vectr8-k.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
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) April 7, 2008 (March 17,
2008)
VECTr SYSTEMS
INC.
(Exact
name of registrant as specified in its charter)
Nevada
(State or
other jurisdiction of incorporation)
000-52412
(Commission
File Number)
20-2437159
(IRS
Employer Identification No.)
252 N. Washington Street,
Falls Church, VA 22046
(Address
of principal executive offices and Zip Code)
800-661-7830
(Registrant's
telephone number, including area code)
N/A
(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))
On March
17, 2008 EuroAvionics Navigationssysteme GmbH & Co. KG cancelled its
distribution agreement with us. There is no relationship between the
registrant or its affiliates and any of the parties and EuroAvionics
Navigationssysteme GmbH & Co. KG.
On
December 15, 2006, we entered into a distribution agreement with EuroAvionics
Navigationssysteme GmbH & Co. KG, a German company with a facility in
Stuttgart, Germany. In this distribution agreement, EuroAvionics granted to our
company the exclusive right to sell and service its EuroNav and EuroNav M line
of products under our new VECTr brand in a territory comprising North America,
Central America, South America (with the exception of Venezuela) and all
Caribbean countries that are not colonies of a European country (except Cuba).
Certain EuroAvionics accounts with customers in our exclusive territory are
excluded from this agreement.
EuroAvionics
Navigationssysteme GmbH & Co. KG had the right to terminate the contract if
we could not demonstrate the financial capacity to perform under the terms of
the agreement. With recent departure of Herb Lustig, our former
President and the volatility global capital markets, we could not adequately
finance the ongoing operations and at this time have made the decision to shut
the operations of the company down until such time as we can raise the necessary
capital to continue operations. There are no penalties for the
termination of the agreement.
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 hereunto
duly authorized.
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VECTr
Systems, Inc. |
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Date:
April 7, 2008
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By:
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/s/Robert
Knight |
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Robert
Knight |
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President
and Director |
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