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<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES </B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>WASHINGTON, D.C. 20549 </B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>



<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Pursuant to Section&nbsp;13 or 15(d)
of the </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Securities Exchange Act of 1934 </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Date of report (Date of earliest event
reported): July 31, 2012</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B></B></P>

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<P STYLE="font: 24pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Tii Network Technologies, Inc. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Exact name of registrant as specified
in its charter) </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Commission File Number 001-08048 </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TR>
    <TD STYLE="vertical-align: top; font-size: 10pt; font-weight: bold; text-align: center; width: 33%">Delaware</TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt; font-weight: bold; text-align: center; width: 33%">66-0328885</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(State or other jurisdiction</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>of incorporation or organization)</B></P></TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(IRS Employer</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Identification Number)</B></P></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>141 Rodeo Drive</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Edgewood, New York</B></P></TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt; font-weight: bold; text-align: center">11717</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; font-size: 10pt; font-weight: bold; text-align: center">(Address of principal executive offices)</TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt; font-weight: bold; text-align: center">(Zip code)</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(631) 789-5000 </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Registrant&rsquo;s telephone number,
including area code) </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Not Applicable </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Former Name or Former Address, if Changed
Since Last Report) </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: yellow"></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">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:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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    <TD STYLE="width: 4%; font-size: 10pt"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="font-size: 10pt">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="font-size: 10pt">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="font-size: 10pt">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="font-size: 10pt">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 2.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Completion of Acquisition or Disposition of
Assets. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On July 31, 2012, the stockholders of Tii Network Technologies,
Inc., a Delaware corporation (the &ldquo;Company&rdquo;), approved and adopted the Agreement and Plan of Merger (the &ldquo;Merger
Agreement&rdquo;), dated as of May 13, 2012, with Kelta, Inc., a Delaware corporation (&ldquo;Kelta&rdquo;), and Kelta Networks,
Inc., a Delaware corporation and a wholly-owned subsidiary of Kelta (&ldquo;Merger Sub&rdquo;), pursuant to which Merger Sub was
merged with and into the Company (the &ldquo;Merger&rdquo;), with the Company continuing as the surviving corporation and becoming
a wholly-owned subsidiary of Kelta. The closing of the Merger occurred on July 31, 2012 and the Merger became effective with the
filing of a Certificate of Merger with the Secretary of State of the State of Delaware on July 31, 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">At the effective time of the Merger, each issued and outstanding
share of the Company&rsquo;s common stock, $.01 par value per share (the &ldquo;Company Common Stock&rdquo;), other than (i) treasury
shares, (ii) any shares owned by Parent, Merger Sub or any other direct or indirect wholly-owned subsidiary of the Company, Kelta
or Merger Sub, and (iii) shares owned by stockholders who have properly demanded and not effectively withdrawn or lost appraisal
rights, was converted into and represent the right to receive $2.15 in cash. Additionally, each outstanding option to purchase
shares of Company Common Stock and shares of restricted stock under the Company stock-based plans became fully exercisable and
vested. Each holder of a restricted share will receive $2.15 in cash for each restricted share held at the effective time, less
any applicable withholding taxes. Each holder of a stock option of the Company that was outstanding as of the effective time and
has an exercise price that is less than $2.15 per share will receive, in exchange for the cancellation of such stock option, a
cash payment, less any applicable withholding taxes, equal to the product of (i)&nbsp;the number of shares of Company Common Stock
subject to such option and (ii) the excess of $2.15 over the exercise price per share of such option.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 3.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notice of Delisting or Failure to Satisfy a
Continued Listing Rule or Standard; Transfer of Listing. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The information set forth in Item 2.01 above in this Current
Report is incorporated by reference herein in response to this Item 3.01. On July 31, 2012, following the completion of the Merger,
the Company notified the NASDAQ Stock Market (&ldquo;Nasdaq&rdquo;) that the closing of the Merger had occurred. Nasdaq subsequently
suspended the trading of the Common Stock and filed a Form 25 with the Securities and Exchange Commission to effect the delisting
of the Common Stock. The Company intends to file a certification on Form 15 requesting that the Company&rsquo;s reporting obligations
under Sections 13 and 15(d) of the Securities Exchange Act of 1934, as amended, be terminated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 3.03&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Material Modification to Rights of Security
Holders. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The information set forth in Item 2.01 above in this Current
Report is incorporated by reference herein in response to this Item 3.03.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 5.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Changes in Control of Registrant. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The information set forth in Item 2.01 above in this Current
Report is incorporated by reference herein in response to this Item 5.01. As a result of the Merger, the Company became a wholly-owned
subsidiary of Kelta which constituted a change of control of the Company. $13.5 million of the purchase price was funded by Kelta
