ITEM 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.

As previously announced, Robert V. Condon resigned on November 6, 2008, as Vice President, Finance, Chief Financial Officer, Treasurer and Secretary of Merrimac Industries, Inc. (the "Company"). The Company and Mr. Condon entered into a Separation Agreement and General Release effective December 11, 2008. Under the terms of the Separation Agreement and General Release, Mr. Condon will receive compensation and other benefits totaling $104,849.

The foregoing description of the Separation Agreement and General Release is qualified in its entirety by reference to the Separation Agreement and General Release attached hereto as Exhibit 10.1, which is incorporated herein by reference.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits.

10.1 Separation Agreement and General Release by and between Merrimac Industries, Inc. and Robert V. Condon.

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