Electro Technik Industries, Inc. Schedule 13D

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D
(Rule 13d-101)

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)

 

Under the Securities Exchange Act of 1934

(Amendment No. ______)*

 

Aerosonic Corporation

(Name of Issuer)

 

Common Stock, $.40 par value

(Title of Class of Securities)

 

008015307

(CUSIP Number)

 

Roger C. Mayo, President

Electro Technik Industries, Inc.

12449 Enterprise Boulevard

Largo, Florida 33773

(727) 536-7861

 

With a Copy to:

 

Michael T. Cronin, Esq.
Johnson, Pope, Bokor, Ruppel & Burns, LLP
911 Chestnut Street
Clearwater, Florida 33756
(727) 461-1818

(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)

 

December 24, 2008

(Date of Event Which Requires Filing of this Statement)

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.    o

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See §240.13d-7 for other parties to whom copies are to be sent.

 

*  The remainder of this cover page shall be filled out for a Reporting Person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). 




1.

NAMES OF REPORTING PERSONS
Electro Technik Industries, Inc.

 

 

 

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)

(a)o
(b)o

 

 

3.

SEC USE ONLY

 

 

4.

SOURCE OF FUNDS (See Instructions)
WC

 

 

 

5.

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(D) OR 2(E)

o

 

 

6.

CITIZENSHIP OR PLACE OF ORGANIZATION
Florida

 

 

 

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH

 

7.

SOLE VOTING POWER
486,000
 

 

8.

SHARED VOTING POWER
0
 

 

9.

SOLE DISPOSITIVE POWER
486,000
 

 

10.

SHARED DISPOSITIVE POWER
0
 

11.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
486,000
 

 

 

 

12.

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
 

o

 

 

13.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.5%
 

 

 

14.

TYPE OF REPORTING PERSON (See Instructions)
CO
 

 

 

2

 




Item 1.  

Security and Issuer

 

This Statement on Schedule 13D (this “Schedule 13D”) relates to the common stock, $.40 par value (the “Common Stock”), of Aerosonic Corporation, a Florida corporation (the “Issuer”), having its principal executive offices at 1212 North Hercules Avenue, Clearwater, Florida 33765.

 

Item 2.  

Identity and Background

 

This Schedule 13D is being filed by Electro Technik Industries, Inc., a Florida corporation (“ETI” or the “Reporting Person”).  The address of the principal business office of ETI is 12449 Enterprise Boulevard, Largo, Florida 33773.

 

The principal business of ETI is the development and manufacturing of microwave, resistors and magnetic products for commercial and military markets.

 

The name, present principle occupation or employment, present business address and country of citizenship of each director and executive officer of ETI is set forth on Schedule I attached hereto.

 

During the past five years, neither ETI nor, to the best of ETI’s knowledge, any director or executive officer of ETI, has been (i) convicted of in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

 

Item 3.  

Source and Amount of Funds or Other Consideration

 

An aggregate of 486,000 shares of Common Stock reported in this Schedule 13D as being beneficially owned by ETI were acquired in open market purchases.  The aggregate purchase price for the shares of Common Stock purchased by ETI in open market purchases was $201,235.72.  The source of funding for the purchases of such shares was the general working capital of ETI. See Item 5(c) for additional details.

 

Item 4.  

Purpose of Transaction

 

ETI acquired the shares of Common Stock for investment purposes. ETI intends to assess its investments in the Issuer from time to time on the basis of various factors, including, without limitation, the Issuer’s business, financial condition, results of operations and prospects, general economic, market and industry conditions, including the market price of the Common Stock, as well as other developments and other investment opportunities. Depending upon the foregoing factors or any other factors deemed relevant by ETI, it or its affiliates may acquire additional shares of Common Stock in open market transactions, privately negotiated transactions or otherwise. ETI may also determine to dispose of all or part of the shares of Common Stock in open market transactions, privately negotiated transactions or otherwise. Although ETI’s current purchase of the Issuer’s Common Stock has been made for investment, ETI’s ongoing assessment of the Issuer’s operating performance, strategic directions or other matters, could result in or related to, among other things, any of the matters set forth in subparagraphs (a) through (j) of Item 4 of Schedule 13D. Except as described herein, ETI does not have any present plans or proposals that would result in, or relate to, any of the matters set forth in subparagraphs (a) through (j) of Item 4 of Schedule 13D.

