<SEC-DOCUMENT>0001144204-14-012783.txt : 20140303
<SEC-HEADER>0001144204-14-012783.hdr.sgml : 20140303
<ACCEPTANCE-DATETIME>20140303133732
ACCESSION NUMBER:		0001144204-14-012783
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20140228
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20140303
DATE AS OF CHANGE:		20140303

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HURCO COMPANIES INC
		CENTRAL INDEX KEY:			0000315374
		STANDARD INDUSTRIAL CLASSIFICATION:	INDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL [3823]
		IRS NUMBER:				351150732
		STATE OF INCORPORATION:			IN
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-09143
		FILM NUMBER:		14659540

	BUSINESS ADDRESS:	
		STREET 1:		ONE TECHNOLOGY WAY
		CITY:			INDIANAPOLIS
		STATE:			IN
		ZIP:			46268
		BUSINESS PHONE:		3172935309

	MAIL ADDRESS:	
		STREET 1:		ONE TECHNOLOGY WAY
		CITY:			INDIANAPOLIS
		STATE:			IN
		ZIP:			46268

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HURCO MANUFACTURING CO INC
		DATE OF NAME CHANGE:	19850324
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>v370380_8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">UNITED STATES</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SECURITIES AND EXCHANGE COMMISSION</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Washington,
DC 20549</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>CURRENT
REPORT Pursuant</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>to
Section 13 or 15(d) of the</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Securities
Exchange Act of 1934</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">Date of report
</FONT>(Date of earliest event reported) <FONT STYLE="font-size: 10pt">February 28, 2014</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 100%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: center"><font style="font-size: 10pt">Hurco Companies, Inc.</font></td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: center"><font style="font-size: 10pt">(Exact Name of Registrant as Specified in Its Charter</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 100%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: center"><font style="font-size: 10pt">Indiana</font></td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: center"><font style="font-size: 10pt">(State or Other Jurisdiction of Incorporation</font></td></tr>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 47%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-size: 10pt">0-9143</font></td>
    <TD STYLE="width: 6%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</td>
    <TD STYLE="width: 47%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-size: 10pt">35-1150732</font></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-size: 10pt">(Commission File Number)</font></td>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</td>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-size: 10pt">(I.R.S. Employer Identification Number)</font></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</td>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</td>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-size: 10pt">One Technology Way</font></td>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</td>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; font-weight: bold">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-size: 10pt">Indianapolis, Indiana</font></td>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-size: 10pt">46268</font></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-size: 10pt">(Address of principal executive offices)</font></td>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</td>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-size: 10pt">(Zip code)</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 100%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-size: 10pt">(317) 293-5309</font></td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-size: 10pt">(Registrant&rsquo;s Telephone Number, Including Area Code</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 100%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-size: 10pt">Not Applicable</font></td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-size: 10pt">(Former Name or Former Address, if Changed Since Last Report)</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">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 (<I>see </I>General Instruction A.2. below):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#9;<FONT STYLE="font-family: Wingdings">o</FONT>&#9;Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#9;<FONT STYLE="font-family: Wingdings">o</FONT>&#9;Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#9;<FONT STYLE="font-family: Wingdings">o</FONT>&#9;Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#9;<FONT STYLE="font-family: Wingdings">o</FONT>&#9;Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
    <TD STYLE="width: 1in"><font style="font: 10pt Times New Roman, Times, Serif"><b>Item 5.02</b></font></td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif"><b>Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</b></font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On February 28, 2014, Hurco Companies, Inc.
(the &quot;Company&quot;) reached an agreement with its Chief Financial Officer, John G. Oblazney, regarding his departure from
the Company, effective February 28, 2014.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Company entered into a Separation and
Release Agreement (the &quot;Agreement&quot;) with Mr.&nbsp;Oblazney which specifies the financial terms of his separation and
releases the Company from any liability in connection with his service or separation.&nbsp;&nbsp;The Agreement provides for the
Company to make a one-time lump sum payment of $350,000 to Mr.&nbsp;Oblazney.&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On February 28, 2014,
the Board of Directors appointed Sonja&nbsp;K. McClelland to the additional offices of Interim Chief Financial Officer and Secretary.
