Attached files
| file | filename |
|---|---|
| EX-99.1 - EXHIBIT 99.1 - Measurement Specialties Inc | v324780_ex99-1.htm |
| EX-99.2 - EXHIBIT 99.2 - Measurement Specialties Inc | v324780_ex99-2.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):
October 1, 2012
MEASUREMENT SPECIALTIES, INC.
(Exact name of registrant as specified in its charter)
| New Jersey | 1-11906 | 22-2378738 |
| (State or other | (Commission | (IRS Employer |
| jurisdiction of | File Number) | Identification No.) |
| incorporation) |
1000 Lucas Way, Hampton, VA 23666
(Address of principal executive offices) (Zip Code)
(757) 766-1500
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):
| £ | 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 1.01 Entry into a Material Definitive Agreement.
On October 1, 2012, Measurement Specialties, Inc. (the “Company”), pursuant to an asset purchase agreement, completed the acquisition of certain assets of Resistance Temperature Detector Company, Inc. (“RTD”) and its parent company Cambridge Technologies, Inc., a designer and manufacturer of temperature sensors and probes based in Ham Lake, MN, for $17.3 million in cash, subject to certain adjustments described in the asset purchase agreement. The asset purchase agreement contains customary representations, warranties and indemnification rights and obligations of the parties. The description of the purchase agreement set forth above is qualified in its entirety by the full text of that agreement, a copy of which is filed herewith as Exhibit 99.2 and is incorporated by reference.
Item 2.01 Completion of Acquisition or Disposition of Assets.
The information required by this Item is included in Item 1.01 and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
| (d) | Exhibits. |
The following exhibit is filed as part of this report:
| 99.1 | Press release issued by Measurement Specialties, Inc., dated October 1, 2012. |
| 99.2 | Asset Purchase Agreement for the acquisition of certain assets of Resistance Temperature Detector Company, Inc. (“RTD”) and its parent company Cambridge Technologies, Inc. by Measurement Specialties, Inc. |
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.
| Measurement Specialties, Inc. | |
| (Registrant) | |
| /s/ Mark Thomson | |
| Mark Thomson | |
| Chief Financial Officer |
Date: October 1, 2012