Last $0.43 USD
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MFCO On Other Exchanges
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As of 8:10 PM 07/22/14 All times are local (Market data is delayed by at least 15 minutes).

microwave filter co inc (MFCO) Key Developments

Microwave Filter Co. Inc., Annual General Meeting, Mar 05, 2014

Microwave Filter Co. Inc., Annual General Meeting, Mar 05, 2014., at 10:00 US Eastern Standard Time. Location: the Best Western Plus Carrier Circle, 6555 Old Collamer Road South. Agenda: To consider the election of 3 directors to hold office until the Annual Meeting of the shareholders at which their term expires or until their successors have been duly elected; and to consider the ratification of the appointment of EFP Rotenberg, LLP, Certified Public Accountants, as the company's independent registered public accounting firm for the 2014 fiscal year.

Microwave Filter Co. Inc. Enters into Ten Year Term Loan with KeyBank National Association

On July 2, 2013, Microwave Filter Co. Inc. entered into a Ten Year Term Loan with KeyBank National Association in the amount of Five Hundred Thousand and No/100 Dollars ($500,000.00). The amount of all advances outstanding together with accrued interest there on shall be due and payable on July 2, 2023 ("Maturity"). The Company shall pay interest on the outstanding principal balance of this Note at the rate per annum equal to 4.5%. The net proceeds from the Term Loan will be available to provide working capital as needed. The company has secured this Note by: (a) a Mortgage, Assignment of Rents, Security Agreement and Fixture Filing which creates a 1 lien on real property situate in the Town of Dewitt, County of Onondaga, and State of New York and known as 6743 Kinne Street, East Syracuse, New York; (b) a General Assignment of Rents and Leases; (c) an Environmental Compliance and Indemnification; and (d) such other security as may now or hereafter be given to Lender as collateral for the loan.

Microwave Filter Co. Inc., Annual General Meeting, Apr 10, 2013

Microwave Filter Co. Inc., Annual General Meeting, Apr 10, 2013., at 10:00 US Eastern Standard Time. Location: Best Western Plus Carrier Circle. Agenda: To consider the election of directors to hold office until the annual meeting of the shareholders at which their term expires or until their successors have been duly elected; to consider the ratification of the appointment of EFP Rotenberg, LLP as the company's independent registered public accounting firm for the fiscal year 2013; to hold an advisory vote on executive compensation; to hold an advisory vote on the frequency of the advisory vote on executive compensation; and to consider a shareholder proposal described in the annexed proxy statement.

Microwave Filter Co. Inc. Announces Board Changes

On October 24, 2012, the Board of Directors of Microwave Filter Co. Inc. elected Robert Shiroki to serve as a director, effective immediately. It is expected that Mr. Shiroki will be appointed to serve on the Audit Committee and the Compensation Committee of the Board. Mr. Shiroki is a Certified Public Accountant of Shiroki Associates CPA's. Prior to joining Shiroki Associates, he was the Controller for Hart Lyman Companies of East Syracuse.

 

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