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
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Date of Report (Date of earliest event reported): April 15, 2011
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TELTRONICS, INC.
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(Exact name of registrant as specified in its charter)
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Delaware
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0-17893
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59-2937938
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification Number)
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2511 CORPORATE WAY
PALMETTO, FLORIDA 34221
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(Address of principal executive offices, including zip code)
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(941) 753-5000
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Registrant's telephone number, including area code:
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2510 Whitfield Industrial Way, Sarasota, Florida 34221
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(Former name or former address, if changed since last report.)
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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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
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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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Item 8.01.
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Other Events
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The Company is negotiating a possible transaction under which it could sell a portion of its maintenance contracts including the New York City Department of Education to a third party. The decision to negotiate the possible transaction was made to raise additional capital that will allow the Company to focus on its core products. The possible sale is subject to negotiation and execution of an Asset Purchase Agreement with no assurance that an Asset Purchase Agreement will be executed or if executed, the possible sale will occur. The Company is expected to continue to sell new systems and upgrades to the New York City Department of Education.
Our Annual Report on Form 10-K for the year ended December 31, 2010 will be filed late. We need additional time to finalize our annual Report on Form 10-K. At this time, we are uncertain when we will be in a position to file our annual Report on Form 10-K.
SIGNATURES
Pursuant to the requirements of the Securities and 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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TELTRONICS, INC.
(Registrant)
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Date: April 18, 2011
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By: /s/ Ewen R. Cameron
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Ewen R. Cameron
President and Chief Executive Officer
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