<html>
<head>
	<title>pke20180103_8k.htm</title>


	<!-- Created by RDG HTML Converter v1.1.0.0 1/3/2018 12:59:00 PM --><meta charset="utf-8"><meta name="format-detection" content="telephone=no"/>
</head>
<body style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 10px; margin-right: 10px; cursor: auto;">
<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">UNITED STATES</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">SECURITIES AND EXCHANGE COMMISSION<br>
<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">WASHINGTON, D.C. 20549</font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</p>

<hr style="text-align: center; height: 1px; color: #000000; background-color: #000000; width: 25%; border: none; margin: 3pt auto">
<p style="margin: 0pt; text-align: center;"><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">FORM 8-K</font></p>

<p style="margin: 0pt;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">CURRENT REPORT</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">Pursuant to Section 13 or 15(d) of the</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">Securities Exchange Act of 1934</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: center;">Date of report (Date of earliest event reported):<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp; <u>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; January 3</u></font><u><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">, 2018&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</font></u></p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left;">&nbsp;</p>

<p style="margin: 0pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: center;"><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">PARK ELECTROCHEMICAL CORP.</font></p>

<p style="margin: 0pt; text-align: center;">&nbsp;</p>

<p style="margin: 0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-collapse: collapse;">

		<tr style="border-bottom: 1px solid rgb(0, 0, 0);">
			<td style="width: 33%; text-align: center;">&nbsp;</td>
			<td style="width: 33%; text-align: center;"><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">(Exact Name of Registrant as Specified in Charter)</font></td>
			<td style="width: 33%; text-align: center;">&nbsp;</td>
		</tr>
		<tr>
			<td style="width: 33%; text-align: center;">&nbsp;</td>
			<td style="width: 33%; text-align: center;">&nbsp;</td>
			<td style="width: 33%; text-align: center;">&nbsp;</td>
		</tr>
		<tr>
			<td style="width: 33%; text-align: center;">&nbsp;</td>
			<td style="width: 33%; text-align: center;">&nbsp;</td>
			<td style="width: 33%; text-align: center;">&nbsp;</td>
		</tr>
		<tr>
			<td style="width: 33%; text-align: center; border-bottom: 1px solid rgb(0, 0, 0);">New York</td>
			<td style="width: 33%; text-align: center; border-bottom: 1px solid rgb(0, 0, 0);"><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">1-4415</font></td>
			<td style="width: 33%; text-align: center; border-bottom: 1px solid rgb(0, 0, 0);"><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">11-1734643</font></td>
		</tr>
		<tr>
			<td style="text-align: center;"><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">(State or Other Jurisdiction</font></td>
			<td style="text-align: center;"><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">(Commission File</font></td>
			<td style="text-align: center;"><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">(IRS Employer</font></td>
		</tr>
		<tr>
			<td style="text-align: center;">of Incorporation)<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;</font></td>
			<td style="text-align: center;"><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">Number)</font></td>
			<td style="text-align: center;"><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">Identification No.)</font></td>
		</tr>
		<tr>
			<td>&nbsp;</td>
			<td>&nbsp;</td>
			<td>&nbsp;</td>
		</tr>
		<tr>
			<td>&nbsp;</td>
			<td>&nbsp;</td>
			<td>&nbsp;</td>
		</tr>
		<tr style="border-bottom: 1px solid rgb(0, 0, 0);">
			<td style="text-align: center;"><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">48 South Service Road, Melville,</font></td>
			<td style="text-align: center;"><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">New York</font></td>
			<td style="text-align: center;"><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">11747</font></td>
		</tr>
		<tr>
			<td colspan="2" rowspan="1" style="text-align: center;">(Address of Principal Executive Offices)</td>
			<td style="text-align: center;"><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">(Zip Code)</font></td>
		</tr>

</table>

<p style="margin: 0pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: center;">&nbsp;</p>

