SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549





                                  F O R M 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)   May 4, 2000
                                                 -------------

                             Jaco Electronics, Inc.
--------------------------------------------------------------------------------
               (Exact name of Registrant as Specified in Charter)


          New York              000-05896              11-1978958
--------------------------------------------------------------------------------
(State or Other Jurisdiction  (Commission)     (IRS Employer Identification No.)
       of Incorporation)       File Number)


145 Oser Avenue, Hauppauge, New York                     11788
--------------------------------------------------------------------------------
(Address of Principal Executive Offices)               (Zip Code)


Registrant's telephone number, including area code    (631) 273-5500
                                                     -----------------



                                      N/A
--------------------------------------------------------------------------------
      (Former name or former address, if changed since last report)



                                       1
<PAGE>






Item 5. Other Events.
         On May 9,  2000,  Jaco  Electronics,  Inc.  ("Jaco"  or the  "Company")
announced that it had executed a Stock Purchase  Agreement (the "Stock  Purchase
Agreement"),  by  and  among  Jaco,  a New  York  corporation,  and  all  of the
stockholders  of  Interface  Electronics  Corp.,  a  Massachusetts   corporation
("Interface"),  and a distributor of electronic  components.  The Stock Purchase
Agreement  provides  that Jaco will  acquire  all of the issued and  outstanding
shares  of  Common  Stock,  no par  value  (the  "Shares"),  of  Interface  (the
"Transaction"), from Joseph F. Oliveri and Brendan J. Perry (the "Sellers").

         In  consideration  of the  acquisition  of the Shares,  the Company has
agreed  to pay to the  Sellers  $15,400,000  in cash  and  assume  approximately
$3,500,000  of bank debt at the  closing  (subject  to a post  closing net worth
adjustment),   plus  a  deferred  payment  of  up  to  $3,960,000   (subject  to
adjustment),  approximately one (1) year from the anniversary of the closing (or
earlier under certain circumstances), and a deferred payment of up to $2,640,000
(subject to adjustment), approximately two (2) years from the anniversary of the
closing (or earlier  under  certain  circumstances).  A portion of the  purchase
price will be held in escrow pending the satisfaction of certain conditions.

         The  Stock  Purchase   Agreement   contains  certain   representations,
warranties,  covenants (including noncompetition and nonsolicitation  provisions
agreed  to by the  Sellers),  conditions  and  indemnification  provisions.  The
consummation of the Transaction is subject to a number of conditions,  including
the  expiration  or  termination  of all  applicable  waiting  periods under the
Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, the receipt of
all other material  authorizations,  consents and approvals of  governments  and
governmental  agencies,  and the absence of any event having a material  adverse
effect on the business, assets, properties or financial condition of Interface.






                                       2
<PAGE>



     In  connection  with  the  Transaction,  Mr.  Oliveri  will  enter  into an
employment  agreement  with Jaco  Electronics,  Inc.  for a three (3) year term,
pursuant to which he will serve as Vice  Chairman of the Board of Directors  and
Executive Vice President of the Company.

         The Company expects the Transaction to close during the second calendar
quarter of 2000, but not later than the  termination  date in the Stock Purchase
Agreement, which is June 30, 2000.

         To finance the consideration for the Transaction,  the Company received
a commitment  from its  commercial  banks to increase its credit  facility  from
$30,000,000 to $50,000,000,  based principally on eligible  accounts  receivable
and  inventories of the Company.  Borrowings  under the credit  facility will be
collateralized by substantially all of the assets of the Company.

         The  foregoing  is merely a summary of the  Transaction.  A copy of the
Stock Purchase Agreement is attached as an Exhibit hereto.



                                       3
<PAGE>



Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.


(a)      Exhibits

Exhibit                                                                   Page
Number     Description                                                    Number
--------   -------------                                                  ------


2.1      Stock  Purchase  Agreement  by and among  Jaco  Electronics,  Inc.
         and All of the Stockholders of Interface Electronics Corp. as of
         May 4, 2000.


99.9     Press Release dated May 9, 2000.





                                       4
<PAGE>





                                   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.

                                                     JACO ELECTRONICS, INC.


Date: May 15, 2000                                      By: /s/Jeffrey D. Gash
                                                        -----------------------
                                                         Jeffrey D. Gash,
                                                         Vice President-Finance




                                       5
<PAGE>



                                  EXHIBIT INDEX


Exhibit                                                                    Page
Number     Description                                                    Number
------     -----------                                                   -------


2.1       Stock Purchase  Agreement by and among Jaco Electronics,  Inc. and All
          of the Stockholders of Interface Electronics Corp. as of May 4, 2000.


