Current Report Filing (8-k)
June 01 2017 - 4:07PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM
8-K
CURRENT
REPORT Pursuant
to
Section 13 or 15(
d
)
of the
Securities
Exchange Act of 1934
Date
of report (Date of earliest event reported):
May 31, 2017
Solitron
Devices, Inc.
(Exact
Name of Registrant as Specified in Its Charter)
Delaware
|
|
001-04978
|
|
22-1684144
|
(State
or Other Jurisdiction
of Incorporation)
|
|
(Commission
File Number)
|
|
(IRS
Employer
Identification No.)
|
3301
Electronics Way, West Palm Beach, Florida
|
|
33407
|
(Address
of Principal Executive Offices)
|
|
(Zip
Code)
|
(561)
848-4311
(Registrant’s
Telephone Number, Including Area Code)
(Former
Name or Former Address, if Changed Since Last Report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (
see
General Instruction A.2. below):
☐
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate
by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act
of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Section
2 – Financial Information
|
Item
2.02.
|
Results
of Operations and Financial Condition.
|
On
May 31, 2017, Solitron Devices, Inc. ("Solitron" or the "Company") issued a press release announcing that
it expects to take a charge to inventory due to excess and obsolescence ("E&O") and wafer yield loss, providing
certain financial information, including the fiscal 2017 amount of year-end inventory, net of reserves, sales information for
the fourth quarter and fiscal 2017 and backlog for fiscal 2017 year-end, and guidance for the first quarter of fiscal 2018 relating
to net sales and bookings.
A
copy of the press release is being furnished as Exhibit 99.1 to this Current Report on Form 8-K.
Section
7 – Regulation FD
|
Item
7.01
|
Regulation
FD Disclosure.
|
The
information set forth under "Item 2.02 Results of Operations and Financial Condition" of this Current Report on Form
8-K is incorporated by reference into this Item 7.01.
Section
9 – Financial Statements and Exhibits
|
Item
9.01.
|
Financial
Statements and Exhibits.
|
(d)
Exhibits
SIGNATURE
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.
June 1, 2017
|
SOLITRON DEVICES, INC.
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|
|
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/s/ Tim Eriksen
|
|
Tim Eriksen
|
|
Chief Executive Officer and
|
|
Interim Chief Financial Officer
|
EXHIBIT
INDEX
5
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