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HICKOK INC FILES (8-K) Disclosing Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits

May 30, 2014



Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

Between May 21, 2014 and May 29, 2014, Hickok Incorporated (the "Company") entered into a series of unsecured Credit Promissory Notes (the "Notes") with Robert L. Bauman (the "Lender") in the aggregate principal amount of $233,400. The Notes shall become due and payable in full at the discretion of Lender. The interest rate applicable to the principal amount of each of the Notes is 4% per annum, computed on a monthly basis, until such principal amount is paid in full. Lender is a director of the Company, as well as its President and Chief Executive Officer.

Copies of the Notes are included as Exhibits 10.5 and 10.6 to this Current Report on Form 8-K, and the above summary is qualified in its entirety by reference to such Exhibits.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit

Number Description of Exhibit

10.5 Credit Promissory Note between the Company and Robert L. Bauman, dated May 21, 2014. 10.6 Credit Promissory Note between the Company and Robert L. Bauman, dated May 29, 2014.



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Source: Edgar Glimpses