ars_repurchase.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing
 

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):  January 6, 2009
 

PERFORMANCE TECHNOLGIES, INCORPORATED
(Exact name of registrant as specified in its charter)

 
         
Delaware
(State or other jurisdiction
of incorporation)
  
02-27460
(Commission
File Number)
  
16-1158413
(IRS Employer
Identification No.)
         
205 Indigo Creek Drive
 Rochester, New York
  
 
14626
(Address of principal executive offices)
  
(Zip Code)


(585) 256-0200   
(Registrant’s telephone number, including area code)
 
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 2.01 Completion of Acquisition or Disposition of Assets

On January 6, 2009, Performance Technologies, Incorporated (“the Company”) completed the disposition of its single auction rate municipal security. Pursuant to an offer made to the Company in October 2008 and accepted by the Company in November 2008, the brokerage firm that sold this security to the Company has purchased the security from the Company at its par value of $2,450,000. This security was most recently valued by the Company at $2,155,000; the Company anticipates that the associated unrealized loss of $295,000 ($189,000 net of tax) will be reversed in its fourth quarter 2008 financial statements.

 

 

 

 

 

 

 

 

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 thereunto duly authorized.

  PERFORMANCE TECHNOLOGIES, INCORPORATED
 
January 9, 2009 By: /s/  John M. Slusser 
    John M. Slusser 
    President and Chief Executive Officer
     
 
January 9, 2009  By: /s/  Dorrance W. Lamb 
    Dorrance W. Lamb 
    Senior Vice President and Chief Financial Officer