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EX-10.1 - PURCHASE AGREEMENT - BK Technologies Corp | bkti_ex101.htm |
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 (Date of Earliest Event Reported): December
12, 2018
BK Technologies, Inc.
(Exact name of registrant as specified in its charter)
Nevada
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001-32644
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59-3486297
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(State or other jurisdiction
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(Commission
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(I.R.S. Employer
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of incorporation)
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File Number)
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Identification No.)
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7100 Technology Drive, West Melbourne, FL
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32904
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(Address of principal executive offices)
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(Zip Code)
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Registrant’s telephone number,
including area code: (321) 984-1414
N/A
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))
Indicate
by check mark whether the registrant is an emerging growth company
as defined in Rule 405 of the Securities Act of 1933
(§ 230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§ 240.12b-2 of this
chapter).
Emerging
growth company [ ]
If an
emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided
pursuant to Section 13(a) of the Exchange Act. [ ]
Item
1.01 Entry into a Material Definitive
Agreement.
On
December 12, 2018, BK Technologies, Inc. (the
“Company”) entered into a purchase agreement (the
“Agreement”) with Donald F.U. Goebert, a
greater-than-five percent shareholder of the Company, pursuant to
which the Company repurchased 200,000 shares of common stock of the
Company held by Mr. Goebert, at a price of $3.70 per share, for an
aggregate cash amount of $740,000. The transactions discussed in
this Current Report on Form 8-K (this “Form 8-K”) were
approved by the Board of Directors of the Company. The preceding
discussion of the Agreement is a summary only and is qualified by
reference to the terms of the Agreement, which is filed as Exhibit
10.1 to this Form 8-K and is incorporated herein by
reference.
Item
9.01
Financial
Statements and Exhibits.
(d)
Exhibits.
Purchase Agreement,
dated December 12, 2018, by and between the Company, as Purchaser,
and Donald F.U. Goebert, as Seller.
2
SIGNATURE
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.
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BK
TECHNOLOGIES, INC.
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Date:
December 13, 2018
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By:
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/s/ William P.
Kelly
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William P. Kelly |
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Executive Vice
President and Chief Financial
Officer
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