microwave filter co inc (MFCO) Key Developments
Microwave Filter Co. Inc. Enters into Ten Year Term Loan with KeyBank National Association
Jul 9 13
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
Mar 1 13
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
Oct 26 12
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.
Microwave Filter Co. Inc. Deleted From OTCBB
Jul 23 12
Microwave Filter Co. Inc.’s common stock has been deleted from OTC Bulletin Board (OTCBB) effective July 23, 2012 on account of its ineligibility for quotation on OTCBB due to quoting inactivity under SEC Rule 15c2-11.
Microwave Filter Co. Inc. Declares Special Cash Dividend, Payable on July 31, 2012
Jun 22 12
Microwave Filter Co. Inc. announced that its Board of Directors has approved a special cash dividend payment of $0.05 per common share. The dividend is payable on July 31, 2012 to shareholders of record as of July 13, 2012.