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: August 23, 2007
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(Date of earliest event reported)
AMERICAN TECHNICAL CERAMICS CORP.
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(Exact Name of Registrant as Specified in its Charter)
DELAWARE 1-9125 11-2113382
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
ONE NORDEN LANE, HUNTINGTON STATION, NY 11746
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(Address of Principal Executive Offices)
(631) 622-4700
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(Registrant's telephone number, including area code)
Not Applicable
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(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:
[ ] 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 August 23, 2007, American Technical Ceramics Corp. (the "Company") and
Stepar Leasing, LLC, a company owned by Victor Insetta, the Company's President,
Chief Executive Officer, Chairman of the Board and principal stockholder
("Stepar Leasing"), entered into a letter agreement (the "Letter Agreement")
confirming in writing, as required by the Lease, dated September 1, 2002,
between the Company, as tenant, and Stepar Leasing, as landlord, relating to the
premises occupied by the Company at 15 Stepar Place, Huntington Station, New
York (the "Lease"), their agreement that the annual net rental payable during
the first renewal term under the Lease will remain $454,690, the annual net
rental currently payable by the Company under the Lease. The Company previously
exercised its first renewal option under the Lease extending the terms
thereunder to September 1, 2012. Pursuant to the terms of the Lease, the annual
net rental for the first renewal term is to be the greater of (i) the annual net
rental payable by the Company during calendar year 2006, and (ii) the fair
market value rental of the premises to be determined jointly by the Company and
Stepar Leasing.
Item 2.02 Results of Operations and Financial Condition
On August 24, 2007, the Company issued a press release, furnished as
Exhibit 99.1 and incorporated herein by reference, announcing its financial
results for its fourth fiscal quarter for the fiscal year ending June 30, 2007.
A copy of this press release is being furnished as Exhibit 99.1 to this Current
Report on Form 8-K.
The information in this Current Report on Form 8-K, including Exhibit 99.1,
shall not be deemed "filed" for the purposes of Section 18 of the Securities
Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to
the liability of that section, nor shall it be deemed incorporated by reference
in any filing under the Securities Act of 1933, as amended, or the Exchange Act,
except as shall be expressly stated by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits
The following exhibit is furnished with this report:
Exhibit No. Description
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99.1 Press Release, dated August 24, 2007
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.
AMERICAN TECHNICAL CERAMICS CORP.
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(Registrant)
/S/ ANDREW R. PERZ
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Date: August 24, 2007 Andrew R. Perz
Vice President, Finance
(Principal Accounting Officer)
EXHIBIT INDEX
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Exhibit No. Description
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99.1 Press Release, dated August 24, 2007