Environmental Tectonics Corp. – ETC Announces Decision to Deregister Its Common Stock (February 15th, 2013)
SOUTHAMPTON, PA, USA, February 15, 2013 - Environmental Tectonics Corporation (OTCQB: ETCC) ("ETC" or the "Company") announced today that its Board of Directors approved the filing of a Form 15 with the Securities and Exchange Commission ("SEC") to voluntarily deregister its common stock under Section 12(g) of the Securities Exchange Act of 1934 ("the Exchange Act"). The Company intends to file the Form 15 on or about February 25, 2013. As a result of the filing of the Form 15, the Company's reporting obligations, including its obligations to file annual, quarterly and current reports on Forms 10-K, 10-Q and 8-K with the SEC, will be suspended. Other filing requirements will terminate upon the effective date of the Form 15, which is expected to occur 90 days after filing.
Environmental Tectonics Corp. – Settlement Agreement (February 26th, 2008)
For the purpose of disposing of all claims and counterclaims which were, or could have been, brought pursuant to the underlying contract, without the necessity of a trial upon the merits or further adjudication of any issue of fact or law, and without constituting an admission of liability upon the part of either party, and for no other purposes, the plaintiff and counter-claim defendant, Environmental Tectonics Corporation (ETC), and the defendant and counter-claim plaintiff, United States, mutually agree as follows:
Environmental Tectonics Corp. – Agreement Between Environmental Tectonics Corporation and the Department of the Navy (December 18th, 2007)
Environmental Tectonics Corp. – Environmental Tectonics Corporation Announces New Bank Line (August 3rd, 2007)
The Credit Agreement, dated as of July 31, 2007, establishes a revolving line of credit with PNC in the maximum, aggregate principal amount of $15,000,000 to be used for ETCs working capital or other general business purposes and for issuances of letters of credit. The Credit Agreement expires June 30, 2009.
Environmental Tectonics Corp. – Executive Employment Agreement (May 24th, 2007)
THIS EMPLOYMENT AGREEMENT (the Agreement) is entered into between Duane D. Deaner (Executive) and Environmental Tectonics Corporation (the Company), collectively referred to as the Parties, with an Effective Date of November 1, 2005.
Environmental Tectonics Corp. – Executive Employment Agreement (July 25th, 2006)
THIS EMPLOYMENT AGREEMENT (the "Agreement") is entered into between William F. Mitchell ("Executive") and Environmental Tectonics Corporation (the "Company"), collectively referred to as the "Parties," with an "Effective Date" of July 24, 2006.
Environmental Tectonics Corp. – Contract (February 25th, 2003)
Exhibit 9.1 STOCKHOLDERS VOTING AGREEMENT THIS STOCKHOLDERS VOTING AGREEMENT ("Agreement") is entered into as of February 18, 2003, by and among William F. Mitchell ("Mitchell"), Pete L. Stephens, M.D. ("Stephens"), Emerald Advisors, Inc. ("Emerald") and ETC Asset Management, LLC ("ETC," and together with Mitchell, Stephens and Emerald, collectively, the "Stockholders"), and H.F. Lenfest ("Lenfest"). BACKGROUND: A. ENVIRONMENTAL TECTONICS CORPORATION, a Pennsylvania corporation (the "Corporation"), has conducted negotiations with PNC Bank, National Association ("PNC"), with respect to the Corporation's request that PNC establish a credit facility in the maximum, aggregate principal amount of $19,800,000, including (i) a revolving credit facility in the maximum, aggregate principal amount of $12,000,000 to be used for the Corporation's working capital purposes, repayment of debt of the Corporation existi