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: October 13, 2005
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Micropac Industries, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 0-5109 75-225149
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(State or other jurisdiction (Commission File Number) (IRS employer
of incorporation) Identification No.)
905 East Walnut Street, Garland, Texas 75040
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Address of principal executive offices Zip Code
Registrant's telephone number, including area code: (972) 272-3571
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N/A
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(Former name or former address, if changed since last report)
Item 5.02 Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers.
Ms. Connie Wood, Chief Executive Officer of Micropac Industries, Inc., has
announced her retirement effective October 12, 2005 after more than 36 years of
service. Ms. Wood, 66, will remain with the Company on a consulting basis
through the end of the year, and will continue to serve on the Board of
Directors. In February 2002, Ms. Wood was elected to the Board of Directors, and
in May 2002 was elected Chief Executive Officer of the Company. Prior to May
2002, Ms. Wood was President and Chief Operating Officer of the Company.
The board of directors elected Mr. Mark King, 51, as President and Chief
Executive Officer to succeed Ms. Wood effective October 12, 2005. In, addition,
Mr. King was elected as a director to the board. Mr. King has been an Executive
Vice President and Chief Operating Officer of Micropac Industries, Inc. since
November of 2002.
This change in leadership is consistent with the board of director's succession
plan developed three (3) years ago when Mr. King joined the Company.
Mr. King has 27 years senior management experience in design, development,
manufacturing, and business development serving the advanced electronics
industry, including 22 years with Texas Instruments, Inc. and later Raytheon
through acquisition. He has a BS degree in Mechanical Engineering and a Master's
degree in Business Administration. Mr. King joined Micropac Industries, Inc. on
November 11, 2002, where he has served as the company's Executive Vice President
and Chief Operating Officer.
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.
Dated 10/13/2005 MICROPAC INDUSTRIES, INC.
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(Registrant)
/s/ Patrick S. Cefalu
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(Signature)
Patrick S. Cefalu
Chief Financial Officer