Ms. McClelland is 42 years old and has been employed by the Company since September 1996. She was elected Corporate Controller
and Assistant Secretary in November 2004. Ms. McClelland served as Corporate Accounting Manager from September 1996 to 1999, then
as Division Controller for Hurco USA from September 1999 to November 2004. Prior to joining the Company, Ms. McClelland was employed
for three years by an international public accounting firm. No changes have been made to her compensation at this time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On March 3, 2014, the Company issued a press
release announcing these developments. A copy of the press release and the Agreement are filed as exhibits to this report and are
hereby incorporated by reference into this Item 5.02.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
    <TD STYLE="width: 1in"><font style="font: 10pt Times New Roman, Times, Serif"><b>Item 9.01</b></font></td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif"><b>Financial Statements and Exhibits.</b></font></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="text-align: right">&nbsp;</td>
    <TD>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">(c)</font></td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif">Exhibits</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
    <TD STYLE="width: 1in">&nbsp;</td>
    <TD STYLE="width: 1.5in"><font style="font: 10pt Times New Roman, Times, Serif">Exhibit 10.1</font></td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif">Separation and Release Agreement between the Company and John G. Oblazney dated February 28, 2014.</font></td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</td>
    <TD STYLE="text-align: right">&nbsp;</td>
    <TD>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif">Exhibit 99.1</font></td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif">Press Release dated March 3, 2014.</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</td>
    <TD COLSPAN="2" STYLE="padding: 0; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Dated:&nbsp;&nbsp;March 3, 2014</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">HURCO COMPANIES, INC.</P></td>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="width: 57%; padding: 0; text-indent: 0">&nbsp;</td>
    <TD STYLE="width: 3%; padding: 0; text-indent: 0">&nbsp;</td>
    <TD STYLE="width: 35%; padding: 0; text-indent: 0">&nbsp;</td>
    <TD STYLE="width: 5%; padding: 0; text-indent: 0">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</td>
    <TD STYLE="padding: 0; text-indent: 0"><font style="font: 10pt Times New Roman, Times, Serif">By: </font></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding: 0; text-indent: 0"><font style="font: 10pt Times New Roman, Times, Serif">/s/&nbsp;Sonja K. McClelland</font></td>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</td>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</td>
    <TD NOWRAP STYLE="padding: 0; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Interim Chief Financial Officer, Secretary,</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Corporate Controller and Principal Accounting Officer</P></td>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</td>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</td>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</td>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</td>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</td>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</td>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>INDEX TO EXHIBITS&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 0.5in; padding: 0; text-indent: 0">&nbsp;</td>
    <TD STYLE="width: 1in; padding: 0; text-indent: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b><u>Exhibit No.</u></b></font></td>
    <TD STYLE="padding: 0; text-indent: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b><u>Description</u></b></font></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</td>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</td>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</td>
    <TD STYLE="padding: 0; text-indent: 0"><font style="font: 10pt Times New Roman, Times, Serif">10.1</font></td>
    <TD STYLE="padding: 0; text-indent: 0"><font style="font: 10pt Times New Roman, Times, Serif">Separation and Release Agreement between the Company and John G. Oblazney dated February 28, 2014.</font></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</td>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</td>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</td>
    <TD STYLE="padding: 0; text-indent: 0"><font style="font: 10pt Times New Roman, Times, Serif">99.1</font></td>
    <TD STYLE="padding: 0; text-indent: 0"><font style="font: 10pt Times New Roman, Times, Serif">Press Release dated March 3, 2014.</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

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<TYPE>EX-10.1
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<DESCRIPTION>EXHIBIT 10.1
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.1</B></P>



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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>SEPARATION AND RELEASE AGREEMENT</U></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">This Separation and Release
Agreement (this &ldquo;<U>Agreement</U>&rdquo;) is made by Hurco Companies, Inc. (the &ldquo;<U>Company</U>&rdquo;) and John G.