through a loan to Kelta from JPMorgan Chase Bank, N.A. and the balance from Kelta&rsquo;s cash on hand.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 5.02&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pursuant to the Merger Agreement, at the effective time of the
Merger, each of the directors and each of the officers of the Company ceased to be directors or officers of the Company and Parag
Mehta, President of Kelta, Inc., became the sole director and the President of the Company. Mr. Mehta, age <FONT STYLE="color: black">44</FONT>,
has been President of Kelta, Inc. for more than the past five years. Mr. Mehta is a principal stockholder of Kelta, Inc., but he
has no other relationship with the Company requiring disclosure under applicable Securities and Exchange Commission rules.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 5.07&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Submission of Matters to a Vote of Security
Holders. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">A special meeting of the Company&rsquo;s stockholders was held
on July 31, 2012, at which the Company&rsquo;s stockholders:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 85.5pt; text-indent: -85.5pt"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">1)</TD><TD>Approved and adopted the Agreement and Plan of Merger, dated as of May 13, 2012, by and among the Company, Kelta and Merger
Sub providing for the merger of Merger Sub with and into the Company by the following vote:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -1in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 80%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; margin-left: 0.75in">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid">FOR</TD>
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; border-top: Black 1pt solid; border-right: Black 1pt solid">AGAINST</TD>
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; border-top: Black 1pt solid; border-right: Black 1pt solid">ABSTAIN</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; border: Black 1pt solid">9,100,495</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid">1,087,345</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid">15,007</TD>
    </TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -1in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">2)</TD><TD>Approved, on a nonbinding advisory basis, compensation that may become payable to certain of the Company&rsquo;s executive
officers as a result of the Merger by the following vote:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 80%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; margin-left: 0.75in">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid">FOR</TD>
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; border-top: Black 1pt solid; border-right: Black 1pt solid">AGAINST</TD>
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; border-top: Black 1pt solid; border-right: Black 1pt solid">ABSTAIN</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; border: Black 1pt solid">6,578,574</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid">3,332,141</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid">292,132</TD>
    </TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -1in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Item&nbsp;7.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Regulation FD Disclosure.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">On July 31, 2012, the Company issued a press
release announcing the closing of the Merger. A copy of the press release is attached hereto as Exhibit 99.1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">The information in this Item 7.01, including
Exhibit 99.1 and the information contained therein, is being furnished to the SEC, shall not be deemed to be &ldquo;filed&rdquo;
for purposes of Section&nbsp;18 of the Exchange Act, or otherwise subject to the liabilities of that section, and shall not be
incorporated by reference into any filing under the Exchange Act or the Securities Act, except as specifically set forth in such
statement or report.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Item&nbsp;9.01.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Exhibits</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 12%; padding-right: 5.4pt; padding-left: 5.4pt; text-decoration: underline">Exhibit&nbsp;No.</TD>
    <TD STYLE="width: 3%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 85%; padding-right: 5.4pt; padding-left: 5.4pt; text-decoration: underline">Description</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">99.1</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Press Release of Tii Network Technologies, Inc., dated July 31, 2012, regarding the closing of the Merger.</TD></TR>
</TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">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.<B>
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<TR STYLE="vertical-align: bottom">
    <TD NOWRAP>Date: August 3, 2012</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">TII NETWORK TECHNOLOGIES, INC.</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
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    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
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        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">By:</P></TD>
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    <TD STYLE="vertical-align: bottom">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: black 0.75pt solid">/s/ Parag Mehta</P></TD></TR>
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        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Parag Mehta</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">President</P></TD></TR>
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[{"type": "8-K", "sequence": "1", "filename": "v320015_8k.htm", "description": "FORM 8-K", "secsgml_size_bytes": 27265}]
{"company-data": {"conformed-name": "TII NETWORK TECHNOLOGIES, INC.", "cik": "0000277928", "assigned-sic": "3613", "irs-number": "660328885", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-08048", "film-number": "121004702"}, "business-address": {"street1": "141 RODEO DRIVE", "city": "EDGEWOOD", "state": "NY", "zip": "11717", "phone": "631-789-5000"}, "mail-address": {"street1": "141 RODEO DRIVE", "city": "EDGEWOOD", "state": "NY", "zip": "11717"}, "former-company": [{"former-conformed-name": "TII NETWORK TECHNOLOGIES INC", "date-changed": "20020514"}, {"former-conformed-name": "TII INDUSTRIES INC", "date-changed": "19920703"}]}
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 31, 2012
Tii Network Technologies, Inc.
(Exact name of registrant as specified
in its charter)
Commission File Number 001-08048
Delaware
66-0328885
(State or other jurisdiction
of incorporation or organization)
(IRS Employer
Identification Number)
141 Rodeo Drive
Edgewood, New York
11717
(Address of principal executive offices)
(Zip code)
(631) 789-5000
(Registrant's telephone number,
including area code)
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:
¨
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 2.01     Completion of Acquisition or Disposition of
Assets.
