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): March 12, 1999
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, address and fiscal year, if changed since last report)
Page 1 of 3 Pages
ITEM 5. OTHER EVENTS
On March 12, 1999, the board of directors of registrant, pursuant to
its current policy for payment of cash dividends, declared a cash dividend. The
cash dividend is in the per share amount of $0.10 on the common stock of the
registrant, payable on June 1, 1999 to stockholders of record of such stock at
the close of business on April 30, 1999.
Registrant's cash dividend policy calls for the declaration and payment
of such dividends to holders of registrant's common stock:
a. Subject to the discretion and satisfaction of registrant's
board of directors with registrant's financial condition, the
results of its operations, and its prospects for future
investments in growth, at the times of the declarations of
such dividends; and
b. Subject to the discretion and satisfaction of the board as
aforesaid in declaring such dividends, to be paid on each of
June 1 and December 1 to the shareholders of record,
respectively, at the close of business on April 30 and October
31.
Further, on March 12, 1999, the board of directors of registrant
amended the by-laws of the registrant to increase the number of members of the
board of directors from six members to seven members. In order to fill the
vacancy created by the foregoing amendment of the by-laws, the board of
directors appointed Admiral Robert Foley to serve on the board of directors of
registrant effective as of March 12, 1999 until the next annual meeting of the
shareholders or until his successor is duly elected and assumes office.
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: April 12, 1999