Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table


                                                   UNITED STATES
                                        SECURITIES AND EXCHANGE COMMISSION
                                              Washington, D.C. 20549

                                                     FORM 8-K

                                                  CURRENT REPORT
                                      Pursuant to Section 13 OR 15(d) of Contentsthe
                                          Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)    February 15, 2007
                                                    -------------------------------------------------------------------


                                              Elcom International, Inc.
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                                 (Exact Name of Registrant as Specified in Charter)


                Delaware                                000-27376                             04-3175156
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        (State or Other Jurisdiction                   (Commission                          (IRS Employer
              of Incorporation)                       File Number)                       Identification No.)


                         10 Oceana Way Norwood, Massachusetts                         02062
-----------------------------------------------------------------------------------------------------------------------
                       (Address of Principal Executive Offices)                                             (Zip Code)

Registrant’s telephone number, including area code      (781) 501-4000
                                                        ---------------------------------------------------------------


                                                         N/A
-----------------------------------------------------------------------------------------------------------------------
                            (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 (see General Instruction A.2. below):

 Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

UNITEDItem STATES1.01   Entry into a Material Definitive Agreement.
SECURITIES
On ANDFebruary EXCHANGE13, COMMISSION2007, Elcom  International,  Inc. (the “Company”)  entered into a formal  Separation  Agreement and
Release (the  “Agreement”)  with Paul C. Bogonis  (“Bogonis”) that became effective and enforceable on February 15,
2007, following the statutory seven-day revocation period.

The material  terms of the  Agreement  provide that the Company and Bogonis  mutually  agree to end his  employment
with the Company and that the Company will pay Bogonis  Forty  Thousand  Dollars  ($40,000)  as severance  pay. The
Agreement  provides  for other  immaterial  consideration,  mutual and general  releases and other  standard  legal
covenants.

The Agreement is filed concurrently herewith as Exhibit 10.1.

Item 9.01 Financial Statements and Exhibits.

(c)      Exhibits.

Exhibit No.                  Description
10.1                         Separation  Agreement and Release,  effective and  enforceable  on February
                             15, 2007, by and among Elcom International, Inc. and Paul C. Bogonis.

Washington                                                 SIGNATURES

      Pursuant to the  requirements  of the  Securities  Exchange Act of 1934,  the Dregistrant has duly caused this
report to be signed on its behalf by the undersigned hereunto duly authorized.C

                                                                       ELCOM INTERNATIONAL, INC.

Date    February 2054920, 2007
       -------------------------------------------------------
                                                                         By:   /s/ John E. Halnen
                                                                       -----------------------------------------------
                                                                       John E. Halnen
                                                                       President and Chief Executive Officer

FORM                                                   EXHIBIT 8-KINDEX

        Exhibit No.          Description
           10.1              Separation Agreement and Release, effective and enforceable on February
                             15, 2007, by and among Elcom International, Inc. and Paul C. Bogonis.

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 12, 2005

Elcom International, Inc.

(Exact Name of Registrant as Specified in Charter)

Delaware		000-27376		04-3175156
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)

10 Oceana Way Norwood, Massachusetts		02062
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code (781) 440-3333

N/A

(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 (see General Instruction A.2. below):

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

TABLE OF CONTENTS

Item 1.01 Entry into a Material Definitive Agreement Item 7.01 Regulation FD Disclosure Item 9.01 Financial Statements and Exhibits SIGNATURES EXHIBIT INDEX EX-10.1 Sub Framework Agreement EX-10.2 Revenue Sharing Agreement EX-10.3 Parent Company Guarantee

Item 1.01 Entry into a Material Definitive Agreement.

As previously disclosed by Elcom International, Inc., (the “Company”), in its Quarterly Report on Form 10-QSB for the period ended June 30, 2005, the Company, through its wholly-owned subsidiary Elcom Systems Limited (“Elcom U.K.”), is a member of a consortium led by PA Shared Services Limited (“PASSL”), a member of PA Consulting Group, a world-wide consulting firm. PASSL is expected to supply an eMarketplace system (the “Zanzibar System”) for the Office of Government Commerce. Elcom U.K. is a subcontractor to PASSL for the provision of the eProcurement and eMarketplace components of the Zanzibar System pursuant to its Sub-Framework Agreement, Revenue Sharing Agreement and Parent Company Guarantee.

