8-K

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) — July 17, 2007

BELL INDUSTRIES, INC.

(Exact name of Registrant as specified in its Charter)

California	001-11471	95-2039211
(State or Other Jurisdiction of Incorporation or Organization)	(Commission File Number)	(I.R.S. Employer Identification No.)
8888 Keystone Crossing, Suite #1700, Indianapolis, IN		46240
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code: (317) 704-6000

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:

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 8.01. Other Events.

     As describe in the press release attached hereto as Exhibit 99.1, on June 17, 2007, Bell Industries, Inc. (the “Company”) announced that it will be closing its Springfield, MO call center effective immediately after receiving notification that the facility’s sole customer, SunRocket, Inc., an Internet phone service provider, is ceasing most of its operations at this time and is no longer sending customer calls to the facility.

     The Company is owed approximately $2.6 million in unpaid accounts receivable from SunRocket. The Company’s lease of the call center facility (the “Facility Lease”) continues until December 2009 and requires approximately $125,000 per month in lease and utilities payments. The Company is currently evaluating its options with respect to the Facility Lease.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

99.1- Press Release issued on July 17, 2007.

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.

	BELL INDUSTRIES, INC.
Date: July 20, 2007	By:	/s/ Kevin J. Thimjon
		Name:	Kevin J. Thimjon
		Title:	Chief Financial Officer

EXHIBIT INDEX

Exhibit Number	Description
99.1	Press Release issued on July 17, 2007.

EX-99.1

Exhibit 99.1

CONTACT:

Bell Industries, Inc.
Kevin Thimjon, CFO
317-704-6000

PondelWilkinson Inc.
Roger S. Pondel/Angie H. Yang
310-279-5980

BELL INDUSTRIES CLOSES SPRINGFIELD CALL CENTER

Indianapolis, IN — July 17, 2007 — Bell Industries, Inc. (AMEX:BI) today announced that the company will be closing its Springfield, MO call center effective immediately after receiving notification that the facility’s sole customer, SunRocket, Inc., an Internet phone service provider, is ceasing most of its operations at this time and is no longer sending customer calls to the facility.

Bell eliminated 246 jobs effective at the end of the business day yesterday as a result of the closing of the Springfield call center. The Springfield call center was opened in July 2006 primarily to serve SunRocket and had not yet reached profitability.

“We regret the measures we were required to take with respect to the Springfield call center, which were precipitated by the unexpected actions of a customer,” said Clinton J. Coleman, a director at Bell who is currently serving as interim chief executive officer. “We are currently evaluating our alternatives for utilizing the Springfield call center.”

About Bell Industries, Inc.

     Bell Industries is comprised of three diversified operating units, Bell Technology Solutions business, SkyTel and its Recreational Products Group. The company’s Technology Solutions business offers a comprehensive portfolio of customizable and scalable technology solutions ranging from customer-relationship management (CRM) and managed technology services to reverse logistics and mobile/wireless solutions. SkyTel provides nationwide wireless data and messaging services, including email, interactive two-way messaging, wireless telemetry services and traditional text and numeric paging. Recreational Products Group is a wholesale distributor of after market parts and accessories for the recreational vehicles and other leisure-related vehicle market, including marine, snowmobile, cycle and ATV.

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