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<TITLE>Form 8-K</TITLE>
<META NAME="author" CONTENT="Tim Scanlan">
<META NAME="date" CONTENT="06/12/2014">
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<DIV style="width:624px"><P style="margin:0px; font-size:11pt" align=center><B>UNITED STATES</B></P>
<P style="margin:0px; font-size:11pt" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin:0px; font-size:11pt" align=center><B>WASHINGTON, DC &nbsp;20549</B></P>
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<P style="margin:0px; font-size:11pt" align=center><B>FORM 8-K</B></P>
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<P style="margin:0px; font-size:11pt" align=center>CURRENT REPORT</P>
<P style="margin:0px; font-size:11pt" align=center>Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934</P>
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<TR><TD style="margin-top:0px" valign=top width=638.4><P style="margin:0px; font-size:11pt">Date of Report (Date of earliest event reported): <U>June 11, 2014</U></P>
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<P style="margin:0px; font-size:11pt" align=center><B><U>OMEGA FLEX, INC</U>.</B></P>
<P style="margin:0px; font-size:11pt" align=center>(Exact name of registrant as specified in charter)</P>
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<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=192 /><TD width=192 /><TD width=208.333 /></TR>
<TR><TD style="margin-top:0px" valign=bottom width=192><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=192><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=208.333><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=192><P style="margin:0px; font-size:11pt">Pennsylvania</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=192><P style="margin:0px; font-size:11pt" align=center>000-51372</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=208.333><P style="margin:0px; font-size:11pt" align=right>23-1948942&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
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<TR><TD style="margin-top:0px" valign=bottom width=192><P style="margin:0px; font-size:11pt">(State or other</P>
</TD><TD style="margin-top:0px" valign=bottom width=192><P style="margin:0px; font-size:11pt" align=center>(Commission</P>
</TD><TD style="margin-top:0px" valign=bottom width=208.333><P style="margin:0px; font-size:11pt" align=right>(I.R.S. Employer&nbsp;&nbsp;</P>
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<TR><TD style="margin-top:0px" valign=bottom width=192><P style="margin:0px; font-size:11pt">jurisdiction of</P>
</TD><TD style="margin-top:0px" valign=bottom width=192><P style="margin:0px; font-size:11pt" align=center>File Number)</P>
</TD><TD style="margin-top:0px" valign=bottom width=208.333><P style="margin:0px; font-size:11pt" align=right>Identification No.)</P>
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<TR><TD style="margin-top:0px" valign=bottom width=192><P style="margin:0px; font-size:11pt">incorporation)</P>
</TD><TD style="margin-top:0px" valign=bottom width=192><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=208.333><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
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<P style="margin:0px; font-size:11pt" align=center>451 Creamery Way</P>
<P style="margin:0px; font-size:11pt" align=center><U>Exton, Pennsylvania &nbsp;19341</U></P>
<P style="margin:0px; font-size:11pt" align=center>(Address of Principal Executive Offices)</P>
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<TR><TD style="margin-top:0px" valign=top width=638.4><P style="margin:0px; font-size:11pt">Registrant&#146;s telephone number, including area code: &nbsp;<U>610-524-7272</U></P>
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<TR><TD style="margin-top:0px" valign=top width=638.4><P style="margin:0px; font-size:11pt">_______________________________________________________________________________</P>
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<TR><TD style="margin-top:0px" valign=top width=638.4><P style="margin:0px; font-size:11pt" align=center>(Former name or former address, if changed since last report.)</P>
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</DIV><TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=638.4 /></TR>
<TR><TD style="margin-top:0px" valign=top width=638.4><P style="margin:0px; font-size:11pt"><B>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</B>:</P>
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<TR><TD style="margin-top:0px" valign=top width=638.4><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=638.4><P style="margin:0px; font-size:11pt">[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>
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<TR><TD style="margin-top:0px" valign=top width=638.4><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=638.4><P style="margin:0px; font-size:11pt">[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
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<TR><TD style="margin-top:0px" valign=top width=638.4><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=638.4><P style="margin:0px; font-size:11pt">[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act </P>
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<TR><TD style="margin-top:0px" valign=top width=638.4><P style="margin:0px; font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;(17 CFR 240.14d-2(b))</P>
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<TR><TD style="margin-top:0px" valign=top width=638.4><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=638.4><P style="margin:0px; font-size:11pt">[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act </P>
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<TR><TD style="margin-top:0px" valign=top width=638.4><P style="margin:0px; font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;(17 CFR 240.13e-4(c))</P>
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<P style="margin:0px; font-size:11pt; page-break-before:always"><B>ITEM 1.01 Entry into a Material Definitive Agreement</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt">On June 11, 2014, Omega Flex, Inc. (the &#147;company&#148;) executed amendments to the employment agreements with each of Kevin R. Hoben, President &amp; CEO, and Mark F. Albino, Executive Vice President &amp; Chief Operating Officer. The amendments amend the employment agreement between each of the officers and the company that were entered into on December 15, 2008. &nbsp;The amendments with Mr. Hoben and Mr. Albino contain for the following terms:</P>
