SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    Form 8-K

                CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

         DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): JUNE 16, 1999


                                  AURA SYSTEMS, INC.
             (Exact Name of Registrant as Specified in its Charter)


         DELAWARE                        0-17249                95-4106894
(State or other Jurisdiction           (Commission           (I.R.S. Employer
of Incorporation or Organization)      File Number)          Identification No.)


                               2335 Alaska Avenue
                          El Segundo, California 90245
                    (Address of principal executive offices)


REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE:  (310) 643-5300

FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT:  N/A




Item 5.   Other Events.



Inability to Timely File Form 10-K

         Aura Systems, Inc. ("Aura" or the "Company") is unable to file its Form
10-K for the year ended  February 28, 1999,  by the due date,  June 16, 1999, as
its auditors have not yet prepared  audited  financial  statements.  The Company
intends  to file Form 10-K as soon as it is able to obtain  sufficient  funds to
pay its  auditors to complete the audit.  However,  in the interest of providing
current information to Aura's shareholders,  the following  information is being
furnished in order to provide information  regarding certain material
developments which  have  occurred  in Aura's  business  since it filed its Form
10-Q for the quarter ended November 30, 1998.

Recent Material Events

         During  the past  year Aura  devoted  substantial  financial  and human
resources  in  furtherance  of its plan to  manufacture  and sell its  patented,
proprietary  product,  the  AuraGen.  This  involved,  among other  things,  the
establishment of manufacturing  facilities and building a sales and marketing
organization to support the introduction of this new product to the marketplace.
As is often the case with the introduction of a capital  intensive product
launch, it was anticipated that in order to implement Aura's business plan,
working capital would be required in an amount that would exceed cash flow
generated from initial sales of the AuraGen.

         Aura  anticipated  that its working  capital  needs would be met from a
number of  sources,  including  the  repayment  by NewCom, Inc. ("NewCom") of
approximately  $20 million  of  indebtedness  which was due in  September  1998
and  proceeds  from external debt and equity financing. NewCom was unable to
meet its obligations to Aura in September 1998,  creating a significant cash
shortfall to Aura. NewCom's operations  in the third  quarter of fiscal  1999
were  severely  impacted by an industry-wide slump in the computer peripherals
industry,  causing a buildup in inventory and difficulty in collecting
receivables from mass merchants. NewCom's business  reached a critical  juncture
in January 1999 when  Deutsche  Financial Services,  which maintained  NewCom's
principal working capital line,  announced that it was unwilling to continue to
advance working capital to NewCom under its credit  facility.  Ultimately,  this
resulted in NewCom  ceasing its  day-to-day operations.

         NewCom's  inability  to meet its  obligations  to Aura  had a  material
adverse impact on Aura's operations.  Payments to Aura suppliers were slowed. As
a result,  needed  parts  and  components  were not  available  when  scheduled.
Similarly, sales orders in the AuraSound division could not be filled, as needed
parts and  components  could not be obtained from vendors who needed to be paid.
This in turn  limited  Aura's  ability to  generate  cash flow from sales in the
AuraGen and AuraSound divisions.

         As previously  reported in the Company's Form 10-Q for the period ended
November 30, 1998, the Company's  management was forced to take steps to curtail
its expansion plans and began implementing measures to reduce its overhead until
such time as  additional  working  capital  could be obtained.  These steps have
included the layoff or resignation of more than fifty employees since January
15, 1999, the sale of the  Company's  MYS division to its former  owners,  the
elimination  of the display  division  and  the  temporary  suspension  of
development   activities associated  with the EVA  program.  Steps are also
underway  to license  Aura's proprietary  AuraSound  line of  speakers.  In
addition,  since March 1999 Aura pledged  approximately  3.5 million shares of
NewCom Common Stock owned by it to secure obligations of Aura to certain
creditors. Approximately 450,000 shares of NewCom were  liquidated by some of
these  creditors and applied to reduce Aura's indebtedness.

         Since January 1999 the Company's  limited  resources  have been devoted
almost  entirely  to  continuing  the  manufacturing  and  sale  of the  AuraGen
products.  This has  required  the  Company  to make some  difficult  decisions,
including  the  decision to delay  payments to the  auditors,  which in turn has
delayed the filing of the  Company's  Annual Report on Form 10-K.  However,  the
decision  was made to support the AuraGen  program at all costs,  as the Company
believes  that  ultimately  the  success  of  the  Company  and  realization  of
shareholder  value will depend on the successful  implementation  of the AuraGen
program.

