SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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): April 18, 2001
FREQUENCY ELECTRONICS, INC.
(Exact name of registrant as specified in its charter)
Delaware 1-8061 11-1986657
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
55 Charles Lindbergh Blvd., Mitchel Field, NY 11553
(Address of principal executive offices) (Zip Code)
(516) 794-4500
(Registrant's telephone number, including area code)
NONE
(Former name, former address and former fiscal year,
if changed since last report)
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Page 1 of 3 pages
ITEM 5. OTHER EVENTS
Pursuant to a Settlement Agreement dated April 18, 2001, Frequency
Electronics, Inc. (referred to as "FEI") settled the action FEI commenced in
March 2000 in the Supreme Court of the State of New York, Nassau County,
entitled "Frequency Electronics, Inc. Plaintiff, against National Union Fire
Insurance Company of Pittsburgh, PA, Defendants", index number 004075/00. Under
the terms of the Settlement Agreement, National Union Fire Insurance Company of
Pittsburgh, PA paid FEI Three Million ($3,000,000) Dollars, FEI released its
claims and the action was discontinued.
For a further discussion of FEI's pending claims against its insurance
carriers reference is made to the Form 10-K for the fiscal year ended April 30,
2000 filed by FEI under Section 13 of the Securities Exchange Act of 1934 which
is on file at the Securities and Exchange Commission.
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.
FREQUENCY ELECTRONICS, INC.
By: /s/ Alan Miller
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Alan Miller
Chief Financial Officer
and Controller
Dated: May 25, 2001