<p style="margin: 0pt; text-align: center;"><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">Registrant&#39;s telephone number, including area code&nbsp;<u> &nbsp; &nbsp; &nbsp; &nbsp;(631) 465-3600&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</u></font></p>

<p style="margin: 0pt;">&nbsp;</p>

<p style="margin: 0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 90%; margin-right: 5%; margin-left: 5%; border-collapse: collapse;">

		<tr style="border-bottom: 1px solid rgb(0, 0, 0);">
			<td style="width: 100%; text-align: center;">Not Applicable</td>
		</tr>
		<tr>
			<td style="text-align: center;"><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">Former Name or Former Address, if Changed Since Last Report</font></td>
		</tr>

</table>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;">&nbsp;</p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:54pt;margin-top:0pt;text-align:justify;">Check the appropriate box below if the Form 8-K filing is in<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">tended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</font></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:46.8pt;margin-right:54pt;margin-top:0pt;text-align:justify;text-indent:-36pt;">[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:46.8pt;margin-right:54pt;margin-top:0pt;text-align:justify;text-indent:-36pt;">[ ] Soliciting material pursuant to Rule 14a-12 under <font style="font-family:Times New Roman, Times, serif;font-size:10pt;">the Exchange Act (17 CFR 240.14a-12)</font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:46.8pt;margin-right:54pt;margin-top:0pt;text-align:justify;text-indent:-36pt;">[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:46.8pt;margin-right:54pt;margin-top:0pt;text-align:justify;text-indent:-36pt;">[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:54pt;margin-top:0pt;text-align:justify;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.</p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Emerging growth company [ ]</p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:54pt;margin-top:0pt;text-align:justify;">If an emerging growth company, indicate by <font style="font-family:Times New Roman, Times, serif;font-size:10pt;">check mark if the registrant has selected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]</font></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<div id="PGBK" style="width: 100%; margin-left: 0pt; margin-right: 0pt">
<div id="PGNUM" style="text-align: center; width: 100%">&nbsp;</div>

