SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K Current Report Under Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report June 9, 2006 Commission File No. 0-8190 WILLIAMS INDUSTRIES, INCORPORATED --------------------------------- (Exact name of registrant as specified in its charter) Virginia 54-0899518 - ----------------------------- ------------------------- (State or other jurisdiction of (I.R.S. Employer Identification incorporation or organization) Number) 8624 J.D. Reading Drive 20109 - --------------------------------- ---------------------- (Address of Principal Executive (Zip Code) Offices) P.O. Box 1770 20108 - --------------------------------- ---------------------- (Mailing Address of Principal (Zip Code) Executive Offices) (703) 335-7800 ---------------------------------------------------- (Registrant's telephone Number, including area code) Item 8.01 Other Events On June 9, 2006, the Company sold to an unaffiliated third party 2.72 acres of its Manassas, Virginia land for $865,000, recording a gain of approximately $820,000. The net proceeds from the sale of $856,000 was paid to United Bank and will be applied to the July 31, 2006 payment under the Forbearance Agreement. 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. Williams Industries, Incorporated ----------------------------------- Registrant Date: June 15, 2006 /s/ FRANK E. WILLIAMS, III ----------------------------------- Frank E. Williams, III, President