0001140361-12-049297.txt : 20121130 0001140361-12-049297.hdr.sgml : 20121130 20121130170021 ACCESSION NUMBER: 0001140361-12-049297 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20121127 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20121130 DATE AS OF CHANGE: 20121130 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TESSCO TECHNOLOGIES INC CENTRAL INDEX KEY: 0000927355 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-ELECTRONIC PARTS & EQUIPMENT, NEC [5065] IRS NUMBER: 520729657 STATE OF INCORPORATION: DE FISCAL YEAR END: 0721 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33938 FILM NUMBER: 121235295 BUSINESS ADDRESS: STREET 1: 11126 MCCORMICK ROAD CITY: HUNT VALLEY STATE: MD ZIP: 21031 BUSINESS PHONE: 4102291000 MAIL ADDRESS: STREET 1: 11126 MCCORMICK ROAD CITY: HUNT VALLEY STATE: MD ZIP: 2121031 8-K 1 form8k.htm TESSCO TECHNOLOGIES INCORPORATED 8-K 11-27-2012 form8k.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): November 27, 2012
 
TESSCO Technologies Incorporated
(Exact name of registrant as specified in its charter)
 
Delaware
0-24746
52-0729657
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification Number)
 
11126 McCormick Road, Hunt Valley, Maryland 21031
(Address of principal executive offices) (Zip Code)
 
(410) 229-1000
(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 (see General Instruction A.2. below):
 
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 5.02.
Departures of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
 
Effective November 27, 2012, David M Young ceased to serve as Senior Vice President, Chief Financial Officer and Corporate Secretary of the Registrant.  Mr. Young's employment with the Registrant has also terminated, and he is now pursuing new professional opportunities.
 
Pursuant and subject to the terms and conditions set forth in the Severance and Restrictive Covenant Agreement dated February 9, 2009, between Mr. Young and the Registrant, Mr. Young will be entitled to receipt of 1.65 times his current base salary, payable in twelve monthly installments, commencing January 2013.  In addition, by virtue of his separation, Mr. Young will be entitled to distribution of an aggregate of 30,563 Performance Shares previously earned by him.
 
Mr. Aric Spitulnik, who has served as the Registrant's controller for the past seven years, has been elected by the Registrant's board of directors to the position of corporate secretary, and will serve as principal accounting officer.
 
 
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SIGNATURE
 
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.
 
TESSCO Technologies Incorporated
 
 
By:
/s/ Robert B. Barnhill, Jr.
  
 
Robert B. Barnhill, Jr.
 
President and Chief Executive Officer
 
 
 
Dated: November 30, 2012
 
 
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