-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, TVQ5bpAhK69+3A1j4nSAHfjOsM59ErPNuRbQx6T9t0TDalXJEDn7fbTPu9u6TTTc Wj4NjbDAXkZa0j0jbZNQtw== 0001144204-08-057743.txt : 20081015 0001144204-08-057743.hdr.sgml : 20081015 20081015115604 ACCESSION NUMBER: 0001144204-08-057743 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20081015 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20081015 DATE AS OF CHANGE: 20081015 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IEC ELECTRONICS CORP CENTRAL INDEX KEY: 0000049728 STANDARD INDUSTRIAL CLASSIFICATION: PRINTED CIRCUIT BOARDS [3672] IRS NUMBER: 133458955 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-06508 FILM NUMBER: 081124366 BUSINESS ADDRESS: STREET 1: 105 NORTON ST CITY: NEWARK STATE: NY ZIP: 14513 BUSINESS PHONE: 3153317742 MAIL ADDRESS: STREET 1: PO BOX 271 CITY: NEWARK STATE: NY ZIP: 14513 FORMER COMPANY: FORMER CONFORMED NAME: INTERCONTINENTAL ELECTRONICS CORP DATE OF NAME CHANGE: 19730601 8-K 1 v128961_8k.htm Unassociated Document
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) - October 15, 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:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 

 

Item 2.02 Results of Operations and Financial Conditions

On October 15, 2008, IEC Electronics Corp. issued a press release announcing its preliminary financial results for the fiscal year ended September 30, 2008. A copy of the press release is furnished as Exhibit 99.1 to this report.
 
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 9.01 Financial Statements and Exhibits

(d) Exhibits

99.1  Press Release issued by IEC Electronics Corp. dated October 15, 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: October 15, 2008
By:
/s/ W. Barry Gilbert
   
W. Barry Gilbert
   
Chairman, Chief Executive Officer

 
3

 
EX-99.1 2 v128961_ex99-1.htm Unassociated Document

Exhibit 99.1

Newark, New York - October 15, 2008 - IEC Electronics Corp. (OTCBB: IECE)
W. Barry Gilbert, Chairman of the Board and CEO of IEC announced today that he has released the following communication to the Company’s shareholders; “The Company does not make it a practice of providing forward looking information or of responding to market activity. However, in light of last weeks record losses in the stock market I want to offer our shareholders an insight as to IEC’s financial performance over the last three months and its financial stability going forward.”

“IEC is a strong company. On an unaudited basis, we completed the fourth quarter of fiscal 2008 with revenue of approximately $16 million as compared to $9.6million in the same period in fiscal 2007. In addition, and on the same basis, we have completed the year with total revenue of approximately $51 million as compared to $40.9 million for fiscal 2007.”

“As a result of our success in Q4, we had strong cash flow. In addition to our required amortization we made an additional $500,000 prepayment of our term loan. Our bank, M&T, has been encouraging and very supportive. As an institution, M&T is strong and well capitalized and has avoided much of the turbulence experienced by its peers.”

The Company is in the midst of its year-end audit, and consequently this estimate of financial results is preliminary and subject to change. Audited results will be reported on or before November 13th.

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.

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, the ability of the Company to assimilate acquired businesses and to achieve the anticipated benefits of such acquisitions, 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.
 
 
 

 
 
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