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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 14, 1997
FREQUENCY ELECTRONICS, INC.
(Exact name of registrant as specified in its charter)
Delaware 1-8061 11-1986657
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
55 Charles Lindbergh Blvd., Mitchel Field, NY 11553
(Address of principal executive offices) (Zip Code)
(516) 794-4500
(Registrant's telephone number, including area code)
None
(Former name, former address and former fiscal year,
if changed since last report)
Page 1 of 3 Pages
ITEM 5. OTHER EVENTS
On October 14, 1997, the board of directors of registrant declared a
cash dividend and a stock dividend on its common stock. Each of these dividends
will be payable on Monday, December 1, 1997 to stockholders of record as of the
close of business on Friday, October 31, 1997. The details of these dividends
are as follows:
The Cash Dividend: The cash dividend will be paid at the rate of $0.15
per share. The cash dividend will not apply to additional shares issued
by way of the stock dividend. With respect to the cash dividend,
registrant's common stock will be traded ex dividend commencing
Wednesday, October 29, 1997.
The Stock Dividend: The stock dividend will be paid at the rate of one
dividend share for two shares held. In the event a stockholder holds an
odd number of shares as of the record date, a fractional one-half share
will not be issued and, in lieu of a half-share, registrant will make a
cash payment on the payment date. The payment will be calculated at the
rate of one-third of the last per share sale price of the common stock
on the record date, October 31, 1997. With respect to the stock
dividend, registrant's common stock will be traded ex dividend
commencing Tuesday, December 2, 1997, and that due bills will be used
between the record date and payment date.
As of October 10, 1997 5,116,607 shares of common stock of registrant
were outstanding.
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.
FREQUENCY ELECTRONICS, INC.
By /s/ Joseph P. Franklin
--------------------------
JOSEPH P. FRANKLIN
Chairman of the
Board of Directors
Dated: October 14, 1997