 

Item 5.  

Interest in Securities of the Issuer

 

(a), (b)  According to the Issuer’s Quarterly Report on Form 10-Q for the Quarter Ended October 31, 2008, there were 3,598,552 shares of Common Stock outstanding as of October 31, 2008.  Based on such information and including the transactions described in Item 5(c) below, ETI reports beneficial ownership of 486,000 shares of Common Stock, which represents approximately 13.5% of the total number of issued and outstanding shares of Common Stock.  Voting and dispositive power with respect to such shares of Common Stock is held solely by ETI.

 

 

3




 

(c)  During the last sixty (60) days, ETI purchased shares of the Issuer’s Common Stock in open market purchases as summarized on Schedule 2.

 

Other than the transactions disclosed above, neither ETI nor, to the best of ETI’s knowledge, any director or executive officer of ETI, has engaged in any transactions in shares of Common Stock in the last sixty (60) days.

 

(d), (e)  Not applicable.

 

Item 6.   

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

 

ETI is a closely-held family business. Each shareholder of ETI disclaims beneficial ownership of ETI assets, including the Issuer’s Common Stock, beyond each ETI shareholder’s respective percentage ownership interest in ETI.

 

There are no other contracts, arrangements, understandings or relationships (legal or otherwise) between ETI or, to the best of ETI’s knowledge, any director or executive officer of ETI, and any person with respect to any securities of the Issuer, including but not limited to, transfer or voting of any of the securities of the Issuer, finder’s fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies.

 

Item 7.  

Material to Be Filed as Exhibits

 

None

 

4

 




Signature

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

Dated: December 31, 2008

ELECTRO TECHNIK INDUSTRIES, INC.

 

 

 

By:

/s/ Roger C. Mayo
President

 

 

 

5

 




 

SCHEDULE I

 

ELECTRO TECHNIK INDUSTRIES, INC.

DIRECTORS AND EXECUTIVE OFFICERS

 

Name

 

Present

Principal Occupation

 

Present

Business Address

 

Country of Citizenship

Roger C. Mayo

 

President/Director

 

Electro Technik Industries, Inc.

12449 Enterprise Boulevard

Largo, FL 33773

 

USA

Geraldine R. Mayo

 

Secretary/Treasurer/Director

Housewife – wife of Roger C. Mayo

 

Electro Technik Industries, Inc.

12449 Enterprise Boulevard

Largo, FL 33773

 

USA

Darryl K. Mayo

 

Vice President/Director

Son of Roger C. Mayo

 

Electro Technik Industries, Inc.

12449 Enterprise Boulevard

Largo, FL 33773

 

USA

Cassandra M. Chiaro

 

Director

Housewife – daughter of Roger C. Mayo; sister of Darryl K. Mayo

 

Electro Technik Industries, Inc.

12449 Enterprise Boulevard

Largo, FL 33773

 

USA

 

 

6

 




Schedule 2

 

Date

 

# of Shares

 

Price per Share

 

Total

 

 

 

 

 

 

 

12/30/2008

Buy

1,000

 

$

0.550

 

$

550.00

 

12/29/2008

Buy

100

 

$

0.590

 

$

59.00

 

12/29/2008

Buy

1,000

 

$

0.590

 

$

590.00

 

12/29/2008

Buy

4,000

 

$

0.587

 

$

2,347.20

 

12/29/2008

Buy

3,200

 

$

0.553

 

$

1,768.96

 

12/29/2008

Buy

536

 

$

0.588

 

$

315.28

 

12/29/2008

Buy

1,000

 

