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
8, 2010
MEASUREMENT
SPECIALTIES, INC.
(Exact
name of registrant as specified in its charter)
New
Jersey
|
1-11906
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22-2378738
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(State
or other
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(Commission
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(IRS
Employer
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jurisdiction
of
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File
Number)
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Identification
No.)
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incorporation)
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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):
o
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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Pre-commencement
communications pursuant to Rule 13e-4(c)under the Exchange Act (17 CFR
240.13e- 4(c))
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On
September 8, 2010, Measurement
Specialties, Inc. (the “Company”), pursuant to a share purchase agreement dated
September 8, 2010 (the “Agreement”), among the Company, and the stockholders of
Pressure Systems, Inc. (“PSI”), Esterline Technologies Corporation,
acquired all the capital stock of PSI for approximately $25 million in
cash. PSI, based in Hampton, Virginia, is a global leader in pressure
sensing instrumentation for the aerospace research industry, and for water
monitoring within operational and resource management
applications. The transaction was funded from a combination of
available cash on hand and borrowings under the Company’s Senior Secured Credit
facility. The Agreement contains
customary representations, warranties and indemnification rights and obligations
of the parties.
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 2.03 Creation of a Direct Financial
Obligation or an Obligation under an Off-Balance Sheet Arrangement of a
Registrant.
The
information required by this Item is included in Item 1.01 and incorporated
herein by reference.
The following exhibits are filed as part
of this report:
99.1
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Press release issued by
Measurement Specialties, Inc., dated September 8,
2010.
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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.
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Measurement
Specialties, Inc.
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(Registrant)
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/s/
Mark Thomson
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Mark
Thomson
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Chief
Financial Officer
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Date:
September 8, 2010