On July 31, 2012, the stockholders of Tii Network Technologies,
Inc., a Delaware corporation (the "Company"), approved and adopted the Agreement and Plan of Merger (the "Merger
Agreement"), dated as of May 13, 2012, with Kelta, Inc., a Delaware corporation ("Kelta"), and Kelta Networks,
Inc., a Delaware corporation and a wholly-owned subsidiary of Kelta ("Merger Sub"), pursuant to which Merger Sub was
merged with and into the Company (the "Merger"), with the Company continuing as the surviving corporation and becoming
a wholly-owned subsidiary of Kelta. The closing of the Merger occurred on July 31, 2012 and the Merger became effective with the
filing of a Certificate of Merger with the Secretary of State of the State of Delaware on July 31, 2012.
At the effective time of the Merger, each issued and outstanding
share of the Company's common stock, $.01 par value per share (the "Company Common Stock"), other than (i) treasury
shares, (ii) any shares owned by Parent, Merger Sub or any other direct or indirect wholly-owned subsidiary of the Company, Kelta
or Merger Sub, and (iii) shares owned by stockholders who have properly demanded and not effectively withdrawn or lost appraisal
rights, was converted into and represent the right to receive $2.15 in cash. Additionally, each outstanding option to purchase
shares of Company Common Stock and shares of restricted stock under the Company stock-based plans became fully exercisable and
vested. Each holder of a restricted share will receive $2.15 in cash for each restricted share held at the effective time, less
any applicable withholding taxes. Each holder of a stock option of the Company that was outstanding as of the effective time and
has an exercise price that is less than $2.15 per share will receive, in exchange for the cancellation of such stock option, a
cash payment, less any applicable withholding taxes, equal to the product of (i) the number of shares of Company Common Stock
subject to such option and (ii) the excess of $2.15 over the exercise price per share of such option.
Item 3.01     Notice of Delisting or Failure to Satisfy a
Continued Listing Rule or Standard; Transfer of Listing.
The information set forth in Item 2.01 above in this Current
Report is incorporated by reference herein in response to this Item 3.01. On July 31, 2012, following the completion of the Merger,
the Company notified the NASDAQ Stock Market ("Nasdaq") that the closing of the Merger had occurred. Nasdaq subsequently
suspended the trading of the Common Stock and filed a Form 25 with the Securities and Exchange Commission to effect the delisting
of the Common Stock. The Company intends to file a certification on Form 15 requesting that the Company's reporting obligations
under Sections 13 and 15(d) of the Securities Exchange Act of 1934, as amended, be terminated.
Item 3.03     Material Modification to Rights of Security
Holders.
The information set forth in Item 2.01 above in this Current
Report is incorporated by reference herein in response to this Item 3.03.
Item 5.01     Changes in Control of Registrant.
The information set forth in Item 2.01 above in this Current
Report is incorporated by reference herein in response to this Item 5.01. As a result of the Merger, the Company became a wholly-owned
subsidiary of Kelta which constituted a change of control of the Company. $13.5 million of the purchase price was funded by Kelta
through a loan to Kelta from JPMorgan Chase Bank, N.A. and the balance from Kelta's cash on hand.
Item 5.02     Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Pursuant to the Merger Agreement, at the effective time of the
Merger, each of the directors and each of the officers of the Company ceased to be directors or officers of the Company and Parag
Mehta, President of Kelta, Inc., became the sole director and the President of the Company. Mr. Mehta, age
44
,
has been President of Kelta, Inc. for more than the past five years. Mr. Mehta is a principal stockholder of Kelta, Inc., but he
has no other relationship with the Company requiring disclosure under applicable Securities and Exchange Commission rules.
Item 5.07     Submission of Matters to a Vote of Security
Holders.
A special meeting of the Company's stockholders was held
on July 31, 2012, at which the Company's stockholders:
1)
Approved and adopted the Agreement and Plan of Merger, dated as of May 13, 2012, by and among the Company, Kelta and Merger
Sub providing for the merger of Merger Sub with and into the Company by the following vote:
FOR
AGAINST
ABSTAIN
9,100,495
1,087,345
15,007
2)
Approved, on a nonbinding advisory basis, compensation that may become payable to certain of the Company's executive
officers as a result of the Merger by the following vote:
FOR
AGAINST
ABSTAIN
6,578,574
3,332,141
292,132
Item 7.01     Regulation FD Disclosure.
On July 31, 2012, the Company issued a press
release announcing the closing of the Merger. A copy of the press release is attached hereto as Exhibit 99.1.
The information in this Item 7.01, including
Exhibit 99.1 and the information contained therein, is being furnished to the SEC, shall not be deemed to be "filed"
for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, and shall not be
incorporated by reference into any filing under the Exchange Act or the Securities Act, except as specifically set forth in such
statement or report.
Item 9.01.     Financial Statements and Exhibits.
(d)
Exhibits
.
Exhibit No.
Description
99.1
Press Release of Tii Network Technologies, Inc., dated July 31, 2012, regarding the closing of the Merger.
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.
Date: August 3, 2012
TII NETWORK TECHNOLOGIES, INC.
By:
/s/ Parag Mehta
Parag Mehta
President