Oblazney (&ldquo;<U>Oblazney</U>&rdquo;) as of February 28, 2014 (the &ldquo;<U>Separation Date</U>&rdquo;).<FONT STYLE="font-size: 10pt; font-variant: small-caps"><B>
</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>Recitals</U></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">A.&#9;</FONT>Oblazney
has been employed with the Company pursuant to that certain Employment Agreement, dated March 15, 2012 (the &ldquo;<U>Employment
Agreement</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">B.&#9;</FONT>Oblazney
has resigned his employment with the Company effective as of the Separation Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">C.&#9;</FONT>In
recognition of Oblazney&rsquo;s loyal service to the Company and in consideration of Oblazney&rsquo;s release and waiver of any
and all claims Oblazney may have against the Company Released Parties (as defined in Section&nbsp;4 below) and his compliance with
the other covenants of this Agreement, the Company is willing to provide certain special post-employment compensation to Oblazney
in accordance with the terms of this Agreement. In exchange for certain special post-employment compensation as described in this
Agreement, Oblazney is willing to waive, and to release the Company Released Parties from, any and all rights or claims that Oblazney
may have and to abide by the covenants and provisions contained in this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>Agreement</U></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">In consideration of the
covenants and promises hereby provided, the actions taken pursuant thereto, and other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the Company and Oblazney agree as follows:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.&#9;</FONT><B>Separation
of Employment.</B> Oblazney and the Company agree that Oblazney has resigned his employment with the Company effective on the Separation
Date. Oblazney hereby resigns, effective as of the Separation Date, from his position as Chief Financial Officer, Vice President,
Secretary and Treasurer of the Company and also resigns from all other positions (whether as an employee, officer, director, manager,
agent, representative or otherwise) he holds with the Company or each of its subsidiaries or other affiliates. The Company will
pay Oblazney his earned but unpaid salary through the Separation Date and any accrued but unused vacation time as of the Separation
Date (such earned but unpaid salary and accrued but unused vacation time being collectively referred to as the &ldquo;<U>Final
Wages</U>&rdquo;). The Company will pay Oblazney the Final Wages on or before the Company&rsquo;s next regular payroll date after
the Separation Date. Oblazney acknowledges that, except for the Final Wages, the Company has paid Oblazney all wages and other
compensation to which Oblazney is entitled in connection with Oblazney&rsquo;s employment with the Company and that, except as
provided in this Agreement, Oblazney is not entitled to any additional compensation, including, without limitation, salary, wages,
vacation or bonuses, from the Company. The Company&rsquo;s obligation to pay Oblazney the Final Wages is not contingent on Oblazney
entering into this Agreement or this Agreement becoming effective, and the Company will pay Oblazney the Final Wages regardless
of whether Oblazney enters into this Agreement or this Agreement becomes effective.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">2.&#9;</FONT><B>Special
Post-Employment Compensation.</B> Contingent on this Agreement becoming effective (as set forth in Section&nbsp;5 below), the Company
agrees to provide Oblazney with the following post-employment compensation (which Oblazney acknowledges that he is not entitled
to receive unless he enters into this Agreement): The Company will pay Oblazney the gross sum of Three Hundred Fifty Thousand Dollars
($350,000.00), payable in a single payment, less all applicable payroll tax withholdings, within ten (10) days after this Agreement
becomes effective (as set forth in Section 5 below).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">3.&#9;</FONT><B>Termination
of Employee Benefits.</B> Except for any applicable COBRA rights or as otherwise may be expressly provided in any applicable employee
benefit plans, Oblazney&rsquo;s eligibility to participate in, and/or Oblazney&rsquo;s receipt of, all employee benefits terminated
as of the Separation Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.&#9;</FONT><B>General
Release of Claims.</B> To the fullest extent permitted by applicable laws, Oblazney hereby generally, irrevocably and unconditionally
releases and forever discharges and covenants not to sue the Company, all of its subsidiaries, affiliates, successors and assigns,
and all of its and their current and/or former employees, officers, members, managers, shareholders, owners, directors, trustees,
representatives, agents, insurers, attorneys, employee benefit plans and their fiduciaries and administrators, and all persons
acting by, through, or under or in concert with any of them, both individually and in their representative capacities (collectively,
including without limitation the Company, the &ldquo;<U>Company Released Parties</U>&rdquo;) from any and all complaints, claims,
demands, liabilities, damages, obligations, injuries, actions or rights of action of any nature whatsoever, (including without
limitation claims for damages, attorneys&rsquo; fees, interest and costs), whether known or unknown, disclosed or undisclosed,
administrative or judicial, suspected or unsuspected, that exist in whole or in part as of the date Oblazney signs this Agreement,
including, but not limited to, any claims based upon, arising out of or in any manner connected with the Employment Agreement,
