<HTML>
<HEAD>
<TITLE>FORM 8-K</TITLE>
</HEAD>
<BODY>
<center>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=3 WIDTH=638>
<TR><TD VALIGN="TOP" COLSPAN=7>
&nbsp;</TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=7>
<P ALIGN="CENTER">UNITED STATES SECURITIES AND EXCHANGE COMMISSION</TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="25%" VALIGN="TOP" COLSPAN=2>&nbsp;</TD>
<TD WIDTH="25%" VALIGN="TOP" COLSPAN=2>&nbsp;</TD>
<TD WIDTH="25%" VALIGN="TOP" COLSPAN=2>&nbsp;</TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=7>
<P ALIGN="CENTER">WASHINGTON, D.C.  20549</TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="25%" VALIGN="TOP" COLSPAN=2>&nbsp;</TD>
<TD WIDTH="25%" VALIGN="TOP" COLSPAN=2>&nbsp;</TD>
<TD WIDTH="25%" VALIGN="TOP" COLSPAN=2>&nbsp;</TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=7>
<P ALIGN="CENTER">FORM 8-K</TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="25%" VALIGN="TOP" COLSPAN=2>&nbsp;</TD>
<TD WIDTH="25%" VALIGN="TOP" COLSPAN=2>&nbsp;</TD>
<TD WIDTH="25%" VALIGN="TOP" COLSPAN=2>&nbsp;</TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=7>
<P ALIGN="CENTER">CURRENT REPORT</TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="25%" VALIGN="TOP" COLSPAN=2>&nbsp;</TD>
<TD WIDTH="25%" VALIGN="TOP" COLSPAN=2>&nbsp;</TD>
<TD WIDTH="25%" VALIGN="TOP" COLSPAN=2>&nbsp;</TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=7>
<P ALIGN="CENTER">PURSUANT TO SECTION 13 OR 15 (d) OF<BR>
THE SECURITIES EXCHANGE ACT OF 1934</TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="25%" VALIGN="TOP" COLSPAN=2>&nbsp;</TD>
<TD WIDTH="25%" VALIGN="TOP" COLSPAN=2>&nbsp;</TD>
<TD WIDTH="25%" VALIGN="TOP" COLSPAN=2>&nbsp;</TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=7>
<P ALIGN="CENTER">Date of Report (Date of earliest event reported):  July 13, 2006</TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="25%" VALIGN="TOP" COLSPAN=2>&nbsp;</TD>
<TD WIDTH="25%" VALIGN="TOP" COLSPAN=2>&nbsp;</TD>
<TD WIDTH="25%" VALIGN="TOP" COLSPAN=2>&nbsp;</TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=7>
<U><P ALIGN="CENTER">GERBER SCIENTIFIC, INC.</U><BR>
(Exact name of Registrant as specified in its charter)</TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="25%" VALIGN="TOP" COLSPAN=2>&nbsp;</TD>
<TD WIDTH="25%" VALIGN="TOP" COLSPAN=2>&nbsp;</TD>
<TD WIDTH="25%" VALIGN="TOP" COLSPAN=2>&nbsp;</TD>
</TR>
<TR><TD WIDTH="47%" VALIGN="TOP" COLSPAN=2>
<U><P ALIGN="CENTER">CONNECTICUT</U></TD>
<TD WIDTH="28%" VALIGN="TOP" COLSPAN=4>
<U><P ALIGN="CENTER">1-5865</U></TD>
<TD WIDTH="25%" VALIGN="TOP">
<U><P ALIGN="CENTER">06-0640743</U></TD>
</TR>
<TR><TD WIDTH="47%" VALIGN="TOP" COLSPAN=2>
<P ALIGN="CENTER">(State or other jurisdiction of incorporation or organization)</TD>
<TD WIDTH="28%" VALIGN="TOP" COLSPAN=4>
<P ALIGN="CENTER">(Commission File No.)</TD>
<TD WIDTH="25%" VALIGN="TOP">
<P>(I.R.S. Employer Identification No.)</TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="33%" VALIGN="TOP" COLSPAN=3>&nbsp;</TD>
<TD WIDTH="17%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="25%" VALIGN="TOP" COLSPAN=2>&nbsp;</TD>
</TR>
<TR><TD WIDTH="58%" VALIGN="TOP" COLSPAN=4>
<U><P ALIGN="CENTER">83 Gerber Road West, South Windsor, Connecticut</U></TD>
<TD WIDTH="17%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="25%" VALIGN="TOP" COLSPAN=2>
<U><P ALIGN="CENTER">06074</U></TD>
</TR>
<TR><TD WIDTH="58%" VALIGN="TOP" COLSPAN=4>
<P ALIGN="CENTER">(Address of principal executive offices)</TD>
<TD WIDTH="17%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="25%" VALIGN="TOP" COLSPAN=2>
<P ALIGN="CENTER">(Zip Code)</TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="33%" VALIGN="TOP" COLSPAN=3>&nbsp;</TD>
<TD WIDTH="17%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="25%" VALIGN="TOP" COLSPAN=2>&nbsp;</TD>
</TR>
<TR><TD WIDTH="58%" VALIGN="TOP" COLSPAN=4>
<P>Registrant's Telephone Number, including area code:</TD>
<TD WIDTH="17%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="25%" VALIGN="TOP" COLSPAN=2>
<U><P ALIGN="CENTER">(860) 644-1551</U></TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="33%" VALIGN="TOP" COLSPAN=3>&nbsp;</TD>
<TD WIDTH="17%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="25%" VALIGN="TOP" COLSPAN=2>&nbsp;</TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=7>
<U><P ALIGN="CENTER">Not Applicable</U></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=7>
<P ALIGN="CENTER">(Former name or former address, if changed since last report)</TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="33%" VALIGN="TOP" COLSPAN=3>&nbsp;</TD>
<TD WIDTH="17%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="25%" VALIGN="TOP" COLSPAN=2>&nbsp;</TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=7>
<P>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
<br>
&nbsp;</TD>
</TR>
</TABLE>