<hr style="PAGE-BREAK-AFTER: always; border: none; width: 100%; height: 2px; color: #000000; background-color: #000000">
<div id="PGHDR" style="text-align: left; width: 100%">&nbsp;</div>
</div>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><u>Item 1.02. Termination of a Material Definitive Agreement. </u></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: justify; text-indent: 45pt;">On January <font style="font-family:Times New Roman, Times, serif;font-size:10pt;">3, 2018, Park Electrochemical Corp. (the &quot;Company&quot;) terminated its Credit Agreement, dated as of January 15, 2016, </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">by and among the Company, as borrower, the guarantors party thereto, and HSBC Bank USA, National Association, as lender (as amended, the &ldquo;Credit Agreement&rdquo;). The Credit Agreement was set to expire on January 26, 2019. On January 3, 2018, the Company voluntarily repaid in full the outstanding principal and interest thereunder in an aggregate amount of $68,778,340.53</font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">.</font></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: justify; text-indent: 45pt;">The repayment of the outstanding <font style="font-family:Times New Roman, Times, serif;font-size:10pt;">bank debt was funded from the Company&rsquo;s cash balances. The change in the U.S. tax code, as provided by the Tax Cuts and Jobs Act (&ldquo;Act&rdquo;), has allowed the Company to repatriate foreign accumulated income at a lower effective tax rate. The Act, which was passed in December 2017, provides an incentive for United States companies to repatriate accumulated income earned in foreign jurisdictions at a reduced U.S. income tax expense.</font></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><u>Item 2.02 Results of Operations and Financial Condition.</u></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: justify; text-indent: 45pt;">T<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">he Company issued a news release on January 4, 2018 reporting its results of operations for its 2018 fiscal year third quarter ended November 26, 2017.</font></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: justify; text-indent: 45pt;">The Company is furnishing the news release as Exhibit 99.1 hereto<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">, and the portion relating to such financial performance is incorporated herein by reference</font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">. </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">The information in this Item 2.02 and the attached Exhibit shall not be deemed filed for purposes of Section&nbsp;18 of the Securities Exchange Act of 1934, as amended (the &ldquo;Exchange Act&rdquo;), nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act except as shall be expressly stated by specific reference in such filing.</font></p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: justify; text-indent: 45pt;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><u>Item 8.01. Other Events.</u></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><br>
<u><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">S</font></u><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><u>pecial Dividend</u><u> </u></font></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: justify; text-indent: 45pt;">On January 4, 2018, the Board<font style="font-family:Times New Roman, Times, serif;font-size:10pt;"> declared a special cash dividend of $3.00 per share payable February 13, 2018 to shareholders of record at the close of business on January 23, 2018</font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">. The special cash dividend was funded from the Company&rsquo;s cash balances. </font></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><u>Review of Strategic Alternatives for Potential Sale of the Company<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&rsquo;s Electronics Business; </font></u><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><u>Engagement of Greenhill &amp; Co., LLC.</u><u> as Financial Advisor</u><u> </u></font></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: justify;">On January 4, 2018, the Company <font style="font-family:Times New Roman, Times, serif;font-size:10pt;">announced that it engaged Greenhill &amp; Co. LLC as the Company&rsquo;s sole financial advisor to assist the Company in conducting a strategic evaluation, including a potential sale</font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">, of the Company&#39;s Electronics Business.</font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><u>News Release</u><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><u> and Investor Presentation</u></font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: justify;">The Company<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&rsquo;s news release and investor presentation dated January 4, 2018 also address the foregoing matters included in this Form 8-K and are furnished as Exhibits 99.1 and 99.2 hereto and are incorporated herein by reference.</font></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><u>Item 9.01 Financial Statements and Exhibits.</u></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:39.6pt;margin-right:0pt;margin-top:0pt;text-align:left;">(d)<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp; &nbsp; &nbsp; &nbsp; <u>Exhibits.</u> </font></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:72pt;margin-right:0pt;margin-top:0pt;text-align:left;"><a href="ex_102651.htm" style="-sec-extract:exhibit;">99.1 News Release dated January <font style="font-family:Times New Roman, Times, serif;font-size:10pt;">4, 2018</font></a></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:72pt;margin-right:0pt;margin-top:0pt;text-align:left;"><a href="ex_102652.htm" style="-sec-extract:exhibit;">99.2 Investor Presentation date<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">d January 4, 2018</font></a></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<div id="PGBK" style="width: 100%; margin-left: 0pt; margin-right: 0pt">
<div id="PGNUM" style="text-align: center; width: 100%; font-family: &quot;Times New Roman&quot;; font-size: 10pt;">2</div>

<hr style="PAGE-BREAK-AFTER: always; border: none; width: 100%; height: 2px; color: #000000; background-color: #000000">
<div id="PGHDR" style="text-align: left; width: 100%">&nbsp;</div>
</div>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;"><u>SIGNATURE</u></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;">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 <font style="font-family:Times New Roman, Times, serif;font-size:10pt;">authorized.</font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;">&nbsp;</p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="text-indent: 0; width: 100%;FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">

