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) - August 23, 2002
IEC Electronics Corp.
(Exact name of Registrant as Specified in its Charter)
Delaware
(State or other jurisdiction of Incorporation)
0-6508 13-3458955
(Commission File Number) (IRS Employer Identification No.)
105 Norton Street, Newark, New York 14513
(Address of Principal Executive Offices)
(315) 331-7742
(Registrant's Telephone Number, including Area Code)
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Item 5. Other Events
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In August 2002, the Registrant settled its litigation with Acterna
Corporation ("Acterna") and, accordingly, discontinued the action it had
commenced against Acterna in November 2001. In the action, the Registrant had
asserted claims for unpaid invoices and breach of contract. Under the terms of
the settlement agreement, the Registrant will receive $3.1 million between
August 23, 2002 and October 1, 2003.
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 hereunto duly authorized.
IEC Electronics Corp.
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(Registrant)
Date: September 6, 2002 By:/s/ W. Barry Gilbert
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W. Barry Gilbert,
Chief Executive Officer
& Chairman of the Board
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