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8-K</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt;" face="Times New Roman, Symbol, serif">CURRENT
REPORT</font></div>
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to Section 13 or Section 15(d) of the Securities Exchange Act of
1934</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Times New Roman, Symbol, serif">Date
of Report (Date of earliest event reported): November 7, 2008</font></div>
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INC.</font></font></div>
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to simultaneously satisfy the filing obligation to the registrant under any of
the following provisions: </a></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Times New Roman, Symbol, serif"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Item 1.01. </font>&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Entry into a Definitive Material
Agreement.</font></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Times New Roman, Symbol, serif">On
November 7, 2008, Jaco Electronics, Inc. (the &#8220;Registrant&#8221;) announced that it
has entered into an Asset Purchase Agreement (the &#8220;Purchase Agreement&#8221;) with WPG
Americas, Inc. (&#8220;WPG Americas&#8221;). The Purchase Agreement provides for the
purchase by WPG Americas of certain assets used in the Registrant&#8217;s business of
distributing passive and active electronic components and supporting technology
products and services. The assets to be sold include, without limitation,
certain inventory, machinery and equipment, furniture and fixtures, contracts,
and fixed assets. The purchase price for the assets will be determined prior to
the closing and is subject to a post-closing adjustment based on the value of
the assets at closing.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Times New Roman, Symbol, serif">The
Purchase Agreement contains customary representations, warranties, covenants and
conditions to closing. Subject to certain conditions, the Purchase Agreement may
be terminated by either the Registrant or WPG Americas if the transactions
contemplated therein have not been completed by December 1, 2008. There can be
no assurance that the transactions contemplated by the Purchase Agreement will
be completed.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Times New Roman, Symbol, serif">A
copy of the Purchase Agreement is attached hereto as Exhibit 2.1 and is
incorporated herein by reference. The foregoing description of the Purchase
Agreement does not purport to be complete and is qualified in its entirety by
reference to the full text of the Purchase Agreement.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Times New Roman, Symbol, serif"><font style="DISPLAY: inline; FONT-WEIGHT: bold">ITEM 8.01.</font>&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Other Events.</font></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Times New Roman, Symbol, serif">On
November 7, 2008, the Registrant announced that it had entered into the Purchase
Agreement by press release, a copy of which is attached hereto as Exhibit 99.1
and incorporated by reference in its entirety.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Times New Roman, Symbol, serif"><font style="DISPLAY: inline; FONT-WEIGHT: bold">ITEM 9.01.</font>&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Financial Statements and
Exhibits.</font></font></div>
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Exhibits</font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Times New Roman, Symbol, serif"><font style="DISPLAY: inline">Description</font></font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Times New Roman, Symbol, serif">Exhibit
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Times New Roman, Symbol, serif">Asset
      Purchase Agreement between Jaco Electronics, Inc. and WPG Americas, Inc.
      dated as of November 7, 2008.*</font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Times New Roman, Symbol, serif">Press
      release dated November 7, 2008</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Times New Roman, Symbol, serif">*&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;All
schedules and exhibits to this Exhibit have been omitted in accordance
withRegulation S-K Item 601(b)(2). The Registrant agrees to furnish
supplementally a copyof all omitted schedules and exhibits to the Securities and
Exchange Commission upon its request.</font></div>
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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.</font></div>
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jaco8k111308.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or Section 15(d) of the Securities Exchange Act of
1934
Date
of Report (Date of earliest event reported): November 7, 2008
JACO ELECTRONICS,
INC.
(Exact
name of registrant as specified in its charter)
New
      York
000-05896
11-1978958
(State
      or other jurisdiction
of
      incorporation)
(Commission
File
      Number)
(IRS
      Employer
Identification
      No.)
145
      Oser Avenue, Hauppauge, New York
11788
(Address
      of principal executive offices)
(Zip
      Code)
Registrant's
telephone number, including area code:
(631) 273-5500
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 to the registrant under any of
the following provisions:
o
Written
      communications pursuant to Rule 425 under the Securities Act
      (17 CFR 230.425)
o
Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act
      (17 CFR 240.14a-12)
o
Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act
      (17 CFR 240.14d-2(b))
o
Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act
      (17 CFR 240.13e-4(c))
Item 1.01.
Entry into a Definitive Material
Agreement.
On
November 7, 2008, Jaco Electronics, Inc. (the "Registrant") announced that it
has entered into an Asset Purchase Agreement (the "Purchase Agreement") with WPG
Americas, Inc. ("WPG Americas"). The Purchase Agreement provides for the
purchase by WPG Americas of certain assets used in the Registrant's business of
distributing passive and active electronic components and supporting technology
products and services. The assets to be sold include, without limitation,
certain inventory, machinery and equipment, furniture and fixtures, contracts,
and fixed assets. The purchase price for the assets will be determined prior to
the closing and is subject to a post-closing adjustment based on the value of
the assets at closing.
The
Purchase Agreement contains customary representations, warranties, covenants and
conditions to closing. Subject to certain conditions, the Purchase Agreement may
be terminated by either the Registrant or WPG Americas if the transactions
contemplated therein have not been completed by December 1, 2008. There can be
no assurance that the transactions contemplated by the Purchase Agreement will
be completed.
A
copy of the Purchase Agreement is attached hereto as Exhibit 2.1 and is
incorporated herein by reference. The foregoing description of the Purchase
Agreement does not purport to be complete and is qualified in its entirety by
reference to the full text of the Purchase Agreement.
ITEM 8.01.
Other Events.
On
November 7, 2008, the Registrant announced that it had entered into the Purchase
Agreement by press release, a copy of which is attached hereto as Exhibit 99.1
and incorporated by reference in its entirety.
ITEM 9.01.
Financial Statements and
Exhibits.
(d)
Exhibits
Exhibit No
.
Description
Exhibit
      2.1
Exhibit
      99.1
Asset
      Purchase Agreement between Jaco Electronics, Inc. and WPG Americas, Inc.
      dated as of November 7, 2008.*
Press
      release dated November 7, 2008
*           All
schedules and exhibits to this Exhibit have been omitted in accordance
withRegulation S-K Item 601(b)(2). The Registrant agrees to furnish
supplementally a copyof all omitted schedules and exhibits to the Securities and
Exchange Commission upon its request.
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 hereunto
duly authorized.
Dated:
      November 13, 2008
Jaco
      Electronics, Inc.
By:
/s/
      Jeffrey D. Gash
Name:
      Jeffrey D. Gash
Title:  Executive
      Vice President