$

0.570

 

$

570.00

 

12/29/2008

Buy

800

 

$

0.553

 

$

442.56

 

12/29/2008

Buy

1,000

 

$

0.590

 

$

590.00

 

12/29/2008

Buy

1,000

 

$

0.560

 

$

560.00

 

12/29/2008

Buy

100

 

$

0.590

 

$

59.00

 

12/29/2008

Buy

400

 

$

0.586

 

$

234.56

 

12/29/2008

Buy

1,000

 

$

0.580

 

$

580.00

 

12/29/2008

Buy

1,000

 

$

0.580

 

$

580.00

 

12/29/2008

Buy

400

 

$

0.590

 

$

236.00

 

12/29/2008

Buy

400

 

$

0.590

 

$

236.00

 

12/29/2008

Buy

5,078

 

$

0.553

 

$

2,809.15

 

12/29/2008

Buy

2,000

 

$

0.590

 

$

1,180.00

 

12/29/2008

Buy

6,700

 

$

0.560

 

$

3,752.00

 

12/29/2008

Buy

1,600

 

$

0.586

 

$

936.96

 

12/29/2008

Buy

1,600

 

$

0.586

 

$

936.96

 

12/29/2008

Buy

222

 

$

0.540

 

$

119.88

 

12/26/2008

Buy

25,000

 

$

0.300

 

$

7,500.00

 

12/26/2008

Buy

200

 

$

0.550

 

$

110.00

 

12/26/2008

Buy

14,560

 

$

0.520

 

$

7,571.20

 

12/26/2008

Buy

200

 

$

0.543

 

$

108.50

 

12/26/2008

Buy

6,000

 

$

0.310

 

$

1,860.00

 

12/26/2008

Buy

100

 

$

0.525

 

$

52.50

 

12/26/2008

Buy

5,000

 

$

0.550

 

$

2,750.00

 

12/26/2008

Buy

2,600

 

$

0.550

 

$

1,430.00

 

12/26/2008

Buy

6,900

 

$

0.380

 

$

2,622.00

 

12/26/2008

Buy

7,000

 

$

0.290

 

$

2,030.00

 

12/26/2008

Buy

500

 

$

0.560

 

$

280.00

 

12/26/2008

Buy

1,000

 

$

0.510

 

$

510.00

 

12/26/2008

Buy

500

 

$

0.560

 

$

280.00

 

12/26/2008

Buy

600

 

$

0.430

 

$

258.00

 

12/26/2008

Buy

100

 

$

0.535

 

$

53.50

 

12/26/2008

Buy

500

 

$

0.380

 

$

190.00

 

12/26/2008

Buy

9,400

 

$

0.450

 

$

4,230.00

 

12/26/2008

Buy

8,100

 

$

0.360

 

$

2,916.00

 

12/26/2008

Buy

10,000

 

$

0.450

 

$

4,500.00

 

12/26/2008

Buy

2,000

 

$

0.550

 

$

1,100.00

 

12/26/2008

Buy

4,604

 

$

0.300

 

$

1,381.20

 

12/26/2008

Buy

5,000

 

$

0.530

 

$

2,650.00

 

12/26/2008

Buy

2,500

 

$

0.490

 

$

1,225.00

 

12/26/2008

Buy

11,323

 

$

0.350

 

$

3,963.05

 

12/26/2008

Buy

8,301

 

$

0.450

 

$

3,735.45

 

12/26/2008

Buy

2,500

 

$

0.550

 

$

1,375.00

 

 


7




Date

 

# of Shares

 

Price per Share

 

Total

 

 

 

 

 

 

 

12/26/2008

Buy

600

 

$

0.330

 

$

198.00

 

12/26/2008

Buy

5,000

 

$

0.340

 

$

1,700.00

 

12/26/2008

Buy

20,000

 

$

0.440

 

$

8,800.00

 

12/26/2008

Buy

400

 

$

0.510

 

$

204.00

 

