---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-052497"
form_type: "8-K"
ticker: null
cik: "0000065759"
company_name: "MICROPAC INDUSTRIES INC"
filed_at: "2024-12-30T23:59:59+00:00"
generated_at: "2026-05-28T22:56:45.730206+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Teledyne completes $57.3M acquisition of Micropac; shareholders get $20/share cash

## Summary
- Merger completed Dec 30, 2024; Micropac becomes wholly owned Teledyne subsidiary, renamed Teledyne Micropac.
- Stockholders received $20.00 per share in cash; total enterprise value ~$57.3M based on Micropac's net debt.
- Mark W. King resigned as CEO/President and from board; Patrick Cefalu resigned as VP/CFO; five other directors resigned.
- All Frost Bank loans repaid in full; liens released.
- Common stock halted on OTCBB; Teledyne intends to file Form 15 to terminate SEC registration and reporting.

## SEC filing metadata
- accession: 0001493152-24-052497
- form_type: 8-K
- cik: 0000065759
- company_name: MICROPAC INDUSTRIES INC
- filed_at: 2024-12-30T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.02, 2.01, 3.03, 5.01, 5.02, 5.03, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/65759/000149315224052497/0001493152-24-052497-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/65759/000149315224052497/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-052497
- JSON: https://secwatch.observer/filing/0001493152-24-052497.json
- Plain text: https://secwatch.observer/filing/0001493152-24-052497.txt

## Key facts
- Governance Changes
  MICROPAC INDUSTRIES INC: Amended and restated certificate of incorporation.
  - Change: charter amendment
  source text: the Company’s certificate of incorporation, as in effect immediately prior to the Effective Time, was amended and restated in its entirety
  evidence_url: https://www.sec.gov/Archives/edgar/data/65759/000149315224052497/0001493152-24-052497-index.htm
- Governance Changes
  MICROPAC INDUSTRIES INC: Amended and restated bylaws.
  - Change: bylaw amendment
  source text: the Company’s bylaws, as in effect immediately prior to the Effective Time, were amended and restated in their entirety
  evidence_url: https://www.sec.gov/Archives/edgar/data/65759/000149315224052497/0001493152-24-052497-index.htm
- M&A Transactions
  MICROPAC INDUSTRIES INC underwent a change of control involving Teledyne Technologies Incorporated for $20.00 per share in cash (closed 2024-12-30).
  - Action: change of control
  - Counterparty: Teledyne Technologies Incorporated
  - Consideration: $20.00 per share in cash
  - Closing: 2024-12-30
  source text: completion of the previously announced merger of Micropac with a wholly-owned subsidiary of Teledyne. Under the terms of the merger agreement, Micropac stockholders received $20.00 per share in cash without interest and subject to required withholding taxes. The all-cash transaction valued Micropac at approximately $57.3 million, taking into account
  evidence_url: https://www.sec.gov/Archives/edgar/data/65759/000149315224052497/0001493152-24-052497-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.