Exhibit 99.(a)(1)(k)
Note: The past performance of the Company's stock is no guarantee of its likely future performance. Please read the "Offer to Exchange" carefully before making your election.
This offier expires June 12, 2007.
Exhibit A
Participant Summary
| | Alternative Stock Price Scenarios |
| SYPR’s closing price on 5-11-07: | | $7.90 | $7.90 | | $7.90 | $7.90 | | $7.90 | $7.90 |
| If SYPR’s stock price is: | $9.00 | $9.00 | $9.00 | $15.00 | $15.00 | $15.00 | $21.00 | $21.00 | $21.00 |
| After tax (assumed tax rate of 40%): | 60% | 60% | 60% | 60% | 60% | 60% | 60% | 60% | 60% |
* Grant Expiration Participant . | Shares | Grant Price | Granted | 1 (Vested) No Change | 2 New Options | 3 New Stock | 1 - No Change | 2 - New Options | 3 - New Stock | 1 - No Change | 2 - New Options | 3 - New Stock | 1 - No Change | 2 - New Options | 3 - New Stock |
| | 2/27/01 | 2/26/2009 | 25,000 | $ 6.25 | 25,000 | 25,000 | - | - | $ 41,250 | $ - | $ - | $131,250 | $ - | $ - | $ 221,250 | $ - | $ - |
| | 2/25/03 | 2/24/2011 | 2,400 | $ 8.25 | 2,400 | 1,440 | - | - | $ 1,080 | $ - | $ - | $ 9,720 | $ - | $ - | $ 18,360 | $ - | $ - |
| | 2/25/03 | 2/24/2011 | 10,000 | $ 8.25 | 10,000 | 6,000 | - | - | $ 4,500 | $ - | $ - | $ 40,500 | $ - | $ - | $ 76,500 | $ - | $ - |
| | 2/26/03 | 2/25/2011 | 39,000 | $ 8.27 | 39,000 | 23,400 | - | - | $ 17,082 | $ - | $ - | $157,482 | $ - | $ - | $ 297,882 | $ - | $ - |
| | 3/2/06 | 3/1/2012 | 12,500 | $ 10.36 | 12,500 | - | - | - | $ - | $ - | $ - | $ 34,800 | $ - | $ - | $ 79,800 | $ - | $ - |
| | | | | Not Eligible: | 88,900 | 55,840 | | | $ 63,912 | | | $373,752 | | | $ 693,792 | | |
| | 12/31/05 | 12/30/2011 | 7,500 | $ 9.98 | 7,500 | 7,500 | 6,378 | 2,021 | $ - | $ 8,993 | $ 12,813 | $ 22,590 | $ 31,954 | $ 24,939 | $ 49,590 | $ 54,915 | $ 37,065 |
| | 2/22/00 | 2/21/2008 | 10,000 | $ 10.50 | 10,000 | 10,000 | 1,255 | 397 | $ - | $ 1,770 | $ 2,517 | $ 27,000 | $ 6,288 | $ 4,899 | $ 63,000 | $ 10,806 | $ 7,281 |
| | 7/1/05 | 6/30/2011 | 12,500 | $ 11.92 | 12,500 | 12,500 | 8,002 | 2,535 | $ - | $ 11,283 | $ 16,072 | $ 23,100 | $ 40,090 | $ 31,282 | $ 68,100 | $ 68,897 | $ 46,492 |
| | 2/26/02 | 2/25/2010 | 2,600 | $ 13.50 | 2,600 | 2,600 | 910 | 288 | $ - | $ 1,283 | $ 1,826 | $ 2,340 | $ 4,559 | $ 3,554 | $ 11,700 | $ 7,835 | $ 5,282 |
| | 2/26/02 | 2/25/2010 | 10,000 | $ 13.50 | 10,000 | 10,000 | 3,502 | 1,109 | $ - | $ 4,938 | $ 7,031 | $ 9,000 | $ 17,545 | $ 13,685 | $ 45,000 | $ 30,152 | $ 20,339 |
| | 7/1/02 | 6/30/2010 | 5,000 | $ 16.03 | 5,000 | 5,000 | 1,490 | 472 | $ - | $ 2,101 | $ 2,992 | $ - | $ 7,465 | $ 5,824 | $ 14,910 | $ 12,829 | $ 8,656 |
| | | | | Eligible: | 47,600 | 47,600 | | | $ - | $ 30,367 | $ 43,251 | $ 84,030 | $107,900 | $ 84,183 | $ 252,300 | $185,434 | $125,115 |
*In each unshaded box please indicate your election of: (1) no change, (2) new options, (3) new stock.
Participant Signature___________________________
