Sono-Tek Corporation (OTCMKTS:SOTK) Files An 8-K Other Events
Item 8.01 Other Events.
As reported in a Current Report on Form 8-K filed by Sono-Tek Corporation(the “Company”) on December 10, 2018, Christopher L. Coccio,Chairman of the Board and Chief Executive Officer of the Company, entered into a prearranged stock trading plan (the “10b5-1 Plan”) in accordance with the Securities and Exchange Commission’s (“SEC”)Rule 10b5-1. The 10b5-1 Plan provided for the sale of up to 120,761 shares of the Company’s common stock. On January 16, 2019,Dr. Coccioprovided notice of termination of the 10b5-1 Plan.
At the time of termination, sales of 600 shares had been made to the 10b5-1 Plan. All transactions under the 10b5-1 Plan have been disclosed through Form 4 filings with the SEC.
About Sono-Tek Corporation (OTCMKTS:SOTK)
Sono-Tek Corporation is engaged in the development, manufacture and sale of ultrasonic liquid atomizing nozzles. The Company utilizes its technology, ultrasonic spray coating, to provide customized coating solutions to a range of manufacturing companies, enabling to develop new products. The Company operates through two segments: ultrasonic spray coating systems, which is in the business of developing, manufacturing, selling, installing and servicing ultrasonic spray coating equipment, and real estate operations, which is in the business of owning and operating the Sono-Tek Industrial Park. The Company offers its products to a range of markets, including electronics, advanced energy (solar and fuel cells), medical device, glass, textiles and foods. The Company serves electronics industry in approximately two sectors, printed circuit board (PCB) manufacturing and semiconductor manufacturing. It offers products, such as SonoFlux 2000F, SelectaFlux, MediCoat I, Medicoat II and WideTrack.