Form 8-K - Current report
July 26 2023 - 5:12PM
Edgar (US Regulatory)
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2023-07-25
2023-07-25
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 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):
July 25, 2023
IEH
Corporation
(Exact Name of Registrant as Specified in Charter)
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New York |
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0-5278 |
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13-5549348 |
(State or Other Jurisdiction
of Incorporation) |
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(Commission
File Number) |
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(I.R.S. Employer
Identification No.) |
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140 58th Street, Suite 8E
Brooklyn, New York 11220
(Address of Principal Executive Offices, and Zip
Code)
(718) 492-4440
Registrant’s Telephone Number, Including
Area Code
Not Applicable
(Former Name or Former Address, if Changed Since
Last Report)
Securities registered pursuant to Section 12(b) of
the Act: None
Securities registered pursuant to Section 12(g) of
the Act:
Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered |
Common Stock |
IEHC |
OTC Pink Market |
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):
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☐ |
Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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☐ |
Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communication 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 Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities
Exchange Act of 1934 (17 CFR §240.12b-2).
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. ☐
Item 9.01 |
Financial Statements and Exhibits. |
(d) Exhibits
The following exhibit is attached to this Current Report on Form 8-K:
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
IEH Corporation
By: /s/ David Offerman
Name: David Offerman
Title: President and Chief Executive Officer
Date: July 26, 2023
EXHIBIT 99.1
IEH CORP ANNOUNCES NEW ORDERS IN SUPPORT OF APKWS PROGRAM
BROOKLYN, N.Y., July 25, 2023 – IEH Corporation (OTC: IEHC)
announced today that in the past week it has booked over $2 million in new orders for its hyperboloid connectors in support of the US
military’s Advanced Precision Kill Weapon System (“APKWS”) program.
Dave Offerman, President and CEO of IEH Corporation commented, “APKWS
is a US defense program that has been enormously successful for the military for the last several years. Originally conceived as an anti-terror
weapon, this laser-guided munition has been repurposed to suit today’s potential conflicts, enabling the program’s longevity.
IEH’s hyperboloid connectors were specified for this ruggedized application nearly two decades ago, as the design engineers recognized
the need for a highly durable connector solution that would be immune to the extreme shock and vibration of an aerial, rocket-propelled
munition. We are incredibly proud to be an essential part of this critical program, and are excited for its continued deployment and success.”
About IEH Corporation
For 80 years and 4 generations of family-run management, IEH Corporation
has designed, developed, and manufactured printed circuit board (PCB) connectors, custom interconnects and contacts for high performance
applications. With its signature Hyperboloid technology, IEH supplies the most durable, reliable connectors for the most demanding environments.
The company markets primarily to companies in defense, aerospace, space and industrial applications, in the United States, Canada, Europe,
Southeast and Central Asia and the Mideast. The company was founded in 1941 and is headquartered in Brooklyn, New York.
Safe Harbor Statement under the Private Securities Litigation Reform
Act of 1995
Certain statements contained in this press release, and in related comments
by the Company’s management, include “forward-looking statements.” All statements, other than statements of historical
facts, including, without limitation, statements or expectations regarding our financial condition, statements or expectations regarding
our revenues, cash and backlog, expectations regarding future cash requirements, revenue and revenue recovery, including for fiscal year
2024, projected timelines for making our SEC filings or successfully preventing our registration from suspension or revocation and expectations
regarding our efforts and ability to resolve our inventory accounting issues are forward-looking statements. These statements often include
words such as “believe,” “expect,” “estimate,” “plan,” “will,” “may,”
“would,” “should,” “could,” or similar expressions, although not all forward-looking statements contain
such identifying words. These statements are based on certain assumptions that the Company has made on its current expectations and projections
about future events. The Company believes these judgments are reasonable, but you should understand that these statements are not guarantees
of performance or results, and you should not place undue reliance on any forward-looking statements. The Company’s actual performance
or results could differ materially from those expressed in the forward-looking statements due to a variety of important factors, both
positive and negative, as they will depend on many factors about which we are unsure, including many factors beyond our control. Among
other items, such factors could include: any claims, investigations or proceedings arising as a result of our past due Securities and
Exchange Commission (“SEC”) periodic reports, including changes in the proceedings related to the SEC’s Order Instituting
Administrative Proceedings and Notice of Hearing pursuant to Section 12(j) of the Securities and Exchange Act of 1934, as amended; our
ability to remediate our inventory accounting issue; our ability to reduce costs or increase revenue; changes in the macroeconomic environment
or in the finances of our customers; changes in accounting principles, or their application or interpretation, and our ability to make
accurate estimates and the assumptions underlying the estimates; our ability to attract and retain key employees and key resources; and
other risk factors discussed from time to time in our filings with the SEC, including those factors discussed under the caption “Risk
Factors” in our most recent annual report on Form 10-K, filed with the SEC on June 22, 2023, and in subsequent reports filed with
or furnished to the SEC. Additional information concerning these and other factors can be found in our filings with the SEC. All forward-looking
statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary
statements. Except as may be required by applicable law, we do not undertake or intend to update or revise our forward-looking statements,
and we assume no obligation to update any forward-looking statements contained in this press release as a result of new information or
future events or developments. Thus, you should not assume that our silence over time means that actual events are bearing out as expressed
or implied in such forward-looking statements. You should carefully review and consider the various disclosures we make in our filings
with the SEC that attempt to advise interested parties of the risks, uncertainties and other factors that may affect our business.
Contact:
Dave Offerman
IEH Corporation
dave@iehcorp.com
718-492-4448
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