Oblazney&rsquo;s employment with the Company, the separation of Oblazney&rsquo;s employment with the Company, and/or any acts,
omissions or events occurring on or before the date Oblazney signs this Agreement. Without limiting the generality of the foregoing,
Oblazney acknowledges that the foregoing release/covenant not to sue is to be construed as broadly as possible and includes, but
is not limited to, and constitutes a complete waiver of, any and all possible claims Oblazney has or may have against the Company
Released Parties under or with respect to the Age Discrimination in Employment Act of 1967, as amended (including the Older Workers
Benefit Protection Act), 29&nbsp;U.S.C.&nbsp;&sect;&nbsp;621 <I>et seq.</I>, the Civil Rights Act of 1964 and 1991, as amended,
29&nbsp;U.S.C.&nbsp;&sect;&nbsp;2000(e), the Americans With Disabilities Act of 1990, as amended, 42&nbsp;U.S.C.&nbsp;&sect;&nbsp;12,101
<I>et seq.</I>, the Employee Retirement Income Security Act of 1974, as amended, 29&nbsp;U.S.C.&nbsp;&sect;&nbsp;1001 <I>et seq.</I>,
all other federal, state and local laws and statutes, all wrongful discharge or other state law claims and all contract claims
or other theories of recovery as of the date Oblazney signs this Agreement; provided, however, Oblazney and the Company acknowledge
and agree that the foregoing release/covenant not to sue does not release or affect (a) any rights Oblazney may have with respect
to any vested benefits under any employer benefit plans or programs of the Company, including without limitation under either the
Hurco Companies, Inc. 1997 Equity Incentive Plan and the Hurco Companies, Inc. 2008 Equity Incentive Plan; (b)&nbsp;any of Oblazney&rsquo;s
rights under this Agreement, (c)&nbsp;any claims for reimbursement of business expenses incurred prior to the Separation Date or
(d)&nbsp;any rights or claims that may arise after the date Oblazney signs this Agreement. Oblazney has been advised by the Company
that this Agreement does not prohibit Oblazney from filing an administrative charge of discrimination with a governmental agency
such as the United States Equal Employment Opportunity Commission (&ldquo;<U>EEOC</U>&rdquo;) relating to his employment with any
of the Company Released Parties; provided, however, Oblazney waives and releases, to the fullest extent permitted by law, any and
all entitlement to any form of personal relief arising from such charge or any legal action relating to such charge. Should the
EEOC, any other administrative agency or other person bring a complaint, charge or legal action on Oblazney&rsquo;s behalf against
any of the Company Released Parties based on any acts, events or omissions occurring on or before the date Oblazney signs this
Agreement, Oblazney hereby waives any rights to, and will not accept, any remedy obtained through the efforts of such agency or
person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">5.&#9;</FONT><B>Age
Act Advisements.</B> Oblazney acknowledges: (a)&nbsp;the Company has advised Oblazney that by entering into this Agreement, Oblazney
is waiving and releasing all claims against the Company Released Parties under the Age Discrimination in Employment Act of 1967,
as amended (including the Older Workers Benefit Protection Act), 29 U.S.C. &sect;&nbsp;621 <I>et seq.</I>, as of the date Oblazney
signs this Agreement; (b)&nbsp;the Company has advised Oblazney to consult with an attorney prior to signing this Agreement; (c)&nbsp;the
Company has advised Oblazney that he has up to twenty-one (21) days to consider and accept this Agreement by signing and returning
this Agreement to the Company; (d) the Company has advised Oblazney that for a period of seven (7) days following Oblazney&rsquo;s
signing of this Agreement, Oblazney may revoke this Agreement by written notice to the Company; and (e)&nbsp;this Agreement will
not become binding and enforceable until the seven-day revocation period has expired without Oblazney having exercised his right
of revocation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.&#9;</FONT><B>No
Actions Commenced. </B>Oblazney<B> </B>represents and warrants that, as of the date of signing this Agreement: (a) Oblazney has
not filed or submitted any complaint, charge or action of any kind in any forum, judicial, administrative or otherwise, against
any of the Company Released Parties; (b) Oblazney has no charges or complaints pending against any of the Company Released Parties
with the EEOC or any other federal, state or local governmental agency; and (c) Oblazney is not aware of any undisclosed or unresolved
corporate or regulatory compliance issues involving the Company arising under any federal, state or local law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">7.&#9;</FONT><B>Cooperation
and Transition Assistance.</B> Oblazney agrees, that for the period beginning on the Separation Date and ending November 30, 2014,
he will cooperate with the Company in the transition of knowledge he may have as of the Separation Date respecting or related to
the Company and its subsidiaries by making himself reasonably available, upon reasonable advance request, to answer questions or
otherwise provide information known to him, all without any additional remuneration; provided, however, the foregoing cooperation
obligation shall not preclude Oblazney from obtaining other employment or in any way interfere unreasonably with any such other
employment. Oblazney further agrees and covenants that if the Company desires Oblazney to provide any information or testimony
relating to any judicial, administrative or other proceeding involving the Company (or any of its subsidiaries or other affiliates),
Oblazney will cooperate in making himself reasonably available for such purposes and will provide truthful information and/or testimony.
