-----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, CTOCNO8DitA4bbak9grU5YBawuRnYgHju2slHZi75T27rKZb0F/PAb0RrWWkXxy/ MkeS/sSt59xicyDiAalf5A== 0000074818-00-500004.txt : 20001218 0000074818-00-500004.hdr.sgml : 20001218 ACCESSION NUMBER: 0000074818-00-500004 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20001212 ITEM INFORMATION: FILED AS OF DATE: 20001215 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ORBIT INTERNATIONAL CORP CENTRAL INDEX KEY: 0000074818 STANDARD INDUSTRIAL CLASSIFICATION: WOMEN'S, MISSES', AND JUNIORS OUTERWEAR [2330] IRS NUMBER: 111826363 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-03936 FILM NUMBER: 789473 BUSINESS ADDRESS: STREET 1: 80 CABOT COURT CITY: HAUPPAUGE STATE: NY ZIP: 11788 BUSINESS PHONE: 7136675601 MAIL ADDRESS: STREET 1: 80 CABOT COURT CITY: HAUPPAUGE STATE: NY ZIP: 11788 FORMER COMPANY: FORMER CONFORMED NAME: ORBIT INSTRUMENT CORP DATE OF NAME CHANGE: 19911015 8-K 1 r12128ka.txt 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): December 12, 2000 ORBIT INTERNATIONAL CORP. (Exact name of registrant as specified in its charter) Delaware 0-3936 11-1826363 (State or other jurisdiction incorporation) (Commission File Number) (IRS Employer Identification No.) 80 Cabot Court, Hauppauge, New York 11788 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (631) 435-8300 (Former name or former address, if changed since last report) Item 5. Other Events Orbit International Corp. (Nasdaq SmallCap: ORBT) today announced that it has terminated its letter of intent with Homing, Inc. pursuant to which Orbit and Homing had agreed to combine. Pursuant to the terms of the letter of intent, closing of the transaction was subject to a number of conditions, one of which was the completion of a private placement. Homing has been unable to complete such private placement. As a result of the termination, Orbit intends to write off all costs associated with the transaction in its current fourth quarter which it expects will approximate $125,000. Item 7: Financial Statements, Pro Forma Financial information and Exhibits. (c) Exhibits 99.1 Press Release issued by the Company on December 12, 2000. SIGNATURES Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant had duly caused this report to be signed by the undersigned hereunto duly authorized. Orbit International Corp. By: /s/ Mitchell Binder Mitchell Binder Vice President - Finance Dated: December 14, 2000 EXHIBIT 99.1 CONTACT FOR IMMEDIATE RELEASE Mitchell Binder December 12, 2000 631-435-8300 ORBIT INTERNATIONAL CORP. TERMINATES LETTER OF INTENT TO COMBINE WITH HOMING, INC. HAUPPAUGE, NY, December 12, 2000 -- Orbit International Corp. (Nasdaq SmallCap: ORBT) today announced that it has terminated its letter of intent with Homing, Inc. pursuant to which Orbit and Homing had agreed to combine. Pursuant to the terms of the letter of intent, closing of the transaction was subject to a number of conditions, one of which was the completion of a private placement. Homing has been unable to complete such private placement. As a result of the termination, Orbit intends to write off all costs associated with the transaction in its current fourth quarter which it expects will approximate $125,000. This press release contains Aforward looking statements@, within the meaning of the Private Securities Litigation Reform Act of 1995, regarding the Company's expectations relating to the write-off of costs associated with its letter of intent with Homing. These forward-looking statements involve known and unknown risk, uncertainties and other factors that could cause the actual future results of the Company to be materially different from such forward looking statements. Factors that might result in such differences include, without limitation, other unknown costs associated with the transaction. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission. 365149 v.1 [7TR101!.WPD] - - 3 - 365149 v.1 [7TR101!.WPD] -----END PRIVACY-ENHANCED MESSAGE-----