         Although the Company has experienced  delays in the shipping of AuraGen
products  since the  beginning of the year as a result of  insufficient  working
capital,  necessary  parts are now being obtained and shipments of AuraGens have
resumed.  However, the Company's continued operation will require an infusion of
additional   working  capital,   which  will  in  turn  require  the  successful
restructuring of Aura's outstanding indebtedness, discussed below.

         With its  limited  resources  the  Company  has  stayed  focused on the
AuraGen. The Company continues to support the U.S. Army in its evaluation of the
AuraGen  (known to the U.S.  Army as the VIPER).  Over 25 cities across the U.S.
have  purchased  and are  currently  evaluating  the AuraGen for their use. Some
cities have already  specified  the AuraGen as a  requirement  for some of their
vehicles.  Over 30 utilities in the U.S. have also  purchased and are evaluating
the AuraGen. Certain major telecommunications  companies have recently completed
their evaluations and the Company expects that purchases by these companies will
be forthcoming.  Numerous state and federal  agencies are evaluating the AuraGen
for their specific applications.

         While the Company's limited resources have slowed progress, the Company
has continued to develop  different  engine mounts for the AuraGen.  Today,  the
Company has completed the engine mount designs and started  production that will
fit most of the trucks,  pickups  and SUV's built in North  America by the major
OEMs.  The  Company's  5kw model is now  available  for more  than 20  different
vehicle models.  The Company continues to work closely with OEMs to evaluate the
possibilities for an OEM option sometime in the future.

Need For Restructuring and Infusion of Working Capital

         The  Company's  ability to  maintain  and expand  its  operations  will
require an infusion of working capital and the restructuring of Aura's principal
indebtedness.  In this  regard,  the  Company has  retained  one of the top five
international  accounting  firms to assist it in  implementing a  restructuring.
Discussions  are ongoing with key investor  groups who together  represent  Aura
indebtedness of approximately $35 million,  consisting of straight debt and debt
which is  convertible  into Aura  Common Stock,  with a view towards  converting
this indebtedness  into equity.  The Company believes that the  restructuring of
this indebtedness  is required in order to obtain  working  capital  from other
third parties.  There are no assurances that  satisfactory  agreements will be
reached with these  debtholders.  Absent an  agreement,  the Company will
explore  other avenues.

         A successful  restructuring  will also require the cooperation of other
creditors of Aura. As of June 15, 1999, the Company was in arrears in respect of
more than $10 million in trade payables and in arrears under leases or mortgages
in six Company facilities.  The Company's proposed  restructuring plan calls for
leases and  mortgages to be paid  current and all trade  creditors to be paid in
full over time.  This will  require an  infusion of working  capital  from third
parties and the  agreement  of these  creditors.  There are no  assurances  that
satisfactory agreements will be reached with these creditors.

         The  Company  is  also  a  party  to  certain   guarantees   of  NewCom
indebtedness,  including  a  guarantee  of  NewCom's  indebtedness  to  Deutsche
Financial  Services  ("DFS") of  approximately  $8.5  million,  and a stipulated
judgment in favor of a NewCom creditor for approximately $2.0 million.  In April
1999 DFS commenced legal  proceedings  against Aura to obtain a prejudgment lien
on Aura's assets to secure Aura's  guarantee  obligations.  Although there are
no assurances, the Company believes DFS is fully  collateralized  by the assets
of NewCom that it possesses and that there will be no resulting obligation on
Aura's part.

         The Company does not anticipate that it will be able to obtain external
financing until a restructuring of its principal outstanding indebtedness can be
achieved.  Although the Company  presently has no  commitments to obtain working
capital financing from third parties, it is in ongoing discussions with a number
of potential  investors who have expressed serious interest in providing working
capital to the Company,  subject to achieving a successful  debt  restructuring.
There are no assurances  that such working capital will be made available to the
Company,  or that such  capital will be available at the times or in the amounts
required by the Company.



<PAGE>


Status of Nasdaq Stock Market Listing

         In February  1999 the Company was  notified by the Nasdaq  Stock Market
("Nasdaq")  that the Company's  Common Stock was not in compliance with Nasdaq's
requirement  that the Common  Stock  maintain a minimum bid price of $1.00,  and
that  the  Company  would  have 90 days to  regain  compliance.  In May 1999 the
Company  requested a hearing before Nasdaq to obtain a temporary  exemption from
the $1.00 minimum bid price requirement.  Nasdaq has scheduled a hearing on July
9, 1999.

