-----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, Nbmev/1Sb6EPASETz9NnUiy3wjNYgivfwVXy/If84PMMXJdaobXJJaGpty7uC3eo Uf1sTaUE4fYr0rC7OdCbow== 0000922907-05-000580.txt : 20051006 0000922907-05-000580.hdr.sgml : 20051006 20051006172610 ACCESSION NUMBER: 0000922907-05-000580 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20051005 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20051006 DATE AS OF CHANGE: 20051006 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ELECSYS CORP CENTRAL INDEX KEY: 0000914398 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPONENTS, NEC [3679] IRS NUMBER: 481099142 STATE OF INCORPORATION: KS FISCAL YEAR END: 430 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-15057 FILM NUMBER: 051127863 BUSINESS ADDRESS: STREET 1: 15301 W. 109TH STREET CITY: LENEXA STATE: KS ZIP: 66219 BUSINESS PHONE: 9136470158 MAIL ADDRESS: STREET 1: 15301 W. 109TH STREET CITY: LENEXA STATE: KS ZIP: 66219 FORMER COMPANY: FORMER CONFORMED NAME: AIRPORT SYSTEMS INTERNATIONAL INC DATE OF NAME CHANGE: 19931103 8-K 1 form8k_100605.htm FORM 8-K Form 8-K


                                  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 6, 2005 (October 5, 2005)
                                                ----------------------------------

                               ELECSYS CORPORATION
- ----------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


           KANSAS                            0-22760                48-1099142
- ----------------------------------------------------------------------------------
(State or other jurisdiction               (Commission            (IRS Employer
      of incorporation)                   File Number)         Identification No.)


      15301 W. 109th Street  Lenexa, Kansas                            66219
- ----------------------------------------------------------------------------------
     (Address of principal executive offices)                        (Zip Code)



Registrant's telephone number, including area code         (913) 647-0158
                                                  --------------------------------



                                 Not Applicable
- ----------------------------------------------------------------------------------
          (Former name or former address, if changed since last report)





Item 1.01 Entry into a Material Definitive Agreement.

     On October 5, 2005, Elecsys Corporation (the "Company") entered into a Real
Estate Contract with Rose  Construction  Company ("Rose")  pursuant to which the
Company has agreed,  subject to certain conditions  precedent,  to purchase from
Rose  approximately  five acres of land and all  improvements  to be constructed
thereon for approximately $4,380,000.  Improvements will primarily consist of an
approximately  60,100  square foot  building  that will house the  Company's new
production and  headquarters  facility.  The Real Estate  Contract also provides
that Rose will  purchase  the  Company's  current  production  and  headquarters
facility  for an amount in excess of its book value in the event that Company is
unable to sell it prior to the closing date contemplated thereunder. The Company
anticipates moving into the new facility in summer 2006.

     A copy of a press  release  announcing  the  Company's  entry into the Real
Estate Contract is furnished under Item 9.01 of this Form 8-K as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

     (c)  EXHIBITS. The following exhibits are filed herewith:

     99.1       Press Release dated October 6, 2005.





                                    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.

     Date:  October 6, 2005
                                       ELECSYS CORPORATION


                                       By:  /s/ Todd A. Daniels
                                          --------------------------------------
                                            Todd A. Daniels
                                            Vice President and Chief Financial
                                            Officer






                                  EXHIBIT INDEX



Exhibit Number                     Description
- --------------          -----------------------------------

    99.1                Press release dated October 6, 2005


EX-99 2 form8kexh991_100605.htm EXHIBIT 99.1 Exhibit 99.1 to Form 8-K
                                                                    Exhibit 99.1
                                  NEWS RELEASE
- --------------------------------------------------------------------------------
15301 w. 109TH Street, Lenexa, KS  66219  Phone: 913-647-0158 Fax:  913-647-0132
investorrelations@elecsyscorp.com

FOR IMMEDIATE RELEASE:

Contact: Karl B. Gemperli
         (913) 647-0158, Phone
         (913) 647-0132, Fax
         investorrelations@elecsyscorp.com


ELECSYS  CORPORATION  ANNOUNCES A CONSTRUCTION  AGREEMENT WITH ROSE CONSTRUCTION
COMPANY, INC.

Lenexa, Kansas (October 6, 2005) - Elecsys Corporation (AMEX: ASY), today
announced that it signed an agreement with Rose Construction Company, Inc. to
build a new production and headquarters facility for the Company in Olathe,
Kansas. The Company previously announced that it was planning a new facility for
both of its operating subsidiaries to allow for increases in production capacity
and efficiency. The building will be located in the K.C. Road Business Park, a
short distance from its current facilities, and will be approximately 60,100 sq
ft. The Company worked with the City of Olathe and has been approved for both
Industrial Revenue Bonds and a tax abatement to develop the project. The Company
believes that the facility will provide room for the projected growth of its
subsidiaries and anticipates moving to the new facility in Summer 2006.

Karl Gemperli, President and Chief Executive Officer, commented, "We are very
excited about our new facility in Olathe and look forward to working with Rose
Construction Company and the City. We believe that the size and design of our
new facility will allow for our continued growth and increase our production
efficiency."

Chris Herre, President of Rose Construction Company, Inc., also added, "We are
looking forward to working with the Elecsys team on this project. Their new high
technology manufacturing facility will be a great addition to our K.C. Road
Business Park and we expect to break ground soon."

Elecsys Corporation is a publicly traded holding company with two wholly owned
subsidiaries, DCI, Inc. and NTG, Inc. DCI designs, manufactures, and integrates
custom electronic interface solutions for original equipment manufacturers in
the medical, aerospace, communications, industrial product, and other
industries. DCI has specialized capabilities to design and efficiently
manufacture custom electronic assemblies which integrate a variety of interface
technologies, such as custom liquid crystal displays, light emitting diode
displays, and keypads, with circuit boards and other electronic components. NTG
designs, markets, and provides remote monitoring solutions for the gas and oil
pipeline industry as well as other





industries requiring remote monitoring solutions. For more information, visit
our website at www.elecsyscorp.com.

Safe-Harbor statement: The discussions set forth in this press release may
contain forward-looking comments based on current expectations that involve a
number of risks and uncertainties. Actual results could differ materially from
those projected or suggested in the forward-looking comments. The difference
could be caused by a number of factors, including, but not limited to the
factors and conditions that are described in Elecsys Corporation's SEC filings,
including the Form 10-KSB for the year ended April 30, 2005. The reader is
cautioned that Elecsys Corporation does not have a policy of updating or
revising forward-looking statements and thus he or she should not assume that
silence by management of Elecsys Corporation over time means that actual events
are bearing out as estimated in such forward-looking statements.


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-----END PRIVACY-ENHANCED MESSAGE-----