-----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, QovxHzFoCCbUjbvH91iEy4uZSmKFMCyzXJe16S/R34y+8tkeiTP2u9TsnWKFsBY4 IEyfSUJ602DP4cmDR5/GgA== 0001275287-04-000478.txt : 20041227 0001275287-04-000478.hdr.sgml : 20041224 20041227150633 ACCESSION NUMBER: 0001275287-04-000478 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20041222 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20041227 DATE AS OF CHANGE: 20041227 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SONO TEK CORP CENTRAL INDEX KEY: 0000806172 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690] IRS NUMBER: 141568099 STATE OF INCORPORATION: NY FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-16035 FILM NUMBER: 041226298 BUSINESS ADDRESS: STREET 1: 2012 RT 9W BLDG 3 CITY: MILTON STATE: NY ZIP: 12547 BUSINESS PHONE: 8457952020 MAIL ADDRESS: STREET 1: 2012 RT. 9W, BLDG. 3, CITY: MILTON STATE: NY ZIP: 12547 8-K 1 sc1759.htm

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):  December 22, 2004

Sono-Tek Corporation


(Exact name of registrant as specified in its charter)

Commission File Number:  0-16035

New York

 

14-1568099


 


(State of Incorporation)

 

(I.R.S. Employer ID No.)

 

 

 

2012 Route 9W, Milton, New York

 

12547


 


(Address of Principal Executive Offices)

 

(Zip Code)

Registrant’s telephone number, including area code  (845) 795-2020

Check appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under 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 1.01:           Entry into a Material Definitive Agreement.

The Company and M&T Bank entered into a Line of Credit Agreement as of December 21, 2004.  The terms of the Agreement provide for a revolving line of credit of $500,000 at prime with all of the Company’s business assets as collateral.   The Company may borrow additional amounts up to $150,000 for the purchase of machinery and equipment.

Item 7.01:          Regulation FD Disclosure.

The Company issued dated December 22, 2004 regarding its new banking relationship with M&T Bank. This it attached as exhibit 99.1.

Exhibits:

99.1          Press release dated December 22, 2004.



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.

SONO-TEK CORPORATION

 

 

 

 

By:

/s/ CHRISTOPHER L. COCCIO

 

 


 

 

Christopher L. Coccio

 

 

Chief Executive Officer

 

December 27, 2004


EX-99.1 2 sc1759ex991.htm

Exhibit 99.1

Sono-Tek Enters New Banking Relationship with M&T Bank

MILTON, N.Y., Dec. 22 /PRNewswire-FirstCall/ -- Sono-Tek Corporation, (OTC Bulletin Board: SOTK) announced that it had entered into a new lending relationship with M&T Bank. The new lending facility is composed of a revolving line of credit of $500,000 and a $150,000 capital improvement facility. Initial borrowings of $350,000 under the line of credit will be used to repay more costly borrowings from a previous banking relationship and other small loans.

Christopher L. Coccio, Sono-Tek’s President/CEO was quoted “We are very pleased with the service afforded us by M&T Bank, by the Highland Office branch on both our commercial accounts, credit card services and now by its Hudson Valley regional lending officers and look forward to this new expanding banking relationship. All of our short-term borrowings are now concentrated with M&T Bank. M&T is a community-based bank with several branches close to our Hudson Valley manufacturing facility and yet it provides all the services of a major money center bank that are required to back up our growing domestic and international business. The branch and lending personnel are efficient in their day-to-day transaction processing and have reduced our annual banking fees and now the excellent package put together by the regional lending group will also reduce our interest costs.”

For further information, contact Dr. Christopher L. Coccio, President and CEO at 845-795-2020, or visit our website at http://www.sono-tek.com

Sono-Tek Corporation is a leading developer and manufacturer of liquid spray products based on its proprietary ultrasonic nozzle technology. Founded in 1975, the Company’s products have long been recognized for their performance, quality, and reliability.

This press release contains forward looking statements regarding future events and the future performance of Sono-Tek Corporation that involve risks and uncertainties that could cause actual results to differ materially. These factors include, among other considerations, general economic and business conditions; political, regulatory, competitive and technological developments affecting the Company’s operations or the demand for its products; timely development and market acceptance of new products; adequacy of financing; capacity additions and the ability to enforce patents. We refer you to documents that the company files with the Securities and Exchange Commission, which includes Form 10-KSB and Form 10-QSBs containing additional important information.



SOURCE  Sono-Tek Corporation

          -0-                                                                                12/22/2004
          /CONTACT: Dr. Christopher L. Coccio, President and CEO of Sono-Tek Corporation, +1-845-795-2020 /
          /Web site:  http://www.sono-tek.com /


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