         Nasdaq  listing  rules also require that listed  companies  timely file
periodic  reports  with the SEC,  including  Form  10-Ks  and  10-Qs in order to
maintain their listing.  The Company's Form 10-K, which is due by June 16, 1999,
is not being  filed  timely  as a result  of the  inability  of the  Company  to
complete its audit.  As previously  reported by the Company,  the audit has been
delayed as a result of the Company's inability to pay its auditors.  The Company
intends to seek a temporary exemption from this listing requirement.

         The Company's ability to regain compliance with SEC filing requirements
is dependent  upon its ability to pay its  auditors.  The  Company's  ability to
regain  compliance  with the $1.00  minimum  bid price  requirement  will likely
require the Company to effect a reverse  stock split,  an action which  requires
shareholder  approval and  solicitation of proxies.  The Company intends to file
its Form 10-K for the fiscal year ended February 28, 1999, and seek  shareholder
approval of a reverse  stock  split at such time as the  Company has  sufficient
working  capital to pay the costs  associated  with these actions.  There are no
assurances as to when or if the Company will be able to complete  these actions.
Even if the Company is able to complete these  actions,  there are no assurances
that they can be completed by the deadlines established by Nasdaq. Even if these
actions can be successfully  completed,  Nasdaq retains the discretion to modify
or increase listing criteria,  and there are no assurances that the Company will
be able to  maintain  compliance  with other  Nasdaq  listing  criteria.  If the
Company's Common Stock is delisted, it nonetheless intends to file its Form 10-K
as soon as the audit can be completed.

         This Report contains forward looking  statements and future results may
differ materially from those anticipated in such forward looking statements.

                              SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Report to be signed by the undersigned hereunto
duly authorized.

                                                  AURA SYSTEMS, INC.
                                                  (Registrant)

Date:  June 16, 1999                         By:  /s/ Steven C. Veen
                                                  ---------------------
                                                  Steven C. Veen
                                                  Chief Financial Officer
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SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    Form 8-K

                CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

         DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): JUNE 16, 1999

                                  AURA SYSTEMS, INC.
             (Exact Name of Registrant as Specified in its Charter)

         DELAWARE                        0-17249                95-4106894
(State or other Jurisdiction           (Commission           (I.R.S. Employer
of Incorporation or Organization)      File Number)          Identification No.)

                               2335 Alaska Avenue
                          El Segundo, California 90245
                    (Address of principal executive offices)

REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE:  (310) 643-5300

FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT:  N/A

Item 5.   Other Events.

Inability to Timely File Form 10-K

         Aura Systems, Inc. ("Aura" or the "Company") is unable to file its Form
10-K for the year ended  February 28, 1999,  by the due date,  June 16, 1999, as
its auditors have not yet prepared  audited  financial  statements.  The Company
intends  to file Form 10-K as soon as it is able to obtain  sufficient  funds to
pay its  auditors to complete the audit.  However,  in the interest of providing
current information to Aura's shareholders,  the following  information is being
furnished in order to provide information  regarding certain material
developments which  have  occurred  in Aura's  business  since it filed its Form
10-Q for the quarter ended November 30, 1998.

Recent Material Events

         During  the past  year Aura  devoted  substantial  financial  and human
resources  in  furtherance  of its plan to  manufacture  and sell its  patented,
proprietary  product,  the  AuraGen.  This  involved,  among other  things,  the
establishment of manufacturing  facilities and building a sales and marketing
organization to support the introduction of this new product to the marketplace.
As is often the case with the introduction of a capital  intensive product
launch, it was anticipated that in order to implement Aura's business plan,
working capital would be required in an amount that would exceed cash flow
generated from initial sales of the AuraGen.

         Aura  anticipated  that its working  capital  needs would be met from a
number of  sources,  including  the  repayment  by NewCom, Inc. ("NewCom") of
approximately  $20 million  of  indebtedness  which was due in  September  1998
and  proceeds  from external debt and equity financing. NewCom was unable to
meet its obligations to Aura in September 1998,  creating a significant cash
shortfall to Aura. NewCom's operations  in the third  quarter of fiscal  1999
were  severely  impacted by an industry-wide slump in the computer peripherals
industry,  causing a buildup in inventory and difficulty in collecting
receivables from mass merchants. NewCom's business  reached a critical  juncture
in January 1999 when  Deutsche  Financial Services,  which maintained  NewCom's
principal working capital line,  announced that it was unwilling to continue to
advance working capital to NewCom under its credit  facility.  Ultimately,  this
resulted in NewCom  ceasing its  day-to-day operations.