12/26/2008

Buy

2,500

 

$

0.510

 

$

1,275.00

 

12/24/2008

Buy

2,900

 

$

0.290

 

$

841.00

 

12/24/2008

Buy

20,000

 

$

0.390

 

$

7,800.00

 

12/24/2008

Buy

13,750

 

$

0.400

 

$

5,500.00

 

12/24/2008

Buy

3,500

 

$

0.370

 

$

1,295.00

 

12/24/2008

Buy

5,500

 

$

0.390

 

$

2,145.00

 

12/24/2008

Buy

3,000

 

$

0.390

 

$

1,170.00

 

12/24/2008

Buy

2,500

 

$

0.300

 

$

750.00

 

12/24/2008

Buy

2,500

 

$

0.350

 

$

875.00

 

12/24/2008

Buy

900

 

$

0.340

 

$

306.00

 

12/24/2008

Buy

2,100

 

$

0.280

 

$

588.00

 

12/24/2008

Buy

1,900

 

$

0.360

 

$

684.00

 

12/24/2008

Buy

20,000

 

$

0.250

 

$

5,000.00

 

12/24/2008

Buy

15,000

 

$

0.500

 

$

7,500.00

 

12/24/2008

Buy

8,700

 

$

0.390

 

$

3,393.00

 

12/24/2008

Buy

2,000

 

$

0.390

 

$

780.00

 

12/24/2008

Buy

1,500

 

$

0.400

 

$

600.00

 

12/24/2008

Buy

2,000

 

$

0.370

 

$

740.00

 

12/24/2008

Buy

2,000

 

$

0.330

 

$

660.00

 

12/24/2008

Buy

25,000

 

$

0.290

 

$

7,250.00

 

12/24/2008

Buy

2,500

 

$

0.440

 

$

1,100.00

 

12/24/2008

Buy

15,000

 

$

0.250

 

$

3,750.00

 

12/24/2008

Buy

11,300

 

$

0.400

 

$

4,520.00

 

12/24/2008

Buy

5,000

 

$

0.350

 

$

1,750.00

 

12/24/2008

Buy

2,500

 

$

0.390

 

$

975.00

 

12/24/2008

Buy

2,500

 

$

0.380

 

$

950.00

 

12/24/2008

Buy

5,000

 

$

0.290

 

$

1,450.00

 

12/24/2008

Buy

5,000

 

$

0.450

 

$

2,250.00

 

12/24/2008

Buy

15,000

 

$

0.390

 

$

5,850.00

 

12/24/2008

Buy

5,000

 

$

0.320

 

$

1,600.00

 

12/24/2008

Buy

726

 

$

0.380

 

$

275.88

 

12/24/2008

Buy

500

 

$

0.350

 

$

175.00

 

12/23/2008

Buy

2,600

 

$

0.520

 

$

1,352.00

 

12/23/2008

Buy

100

 

$

0.560

 

$

56.00

 

12/22/2008

Buy

4

 

$

0.530

 

$

2.12

 

12/22/2008

Buy

100

 

$

0.550

 

$

55.00

 

12/22/2008

Buy

300

 

$

0.520

 

$

156.00

 

12/22/2008

Buy

1,496

 

$

0.540

 

$

807.84

 

12/22/2008

Buy

600

 

$

0.540

 

$

324.00

 

12/19/2008

Buy

1,900

 

$

0.490

 

$

931.00

 

12/19/2008

Buy

3,000

 

$

0.500

 

$

1,500.00

 

12/18/2008

Buy

2,600

 

$

0.510

 

$

1,326.00

 

12/17/2008

Buy

2,400

 

$

0.500

 

$

1,200.00

 

12/17/2008

Buy

2,000

 

$

0.500

 

$

1,000.00

 

12/17/2008

Buy

1,759

 

$

0.500

 

$

879.50

 

12/17/2008

Buy

2,000

 

$

0.490

 

$

980.00

 

12/17/2008

Buy

500

 

$

0.500

 

