Ampex Corporation Files Prenegotiated Reorganization Plan to Facilitate Financial Restructuring.

Business WireMarch 31, 2008

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Ampex Corporation Files Prenegotiated Reorganization Plan to Facilitate Financial Restructuring.

Ampex Corporation Conducting Business in the Ordinary Course

REDWOOD CITY, Calif. -- Ampex Corporation (Nasdaq:AMPX) today announced that on March 30, 2008, Ampex Corporation and its U.S. subsidiaries filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code. Prior to filing, the Company negotiated with and obtained the support of the majority of its secured c...

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