Item 5.02 Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.

On October 2, 2008, Meade Instruments Corp. (the "Company"), advised Mr. Donald W. Finkle, the Company's Senior Vice President of Operations that the Company was eliminating the position of Senior Vice President of Operations in an effort to further streamline and reduce the Company's cost structure. As a result, Mr. Finkle's employment with the Company was being terminated. Mr. Finkle's last date of employment with the Company will be October 3, 2008. Mr. Finkle will receive one year of salary as severance and certain other benefits in accordance with his existing employment contract and the Executive Severance Agreement dated October 2, 2008, between the Company and Mr. Finkle.

A copy of the Executive Severance Agreement is attached as Exhibit 10.113.

Item 9.01 Financial Statements and Exhibits

Exhibit No. Exhibit Title or Description 10.113 Executive Severance Agreement, dated October 2, 2008, by and between Donald W. Finkle and Meade Instruments Corp. 99.1 Press Release, dated October 2, 2008, issued by Meade Instruments Corp.

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