<TABLE CELLSPACING=0 BORDER=0 WIDTH=632>
<TR><TD WIDTH="23" VALIGN="TOP">
<P>&#61608;</TD>
<TD WIDTH="605" VALIGN="TOP">
<P>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </TD>
</TR>
<TR><TD WIDTH="23" VALIGN="TOP">
<P><BR>
&#61608;</TD>
<TD WIDTH="605" VALIGN="TOP">
<P><BR>
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </TD>
</TR>
<TR><TD WIDTH="23" VALIGN="TOP">
<P><BR>
&#61608;</TD>
<TD WIDTH="605" VALIGN="TOP">
<P><BR>
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2-(b)) </TD>
</TR>
<TR><TD WIDTH="23" VALIGN="TOP">
<P><BR>
&#61608;</TD>
<TD WIDTH="605" VALIGN="TOP">
<P><BR>
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </TD>
</TR>
</TABLE></center>

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<P>

<B><FONT SIZE=2>
<P>Item 2.02&nbsp;&nbsp;&nbsp;Results of Operations and Financial Condition </P>

</FONT>
</B><FONT SIZE=3>
<FONT SIZE=2>
<DIR>

<P>On July 13, 2006, Gerber Scientific, Inc. (the "Company") issued a press release announcing that it will restate its financial results from fiscal years ended April&nbsp;30, 2002 through April&nbsp;30, 2005 to correct an accounting error relating to the accounting for certain assets held in a rabbi trust that are directed by the Company to be used to fund benefit payments under the Company's nonqualified supplemental pension plan.  The full text of the press release is furnished with this Current Report on Form 8-K as Exhibit 99.1 and is incorporated by reference herein.<br>
&nbsp;</P>

</FONT>
<FONT SIZE=3>
<B>
</DIR>

<FONT SIZE=2>

<P>Item 4.02&nbsp;&nbsp;&nbsp;Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review</P>

</FONT>
</B><FONT SIZE=2>
<blockquote>



<P>(a)&#9;On July 13, 2006, the Audit and Finance Committee (the &quot;Committee&quot;) of
the Company's Board of Directors concluded, based upon the recommendation of the
Company's management, that certain of the Company's previously issued financial
statements, which contained errors related to the accounting for certain assets
held in a rabbi trust that are directed by the Company to be used to fund
benefit payments under the Company's nonqualified supplemental pension plan (the
&quot;Nonqualified Plan&quot;), should be restated. These accounting errors, which were
discussed in the Company's earnings release issued and furnished to the
Securities and Exchange Commission (the &quot;SEC&quot;) on June 22, 2006, impacted the
Company's consolidated financial position, results of operations and cash flows
reported for fiscal years ended April 30, 1994 through April 30, 2005. The
Company has determined that these errors materially misstated its consolidated
results of operations for the fiscal year ended April 30, 2004, and therefore,
has concluded that it will restate reported amounts in its previously issued
financial statements for the fiscal years ended April 30, 2005, 2004, 2003 and
2002. As a result of the need to restate the previously issued financial
statements for the fiscal years described above, investors should no longer rely
on the consolidated financial statements for the fiscal years ended April 30,
2005, 2004 and 2003 included in the Company's Annual Report on Form 10-K for the
year ended April 30, 2005 and the associated independent registered public
accounting firm's reports currently on file with the SEC. The Company will
include the restated financial statements for fiscal years ended April 30, 2005
and 2004 in its Annual Report on Form 10-K for the fiscal year ended April 30,
2006. Due to the time and effort involved in determining the effect of these
adjustments on the Company's historical financial statements, the Company
intends to file a Form 12b-25 to notify investors that the Company is extending
the due date for filing its Annual Report on Form 10-K for the fiscal year ended
April 30, 2006. The Company expects to file with the SEC as soon as possible,
but no later than the filing deadline of July 31, 2006.</P>

