HAC Harbor Acquisition Corp.

Item 8.01. Other Events.

                On February 1, 2008, Harbor issued a press release announcing that (i) Elmet and the Elmet Stockholders Representative have delivered a notice of termination of the Stock Purchase Agreement, (ii) in light of that termination notice from Elmet and the Elmet Stockholders Representative, Harbor now anticipates that the special meeting of the Harbor stockholders which had previously been adjourned until February 8, 2008 will be completed on that date without a formal vote on the Stock Purchase Agreement being taken, (iii) based upon the proxies received from Harbor stockholders through the date of the press release, it appears the Stock Purchase Agreement would not have been approved if such a formal vote were taken and that holders of more than 20.0% of the 13.8 million shares of Harbor common stock issued in Harbor’s public offering would have voted against the acquisition and exercised their rights to convert their shares into a pro rata portion of Harbor’s trust established at the time of the public offering, and (iv) since Harbor now anticipates that it will not be able to complete its proposed acquisition of Elmet by April 30, 2008, the Harbor Board of Directors will consider alternatives that may be in the best interests of the Harbor stockholders, including the adoption of a plan of dissolution and liquidation in accordance with applicable provisions of Delaware law. A copy of that press release is filed as Exhibit 99.1 to this report.