$

250.00

 

12/17/2008

Buy

241

 

$

0.480

 

$

115.68

 

 


8




Date

 

# of Shares

 

Price per Share

 

Total

 

 

 

 

 

 

 

12/16/2008

Buy

1,000

 

$

0.550

 

$

550.00

 

12/12/2008

Buy

500

 

$

0.740

 

$

370.00

 

 

 

 

 

$

0.00

 

12/12/2008

Buy

-2,000

 

 

 

$

0.00

 

12/12/2008

Buy

100

 

$

0.750

 

$

75.00

 

12/12/2008

Buy

200

 

$

0.750

 

$

150.00

 

12/12/2008

Buy

500

 

$

0.720

 

$

360.00

 

 

 

 

 

$

490.00

 

12/12/2008

Buy

1,000

 

$

0.490

 

$

0.00

 

 

 

 

 

$

980.00

 

12/11/2008

Buy

200

 

$

0.570

 

$

114.00

 

12/11/2008

Buy

100

 

$

0.500

 

$

50.00

 

12/11/2008

Buy

600

 

$

0.550

 

$

330.00

 

12/11/2008

Buy

300

 

$

0.580

 

$

174.00

 

12/11/2008

Buy

3,500

 

$

0.490

 

$

1,715.00

 

12/11/2008

Buy

500

 

$

0.530

 

$

265.00

 

12/10/2008

Buy

6,500

 

$

0.500

 

$

3,250.00

 

12/10/2008

Buy

300

 

$

0.510

 

$

153.00

 

12/10/2008

Buy

2,500

 

$

0.490

 

$

1,225.00

 

12/9/2008

Buy

2,000

 

$

0.490

 

$

980.00

 

12/9/2008

Buy

2,600

 

$

0.500

 

$

1,300.00

 

12/9/2008

Buy

1,000

 

$

0.500

 

$

500.00

 

12/9/2008

Buy

3,700

 

$

0.490

 

$

1,813.00

 

12/9/2008

Buy

2,000

 

$

0.490

 

$

980.00

 

12/9/2008

Buy

3,000

 

$

0.500

 

$

1,500.00

 

12/8/2008

Buy

2,500

 

$

0.490

 

$

1,225.00

 

12/8/2008

Buy

2,400

 

$

0.460

 

$

1,104.00

 

12/8/2008

Buy

2,000

 

$

0.460

 

$

920.00

 

12/8/2008

Buy

1,500

 

$

0.500

 

$

750.00

 

12/5/2008

Buy

1,000

 

$

0.500

 

$

500.00

 

12/5/2008

Buy

1,600

 

$

0.500

 

$

800.00

 

12/5/2008

Buy

1,400

 

$

0.480

 

$

672.00

 

12/5/2008

Buy

1,500

 

$

0.450

 

$

675.00

 

12/5/2008

Buy

500

 

$

0.500

 

$

250.00

 

12/5/2008

Buy

2,600

 

$

0.480

 

$

1,248.00

 

12/4/2008

Buy

1,700

 

$

0.500

 

$

850.00

 

12/4/2008

Buy

600

 

$

0.490

 

$

294.00

 

12/4/2008

Buy

290

 

$

0.500

 

$

145.00

 

12/4/2008

Buy

1,510

 

$

0.480

 

$

724.80

 

12/4/2008

Buy

1,250

 

$

0.500

 

$

625.00

 

12/4/2008

Buy

600

 

$

0.490

 

$

294.00

 

12/4/2008

Buy

1,000

 

$

0.500

 

$

500.00

 

12/4/2008

Buy

600

 

$

0.490

 

$

294.00

 

12/4/2008

Buy

1,900

 

$

0.480

 

$

912.00

 

12/4/2008

Buy

650

 

$

0.500

 

$

325.00

 

12/4/2008

Buy

1,300

 

$

0.480

 

$

624.00

 

12/4/2008

Buy

2,000

 

$

0.480

 

$

960.00

 

 


9