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): May 25, 2007
AEROSONIC CORPORATION
(Exact name of registrant as specified in its charter)
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| Delaware |
1-11750 |
74-1668471 |
| State or other jurisdiction of incorporation or organization |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
1212 North Hercules
Avenue
Clearwater, Florida 33765
(Address of principal executive
offices and Zip Code)
(727) 461-3000
(Registrant’s
telephone number, including Area Code)
Not applicable
(Former name, former address
and former fiscal year, if changed since last report)
Check the appropriate box below if
the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the
registrant under any of the following provisions:
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement
communications pursuant to rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| ITEM 1.02. |
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Termination of a Material Definitive Agreement. |
On
May 25, 2007, Aerosonic Corporation (the “Company”) provided written notice to
each of P. Mark Perkins, Executive VP Sales and Marketing; Gary E. Colbert,
Executive VP and Chief Financial Officer, Treasurer and Secretary; and Carmelo
Russo, Executive VP Operations, that their employment agreements would not be renewed in
their current form beyond the expiration date of November 27, 2009. The employment
agreements provide that the term shall automatically renew for an additional one year
period unless at least 180 prior written notice is given. The written notices further
provided that the current employment agreements would require other changes, including
changes to comply with the new Section 409A of the Internal Revenue Code of 1986.
| ITEM 2.02. |
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Departure
of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers. |
On
June 1, 2007, the Company announced that David A. Baldini will be stepping down as Chairman,
Chief Executive Officer and President of the Company to pursue other interests. Mr.
Baldini will remain Chairman, Chief Executive Officer and President of the Company until a
successor is named. After the naming of a successor, Mr. Baldini, a 14 year veteran of the
Company, will remain at the Company as a consultant for a limited period of time to ensure
a smooth and orderly transition. The Board is diligently seeking a successor to Mr.
Baldini, but can give no definitive time frame as to when a successor will be appointed.
| ITEM 9.01. |
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Financial
Statements and Exhibits |
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.
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AEROSONIC CORPORATION |
Dated: June 1, 2007 |
By: /s/ David A. Baldini
David A. Baldini
Chairman of the Board
President and Chief Executive Officer
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EXHIBIT INDEX
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Description |