		<tr>
			<td style="width: 50%;" valign="top" width="50%">
			<p style="margin-top: 0; margin-bottom: 0;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&nbsp;</font></p>
			</td>
			<td colspan="2" style="width: 5%;" valign="top" width="38%">
			<p style="margin-top: 0; margin-bottom: 0;">PARK ELECTROCHEMICAL CORP.</p>
			</td>
			<td style="width: 10%;" valign="top" width="12%">
			<p style="margin-top: 0; margin-bottom: 0;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&nbsp;</font></p>
			</td>
		</tr>
		<tr>
			<td style="width: 50%;" valign="top" width="50%">
			<p style="margin-top: 0; margin-bottom: 0;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&nbsp;</font></p>
			</td>
			<td style="width: 5%;" valign="top" width="3%">
			<p style="margin-top: 0; margin-bottom: 0;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&nbsp;</font></p>
			</td>
			<td style="width: 35%;" valign="top" width="35%">
			<p style="margin-top: 0; margin-bottom: 0;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&nbsp;</font></p>
			</td>
			<td style="width: 10%;" valign="top" width="12%">
			<p style="margin-top: 0; margin-bottom: 0;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&nbsp;</font></p>
			</td>
		</tr>
		<tr>
			<td style="width: 50%;" valign="top" width="50%">
			<p style="margin-top: 0; margin-bottom: 0;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&nbsp;</font></p>
			</td>
			<td style="width: 5%;" valign="top" width="3%">
			<p style="margin-top: 0; margin-bottom: 0;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&nbsp;</font></p>
			</td>
			<td align="left" nowrap="nowrap" style="width: 35%;" valign="bottom" width="35%">
			<p style="margin-top: 0; margin-bottom: 0;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&nbsp;</font></p>
			</td>
			<td style="width: 10%;" valign="top" width="12%">
			<p style="margin-top: 0; margin-bottom: 0;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&nbsp;</font></p>
			</td>
		</tr>
		<tr>
			<td align="left" style="text-align: left; width: 50%;" valign="top" width="50%">
			<p style="margin-top: 0; margin-bottom: 0;">Date: January 4, 2018</p>
			</td>
			<td style="text-align: left; width: 5%;" valign="top" width="3%">
			<p style="margin-top: 0; margin-bottom: 0;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">By: </font></p>
			</td>
			<td align="left" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0); width: 35%;" valign="top" width="35%">
			<p style="margin-top: 0; margin-bottom: 0;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">/s/&nbsp;</font>P. Matthew Farabaugh</p>
			</td>
			<td style="width: 10%;" valign="top" width="12%">
			<p style="margin-top: 0; margin-bottom: 0;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&nbsp;</font></p>
			</td>
		</tr>
		<tr>
			<td style="width: 50%;" valign="top" width="50%">
			<p style="margin-top: 0; margin-bottom: 0;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&nbsp;</font></p>
			</td>
			<td style="width: 5%;" valign="top" width="3%">
			<p style="margin-top: 0; margin-bottom: 0;">Name:</p>
			</td>
			<td style="width: 35%;" valign="top" width="35%">
			<p style="margin-top: 0; margin-bottom: 0;">P. Matthew Farabaugh</p>
			</td>
			<td style="width: 10%;" valign="top" width="12%">
			<p style="margin-top: 0; margin-bottom: 0;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&nbsp;</font></p>
			</td>
		</tr>
		<tr>
			<td style="width: 50%;" valign="top" width="50%">&nbsp;</td>
			<td style="width: 5%;" valign="top" width="3%">Title:</td>
			<td style="width: 35%;" valign="top" width="35%">Senior Vice President and Chief</td>
			<td style="width: 10%;" valign="top" width="12%">&nbsp;</td>
		</tr>
		<tr>
			<td style="width: 50%;" valign="top" width="50%">
			<p style="margin-top: 0; margin-bottom: 0;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&nbsp;</font></p>
			</td>
			<td style="width: 5%;" valign="top" width="3%">
			<p style="margin-top: 0; margin-bottom: 0;">&nbsp;</p>
			</td>
			<td style="width: 35%;" valign="top" width="35%">
			<p style="margin-top: 0; margin-bottom: 0;">Financial Officer</p>
			</td>
			<td style="width: 10%;" valign="top" width="12%">
			<p style="margin-top: 0; margin-bottom: 0;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&nbsp;</font></p>
			</td>
		</tr>

