-----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, JT2jDknJD0zT7GipYR8qkPZ6hP6pu/DutbdV6XSB68zWU6zVkUbs/p4fQUcfgoT6 iObCBi2A5rsMwZ0fvItscQ== 0000922907-08-000487.txt : 20080623 0000922907-08-000487.hdr.sgml : 20080623 20080623170518 ACCESSION NUMBER: 0000922907-08-000487 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20080619 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080623 DATE AS OF CHANGE: 20080623 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: 08912661 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_062308.htm 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)    June 19, 2008
                                                          ----------------------



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


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

                   846 N. Mart-Way Court, Olathe, Kansas            66061
- --------------------------------------------------------------------------------
                  (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.)


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:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)

[ ] Soliciting  material  pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))




Item 5.02  Departure of Directors or Certain  Officers;  Election of  Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

     Elecsys Corporation (the "Company") announced today that Dave Wakefield has
been appointed the new President of its Radix Corporation subsidiary. Mr.
Wakefield previously served as the Vice President of International Business
Development of Radix. Jim Benson, the former President of Radix, will continue
to serve as a technology and market consultant for Radix.

     The Company has entered into a letter  agreement  with Mr.  Wakefield,  the
principle terms of which include:

     (i)  annual compensation consisting of a base salary of $130,000;

     (ii) a grant of 10,000 options to purchase the Company's common stock at an
          exercise  price equal to the  closing  market  price of the  Company's
          common stock on the date of grant (June 19, 2008) and vesting in equal
          parts on each of June 19 2009, 2010 and 2011;

     (iii) an annual bonus based  primarily on  profitability  goals approved by
          the Company's Board of Directors; and

     (iv) participation in all of the Company's employee benefit programs.

A press release announcing the appointment of Mr. Wakefield is attached hereto
as Exhibit 99.1.


Item 9.01  Financial Statements and Exhibits.

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

       99.1       Press Release dated June 23, 2008.




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.

 Date:  June 23, 2008            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 June 23, 2008



EX-99 2 form8k_062308991.htm EXHIBIT 99.1 Exhibit 99.1



                                               NEWS RELEASE

- --------------------------------------------------------------------------------
846 N. Mart-Way Court, Olathe, Kansas 66061            Phone: 913-647-0158
                                                       Fax:   913-647-0132

       investorrelations@elecsyscorp.com
FOR IMMEDIATE RELEASE:

Contact:          Todd A. Daniels
                  (913) 647-0158, Phone
                  (913) 647-0132, Fax
                  investorrelations@elecsyscorp.com


     ELECSYS CORPORATION APPOINTS NEW PRESIDENT AT RADIX SUBSIDIARY

Olathe,  Kansas (June 23, 2008) - Elecsys  Corporation  (AMEX:  ASY),  announced
today the  appointment  of Dave  Wakefield as the new president of the Company's
Radix Corporation subsidiary.  Mr. Wakefield originally joined Radix in November
2007  and  has  been  serving  as  Vice  President  of  International   Business
Development since then.

Prior to joining Radix,  Mr.  Wakefield was a partner for six years at Sustained
Advantage, Inc., a business development consulting firm based in Lenexa, Kansas.
Earlier,  Mr.  Wakefield  spent 24 years in  various  business  development  and
operations management roles at i-Factor, BCC and the Southland Corporation.  Mr.
Wakefield holds a bachelor's degree from the University of Kansas.

Karl  B.  Gemperli,  Elecsys'  Chief  Executive  Officer,   commented,   "Dave's
background in both business development and operations  management makes him the
ideal candidate to lead Radix into the future.  His broad experience in domestic
and international sales, coupled with his proven skills in business development,
will help  propel  Radix  into its next  phase of  growth.  The  leadership  and
initiative  Dave has  demonstrated  over the past eight  months  have  generated
significant new opportunities for expansion.  We continue to be confident in the
growth  potential  at Radix and I look  forward to working  with Dave in his new
role during this exciting period."

Jim Benson, the former president of Radix, will work closely with Mr. Wakefield
during the transition and serve as a technology and market consultant for Radix
in the future.

About Elecsys Corporation
Elecsys Corporation operates three wholly owned subsidiaries, DCI, Inc., NTG,
Inc., and Radix Corporation. DCI provides electronic design and manufacturing
services for original equipment manufacturers in the aerospace, transportation,
communications, safety, security and other industrial product industries. DCI
has specialized expertise and capabilities to integrate custom electronic
assemblies with a variety of innovative display and interface technologies. NTG
designs, markets, and provides remote monitoring solutions for the gas and oil
pipeline industry as well as other industries that require remote monitoring.
Radix develops, designs and markets ultra-rugged handheld computers, peripherals
and portable printers. The markets served by its products include utilities,
transportation logistics, traffic and parking enforcement, route
accounting/deliveries, and inspection and maintenance. For more information,
visit 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,  2006.  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-----