UNITED STATES
SECURITIES AND EXCHANGE  COMMISSION
WASHINGTON, DC 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)      June 27, 2016                                                  


                                                 HICKOK INCORPORATED                                                        
(Exact name of registrant as specified in its charter)


                 Ohio              
(State or other jurisdiction
of incorporation)
                 0-147                
(Commission
File Number)
         34-0288470      
(IRS Employer
Identification No.)


    10514 Dupont Avenue      Cleveland, Ohio                                                                                44108
    (Address of principal executive offices)                                                                             (Zip Code)


Registrant's telephone number, including area code         (216) 541-8060                                              


                                                      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:

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

[X] 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 1.01    Entry into a Material Definitive Agreement.

The information provided in item 2.03 is incorporated herein by reference.

Item 2.03    Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

On June 27, 2016, Hickok Incorporated (the "Company") entered into an unsecured revolver credit agreement with First Francis Company Inc.(the "Lender") in the aggregate principal amount of $250,000. This second Revolver Note in the amount of $150,000 was executed by the Company and delivered to Lender on June 27, 2016. The Revolver Note expires May 31, 2017 and provides for a revolving credit facility of $250,000 with interest generally equal to 4.0% per annum and is unsecured.
 
Each loan made under the credit arrangement will be due and payable in full on the expiration date of the Revolver Note. Interest on each loan made under the credit arrangement is payable on the last day of each month, at maturity, and the Lender may terminate the Credit Agreement at any time upon 45 days days written notice to the Company.
 
The Credit Agreement generally allows for borrowing based on an amount equal to eighty percent (80%) of eligible receivables or $250,000. The Revolver Note provides that upon the occurrence of certain events of default, Lender may immediately terminate the credit arrangement, and the Company's obligations to the Lender may be accelerated. Such events of default are set forth in the Credit Arrangement Documents and include, without limitation:  failure to comply with the terms, obligations, and covenants of the Credit Arrangement Documents and other customary defaults.

Mr. Edward Crawford and Mr. Matthew Crawford, directors of the Company, are shareholders of Lender. Lender is parent of Federal Hose Manufacturing, LLC ("Federal Hose"), and is party to the Agreement and Plan of Merger, dated January 8, 2016, whereby Federal Hose will merge into a subsidiary of the Company pending approval of the Company's Shareholders and certain other customary closing conditions.

A copy of the Revolver Note is included as Exhibit 10.1 to this Current Report on Form 8-K, and the above summary is qualified in its entirety by reference to such Exhibit.  

Item 9.01    Financial Statements and Exhibits.
     

(d) Exhibits .


Exhibit
Number
Description of Exhibit

10.1
Revolving Credit Promissory Note, dated June 27, 2016, executed by Hickok Incorporated and delivered to First Francis Company Inc.














           

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.


HICKOK INCORPORATED                    

By:   /s/ Robert L. Bauman                        
Robert L. Bauman                            
   President and CEO                          

Date:    June 29, 2016

EXHIBIT INDEX




Exhibit
Number
Description of Exhibit

10.1
Revolving Credit Promissory Note, dated June 27, 2016, executed by Hickok Incorporated and delivered to First Francis Company Inc.















           






















EXHIBIT 10.1


REVOLVER CREDIT PROMISSORY NOTE


  $150.000.00                                                                                                                                                                                                                                               
June 27, 2016
   

            For value received, HICKOK INCORPORATED  (the “Company”) promises to pay to the order of First Francis Company Inc., (the “Lender”), its’ successors and assigns, on the date or dates and in the manner specified in ARTICLE II of the Loan Agreement (as defined below), the lesser of Two Hundred Fifty Thousand Dollars ($ 250,000.00) or the aggregate principal amount of the Revolver Advances as shown on any ledger or other record of the Lender, which shall be rebuttably presumptive evidence of the principal amount owing and unpaid on this Note.

              The Company promises to pay to the order of the Lender interest on the unpaid principal amount of each Revolver Advance Loan made pursuant to the Loan Agreement from the date of such Loan until such principal amount is paid in full at such interest rate(s) and at such times as are specified in ARTICLE II of the Loan Agreement. 

            This Note is the Revolving Credit Promissory Note referred to in, and is entitled to the benefits of, Section 2.1 of the Revolving Credit Agreement by and between the Lender and the Company dated June 27, 2016, as the same may be hereafter amended from time to time (the “Loan Agreement”).  This Note may be declared forthwith due and payable in the manner and with the effect provided in the Loan Agreement, which contains provisions for acceleration of the maturity hereof upon the happening of any Event of Default and also for prepayment on account of principal hereof prior to the maturity hereof upon the terms and conditions therein specified. 

            Each defined term used in this Note shall have the meaning ascribed thereto in the Loan Agreement.

            The Company expressly waives presentment, demand, protest, and notice of dishonor.

            The Company authorizes any attorney-at-law to appear in any court of record in the State of Ohio or any other state or territory in the United States after this Note becomes due, whether by lapse of time or acceleration, waive the issuance and service of process, admit the maturity of this Note, confess judgment against the Company in favor of any holder of this Note for the amount then appearing due hereon together with interest thereon and costs of suit, and thereupon release all errors and waive all rights of appeal and stay of execution.  The foregoing warrant of attorney shall survive any judgment, and if any judgment be vacated for any reason, the holder hereof nevertheless may thereafter use the foregoing warrant of attorney to obtain any additional judgment or judgments against the Company.  Company agrees that the holder’s attorney may confess judgment pursuant to the foregoing warrant of attorney.  Company further agrees that the attorney confessing judgment pursuant to the foregoing warrant of attorney may receive a legal fee or other compensation from the holder.


            The Company acknowledges that this Note was signed in Cuyahoga County, in the State of Ohio.


WARNING - BY SIGNING THIS PAPER YOU GIVE UP YOUR RIGHT TO NOTICE AND COURT TRIAL.  IF YOU DO NOT PAY ON TIME A COURT JUDGMENT MAY BE TAKEN AGAINST YOU WITHOUT YOUR PRIOR KNOWLEDGE AND THE POWERS OF A COURT CAN BE USED TO COLLECT FROM YOU REGARDLESS OF ANY CLAIMS YOU MAY HAVE AGAINST THE CREDITOR WHETHER FOR RETURNED GOODS, FAULTY GOODS, FAILURE ON HIS PART TO COMPLY WITH THE AGREEMENT, OR ANY OTHER CAUSE.



FOR THE PURPOSES OF THIS NOTICE, “YOU” AND “YOUR” MEANS THE COMPANY, AND “HIS” AND “CREDITOR” MEANS THE LENDER.

   

                      
                       Lender:                                                                           HICKOK INCORPORATED

            By:/s/Edward F. Crawford                                                        By:/s/Robert L. Bauman

            First Francis Company Inc.                                                   Name: Robert L. Bauman

                                                                                                            Title: President and CEO