</table>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-align: center;">3</p>
</body>
</html>
[{"type": "8-K", "sequence": "1", "filename": "pke20180103_8k.htm", "description": "FORM 8-K", "secsgml_size_bytes": 26668}]
{"company-data": {"conformed-name": "PARK ELECTROCHEMICAL CORP", "cik": "0000076267", "assigned-sic": "3672", "irs-number": "111734643", "state-of-incorporation": "NY", "fiscal-year-end": "0226"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-04415", "film-number": "18508503"}, "business-address": {"street1": "48 S. SERVICE ROAD", "street2": "SUITE 300", "city": "MELVILLE", "state": "NY", "zip": "11747", "phone": "6314653600"}, "mail-address": {"street1": "48 SOUTH SERVICE ROAD", "street2": "SUITE 300", "city": "MELVILLE", "state": "NY", "zip": "11747"}}
pke20180103_8k.htm
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):
January 3
, 2018
PARK ELECTROCHEMICAL CORP.
(Exact Name of Registrant as Specified in Charter)
New York
1-4415
11-1734643
(State or Other Jurisdiction
(Commission File
(IRS Employer
of Incorporation)
Number)
Identification No.)
48 South Service Road, Melville,
New York
11747
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number, including area code
(631) 465-3600
Not Applicable
Former Name or Former Address, if Changed Since Last Report
Check the appropriate box below if the Form 8-K filing is in
tended 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))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Emerging growth company [ ]
If an emerging growth company, indicate by
check mark if the registrant has selected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Item 1.02. Termination of a Material Definitive Agreement.
On January
3, 2018, Park Electrochemical Corp. (the "Company") terminated its Credit Agreement, dated as of January 15, 2016,
by and among the Company, as borrower, the guarantors party thereto, and HSBC Bank USA, National Association, as lender (as amended, the "Credit Agreement"). The Credit Agreement was set to expire on January 26, 2019. On January 3, 2018, the Company voluntarily repaid in full the outstanding principal and interest thereunder in an aggregate amount of $68,778,340.53
.
The repayment of the outstanding
bank debt was funded from the Company's cash balances. The change in the U.S. tax code, as provided by the Tax Cuts and Jobs Act ("Act"), has allowed the Company to repatriate foreign accumulated income at a lower effective tax rate. The Act, which was passed in December 2017, provides an incentive for United States companies to repatriate accumulated income earned in foreign jurisdictions at a reduced U.S. income tax expense.
Item 2.02 Results of Operations and Financial Condition.
T
he Company issued a news release on January 4, 2018 reporting its results of operations for its 2018 fiscal year third quarter ended November 26, 2017.
The Company is furnishing the news release as Exhibit 99.1 hereto
, and the portion relating to such financial performance is incorporated herein by reference
.
The information in this Item 2.02 and the attached Exhibit shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act except as shall be expressly stated by specific reference in such filing.
Item 8.01. Other Events.
S
pecial Dividend
On January 4, 2018, the Board
declared a special cash dividend of $3.00 per share payable February 13, 2018 to shareholders of record at the close of business on January 23, 2018
. The special cash dividend was funded from the Company's cash balances.
Review of Strategic Alternatives for Potential Sale of the Company
's Electronics Business;
Engagement of Greenhill & Co., LLC.
as Financial Advisor
On January 4, 2018, the Company
announced that it engaged Greenhill & Co. LLC as the Company's sole financial advisor to assist the Company in conducting a strategic evaluation, including a potential sale
, of the Company's Electronics Business.
News Release
and Investor Presentation
The Company
's news release and investor presentation dated January 4, 2018 also address the foregoing matters included in this Form 8-K and are furnished as Exhibits 99.1 and 99.2 hereto and are incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d)
Exhibits.
99.1 News Release dated January
4, 2018
99.2 Investor Presentation date
d January 4, 2018
2
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.
PARK ELECTROCHEMICAL CORP.
Date: January 4, 2018
By:
/s/
P. Matthew Farabaugh
Name:
P. Matthew Farabaugh
Title:
Senior Vice President and Chief
Financial Officer
3