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
10, 2012
NAPCO
SECURITY TECHNOLOGIES, INC.
(Exact
name of registrant as specified in charter)
|
Delaware |
0-10004 |
11-2277818 |
||
|
(State or other jurisdiction of |
(Commission File |
(IRS Employer |
333
Bayview Avenue, Amityville, New York 11701
(Address
of principal executive offices)
Registrant's
telephone number, including area code (631) 842-9400
|
(Former name and former address if changed from 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 5.02. |
DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS |
| (e) |
On December 10, 2012 the registrant repurchased 128,588 shares of its Common Stock from its Chief Executive Officer, Richard Soloway. The purchase price was $3.38 per share, the previous business day’s closing price on NASDAQ, for an aggregate purchase price of $434,627.44. The repurchase was to fund Mr. Soloway’s tax liability associated with the exercise of 675,000 options granted to him under the registrant’s 2002 Employee Stock Option Plan. The repurchase by the registrant was approved by the Board of Directors of the registrant, including all of the independent directors. |
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 thereunder duly authorized.
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NAPCO SECURITY TECHNOLOGIES, INC. |
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| (Registrant) | ||||
| Date: | December 12, 2012 | By: |
/s/ Kevin S. Buchel |
|
|
Kevin S. Buchel |
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|
Senior Vice President and Chief Financial Officer |
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