	<p>The foregoing accounting errors were caused by the incorrect treatment of
	assets held in the rabbi trust as &quot;plan assets&quot; of the Nonqualified Plan for
	purposes of determining net periodic pension cost and associated pension
	disclosures for the Nonqualified Plan under the Financial Accounting
	Standards Board's (FASB) Statement of Financial Accounting Standards No. 87,
	&quot;Employers' Accounting for Pensions&quot; (SFAS 87). As these assets were
	accounted for as plan assets of the Nonqualified Plan in the previously
	issued financial statements, an expected return on these assets was
	calculated and included in the determination of net periodic pension cost,
	which effectively reduced the associated annual expense related to the
	Nonqualified Plan. Additionally, the accrued benefit liability for the
	Nonqualified Plan was presented net of these assets on the Company's
	consolidated balance sheet.</p>
	<p>As these assets are being held in a rabbi trust, they are available to
	the general creditors of the Company in the event of bankruptcy and should
	be recorded as long-term assets on the Company's consolidated balance sheet
	at their respective fair values and accounted for under FASB Statement of
	Financial Accounting Standards No. 115, &quot;Accounting for Certain Investments
	in Debt and Equity Securities&quot; (SFAS 115). The accounting treatment under
	SFAS 115 for &quot;available for sale&quot; securities requires that any realized
	gains/losses on these assets be recorded through the income statement when
	incurred and any unrealized gains/losses be shown in other comprehensive
	income/loss and included in accumulated comprehensive income/loss on the
	balance sheet. As these assets were accounted for as assets of the
	Nonqualified Plan, realized and unrealized gains/losses from fiscal years
	1994 through 2005 related to these assets were not reflected in the
	Company's consolidated balance sheet or financial results reported for those
	fiscal years.</p>
</blockquote>

</FONT>

</FONT>

</FONT>
<FONT SIZE=2>
<P align="center">1</P>


</FONT>
<FONT SIZE=3>


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<H5 align="left" style="page-break-before:always">&nbsp;</H5>

</FONT>
<FONT SIZE=2>
<FONT SIZE=3>
<FONT SIZE=2>
<blockquote>
	<p>The Company has conducted extensive procedures in order to determine the
	appropriate accounting treatment and to validate the amounts to be recorded
	for fiscal years 1994 through 2005, including obtaining revised actuarial
	valuations for the Nonqualified Plan and conducting audit testing by the
	Company's internal audit department of the adjustments recorded. This
	restatement will result in lower net earnings in certain fiscal years and
	higher net earnings in other fiscal years from fiscal 1994 through fiscal
	2005. The restatement is expected to result in a cumulative net reduction of
	earnings during fiscal years 1994 through 2005 of approximately $0.7
	million, net of applicable income tax benefits. The most significantly
	impacted individual year results were in fiscal 2004, with the revised
	accounting treatment expected to result in lower net earnings of
	approximately $1.0 million, net of income taxes, or $0.05 per diluted share,
	for that fiscal year. Additionally, the impact of applying the correct
	accounting treatment on the previously reported financial results for fiscal
	2005 is expected to result in lower net earnings of approximately $0.1
	million, net of income taxes, for that fiscal year. The restatement will
	impact the Company's previously disclosed cash flows, which is expected to
	reduce net cash from operating activities and increase net cash from
	investing activities for each of the restated fiscal years.</p>
	<p>The expected impact of the adjustments on the previously disclosed April
	30, 2005 balance sheet amounts will be an increase in long-term assets of
	approximately $5.3 million, and a corresponding net increase in long-term
	liabilities, accumulated other comprehensive loss and retained earnings, to
	properly reflect the fair value of the assets held in the rabbi trust and
	the accrued benefit liability and the additional minimum pension liability
	related to the Nonqualified Plan as of the end of fiscal 2005. The total
	unrealized gains, net of taxes, on the assets held in the rabbi trust as of
	April 30, 2005 will decrease the accumulated other comprehensive loss on the
	Company's previously disclosed April 30, 2005 balance sheet by approximately
	$0.2 million.</p>
	<p>Management has performed its assessment of the control deficiency related
	to the above accounting errors and has concluded that the control deficiency
	that resulted in the restatement of the previously issued financial
	statements did not constitute a material weakness as of April 30, 2006. In
	making this determination, the Company concluded that the control deficiency
	related to the application of generally accepted accounting principles at
	the initial establishment of the rabbi trust in fiscal 1994. Additionally,
	employees hired after May 1, 2004 are not eligible for the <FONT SIZE=2>
	Nonqualified Plan</FONT>

