SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549

FORMWASHINGTON, 8-K D.C. 20549

~~CURRENT~~FORM ~~REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934~~8-K

~~Date~~CURRENT of REPORT PURSUANT ~~Report~~TO ~~(Date~~SECTION of13 ~~earliest~~OR ~~event reported~~15(d) ~~June~~OF ~~26,~~THE SECURITIES ~~2002~~EXCHANGE ACT OF 1934

~~Elgar~~Date ~~Holdings,~~of ~~Inc.~~ Report (~~Exact~~Date ~~name~~ of ~~registrant~~earliest asevent ~~specified~~reported) inAugust ~~charter)~~12, 2002

Delaware (State or other jurisdiction of incorporation)		1-333-55797 (Commission file number)		51-0373329 (IRS employer identification no.)
9250 Brown Deer Road, San Diego, California (Address of principal executive offices)				92121-2294 (Zip code)

Elgar Holdings, Inc.

~~Registrant's telephone~~(Exact ~~number,~~name ~~including~~of ~~area~~registrant ~~code~~as ~~(858)~~specified ~~450-0085~~in charter)

Not applicable (Former name or former address, if changed since last report)

Delaware	1-333-55797		51-0373329
(State or other jurisdiction of incorporation)	(Commission file number)		(IRS employer identification no.)

9250 Brown Deer Road, San Diego, California		92121-2294
(Address of principal executive offices)		(Zip code)

Registrant’s telephone number, including area code		(858) 450-0085

Not applicable
(Former name or former address, if changed since last report)

Item 54. OtherChanges Eventsin Registrant’s Certifying Accountants.

On ~~June 26~~August 12, 2002, ~~Elgar Holdings, Inc. (~~the Registrant ~~"Company"),~~engaged ~~its~~Deloitte ~~wholly~~& ~~owned~~Touche ~~subsidiary~~LLP, ~~Elgar~~independent ~~Electronics~~public ~~Corporation ("Borrower")~~accountants, ~~and Ableco Finance~~ ~~LLC, as agent, entered into a Financing Agreement (the "Financing Agreement") that provides Borrower with (a) a $15,000,000 term loan that bears interest at a certain reference rate plus~~ ~~5.50 percentage points, but in no event at a rate less than 10.25%, and (b) a revolving credit facility not~~ to ~~exceed~~audit ~~$10,000,000~~the atRegistrant’s ~~any~~financial ~~time~~statements ~~outstanding~~for ~~that~~the ~~bears~~fiscal ~~interest~~year ~~at a certain~~ending ~~reference rate plus 3.00~~ December ~~percentage points~~28, ~~but in no event at a rate less than 7~~2002.~~75%. Borrowings outstanding under the Agreement mature on June 25, 2006.~~

Borrower used approximately $14.8 million in proceeds from the Financing Agreement to repay in full amounts outstanding under the Company's and Borrower's former credit facility with Bankers Trust Company which was scheduled to mature on June 28, 2002. Borrower intends to use additional funds available to it under the Financing Agreement for working capital purposes and debt service obligations. SIGNATURES

~~The~~Pursuant to the requirements ~~Financing~~ of ~~Agreement~~the isSecurities ~~attached~~Exchange asAct ~~exhibit 99.1~~of ~~hereto.~~1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: August 14, ~~Item 7. Exhibits.~~ 2002

ELGAR HOLDINGS, ~~SIGNATURES~~ INC. By: /s/ Joseph A. Stroud Joseph A. Stroud Chief Financial Officer

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: July 15, 2002

ELGAR HOLDINGS, INC. By: /s/ KENNETH R. KILPATRICK Kenneth R. Kilpatrick President and Chief Executive Officer

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