99.9      Press Release dated May 9, 2000.

                                       6
<PAGE>
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SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  F O R M 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)   May 4, 2000
                                                 -------------

                             Jaco Electronics, Inc.
--------------------------------------------------------------------------------
               (Exact name of Registrant as Specified in Charter)

          New York              000-05896              11-1978958
--------------------------------------------------------------------------------
(State or Other Jurisdiction  (Commission)     (IRS Employer Identification No.)
       of Incorporation)       File Number)

145 Oser Avenue, Hauppauge, New York                     11788
--------------------------------------------------------------------------------
(Address of Principal Executive Offices)               (Zip Code)

Registrant's telephone number, including area code    (631) 273-5500
                                                     -----------------

                                      N/A
--------------------------------------------------------------------------------
      (Former name or former address, if changed since last report)

                                       1
Item 5. Other Events.
         On May 9,  2000,  Jaco  Electronics,  Inc.  ("Jaco"  or the  "Company")
announced that it had executed a Stock Purchase  Agreement (the "Stock  Purchase
Agreement"),  by  and  among  Jaco,  a New  York  corporation,  and  all  of the
stockholders  of  Interface  Electronics  Corp.,  a  Massachusetts   corporation
("Interface"),  and a distributor of electronic  components.  The Stock Purchase
Agreement  provides  that Jaco will  acquire  all of the issued and  outstanding
shares  of  Common  Stock,  no par  value  (the  "Shares"),  of  Interface  (the
"Transaction"), from Joseph F. Oliveri and Brendan J. Perry (the "Sellers").

         In  consideration  of the  acquisition  of the Shares,  the Company has
agreed  to pay to the  Sellers  $15,400,000  in cash  and  assume  approximately
$3,500,000  of bank debt at the  closing  (subject  to a post  closing net worth
adjustment),   plus  a  deferred  payment  of  up  to  $3,960,000   (subject  to
adjustment),  approximately one (1) year from the anniversary of the closing (or
earlier under certain circumstances), and a deferred payment of up to $2,640,000
(subject to adjustment), approximately two (2) years from the anniversary of the
closing (or earlier  under  certain  circumstances).  A portion of the  purchase
price will be held in escrow pending the satisfaction of certain conditions.

         The  Stock  Purchase   Agreement   contains  certain   representations,
warranties,  covenants (including noncompetition and nonsolicitation  provisions
agreed  to by the  Sellers),  conditions  and  indemnification  provisions.  The
consummation of the Transaction is subject to a number of conditions,  including
the  expiration  or  termination  of all  applicable  waiting  periods under the
Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, the receipt of
all other material  authorizations,  consents and approvals of  governments  and
governmental  agencies,  and the absence of any event having a material  adverse
effect on the business, assets, properties or financial condition of Interface.

                                       2
In  connection  with  the  Transaction,  Mr.  Oliveri  will  enter  into an
employment  agreement  with Jaco  Electronics,  Inc.  for a three (3) year term,
pursuant to which he will serve as Vice  Chairman of the Board of Directors  and
Executive Vice President of the Company.

         The Company expects the Transaction to close during the second calendar
quarter of 2000, but not later than the  termination  date in the Stock Purchase
Agreement, which is June 30, 2000.

         To finance the consideration for the Transaction,  the Company received
a commitment  from its  commercial  banks to increase its credit  facility  from
$30,000,000 to $50,000,000,  based principally on eligible  accounts  receivable
and  inventories of the Company.  Borrowings  under the credit  facility will be
collateralized by substantially all of the assets of the Company.

         The  foregoing  is merely a summary of the  Transaction.  A copy of the
Stock Purchase Agreement is attached as an Exhibit hereto.

                                       3
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.

(a)      Exhibits

Exhibit                                                                   Page
Number     Description                                                    Number
--------   -------------                                                  ------

2.1      Stock  Purchase  Agreement  by and among  Jaco  Electronics,  Inc.
         and All of the Stockholders of Interface Electronics Corp. as of
         May 4, 2000.

99.9     Press Release dated May 9, 2000.

                                       4
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.

                                                     JACO ELECTRONICS, INC.

Date: May 15, 2000                                      By: /s/Jeffrey D. Gash
                                                        -----------------------
                                                         Jeffrey D. Gash,
                                                         Vice President-Finance

                                       5
EXHIBIT INDEX

Exhibit                                                                    Page
Number     Description                                                    Number
------     -----------                                                   -------

2.1       Stock Purchase  Agreement by and among Jaco Electronics,  Inc. and All
          of the Stockholders of Interface Electronics Corp. as of May 4, 2000.

99.9      Press Release dated May 9, 2000.

                                       6