OPTEX SYSTEMS HOLDINGS, INC. (OTCMKTS:OPXS) Files An 8-K Entry into a Material Definitive AgreementITEM 1.01 Entry into a Material Definitive Agreement
The Board of Directors of Optex Systems Holdings, Inc. has approved purchase of 700,000 shares of its common stock in a private transaction from The Longview Fund, L.P. The transaction was priced at the closing sale price on April 28, 2017 of $0.74 per share for a total transaction amount of $518,000. Upon repurchase today, the shares will be returned to treasury thereby reducing the total shares outstanding of Optex common stock from 8,190,101 to 7,491,101.
ITEM 9.01. Financial Statements and Exhibits
Exhibit 10.1 Form of Stock Repurchase Agreement
Exhibit 99.1 Press Release, dated May 1, 2017
About OPTEX SYSTEMS HOLDINGS, INC. (OTCMKTS:OPXS)
Optex Systems Holdings, Inc. manufactures optical sighting systems and assemblies, for the United States Department of Defense, foreign military applications and commercial markets. The Company operates in two segments: Optex Systems (OPX)-Richardson, and Applied Optics Center (AOC)-Dallas. The Company’s products are installed on various types of United States military land vehicles, such as the Abrams and Bradley fighting vehicles, light armored and armored security vehicles selected for installation on the Stryker family of vehicles. The Company also manufactures and delivers various periscope configurations, rifle and surveillance sights and night vision optical assemblies. Its product categories include Electronic sighting systems; Mechanical sighting systems; Laser protected plastic and glass periscopes; Non-laser protected plastic and glass periscopes, and Howitzer sighting systems. Its product line includes Periscopes, Sighting Systems, Other and Applied Optics Center. OPTEX SYSTEMS HOLDINGS, INC. (OTCMKTS:OPXS) Recent Trading Information
OPTEX SYSTEMS HOLDINGS, INC. (OTCMKTS:OPXS) closed its last trading session 00.000 at 0.740 with 60,900 shares trading hands.