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): FEBRUARY 14, 1997
FREQUENCY ELECTRONICS, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-8061 11-1986657
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
55 CHARLES LINDBERGH BLVD., MITCHEL FIELD, NY 11553
(Address of principal executive offices) (Zip Code)
(516) 794-4500
(Registrant's telephone number, including area code)
NONE
(Former name, former address and former fiscal year,
if changed since last report)
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ITEM 5. OTHER EVENTS
On February 14, 1997, registrant commenced an action by
filing a complaint in the United States District Court for the
Eastern District of Virginia, Case Number CV 97-230-A, entitled
"Frequency Electronics, Inc., Plaintiff, against United States
of America, Department of the Air Force, Defendant". The action
seeks a declaratory judgment and injunctive relief to compel the
defendant to discontinue registrant's suspension from receiving
new Government contracts pursuant to the notice of suspension
issued by the defendant on December 13, 1993. Upon commencement
of the action, registrant filed a motion for a preliminary
injunction to compel defendant's discontinuance of the
suspension pending final disposition of the action. In the
complaint, registrant alleges that continuation of the
suspension, under the circumstances of this matter, exceeds
defendant's authority under Federal Acquisition Regulations;
violates registrant's rights under the due process clause of the
Fifth Amendment to the U.S. Constitution; is a denial of the
procedural due process and principles of fundamental fairness
mandated by applicable regulations; and is arbitrary, capricious
and an abuse of discretion. Registrant believes that
defendant's position is contrary to applicable law and that
registrant will prevail in this action.
For a further discussion of the suspension referred to
above and of matters related thereto, reference is made to the
following reports of registrant filed under Section 13 of the
Securities Exchange Act of 1934, all of which are on file at the
Securities and Exchange Commission:
Annual reports on Form 10-K for the following fiscal
years ended April 30 in the following items of such
reports: Items 1 and 3 - 1988 and 1989; Items 1,3 and 8 -
1992, 1993 and 1996; and Items 1, 3, 7 and 8 - 1990, 1991,
1994 and 1995.
Quarterly reports on Form 10-Q for the following
fiscal quarters ended January 31 in Part I of such reports:
1990 and 1991.
Current reports on Form 8-K at the following dates in
Item 5 thereof: February 5, April 6 and December 17, 1990;
October 18, November 17 and November 22, 1993; November 7,
1994; and July 27 and November 20, 1995.
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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.
FREQUENCY ELECTRONICS, INC.
By /s/ Joseph P. Franklin
JOSEPH P. FRANKLIN, Chairman
of the Board of Directors
Dated: February 21, 1997
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