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<P style="margin:0px; font-size:11pt"><U>Clawback</U>. &nbsp;Any incentive based compensation paid or payable to the executive under the agreement that is subject to recovery under any law, rule, listing requirement or company policy will be subject to deductions or recovery as may be required by applicable law, rule requirement, or policy.</P>
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<P style="margin:0px; font-size:11pt"><U>Compensation on Termination</U>. &nbsp;The amendment with Mr. Hoben provides that if he is terminated for &#147;without cause&#148; or resigns for &#147;good reason,&#148; then in those events, Mr. Hoben will have the right to continue the use of the company car leased pursuant to the employment agreement for a one year period after the termination or resignation (as the case may be), and thereafter Mr. Hoben will acquire the legal title to that leased vehicle.</P>
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<P style="margin:0px; font-size:11pt">The amendment with Mr. Albino provides that upon Mr. Albino&#146;s &nbsp;termination of employment with the company, the company will provide health insurance benefits under the then existing company benefit policies until the later of March 1, 2016 or the last day of the one-year severance period. &nbsp;Thereafter Mr. Albino will have the right and option to elect and pay for COBRA coverage after the company health benefits insurance is no longer available.</P>
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<P style="margin:0px; font-size:12pt"><B>ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS</B></P>
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<P style="margin:0px; font-size:12pt">(a) <FONT style="font-size:11pt">AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT - HOBEN</FONT></P>
<P style="margin:0px; font-size:12pt">(b) <FONT style="font-size:11pt">AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT - ALBINO</FONT></P>
<P style="margin:0px; font-size:12pt">(c) none</P>
<P style="margin:0px; font-size:12pt">(d) none</P>
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<P style="margin:0px; font-size:11pt" align=center><B>SIGNATURES</B></P>
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<P style="margin:0px; text-indent:48px; font-size:11pt">In accordance with the requirements of the Exchange Act, the registrant has caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>
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<P style="margin:0px; font-size:11pt" align=center><B>OMEGA FLEX, INC.</B></P>
<P style="margin:0px; font-size:11pt" align=center>(Registrant)</P>
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<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=295.2 /><TD width=324 /></TR>
<TR><TD style="margin-top:0px" valign=top width=295.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=324><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=295.2><P style="margin:0px; font-size:11pt">Date: June 12, 2014</P>
</TD><TD style="margin-top:0px" valign=top width=324><P style="margin:0px; font-size:11pt">By: /s/ Paul J. Kane</P>
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<TR><TD style="margin-top:0px" valign=top width=295.2><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=324><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=295.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=324><P style="margin:0px; font-size:11pt">Paul J. Kane</P>
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<TR><TD style="margin-top:0px" valign=top width=295.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=324><P style="margin:0px; font-size:11pt">Vice President and Chief Financial Officer</P>
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Form 8-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC  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):
June 11, 2014
OMEGA FLEX, INC
.
(Exact name of registrant as specified in charter)
Pennsylvania
000-51372
23-1948942
(State or other
(Commission
(I.R.S. Employer
jurisdiction of
File Number)
Identification No.)
incorporation)
451 Creamery Way
Exton, Pennsylvania  19341
(Address of Principal Executive Offices)
Registrant's telephone number, including area code:
610-524-7272
_______________________________________________________________________________
(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 1.01 Entry into a Material Definitive Agreement
On June 11, 2014, Omega Flex, Inc. (the "company") executed amendments to the employment agreements with each of Kevin R. Hoben, President & CEO, and Mark F. Albino, Executive Vice President & Chief Operating Officer. The amendments amend the employment agreement between each of the officers and the company that were entered into on December 15, 2008.  The amendments with Mr. Hoben and Mr. Albino contain for the following terms:
Clawback
.  Any incentive based compensation paid or payable to the executive under the agreement that is subject to recovery under any law, rule, listing requirement or company policy will be subject to deductions or recovery as may be required by applicable law, rule requirement, or policy.
Compensation on Termination
.  The amendment with Mr. Hoben provides that if he is terminated for "without cause" or resigns for "good reason," then in those events, Mr. Hoben will have the right to continue the use of the company car leased pursuant to the employment agreement for a one year period after the termination or resignation (as the case may be), and thereafter Mr. Hoben will acquire the legal title to that leased vehicle.
The amendment with Mr. Albino provides that upon Mr. Albino's  termination of employment with the company, the company will provide health insurance benefits under the then existing company benefit policies until the later of March 1, 2016 or the last day of the one-year severance period.  Thereafter Mr. Albino will have the right and option to elect and pay for COBRA coverage after the company health benefits insurance is no longer available.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
(a)
AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT - HOBEN
(b)
AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT - ALBINO
(c) none
(d) none
SIGNATURES
In accordance with the requirements of the Exchange Act, the registrant has caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
OMEGA FLEX, INC.
(Registrant)
Date: June 12, 2014
By: /s/ Paul J. Kane
Paul J. Kane
Vice President and Chief Financial Officer