The Company agrees to reimburse Oblazney for all necessary and reasonable out-of-pocket expenses Oblazney incurs in connection
with such matters. Should Oblazney be served with a subpoena or other legal process in any proceeding relating to the Company (or
any of its subsidiaries or other affiliates), Oblazney agrees: (a)&nbsp;to inform the Company immediately of such subpoena or legal
process; (b)&nbsp;to cooperate with the Company and its attorneys in preparing for any hearings, depositions or other formal process
by which evidence is taken or received; and (c)&nbsp;to provide truthful evidence in response to questions that are within the
scope of proper discovery. Oblazney further agrees to comply with any reasonable, lawful directions by the Company&rsquo;s attorneys
should any litigation relating to the Company (or any of its subsidiaries or other affiliates) involve Oblazney as a witness.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">8.&#9;</FONT><B>Return
of Company Property.</B> Oblazney represents and covenants (a)&nbsp;that he has returned, or will immediately return, to the Company
all property belonging to the Company, including, but not limited to, keys, access cards, files, equipment, business plans, financial
statements, computer disks or files, documents and/or any such other Company property in his possession or custody or under his
control, and (b)&nbsp;that he will not retain copies of any the Company&rsquo;s files, documents or other property.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">9.&#9;</FONT><B>No
Severance Plan or Other Benefits.</B> Oblazney acknowledges and agrees that, except as expressly provided in this Agreement, Oblazney
is not entitled to any severance payments or compensation or other benefits under any other plan or program that may be maintained
by the Company, and Oblazney hereby waives any and all rights he may have under any such plans or programs.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">10.&#9;</FONT><B>No
Admission.</B> This Agreement and the actions taken pursuant to this Agreement do not constitute an admission by either party of
any wrongdoing or liability, and each party expressly denies any wrongdoing or liability.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">11.&#9;</FONT><B>Successors.</B>
The Company shall have the right to assign this Agreement. This Agreement shall inure to the benefit of and may be enforced by
the Company and its successors and assigns, including, without limitation, by asset assignment, merger consolidation or other corporate
reorganization. Oblazney shall not have the right to assign this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">12.&#9;</FONT><B>Entire
Agreement; Modification.</B> This Agreement constitutes the entire agreement of the parties with respect to the subject matter
addressed herein and supersedes any prior agreements, understandings or representations, oral or written, with respect to the subject
matter addressed in this Agreement except for the provisions of the Employment Agreement relating to the post-employment obligations
of Oblazney, including, without limitation, Section&nbsp;8 (Non-Disclosure of Confidential Information), Section&nbsp;9 (Restrictive
Covenants), Section&nbsp;10 (Company Property), Section&nbsp;11 (Remedies) and all related procedural provisions, all of which
sections and provisions shall remain in effect. Oblazney acknowledges that he does not have any continuing rights or claims under
the Employment Agreement. Oblazney acknowledges that he is not relying on any representations, statements, promises or inducements,
whether oral or written, made by the Company or its representatives except those expressly stated in this Agreement. This Agreement
may not be amended, supplemented, or modified except by a written agreement signed by both Oblazney and a duly authorized officer
of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">13.&#9;</FONT><B>Governing
Law.</B> This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of Indiana, without
application of its conflict of law rules. The Company and Oblazney agree that any legal action arising out of or relating to this
Agreement shall be commenced and maintained exclusively before any appropriate state court of record in Marion County, Indiana,
or in the United States District Court for the Southern District of Indiana, Indianapolis Division, and the parties hereby submit
to the personal jurisdiction and venue of such courts and waive any right to challenge or otherwise object to personal jurisdiction
or venue in any action commenced or maintained in such courts.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">14.&#9;</FONT><B>Severability.</B>
If any provision or portion of this Agreement is determined by a court of competent jurisdiction to be unenforceable or invalid
for any reason, such unenforceability or invalidity shall not affect the enforceability or invalidity of the remainder of the Agreement.
Should any covenant or provision of this Agreement be determined by a court of competent jurisdiction to be unenforceable or invalid
for any reason, such covenant or provision shall be enforced to the maximum extent permitted by applicable law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">15.&#9;</FONT><B>Construction.</B>
This Agreement is the result of negotiations between the parties, and no party shall be deemed to be the drafter of this Agreement.
