UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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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 27, 2008
PARAGON TECHNOLOGIES, INC.
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(Exact Name of Issuer as Specified in Charter)
DELAWARE 1-15729 22-1643428
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(State or Other Jurisdiction of (Commission File Number) (I.R.S. Employer
Incorporation or Organization) Identification Number)
600 KUEBLER ROAD, EASTON, PENNSYLVANIA 18040
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(Address of Principal Executive Offices)
(610) 252-3205
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(Registrant's Telephone Number, Including Area Code)
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(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K 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
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act
This Current Report on Form 8-K is filed by Paragon Technologies, Inc., a
Delaware corporation ("Paragon" or the "Company"), in connection with the
matters described herein.
Item 8.01. Other Events.
On August 27, 2008, the Company announced that its Board of
Directors amended its existing stock repurchase program by increasing the amount
it has authorized management to repurchase from up to $17,000,000 of the
Company's common stock to up to $20,000,000. The stock repurchases may, at the
discretion of the Company's management, be made from time to time on the open
market or in privately negotiated transactions.
Under the stock repurchase program, the Company may repurchase
shares of its common stock from time to time in compliance with SEC regulations
and subject to market conditions. The stock repurchase program does not require
the Company to acquire any specific number of shares, and the Company may
terminate the program at any time. Subject to the $20,000,000 limitation, of
which approximately $4,416,000 remains available for repurchases under the stock
repurchase program, the timing and quantity of any stock repurchases will be at
the sole discretion of the Company.
A copy of the press release announcing the amendment to the
existing stock repurchase program is attached hereto as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits
The following exhibits are filed with this Form 8-K:
(c) Exhibit No. Description
99.1 Press Release of Paragon Technologies, Inc. dated
August 27, 2008.
SIGNATURES
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.
PARAGON TECHNOLOGIES, INC.
Date: August 27, 2008 By: /s/ Leonard S. Yurkovic
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Leonard S. Yurkovic
Acting CEO
Index of Exhibits
(c) Exhibit No. Description
99.1* Press Release of Paragon Technologies, Inc. dated
August 27, 2008.
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* Filed herewith