SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported):
February 15, 2006
ASHLIN DEVELOPMENT CORPORATION
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(Exact Name of Registrant as Specified in its Charter)
Florida 000-29245 65-0452156
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State of Commission IRS Employer
Incorporation File Number I.D. Number
1479 North Clinton Avenue, Bay Shore, NY 11706
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Address of principal executive offices
Registrant's telephone number: (631) 968-5000
___________________________
(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))
Item 3.03 MATERIAL MODIFICATION TO RIGHTS OF SECURITY HOLDERS
On February 15, 2006, Ashlin Development Corporation ("we" or the
"Company"), changed its name to Gales Industries Incorporated and changed its
legal domicile from Florida to Delaware. As a result, the rights of our
shareholders are now governed by Delaware law rather than Florida law. We filed
with the Commission on January 24, 2006 a definitive Information Statement on
Schedule 14C relating to the changes in our name and our jurisdiction of
incorporation. Such information statement describes certain effects on our
shareholders of our becoming a Delaware corporation. Our new certificate of
incorporation and by-laws are filed as exhibits to this report.
In addition, effective February 15, 2006, our trading symbol on the OTC
Bulletin Board was changed to "GLDS".
Item 5.03. AMENDMENT TO ARTICLES OF INCORPORATION OR BYLAWS
On February 15, 2006, we changed our name from Ashlin Development
Corporation to Gales Industries Incorporated, and changed our jurisdiction of
incorporation from Florida to Delaware, by merging our Company as of such date
into our new wholly-owned Delaware subsidiary called Gales Industries
Incorporated. Our Board of Directors and shareholders approved such changes. Our
shareholders may continue to make sales or transfers using stock certificates
which have our old name imprinted on them. Our new certificate of incorporation
and by-laws are filed as exhibits to this report.
Item 9.01. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
Exhibit No.
3.1 Certificate of Incorporation of Gales Industries Incorporated,
a Delaware corporation.
3.2 By-Laws of Gales Industries Incorporated
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Current Report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: February 15, 2006
ASHLIN DEVELOPMENT CORPORATION
By: /s/ Michael A. Gales
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Michael A. Gales, Executive Chairman
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