This Agreement shall be interpreted without any presumption or inference based upon or against the party causing this Agreement
to be prepared. The language of this Agreement shall in all cases be construed as a whole, according to its fair meaning, and not
strictly for or against any party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">16.&#9;</FONT><B>Counterparts.</B>
This Agreement may be executed in one or more counterparts (or upon separate signature pages bound together into one or more counterparts),
all of which taken together shall constitute but one agreement. Signatures transmitted by facsimile or other electronic means are
acceptable the same as original signatures for execution of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">17.&#9;</FONT><B>Acknowledgment.</B>
Oblazney acknowledges that he has read this Agreement, that he has had ample time to consider this Agreement, that he has had the
opportunity to consult with his own attorney concerning this Agreement, and that he is knowingly and voluntarily entering into
this Agreement, intending to be legally bound.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">IN WITNESS WHEREOF, the
Company and Oblazney have executed this Agreement on the dates indicated below, intending it to become effective as set forth above.</P>

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    <TD STYLE="width: 35%; padding: 0; text-align: justify; text-indent: 0"><B>OBLAZNEY</B></TD>
    <TD STYLE="width: 30%; padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 35%; padding: 0; text-align: justify; text-indent: 0"><B>COMPANY</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0"><B>HURCO COMPANIES, INC.</B></TD></TR>
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    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0; text-indent: 0">/s/ John G. Oblazney</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0; text-indent: 0">By: /s/ Michael Doar</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">John G. Oblazney</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">Michael Doar</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">Chairman and CEO</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0; text-indent: 0">Date:&nbsp;&nbsp;February 28, 2014</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0; text-indent: 0">Date: February 28, 2014</TD></TR>
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<TYPE>EX-99.1
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<FILENAME>v370380_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 99.1</B></P>



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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">FOR IMMEDIATE RELEASE</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="text-transform: uppercase">March
3, 2014</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-style: normal"><B>HURCO
REPORTS DEPARTURE OF SENIOR OFFICER</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>INDIANAPOLIS, INDIANA
&mdash; March 3, 2014, </B>Hurco Companies, Inc. (Nasdaq Global Select Market: HURC) today announced the departure of its Chief
Financial Officer, John G. Oblazney. Mr. Oblazney resigned from his positions as Vice President, Secretary, Treasurer and Chief
Financial Officer of the Company effective February 28, 2014, to pursue other interests. The functions previously performed by
Mr. Oblazney will be performed in the interim by Sonja K. McClelland, Corporate Controller and Principal Accounting Officer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Michael Doar, Chairman and Chief Executive
Officer stated, &ldquo;I want to thank John for his many years of dedicated service. His operational experience, combined with
his energy and leadership skills have benefited the company over the last seven and a half years. He was instrumental in assisting
our management team in developing our international markets.&rdquo;&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Hurco Companies, Inc. is an industrial
technology company that designs and produces interactive computer controls, software and computerized machine tools and machine
tool components for the worldwide metal cutting and metal forming industry. The end market for the Company&rsquo;s products consists
primarily of independent job shops and short-run manufacturing operations within large corporations in industries such as aerospace,
defense, medical equipment, energy, transportation and computer equipment. The Company is based in Indianapolis, Indiana, with
manufacturing operations in Taiwan, Italy, and China, and sells its products through direct and indirect sales forces throughout
North America, Europe, and Asia. The Company has sales, application engineering support and service subsidiaries in China, England,
France, Germany, India, Italy, Poland, Singapore, South Africa and the United States of America. &nbsp;Web Site: www.hurco.com</P>

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<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This news release contains forward
looking statements which involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance
or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking
statements. These factors include, among others, the cyclical nature of the machine tool industry, changes in general economic
and business conditions that affect demand for our products, the risks of our international operations, changes in manufacturing
markets, innovations by competitors, the ability to protect our intellectual property, fluctuations in foreign currency exchange
rates, increases in prices of raw materials, quality and delivery performance by our vendors, our ability to effectively integrate
acquisitions, uncertainty concerning our ability to use tax loss carryforwards and governmental actions and initiatives including
import and export restrictions and tariffs.</P>

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    <TD STYLE="width: 1in; padding: 0; text-align: justify; text-indent: 0">Contact:&nbsp;&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">Michael Doar</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">Chairman, Chief Executive Officer</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">317-293-5309</TD></TR>
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