	and the Company has no plans to establish any new rabbi trusts. Management
	is still completing its overall assessment of the effectiveness of the
	Company's disclosure controls and procedures and internal control over
	financial reporting for the fiscal year ended April 30, 2006.</p>
	<p>The Committee and management of the Company have discussed the matters
	associated with the restatement disclosed in this Current Report on Form 8-K
	with PricewaterhouseCoopers LLP, the Company's current independent
	registered public accounting firm, as well as KPMG LLP, its former
	independent registered public accounting firm.</p>
</blockquote>

</FONT>

</FONT>

<P align="center">2</P>


</FONT>
<FONT SIZE=3>


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</FONT>

<B><FONT SIZE=2>
<P><br>
Item 9.01&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits</P>

</FONT>
</B><FONT SIZE=2>
<DIR>

(d) &#9;Exhibits
</DIR>
<DIR>
<DIR>
<P>The following is being furnished as an Exhibit to this report:</P>
</dir>
</DIR>

</FONT>
<dir><dir><TABLE CELLSPACING=0 BORDER=0 WIDTH=516>
<TR><TD WIDTH="13%" VALIGN="TOP">
<FONT SIZE=2>
<B><P>Exhibit<BR>
<U>Number</U></B></FONT></TD>
<TD WIDTH="87%" VALIGN="TOP">
<FONT SIZE=2>
<B><P><BR>
<U>Description of Exhibit</U></B></FONT></TD>
</TR>
<TR><TD WIDTH="13%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="87%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="13%" VALIGN="TOP">
<FONT SIZE=2><P>99.1</FONT></TD>
<TD WIDTH="87%" VALIGN="TOP">
<FONT SIZE=2><P>Press release dated July 13, 2006, issued by Gerber Scientific, Inc.</FONT></TD>
</TR>
</TABLE></dir></dir>

<P align="center"><font size="2">3</font></P>


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<H5 align="left" style="page-break-before:always">&nbsp;</H5>

<B><P ALIGN="CENTER"><font size="2">SIGNATURE</font></P>
</B><FONT SIZE=3><P ALIGN="JUSTIFY"></P>
</FONT>
<FONT SIZE=2>
<P>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, thereunto duly authorized.</P>
</FONT>
<FONT SIZE=3>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&nbsp;</P></FONT>
<TABLE CELLSPACING=0 BORDER=0 WIDTH=630>
<TR><TD WIDTH="46%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="54%" VALIGN="BOTTOM" COLSPAN=2><DIR>

<FONT SIZE=2><P>GERBER SCIENTIFIC, INC.</DIR>
</FONT></TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="BOTTOM">
<FONT SIZE=2><P>July 13, 2006</FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM"><DIR>

<FONT SIZE=2><P>By:</DIR>
</FONT></TD>
<TD WIDTH="50%" VALIGN="BOTTOM">
<FONT SIZE=2>
<U><P ALIGN="CENTER">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/&nbsp;&nbsp;&nbsp;&nbsp;John J. Krawczynski&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="TOP">
<FONT SIZE=1><P>&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM">
<FONT SIZE=1><P>&nbsp;</FONT></TD>
<TD WIDTH="50%" VALIGN="BOTTOM">
<B><FONT SIZE=1><P ALIGN="CENTER">John J. Krawczynski</B></FONT> <BR>
<B><FONT SIZE=1>Vice President, Chief Accounting Officer and Corporate Controller</B></FONT><BR>
<B><FONT SIZE=1>(On behalf of the Registrant and as</B></FONT> <BR>
<B><FONT SIZE=1>Principal Accounting Officer)</B></FONT></TD>
</TR>
</TABLE>