         NewCom's  inability  to meet its  obligations  to Aura  had a  material
adverse impact on Aura's operations.  Payments to Aura suppliers were slowed. As
a result,  needed  parts  and  components  were not  available  when  scheduled.
Similarly, sales orders in the AuraSound division could not be filled, as needed
parts and  components  could not be obtained from vendors who needed to be paid.
This in turn  limited  Aura's  ability to  generate  cash flow from sales in the
AuraGen and AuraSound divisions.

         As previously  reported in the Company's Form 10-Q for the period ended
November 30, 1998, the Company's  management was forced to take steps to curtail
its expansion plans and began implementing measures to reduce its overhead until
such time as  additional  working  capital  could be obtained.  These steps have
included the layoff or resignation of more than fifty employees since January
15, 1999, the sale of the  Company's  MYS division to its former  owners,  the
elimination  of the display  division  and  the  temporary  suspension  of
development   activities associated  with the EVA  program.  Steps are also
underway  to license  Aura's proprietary  AuraSound  line of  speakers.  In
addition,  since March 1999 Aura pledged  approximately  3.5 million shares of
NewCom Common Stock owned by it to secure obligations of Aura to certain
creditors. Approximately 450,000 shares of NewCom were  liquidated by some of
these  creditors and applied to reduce Aura's indebtedness.

         Since January 1999 the Company's  limited  resources  have been devoted
almost  entirely  to  continuing  the  manufacturing  and  sale  of the  AuraGen
products.  This has  required  the  Company  to make some  difficult  decisions,
including  the  decision to delay  payments to the  auditors,  which in turn has
delayed the filing of the  Company's  Annual Report on Form 10-K.  However,  the
decision  was made to support the AuraGen  program at all costs,  as the Company
believes  that  ultimately  the  success  of  the  Company  and  realization  of
shareholder  value will depend on the successful  implementation  of the AuraGen
program.

         Although the Company has experienced  delays in the shipping of AuraGen
products  since the  beginning of the year as a result of  insufficient  working
capital,  necessary  parts are now being obtained and shipments of AuraGens have
resumed.  However, the Company's continued operation will require an infusion of
additional   working  capital,   which  will  in  turn  require  the  successful
restructuring of Aura's outstanding indebtedness, discussed below.

         With its  limited  resources  the  Company  has  stayed  focused on the
AuraGen. The Company continues to support the U.S. Army in its evaluation of the
AuraGen  (known to the U.S.  Army as the VIPER).  Over 25 cities across the U.S.
have  purchased  and are  currently  evaluating  the AuraGen for their use. Some
cities have already  specified  the AuraGen as a  requirement  for some of their
vehicles.  Over 30 utilities in the U.S. have also  purchased and are evaluating
the AuraGen. Certain major telecommunications  companies have recently completed
their evaluations and the Company expects that purchases by these companies will
be forthcoming.  Numerous state and federal  agencies are evaluating the AuraGen
for their specific applications.

         While the Company's limited resources have slowed progress, the Company
has continued to develop  different  engine mounts for the AuraGen.  Today,  the
Company has completed the engine mount designs and started  production that will
fit most of the trucks,  pickups  and SUV's built in North  America by the major
OEMs.  The  Company's  5kw model is now  available  for more  than 20  different
vehicle models.  The Company continues to work closely with OEMs to evaluate the
possibilities for an OEM option sometime in the future.

Need For Restructuring and Infusion of Working Capital

         The  Company's  ability to  maintain  and expand  its  operations  will
require an infusion of working capital and the restructuring of Aura's principal
indebtedness.  In this  regard,  the  Company has  retained  one of the top five
international  accounting  firms to assist it in  implementing a  restructuring.
Discussions  are ongoing with key investor  groups who together  represent  Aura
indebtedness of approximately $35 million,  consisting of straight debt and debt
which is  convertible  into Aura  Common Stock,  with a view towards  converting
this indebtedness  into equity.  The Company believes that the  restructuring of
this indebtedness  is required in order to obtain  working  capital  from other
third parties.  There are no assurances that  satisfactory  agreements will be
reached with these  debtholders.  Absent an  agreement,  the Company will
explore  other avenues.

