UNITED STATES
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): August 16, 2006
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TEL-INSTRUMENT ELECTRONICS CORP
(Exact name of registrant as specified in its charter)
New Jersey 33-18978 22-1441806
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
728 Garden St
Carlstadt, New Jersey 07072 (201) 933-1600
(Address of principal (Registrant's telephone number,
executive offices) including area code)
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
|_| Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Section 7 - Regulation FD
Item 7.01. Regulation FD Disclosure
On August 16, 2006, the registrant issued a press release to
announce that it was informed by the Navy that an unsuccessful bidder
on the Intermediate Level TACAN Testers (ITATS) program has protested
the previously announced award to TIK.
In accordance with federal regulations, upon the filing of
the protest with the General Accounting Office (GAO), the Navy
instructed TIK to suspend its efforts on the contract until the matter
is resolved by the GAO. It is expected that a final GAO determination
will be made within 100 days. TIK has been provided with a redacted,
incomplete version of the protest which challenges the selection
process. Based upon the limited information available to date, TIK
does not believe, although no assurance can be given, that these
allegations have merit. TIK is closely following this situation and
will provide additional clarification when further information is
available.
A copy of the press release is attached as Exhibit A and
incorporated herein by reference.
SIGNATURE
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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 there unto duly authorized.
TEL-INSTRUMENT ELECTRONICS CORP
Date: August 16, 2006 By /s/ Harold K. Fletcher
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Harold K. Fletcher
Chairman and President
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