UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549




                                  F O R M 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 19, 2003
- --------------------------------------------------------------------------------

                             Jaco Electronics, Inc.
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               (Exact name of registrant as specified in charter)


              New York                000-05896             11-1978958
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    (State or other jurisdiction    (Commission File       (IRS Employer
          of incorporation)              Number)            Identification No.)

145 Oser Avenue, Hauppauge, New York              11788
- ------------------------------------      -------------------------
(Address of principal executive offices)         (Zip Code)

Registrant's telephone number, including area code (631) 273-5500
                                                   -----------------------------


                               N/A
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      (Former name or former address, if changed since last report)






Item 5. Other Events and Regulation FD.

     Jaco Electronics, Inc. (Nasdaq: JACO) announced that it has entered into an
Asset  Purchase  Agreement  (the  "Asset  Purchase  Agreement"),   with  Reptron
Electronics,  Inc.,  a Florida  corporation,  and an  electronics  manufacturing
supply chain services company  ("Reptron"),  pursuant to which Jaco will acquire
certain assets of the electronics distribution operations of Reptron.

         The purchase price for the assets is approximately $10.4 million, of
which approximately $5.6 million will be paid in cash to Reptron at the closing,
and the remaining consideration will result from Jaco's assumption of certain
liabilities.

         Under the terms of the Asset Purchase Agreement, Jaco will purchase
inventory, customer lists and certain other assets. The Asset Purchase Agreement
contains certain representations, warranties, covenants and indemnification
provisions. The consummation of the transaction is subject to the satisfaction
of a number of closing conditions.

     Attached  hereto  as  Exhibit  99.1  is a  press  release  announcing  the
transaction.






Item 7.  Financial Statements and Exhibits.


(c)      Exhibits


Exhibit
Number                     Description


99.1                      Press Release dated May 19, 2003.








                                  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.


                                  JACO ELECTRONICS, INC.



Date: May 19, 2003        By:   /s/ Jeffrey D. Gash
                               ----------------------------------------------
                               Jeffrey D. Gash,
                               Executive Vice President, Finance and Secretary
                               (Principal Financial Officer)






                              EXHIBIT INDEX


Exhibit
Number                     Description


99.1                      Press Release dated May 19, 2003.







For Immediate Release                                  News Announcement

CONTACT:
Jeffrey D. Gash                            Joseph N. Jaffoni, Nathan Ellingson
Chief Financial Officer                    Jaffoni & Collins Incorporated
631/273-5500 or jgash@jacoelect.com        212/835-8500 or jaco@jcir.com


     JACO  ELECTRONICS  TO ACQUIRE  CERTAIN ASSETS OF REPTRON  DISTRIBUTION  FOR
APPROXIMATELY $10.4 MILLION

- - Complementary  Acquisition Broadens Jaco's Product Offerings and Customer Base
- -

Hauppauge,  NY (May 19,  2003)  -- Jaco  Electronics,  Inc.  (Nasdaq:  JACO),  a
distributor  of  electronic  components  to  original  equipment  manufacturers,
announced  today that it has  entered  into a  definitive  agreement  to acquire
certain   assets  of  the   electronics   distribution   operations  of  Reptron
Distribution, a division of Reptron Electronics,  Inc. (Nasdaq: REPT). The total
purchase  price is  approximately  $10.4  million  of which  approximately  $5.6
million  is  cash  with  the  remaining   consideration  resulting  from  Jaco's
assumption of certain liabilities.

Under the terms of the agreement, Jaco will acquire the inventory, customer
lists and certain other assets of the electronics distribution operations of
Reptron Distribution. Reptron Distribution is an authorized vendor of
approximately 30 semiconductor lines, flat panel displays (FPD), passive
products and electromechanical components and offers a variety of custom
logistics and supply chain management services.

The transaction is expected to be consummated during the second calendar quarter
of 2003 and is subject to customary closing conditions. Jaco will finance the
transaction through its existing bank credit facilities.

Commenting on the transaction, Joel Girsky, Jaco's Chairman and Chief Executive
Officer, said, "The electronics distribution operations of Reptron Distribution
are an excellent,

                                     -more-


complementary addition to Jaco's existing core distribution operations and
represent an excellent strategic transaction for us. This acquisition
significantly strengthens our position in our core electronics distribution
segment by adding sales volume, an exciting line card of new products not yet
carried by Jaco and Reptron's nearly 2,000 customers. We expect to realize
significant synergies from this transaction as we generate operating
efficiencies and cross-sell our lines to their customers and their lines to our
customers. With the addition of Reptron's distribution business, we anticipate
our annual sales run-rate will increase to approximately $300 million.

"Additionally, we are excited to fold Repton's flat panel business into our FPD
division. In the last few years, our FPD products have emerged as a growth area
for Jaco, and incorporating new high profile product lines and expertise from
Reptron should further establish our position as a leading distributor and
value-added integrator of flat panel products in the country."

Founded in 1973, Reptron Distribution sells electronic components primarily to
original equipment manufacturers in a wide variety of industries. Reptron
Distribution represents over 30 vendor lines and distributes more than 45,000
separate items in product categories including semiconductors, flat panel
displays, passive products and electromechanical components. Reptron
Distribution sells primarily to approximately 2,000 customers representing
diverse industries including: robotics, telecommunications, computers and
computer peripherals, consumer electronics, healthcare, industrial controls and
contract manufacturing. Services provided to these customers include component
sales, component engineering, inventory replenishment programs, in-plant stores,
component programming, EDI, and other Internet based communications. For its
vendors, Reptron Distribution has developed product promotion, technical
seminars, and customer identification programs that help vendors build
recognition of individual products and target and market to specific types of
customers.

Jaco is a leading distributor of electronic components to industrial OEMs and
contract manufacturers throughout North America and provides contract
manufacturing services to its
                                     -more-



industrial OEM customers. Jaco distributes products such as semiconductors,
capacitors, resistors, electromechanical devices, flat panel displays and
monitors and power supplies, which are used in the manufacture and assembly of
electronic products, including: telecommunications equipment, computers and
office equipment, medical devices and instrumentation, industrial equipment and
controls, military/aerospace systems and automotive and consumer electronics.

Jaco has two distribution centers and 14 strategically located sales offices
throughout the United States. Jaco provides a variety of value-added services
including automated inventory management services, assembling stock items for
customers into pre-packaged kits, integrating and assembling various custom
components with flat panel displays to customer specifications and providing
contract manufacturing services. The Company's core customer base consists
primarily of small and medium-sized manufacturers that produce electronic
equipment used in a wide variety of industries.

Except for the historical information, this press release includes
forward-looking statements that involve risks and uncertainties, including, but
not limited to, general industry and economic conditions, the impact of
competitive products, product demand and market acceptance risks, fluctuations
in operating results, delays in development of highly-complex products, the
ability of the Company to maintain or expand its operations, the level of costs
incurred in connection with the Company's ability to maintain or expand its
operation and the financial strength of the Company's customers and suppliers
and other risks detailed from time to time in the Company's Securities and
Exchange Commission filings. The Company believes that all forward-looking
statements made by it have a reasonable basis, but there can be no assurance
that management's expectations, beliefs or projections as expressed in the
forward-looking statements will actually occur or prove to be correct. Actual
results may differ materially from such information set forth herein.

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