<SEC-DOCUMENT>0001534424-14-000199.txt : 20140709
<SEC-HEADER>0001534424-14-000199.hdr.sgml : 20140709
<ACCEPTANCE-DATETIME>20140709163313
ACCESSION NUMBER:		0001534424-14-000199
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20140702
ITEM INFORMATION:		Entry into a Material Definitive Agreement
FILED AS OF DATE:		20140709
DATE AS OF CHANGE:		20140709

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PRO DEX INC
		CENTRAL INDEX KEY:			0000788920
		STANDARD INDUSTRIAL CLASSIFICATION:	SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841]
		IRS NUMBER:				841261240
		STATE OF INCORPORATION:			CO
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-14942
		FILM NUMBER:		14967566

	BUSINESS ADDRESS:	
		STREET 1:		2361 MCGAW AVENUE
		CITY:			IRVINE
		STATE:			CA
		ZIP:			92614
		BUSINESS PHONE:		949-769-3200

	MAIL ADDRESS:	
		STREET 1:		2361 MCGAW AVENUE
		CITY:			IRVINE
		STATE:			CA
		ZIP:			92614
</SEC-HEADER>
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<TYPE>8-K
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<FILENAME>f14-0643.htm
<DESCRIPTION>8-K FILING
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<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 4pt 0 0; text-align: center"><B>UNITED STATES </B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Washington, D.C. 20549 </B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center"><B>CURRENT REPORT </B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center"><B>Pursuant to Section 13 or 15(d) of
the</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Securities Exchange Act of 1934</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center"><B>Date of Report</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(Date of earliest event reported)</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>July 2, 2014</B></P>

<P STYLE="font: 24pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center"><B>PRO-DEX, INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(Exact name of registrant as specified in
its charter)</B></P>

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    <td style="vertical-align: top; font: 11pt Calibri, Helvetica, Sans-Serif; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>COLORADO</b></font></td>
    <td style="vertical-align: bottom">&nbsp;</td>
    <td style="vertical-align: top; font: 11pt Calibri, Helvetica, Sans-Serif; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>0-14942</b></font></td>
    <td style="vertical-align: bottom">&nbsp;</td>
    <td style="vertical-align: top; font: 11pt Calibri, Helvetica, Sans-Serif; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>84-1261240</b></font></td></tr>
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    <td style="vertical-align: top">
        <P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>(State or other jurisdiction</b></P>
        <P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0 0 1pt; text-align: center"><b>of incorporation)</b></P></td>
    <td style="vertical-align: bottom">&nbsp;</td>
    <td style="vertical-align: top">
        <P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>(Commission</b></P>
        <P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0 0 1pt; text-align: center"><b>File Number)</b></P></td>
    <td style="vertical-align: bottom">&nbsp;</td>
    <td style="vertical-align: top">
        <P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>(I.R.S. Employer</b></P>
        <P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0 0 1pt; text-align: center"><b>Identification Number)</b></P></td></tr>
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    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: center">
    <TD><B>2361 McGaw Avenue, Irvine, California</B></TD>
    <TD><B>92614</B></TD></TR>
<TR STYLE="font: 7.5pt Times New Roman, Times, Serif; vertical-align: top; text-align: center">
    <TD>(Address of Principal Executive Offices)</TD>
    <TD>(Zip Code)</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center"><B>(Registrant&rsquo;s telephone number, including
area code) (949) 769-3200</B></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 3pt; text-align: left">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:</P>

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    <td style="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</font></td></tr>
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    <td style="width: 4%; font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left"><font style="font: 10pt Wingdings">&#168;</font></td>
    <td style="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></td></tr>
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    <td style="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></td></tr>
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<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: left">&nbsp;</P>

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    <td style="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></td></tr>
</table>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B>Item 1.01&nbsp;&nbsp;&nbsp;&nbsp;Entry into a Material Definitive Agreement </B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0.5in; margin-right: 0; margin-left: 0">On
July 2, 2014, Pro-Dex, Inc. (&ldquo;Pro-Dex&rdquo; or the &ldquo;Company&rdquo;) made an initial deposit in the amount of $10,000
to open an escrow account to facilitate the purchase of substantially all of the assets of a Northern California-based sole proprietorship
(&ldquo;Target&rdquo;) that is engaged in the manufacture of machined parts, primarily for customers in the oil and electronics
industries (the &ldquo;Transaction&rdquo;). The initial deposit was made pursuant to an Asset Purchase Agreement between the Company
and Target dated June 23, 2014 (the &ldquo;Agreement&rdquo;), which Agreement became effective upon the Company making the initial
deposit. Pursuant to the terms of the Agreement, the Company is required to make another $10,000 deposit upon the Company&rsquo;s
satisfactory completion of due diligence. The deposits, less escrow costs, are refundable to the Company if the Transaction is
not consummated due to a failure of certain closing conditions to be satisfied.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0.5in; margin-right: 0; margin-left: 0">The
aggregate purchase price for the Transaction is $225,000 (inclusive of deposit amounts), subject to adjustment for Target&rsquo;s
inventory at closing. Upon consummation of the Transaction, the Company will pay the balance of the purchase price and the deposits
will be released to Target. The Asset Purchase Agreement contains representations, warranties, covenants and closing conditions
customary for a transaction of this type.</P>


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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: left; text-indent: 24.5pt">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>

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<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 45%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 5%; text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="width: 45%">COMARCO, INC.</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>Date: July 9, 2014</TD>
    <TD STYLE="text-align: left; vertical-align: bottom">&nbsp;By:</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; border-bottom: Black 1pt solid">/s/&nbsp;&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">Harold A. Hurwitz</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Harold A. Hurwitz</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Chief Executive Officer &amp; Chief Financial Officer</TD></TR>
</TABLE>



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