SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities and Exchange Act of 1934
Date of Report (Date of Earliest Event Reported):
October 1, 1999
ORBIT INTERNATIONAL CORP.
(Exact Name of Registrant as Specified in its Charter)
Delaware 0-3936 11-1826363
(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification
incorporation) No.)
80 Cabot Court
Hauppauge, NY 11788
(Address of principal executive offices)
Registrant's Telephone Number, including
area code: (516) 435-8300
Not Applicable
(Former Address, if changed since last report)
Item 5. Other Events
Annexed hereto as Exhibit A is a press release issued by Orbit International
Corp. on
October 1, 1999.
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.
Dated: October 5, 1999
ORBIT INTERNATIONAL CORP.
By: /s/ Dennis Sunshine
Name: Dennis Sunshine
Title: President and Chief Executive Officer
Exhibit Index
Exhibit Page No. in Sequential Numbering System
Press Release of Orbit International Corp.
dated October 1, 1999 6
Exhibit A
CONTACT FOR IMMEDIATE RELEASE
Mitchell Binder October 1, 1999
tc \l1 "Mitchell Binder October 1, 1999 516-435-8300
ORBIT INTERNATIONAL CORP ANNOUNCES
tc \l2 "ORBIT INTERNATIONAL CORP ANNOUNCES
APPROVAL OF ONE-FOR-THREE REVERSE STOCK SPLIT
tc \l2 "APPROVAL OF ONE-FOR-THREE REVERSE STOCK SPLIT
Hauppauge, New York, October 1, 1999-Orbit International Corp.(NASDAQ:ORBT)
today
announced that its shareholders have approved at a Special Meeting an
Amendment to the
Company's Certificate of Incorporation to effect a one-for-three reverse stock
split of the
Company's outstanding stock.
The Company previously announced that it did not meet the requirements to
maintain its listing on
the Nasdaq National Market and had intended to transfer its listing to the
Nasdaq SmallCap
Market.
The Company currently meets all the requirements for listing on the SmallCap
Market with the
exception of the minimum bid price of $1. The approval of this one-for-three
reverse stock split
now puts the Company in compliance with the requirements of a SmallCap
listing.
The Company will be attending a hearing on October 7, 1999 before a Panel
authorized by The
Nasdaq Stock Market Board of Directors at which time the Company's application
to the
SmallCap
Market will be evaluated.
Orbit International Corp., based in Hauppauge, is involved in the manufacture
of customized
electronic components and subsystems for military and nonmilitary government
applications. Its
Behlman Electronics, Inc. subsidiary manufactures and sells high quality
commercial power units
and low noise uninterruptable power supplies (UPS). The Behlman military
division designs,
manufactures and sells power units and electronic products for measurement and
display. For a
more detailed discussion of the risks inherent in the Company's business the
reader is referred to
the
Company's Annual Report on Form 10-K for the fiscal year ended December 31,
1998.
This press release contains "forward looking statements", within the meaning
of the Private
Securities Litigation Reform Act of 1995, regarding the Company's expectations
relating to its
continued listing on Nasdaq. These forward-looking statements involve known
and unknown
risk,
uncertainties and other factors that could cause the actual future results of
the Company to be
materially different from such forward looking statements. Factors that might
result in such
differences include, without limitation, variable market conditions and
changing needs of the
defense
sector and the Company's customers. The forward-looking statements contained
herein are also
subject generally to other risks and uncertainties that are described from
time to time in the
Company's reports and registration statements filed with the Securities and
Exchange Commission.
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