We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Elecsys Corp | AMEX:ASY | AMEX | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00 | - |
UNITED STATES 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) August 5, 2008 -------------------------------- ELECSYS CORPORATION -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) KANSAS 0-22760 48-1099142 -------------------------------------------------------------------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 6 846 N. Mart-Way Court, Olathe, Kansas 66061 -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (913) 647-0158 ------------------------------ Not Applicable -------------------------------------------------------------------------------- (Former name or former address, if changed since last report)
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers Elecsys Corporation (the "Company") announced today that Derek (Jay) Gillam has been appointed the new Vice-President of Business Development of the Company's DCI subsidiary. The Company has entered into a letter agreement with Mr. Gillam, the principle terms of which include: (i) annual compensation consisting of a base salary of $105,000; (ii) a grant of 10,000 options to purchase the Company's common stock at an exercise price equal to the closing market price of the Company's common stock on the date of grant (August 4, 2008) and vesting in equal parts on each of August 4, 2009, 2010 and 2011; (iii) an annual bonus based primarily on profitability goals approved by the Company's Board of Directors; and (iv) participation in all of the Company's employee benefit programs. A press release announcing the hiring of Mr. Gillam is attached hereto as Exhibit 99.1. Item 9.01 Financial Statements and Exhibits. (c) EXHIBITS. The following exhibits are filed herewith: 99.1 Press Release dated August 5, 2008.
SIGNATURES 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: August 5, 2008 ELECSYS CORPORATION By: /s/ Todd A. Daniels -------------------------------------- Todd A. Daniels Vice President and Chief Financial Officer
EXHIBIT INDEX Exhibit Number Description 99.1 Press release dated August 5, 2008
1 Year Elecsys Chart |
1 Month Elecsys Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions