Micropac Industries, Inc. (OTCMKTS:MPAD) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

The board of directors elected Mr. Gerald Tobey, 63, as a director to the board.

Mr. Gerald Tobey is a retired industry executive with a broad base of experience in management, business development/creation, and program management.

Mr. Tobey was a Vice President of Business Development at Raytheon Missile Systems Company retiring in 2016 following a 38 year career in the defense, aerospace, and civil security sectors.  He also served as Vice President of International Business Development for both Raytheon’s Missile Systems and Network Centric Systems businesses.  Until 1997, when Texas Instruments’ Defense Systems and Electronics Group was acquired by Raytheon, Mr. Tobey served as that company’s Vice President of International Business Development and Managing Director of Texas Instruments UK, Ltd. (a wholly owned TI subsidiary).  During Mr. Tobey’s career, he has served in various business creation and capture, strategy, program and manufacturing management positions both in the U.S. and abroad.  Mr. Tobey holds a Bachelor of Science and a Masters of Business Administration degree from Utah State University.  He is a graduate of the U.S. Defense Department’s Defense Acquisition University, and has completed Executive Study at the Anderson School of Management at UCLA.  

Mr. Mark King, Chairman and CEO of Micropac stated:  "We are very excited and privileged to have Mr. Tobey join our board.  His broad industry experience and business knowledge, particularly in regard to business creation and strategy, will serve Micropac well."

About Micropac Industries, Inc. (OTCMKTS:MPAD)

Micropac Industries, Inc. manufactures and distributes various types of hybrid microelectronic circuits, solid state relays, power controllers, and optoelectronic components and assemblies. The Company’s products are used as components in a range of military, space and industrial systems, including aircraft instrumentation and navigation systems, power supplies, electronic controls, computers, medical devices, and high-temperature products. The Company’s core technology is the packaging and interconnecting of multi-chip microelectronics modules. Other technologies include light emitting, and light sensitive materials and products, including light emitting diodes and silicon phototransistors used in the Company’s optoelectronic components and assemblies. The Company provides power management and controls, sensors and displays, and optocouplers products, components and assemblies.

Micropac Industries, Inc. (OTCMKTS:MPAD) Recent Trading Information

Micropac Industries, Inc. (OTCMKTS:MPAD) closed its last trading session 00.00 at 8.30 with 378 shares trading hands.