Item 8.01 Other Events On June 9, 2006, the Company sold to an unaffiliated third party 2.72 acres of its Manassas, Virginia land for $865,000, recording a gain of approximately $820,000. The net proceeds from the sale of $856,000 was paid to United Bank and will be applied to the July 31, 2006 payment under the Forbearance Agreement. 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. Williams Industries, Incorporated ----------------------------------- Registrant Date: June 15, 2006 /s/ FRANK E. WILLIAMS, III ----------------------------------- Frank E. Williams, III, President