<P>&nbsp;</P>
<p align="center"><font size="2">4</font></p>

</BODY>
</HTML>
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{"company-data": {"conformed-name": "GERBER SCIENTIFIC INC", "cik": "0000041133", "assigned-sic": "3559", "irs-number": "060640743", "state-of-incorporation": "CT", "fiscal-year-end": "0430"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-05865", "film-number": "06961078"}, "business-address": {"street1": "83 GERBER RD WEST", "city": "SOUTH WINDSOR", "state": "CT", "zip": "06074", "phone": "8606441551"}, "mail-address": {"street1": "83 GERBER ROAD WEST", "city": "SOUTH WINDSOR", "state": "CT", "zip": "06074"}, "former-company": {"former-conformed-name": "GERBER SCIENTIFIC INSTRUMENT CO", "date-changed": "19781210"}}
FORM 8-K
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
Date of Report (Date of earliest event reported):  July 13, 2006
GERBER SCIENTIFIC, INC.
(Exact name of Registrant as specified in its charter)
CONNECTICUT
1-5865
06-0640743
(State or other jurisdiction of incorporation or organization)
(Commission File No.)
(I.R.S. Employer Identification No.)
83 Gerber Road West, South Windsor, Connecticut
06074
(Address of principal executive offices)
(Zip Code)
Registrant's Telephone Number, including area code:
(860) 644-1551
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

