HEI files with SEC to deregister

HEI (Minneapolis) said it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock under the Securities and Exchange Act of 1934. HEI expects that the deregistration will be effective after 90 days, if the SEC does not deny its application. As a result of this filing, HEI’s obligation to file certain reports and forms with the SEC, including Forms 10-K, 10-Q and 8-K, will be immediately suspended. HEI is eligible to deregister because it has less than 300 shareholders of record.

HEI officials said they believe that while the liquidity for its common stock may be reduced, the administrative and other economies and savings associated with de-registration are in the best interest of its shareholders.