-----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, GlJ5NRuLYLVylk61c9KzZR8FUIwKPxhhXR8bnZpmQJGHD7zcQzmrajNQjtWZ2X/H xT9a/jWn1qTl1F3PX//JRw== 0000922907-08-000546.txt : 20080805 0000922907-08-000546.hdr.sgml : 20080805 20080805091540 ACCESSION NUMBER: 0000922907-08-000546 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20080805 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: 20080805 DATE AS OF CHANGE: 20080805 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: 08989834 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_080508.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)         August 5, 2008
                                                --------------------------------

                               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.)
                                                                                                                                                  6
      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)





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 Derek (Jay) Gillam
has  been  appointed  the new  Vice-President  of  Business  Development  of the
Company's DCI subsidiary.

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

     (i)  annual compensation consisting of a base salary of $105,000;

     (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  (August  4,  2008) and  vesting in
          equal parts on each of August 4, 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 hiring of Mr. Gillam 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 August 5, 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:  August 5, 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 August 5, 2008


EX-99.1 2 form8kexh991_080508.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:


                 ELECSYS CORPORATION APPOINTS NEW VICE PRESIDENT
                    OF BUSINESS DEVELOPMENT AT DCI SUBSIDIARY


Olathe, Kansas (August 5, 2008) - Elecsys Corporation (AMEX: ASY), announced
today that Derek (Jay) Gillam has joined the Company's DCI subsidiary as the new
Vice President of Business Development.

Prior to joining DCI, Mr. Gillam managed the commercial division of Peterson
Manufacturing Company, a $300 million provider of vehicle safety lighting
systems located in Grandview, Missouri. Prior to that, he spent 18 years in
various sales, marketing, and business development roles at several
organizations such as Hall-Kimbrell Environmental Services and International
Harvester. Mr. Gillam holds a bachelor's degree in business administration from
the University of Kansas.

"Jay's extensive background in business development, sales and marketing for the
design and manufacturing of custom electronic products makes him a valuable
addition to DCI, as we continue to focus on steady growth in the niche sectors
of the vast electronic design and manufacturing services market," said Karl B.
Gemperli, Elecsys Chief Executive Officer. "Our team is looking forward to
working with Jay during this exciting time at DCI."

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 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, 2008. 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.

                                      # # #


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

Media Inquiries Contact:      Shelley Bartkoski
                              Hagen and Partners
                              (913) 642-3715
                              sbartkoski@hagenandpartners.com


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