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
January 16, 2009
Date of Report (Date of earliest event reported)
inTEST Corporation
(Exact Name of Registrant as Specified in its Charter)
Delaware | 0-22529 | 22-2370659 |
7 Esterbrook Lane, Cherry Hill, New Jersey 08003
(Address of Principal Executive Offices, including zip code)
(856) 424-6886
(Registrant's Telephone Number, including area code)
N/A
(Former name or former address, if changed since last report)
[ ] | Written Communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
[ ] | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
[ ] | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
[ ] | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 1.01 Entry into a Material Definitive Agreement.
On January 16, 2009, in accordance with the Agreement and Plan of Merger, dated October 6, 2008, inTEST Corporation (the "Company") and Sigma Systems Corp., completed their determination of the note amounts to be issued as part of the merger consideration and, accordingly, the Company executed two notes in the aggregate principal amount of $1,524,908.42 and a Security Agreement in favor of the former Sigma shareholders.
As described in the Form 8-K filed on October 10, 2008, the notes will be payable in annual installments over five years and the Security Agreement grants a security interest in the assets acquired from Sigma as collateral for the notes.
SIGNATURE
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.
inTEST CORPORATION
By:/s/ Robert E. Matthiessen
Robert E. Matthiessen
President and Chief Executive Officer
Date: January 23, 2009