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EX-10.1 - NU HORIZONS ELECTRONICS CORP | v196811_ex10-1.htm |
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): September 14,
2010
Nu Horizons Electronics
Corp.
(Exact
name of registrant as specified in its charter)
DELAWARE
|
1-8798 | 11-2621097 | ||||
(State or other jurisdiction |
(Commission
|
(I.R.S. Employer | ||||
of incorporation) | File Number) | Identification No.) | ||||
70 Maxess Road, Melville, New York | 11747 | |||
(Address of principal executive offices) | (Zip Code) |
(631)
396-5000
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-14(c) under the Exchange Act (17 CFR
240.13e-4(c))
|
Item
1.01
|
Entry
into a Material Definitive
Agreement.
|
On
September 14, 2010, Nu Horizons Electronics Corp. (the “Company”) entered into a
Settlement Agreement with Lazar, Levine & Felix, LLP (“LLF”), Nazeleen
Sataur, Amiram Bielory, Michael Dinkes, and ParenteBeard
LLC (collectively “the LLF Parties”). Pursuant
to the Settlement Agreement, the LLF Parties shall cause to be paid to the
Company, on or before October 4, 2010, an aggregate one million nine hundred
thousand dollars ($1.9 million), upon which payment the Company and the LLF
Parties release one another from claims related to the arbitration proceeding
commenced by the Company against the LLF Parties.
LLF
previously served as the Company’s independent public accounting firm until
January 4, 2008. Ms. Sataur and Messrs. Bielory and Dinkes are former partners
of LLF.
Item
9.01
|
Financial
Statements and Exhibits.
|
(d)
|
Exhibits.
|
The following exhibit is filed
herewith:
Exhibit
No.
|
Description
|
|
10.1
|
Settlement
Agreement among Nu Horizons Electronics Corp., Lazar, Levine & Felix,
LLP, Nazeleen Sataur, Amiram Bielory, Michael Dinkes, and ParenteBeard
LLC
|
ii
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.
Nu Horizons Electronics Corp. | |||
(Registrant) | |||
Date: September 15,
2010
|
By:
|
/s/ Kurt Freudenberg | |
Name: | Kurt Freudenberg | ||
Title: | Executive Vice President - Finance | ||
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