8-K

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) - May 8, 2008

IEC ELECTRONICS CORP.

(Exact Name of Registrant as Specified in its Charter)

Delaware

(State or Other Jurisdiction of Incorporation)

0-6508	13-3458955
(Commission File Number)	(IRS Employer Identification No.)

105 Norton Street, Newark, New York 14513

(Address of principal executive offices)(Zipcode)

(315) 331-7742

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(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:

□ 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))

Item 8.01Other Events

IEC Electronics Corp. (IECE.OB) announced it has signed a letter of intent to acquire Val-U-Tech Corp., a privately held supplier of wire harness assemblies located in Victor, N.Y.

The transaction is subject to the execution of definitive agreements with both Val-U-Tech and M&T Bank which is providing the financing. Those agreements require board approvals and the satisfaction of customary closing conditions. It is anticipated that the transaction will close during our third quarter.

The information in this Form 8-K and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, except as shall be expressly set forth by specific reference in such filing.

Neither the filing of any exhibit to this report nor the inclusion in such exhibits of a reference to IEC Electronics Corp.’s Internet address shall, under any circumstances, be deemed to incorporate the information available at such address into this report. The information available at IEC Electronics Corp.’s Internet address is not part of this report.

Item 9.01Financial Statements and Exhibits

(d)Exhibits

99.1 Press Release issued by IEC Electronics Corp. dated May 8, 2008.

2

SIGNATURES

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.

	IEC Electronics Corp.
	(Registrant)
Date: May 8, 2008	By:	/s/ W. Barry Gilbert
		W. Barry Gilbert
		Chairman, Chief Executive Officer

3

EX-99.1

Exhibit 99.1

IEC Announces Intent to Acquire Val-U-Tech Corp.

Newark, NY - May 8, 2008 - IEC Electronics Corp. (IECE.OB) announced it has signed a letter of intent to acquire Val-U-Tech Corp., a privately held supplier of wire harness assemblies located in Victor, N.Y.

With revenue of approximately $11,000,000, Val-U-Tech serves several leading customers in the military, medical and industrial markets. The combined companies will have 360 employees with proforma annualized revenues in fiscal year 2009, of approximately $70,000,000. The combination will be accretive to IEC shareholders. The transaction is subject to the execution of definitive agreements with both Val-U-Tech and M&T Bank which is providing the financing. Those agreements require board approvals and the satisfaction of customary closing conditions. We anticipate the transaction closing during our third quarter.

Together, IEC and Val-U-Tech will provide their customers with a more powerful set of solutions for meeting their manufacturing requirements and afford greater momentum and opportunity to grow into new markets.

W. Barry Gilbert, Chairman of the Board and CEO, stated, “We view this as a significant opportunity for IEC. We have been searching for a company which we could integrate into our culture, support our customers’ emerging needs and give us an opportunity to diversify our product offerings. While this acquisition entails risk, it offers meaningful synergies. We can now offer our existing customers, and a wider set of new customers, one-stop-shopping via an integrated package of board assemblies and cable harnesses for those boards; administrative efficiencies can be gained; and we can accelerate the use of our tax loss carryforwards.”

As a full service EMS provider, AS9100 and IEC is ISO-9001:2000 registered, and a NSA approved supplier under the COMSEC standard. The Company offers its customers a wide range of services including design, prototype and volume printed circuit board assembly, material procurement and control, manufacturing and test engineering support, systems build, final packaging and distribution. Information regarding IEC can be found on its web site at www.iec-electronics.com.

The foregoing, including any discussion regarding the Company's future prospects, contains certain forward-looking statements that involve risks and uncertainties, including uncertainties associated with economic conditions in the electronics industry, particularly in the principal industry sectors served by the Company, changes in customer requirements and in the volume of sales to principal customers, competition and technological change, the ability of the Company to control manufacturing and operating costs, satisfactory relationships with vendors. The Company's actual results of operations may differ significantly from those contemplated by any forward-looking statements as a result of these and other factors, including factors set forth in the Company's 2007 Annual Report on Form 10-K and in other filings with the Securities and Exchange Commission.

Contact:	Heather Keenan
	IEC Electronics Corp.
	(315) 332-4262
	Hkeenan@iec-electronics.com