Attached files
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): February 22, 2011
ORBIT INTERNATIONAL CORP.
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(Exact Name of Registrant as Specified in Its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation or Organization)
0-3936 11-1826363
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(Commission File Number) (IRS Employer Identification No.)
80 Cabot Court, Hauppauge, New York 11788
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(Address of Principal Executive Offices, Including Zip Code)
(631) 435-8300
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(Registrant's Telephone Number, Including Area Code)
(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
As previously reported on Orbit International Corp.'s (the "Company")
Annual Report on Form 10-KSB for the fiscal year ended December 31, 2000 and
filed on March 30, 2001, on February 26, 2001, the Company entered into a twelve
year Net Lease (the "Lease") with 80 Cabot Realty LLC (the "Landlord") for the
premises located at 80 Cabot Court, Hauppauge, New York 11788.
On February 22, 2011, the Company and the Landlord entered into a First
Amendment to Lease, dated as of January 1, 2011 (the "Amendment"), pursuant to
which the term of the Lease was extended until December 31, 2019. The option to
extend the Lease in 2013 through 2025 was deleted in its entirety. The
Amendment provides for an annual rent payment of $390,000 commencing January 1,
2011 with nine (9%) percent increases every three years until the end of the
term.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits.
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10.1 First Amendment to Lease dated as of January 1, 2011.
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.
ORBIT INTERNATIONAL CORP.
Date: February 24, 2011 By: /s/ Mitchell Binder
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Mitchell Binder, Chief Executive Officer