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HRLY > SEC Filings for HRLY > Form 8-K on 12-Nov-2008All Recent SEC Filings

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Form 8-K for HERLEY INDUSTRIES INC /NEW

12-Nov-2008

Entry into a Material Definitive Agreement, Financial Statements and E


Item 1.01 Entry into a Material Definitive Agreement

On November 10, 2008, the Company sold all of the outstanding capital stock of its subsidiary, Innovative Concepts, Inc., to Elbit Systems of America, LLC, which is a wholly owned subsidiary of Elbit Systems Ltd., of Haifa, Israel, in a $15 million all cash transaction. Elbit Systems of America, LLC is a leading provider of high performance products and system solutions, focusing on the defense, homeland security, commercial aviation and medical instrumentation markets.



Item 9.01 Financial Statements and Exhibits

(d) Exhibits

10.1 Stock Purchase Agreement dated as of September 18, 2008 among Elbit Systems of America, LLC, Innovative Concepts, Inc., Herley Industries, Inc. and ICI Acquisition Corp.

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