Sub-Framework Agreement

On August 12, 2005, Elcom U.K. entered into a Sub-Framework Agreement (the “Sub-Framework Agreement”) with PASSL, which sets forth the various obligations of Elcom U.K. as a sub-contractor to PASSL for the provision of the Zanzibar System. The foregoing description of the Sub-Framework Agreement is qualified in its entirety by reference to the full text of the Sub-Framework Agreement attached hereto as Exhibit 10.1.

Revenue Share Agreement

On August 12, 2005 and in connection with the Sub-Framework Agreement, Elcom U.K. entered into a Revenue Share Agreement (the “Revenue Share Agreement”) with IMPAQ Business Solutions Limited, PA Consulting Services Limited, @UK plc and PASSL. The Revenue Share Agreement sets forth the terms and conditions on which PASSL will share revenue with or otherwise remunerate the parties thereto in consideration of the performance of their respective obligations under their respective Sub-Framework Agreements. The foregoing description of the Revenue Share Agreement is qualified in its entirety by reference to the full text of the Revenue Share Agreement attached hereto as Exhibit 10.2.

Parent Company Guarantee

On August 12, 2005 and in connection with the Sub-Framework Agreement and the Revenue Share Agreement, the Company and elcom, inc. entered into a Parent Company Guarantee (the “Guarantee”) in favor of PASSL, to guarantee the obligations of Elcom U.K. under both the Sub-Framework Agreement and the Revenue Share Agreement. The foregoing description of the Guarantee is qualified in its entirety by reference to the full text of the Guarantee attached hereto as Exhibit 10.3.

Item 7.01 Regulation FD Disclosure.

As previously disclosed in the Company’s Quarterly Report on Form 10-QSB for the period ended June 30, 2005, the Company is in the process of raising funds by way of an offshore placement (the “Placing”) of equity securities to non-U.S. persons in the U.K. pursuant to Regulation S of the Securities Act of 1933, as amended (the “Securities Act”). The equity securities being offered in the Placing have not been registered under the Securities Act and may not be offered or sold in the United States (or to a U.S. person) absent registration or an applicable exemption from registration. Consummation of the Placing will cause substantial dilution to current stockholders of the Company. The Company has yet to consummate the Placing, but anticipates that the Placing will be completed in the near term. If the Company is unable to secure any additional funding from any source by September, it would be forced to seek protection under Federal bankruptcy laws.

Item 9.01 Financial Statements and Exhibits.

Exhibit No.		Description
	10.1	Sub-Framework Agreement, dated August 12, 2005, by and between PA Shared Services Limited and Elcom Systems Limited
	10.2	Revenue Share Agreement, dated August 12, 2005, by and among Elcom Systems Limited, IMPAQ Business Solutions Limited, PA Consulting Services Limited, @UK plc and PA Shared Services Limited
	10.3	Parent Company Guarantee, dated August 12, 2005, by Elcom International, Inc. and elcom, inc., in favor of PA Shares Services Limited

-2-

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.

-3-

EXHIBIT INDEX

Exhibit No.		Description
	10.1	Sub-Framework Agreement, dated August 12, 2005, by and between PA Shared Services Limited and Elcom Systems Limited
	10.2	Revenue Share Agreement, dated August 12, 2005, by and among Elcom Systems Limited, IMPAQ Business Solutions Limited, PA Consulting Services Limited, @UK plc and PA Shared Services Limited
	10.3	Parent Company Guarantee, dated August 12, 2005, by Elcom International, Inc. and elcom, Inc., in favor of PA Shares Services Limited

E-1

ELCOM INTERNATIONAL, INC.

Date August 18, 2005

/s/ Robert J. Crowell

Robert J. Crowell Chief Executive Officer

Filing Compare · ELCOM INTERNATIONAL INC