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 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.02   Results of Operations and Financial Condition
On July 13, 2006, Gerber Scientific, Inc. (the "Company") issued a press release announcing that it will restate its financial results from fiscal years ended April 30, 2002 through April 30, 2005 to correct an accounting error relating to the accounting for certain assets held in a rabbi trust that are directed by the Company to be used to fund benefit payments under the Company's nonqualified supplemental pension plan.  The full text of the press release is furnished with this Current Report on Form 8-K as Exhibit 99.1 and is incorporated by reference herein.
Item 4.02   Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review
(a)	On July 13, 2006, the Audit and Finance Committee (the "Committee") of
the Company's Board of Directors concluded, based upon the recommendation of the
Company's management, that certain of the Company's previously issued financial
statements, which contained errors related to the accounting for certain assets
held in a rabbi trust that are directed by the Company to be used to fund
benefit payments under the Company's nonqualified supplemental pension plan (the
"Nonqualified Plan"), should be restated. These accounting errors, which were
discussed in the Company's earnings release issued and furnished to the
Securities and Exchange Commission (the "SEC") on June 22, 2006, impacted the
Company's consolidated financial position, results of operations and cash flows
reported for fiscal years ended April 30, 1994 through April 30, 2005. The
Company has determined that these errors materially misstated its consolidated
results of operations for the fiscal year ended April 30, 2004, and therefore,
has concluded that it will restate reported amounts in its previously issued
financial statements for the fiscal years ended April 30, 2005, 2004, 2003 and
2002. As a result of the need to restate the previously issued financial
statements for the fiscal years described above, investors should no longer rely
on the consolidated financial statements for the fiscal years ended April 30,
2005, 2004 and 2003 included in the Company's Annual Report on Form 10-K for the
year ended April 30, 2005 and the associated independent registered public
accounting firm's reports currently on file with the SEC. The Company will
include the restated financial statements for fiscal years ended April 30, 2005
and 2004 in its Annual Report on Form 10-K for the fiscal year ended April 30,
2006. Due to the time and effort involved in determining the effect of these
adjustments on the Company's historical financial statements, the Company
intends to file a Form 12b-25 to notify investors that the Company is extending
the due date for filing its Annual Report on Form 10-K for the fiscal year ended
April 30, 2006. The Company expects to file with the SEC as soon as possible,
but no later than the filing deadline of July 31, 2006.
The foregoing accounting errors were caused by the incorrect treatment of
	assets held in the rabbi trust as "plan assets" of the Nonqualified Plan for
	purposes of determining net periodic pension cost and associated pension
	disclosures for the Nonqualified Plan under the Financial Accounting
	Standards Board's (FASB) Statement of Financial Accounting Standards No. 87,
	"Employers' Accounting for Pensions" (SFAS 87). As these assets were
	accounted for as plan assets of the Nonqualified Plan in the previously
	issued financial statements, an expected return on these assets was
	calculated and included in the determination of net periodic pension cost,
	which effectively reduced the associated annual expense related to the
	Nonqualified Plan. Additionally, the accrued benefit liability for the
	Nonqualified Plan was presented net of these assets on the Company's
	consolidated balance sheet.
As these assets are being held in a rabbi trust, they are available to
	the general creditors of the Company in the event of bankruptcy and should
	be recorded as long-term assets on the Company's consolidated balance sheet
	at their respective fair values and accounted for under FASB Statement of
	Financial Accounting Standards No. 115, "Accounting for Certain Investments
	in Debt and Equity Securities" (SFAS 115). The accounting treatment under
	SFAS 115 for "available for sale" securities requires that any realized
	gains/losses on these assets be recorded through the income statement when
	incurred and any unrealized gains/losses be shown in other comprehensive
	income/loss and included in accumulated comprehensive income/loss on the
	balance sheet. As these assets were accounted for as assets of the
	Nonqualified Plan, realized and unrealized gains/losses from fiscal years
	1994 through 2005 related to these assets were not reflected in the
	Company's consolidated balance sheet or financial results reported for those
	fiscal years.
1
The Company has conducted extensive procedures in order to determine the
	appropriate accounting treatment and to validate the amounts to be recorded
	for fiscal years 1994 through 2005, including obtaining revised actuarial
	valuations for the Nonqualified Plan and conducting audit testing by the
	Company's internal audit department of the adjustments recorded. This
	restatement will result in lower net earnings in certain fiscal years and
	higher net earnings in other fiscal years from fiscal 1994 through fiscal
	2005. The restatement is expected to result in a cumulative net reduction of
	earnings during fiscal years 1994 through 2005 of approximately $0.7
	million, net of applicable income tax benefits. The most significantly
	impacted individual year results were in fiscal 2004, with the revised
	accounting treatment expected to result in lower net earnings of
	approximately $1.0 million, net of income taxes, or $0.05 per diluted share,
	for that fiscal year. Additionally, the impact of applying the correct
	accounting treatment on the previously reported financial results for fiscal
	2005 is expected to result in lower net earnings of approximately $0.1
	million, net of income taxes, for that fiscal year. The restatement will
	impact the Company's previously disclosed cash flows, which is expected to
	reduce net cash from operating activities and increase net cash from
	investing activities for each of the restated fiscal years.
The expected impact of the adjustments on the previously disclosed April
	30, 2005 balance sheet amounts will be an increase in long-term assets of
	approximately $5.3 million, and a corresponding net increase in long-term
	liabilities, accumulated other comprehensive loss and retained earnings, to
	properly reflect the fair value of the assets held in the rabbi trust and
	the accrued benefit liability and the additional minimum pension liability
	related to the Nonqualified Plan as of the end of fiscal 2005. The total
	unrealized gains, net of taxes, on the assets held in the rabbi trust as of
	April 30, 2005 will decrease the accumulated other comprehensive loss on the
	Company's previously disclosed April 30, 2005 balance sheet by approximately
	$0.2 million.
Management has performed its assessment of the control deficiency related
	to the above accounting errors and has concluded that the control deficiency
	that resulted in the restatement of the previously issued financial
	statements did not constitute a material weakness as of April 30, 2006. In
	making this determination, the Company concluded that the control deficiency
	related to the application of generally accepted accounting principles at
	the initial establishment of the rabbi trust in fiscal 1994. Additionally,
	employees hired after May 1, 2004 are not eligible for the
Nonqualified Plan
and the Company has no plans to establish any new rabbi trusts. Management
	is still completing its overall assessment of the effectiveness of the
	Company's disclosure controls and procedures and internal control over
	financial reporting for the fiscal year ended April 30, 2006.
The Committee and management of the Company have discussed the matters
	associated with the restatement disclosed in this Current Report on Form 8-K
	with PricewaterhouseCoopers LLP, the Company's current independent
	registered public accounting firm, as well as KPMG LLP, its former
	independent registered public accounting firm.
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Item 9.01   Financial Statements and Exhibits
(d) 	Exhibits
The following is being furnished as an Exhibit to this report:
Exhibit
Number
Description of Exhibit
99.1
Press release dated July 13, 2006, issued by Gerber Scientific, Inc.
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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, thereunto duly authorized.
GERBER SCIENTIFIC, INC.
July 13, 2006
By:
/s/    John J. Krawczynski
John J. Krawczynski
Vice President, Chief Accounting Officer and Corporate Controller
(On behalf of the Registrant and as
Principal Accounting Officer)
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