         A successful  restructuring  will also require the cooperation of other
creditors of Aura. As of June 15, 1999, the Company was in arrears in respect of
more than $10 million in trade payables and in arrears under leases or mortgages
in six Company facilities.  The Company's proposed  restructuring plan calls for
leases and  mortgages to be paid  current and all trade  creditors to be paid in
full over time.  This will  require an  infusion of working  capital  from third
parties and the  agreement  of these  creditors.  There are no  assurances  that
satisfactory agreements will be reached with these creditors.

         The  Company  is  also  a  party  to  certain   guarantees   of  NewCom
indebtedness,  including  a  guarantee  of  NewCom's  indebtedness  to  Deutsche
Financial  Services  ("DFS") of  approximately  $8.5  million,  and a stipulated
judgment in favor of a NewCom creditor for approximately $2.0 million.  In April
1999 DFS commenced legal  proceedings  against Aura to obtain a prejudgment lien
on Aura's assets to secure Aura's  guarantee  obligations.  Although there are
no assurances, the Company believes DFS is fully  collateralized  by the assets
of NewCom that it possesses and that there will be no resulting obligation on
Aura's part.

         The Company does not anticipate that it will be able to obtain external
financing until a restructuring of its principal outstanding indebtedness can be
achieved.  Although the Company  presently has no  commitments to obtain working
capital financing from third parties, it is in ongoing discussions with a number
of potential  investors who have expressed serious interest in providing working
capital to the Company,  subject to achieving a successful  debt  restructuring.
There are no assurances  that such working capital will be made available to the
Company,  or that such  capital will be available at the times or in the amounts
required by the Company.
Status of Nasdaq Stock Market Listing

         In February  1999 the Company was  notified by the Nasdaq  Stock Market
("Nasdaq")  that the Company's  Common Stock was not in compliance with Nasdaq's
requirement  that the Common  Stock  maintain a minimum bid price of $1.00,  and
that  the  Company  would  have 90 days to  regain  compliance.  In May 1999 the
Company  requested a hearing before Nasdaq to obtain a temporary  exemption from
the $1.00 minimum bid price requirement.  Nasdaq has scheduled a hearing on July
9, 1999.

         Nasdaq  listing  rules also require that listed  companies  timely file
periodic  reports  with the SEC,  including  Form  10-Ks  and  10-Qs in order to
maintain their listing.  The Company's Form 10-K, which is due by June 16, 1999,
is not being  filed  timely  as a result  of the  inability  of the  Company  to
complete its audit.  As previously  reported by the Company,  the audit has been
delayed as a result of the Company's inability to pay its auditors.  The Company
intends to seek a temporary exemption from this listing requirement.

         The Company's ability to regain compliance with SEC filing requirements
is dependent  upon its ability to pay its  auditors.  The  Company's  ability to
regain  compliance  with the $1.00  minimum  bid price  requirement  will likely
require the Company to effect a reverse  stock split,  an action which  requires
shareholder  approval and  solicitation of proxies.  The Company intends to file
its Form 10-K for the fiscal year ended February 28, 1999, and seek  shareholder
approval of a reverse  stock  split at such time as the  Company has  sufficient
working  capital to pay the costs  associated  with these actions.  There are no
assurances as to when or if the Company will be able to complete  these actions.
Even if the Company is able to complete these  actions,  there are no assurances
that they can be completed by the deadlines established by Nasdaq. Even if these
actions can be successfully  completed,  Nasdaq retains the discretion to modify
or increase listing criteria,  and there are no assurances that the Company will
be able to  maintain  compliance  with other  Nasdaq  listing  criteria.  If the
Company's Common Stock is delisted, it nonetheless intends to file its Form 10-K
as soon as the audit can be completed.

         This Report contains forward looking  statements and future results may
differ materially from those anticipated in such forward looking statements.

                              SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Report to be signed by the undersigned hereunto
duly authorized.

                                                  AURA SYSTEMS, INC.
                                                  (Registrant)

Date:  June 16, 1999                         By:  /s/ Steven C. Veen
                                                  ---------------------
                                                  Steven C. Veen
                                                  Chief Financial Officer