Date of
Report (Date of earliest event reported):May 6, 2008
WINLAND
ELECTRONICS, INC.
(Exact
name of registrant as specified in its charter)
Minnesota
(State
or Other Jurisdiction of Incorporation)
1-15637
41-0992135
(Commission
File Number)
(IRS
Employer
Identification
No.)
1950
Excel Drive
Mankato,
Minnesota 56001
(Address
of Principal Executive Offices) (Zip Code)
(507)
625-7231
(Registrant’s
telephone number, including area code)
Not
Applicable
(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:
o
Written communications pursuant to
Rule 425 under the Securities Act (17 CFR
230.425)
o
Soliciting material pursuant to
Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o
Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o
Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4c))
Item
1.01
Entry
into a Material Definitive
Agreement.
On May 6, 2008, the shareholders of
Winland Electronics, Inc. (the “Company”) approved the 2008 Equity Incentive
Plan, which provides for the issuance of up to 300,000 shares of the Company’s
Common Stock. A copy of the plan and forms of agreements to be used
under the plan are attached hereto as exhibits.
Item
9.01
Financial
Statements and Exhibits.
(a)
Financial
statements: None.
(b)
Pro forma financial
information: None.
(c)
Exhibits:
10.1
2008 Equity Incentive
Plan
10.2
Form of Incentive Stock Option
Agreement under the 2008 Equity Incentive Plan
10.3
Form of Nonqualified Stock Option
Agreement under the 2008 Equity Incentive Plan
10.4
Form of Restricted Stock Agreement
under the 2008 Equity Incentive
Plan
SIGNATURE
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.
WINLAND
ELECTRONICS, INC.
Date:
May 12, 2008
By:
/s/ Thomas
J. de Petra
Thomas
J. de Petra
President
and Chief Executive Officer
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
EXHIBIT
INDEX TO FORM 8-K
Date of
Report:
Commission File
No.:
May 6, 2008
1-15637
WINLAND
ELECTRONICS, INC.
EXHIBIT
NO. ITEM
10.1
2008 Equity Incentive
Plan
10.2
Form of Incentive Stock Option
Agreement under the 2008 Equity Incentive Plan
10.3
Form of Nonqualified Stock Option
Agreement under the 2008 Equity Incentive Plan
10.4
Form of Restricted Stock Agreement
under the 2008 Equity Incentive
Plan
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