ITEM 8.01 OTHER EVENTS

On December 12, 2012, the board of directors of the registrant declared a special cash dividend in the per share amount of $0.20 on the common stock of the registrant, payable on December 31, 2012 to stockholders of record of such stock at the close of business on December 24, 2012.

Registrant's cash dividend policy calls for the declaration and payment of dividends to holders of registrant's common stock, subject to the discretion and satisfaction of registrant's board of directors with registrant's financial condition, results of its operations, and its prospects for future investments in growth, at the time of the declaration of such dividends.

ITEM 9.01 (c). Exhibits.

99.1 Press Release of Frequency Electronics, Inc., dated December 12, 2016.