-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DeSaNhJpQvYvPylrcNqATbOQQBrMqyTe9e37jYjyvFuBLB020t9t6kYQbyWqp1M3 AD/yygoiJhLrj+IEDQ+6nA== 0001042187-99-000017.txt : 19991108 0001042187-99-000017.hdr.sgml : 19991108 ACCESSION NUMBER: 0001042187-99-000017 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19991104 ITEM INFORMATION: FILED AS OF DATE: 19991105 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CTI INDUSTRIES CORP CENTRAL INDEX KEY: 0001042187 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS MANUFACTURING INDUSTRIES [3990] IRS NUMBER: 362848943 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-23115 FILM NUMBER: 99741809 BUSINESS ADDRESS: STREET 1: 22160 N PEPPER RD CITY: BARRINGTON STATE: IL ZIP: 60010 MAIL ADDRESS: STREET 1: 22160 N PEPPER RD STREET 2: 22160 N PEPPER RD CITY: BARRINGTON STATE: IL ZIP: 60010 8-K 1 FORM 8-K U.S. 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): November 4, 1999 CTI INDUSTRIES CORPORATION ---------------------------------------------------- (Exact Name of Registrant as Specified in its Charter) Delaware 0-23115 36-2848943 -------- ------- ---------- (State or Other (Commission File Number) (IRS Employer Jurisdiction of Identification No.) Incorporation) 2216 North Pepper Road, Barrington, Illinois 60010 -------------------------------------------- ------- (Address of Principal Executive Offices) (Zip Code) (847) - 382-1000 -------------------------------------------------- (Registrant's Telephone Number, including Area Code) Item 5. Other Events - ------- ------------ On November 5, 1999, the Registrant announced that, at the close of business (Eastern time) on November 4, 1999 (the "Effective Date"), a one-for-three reverse split of the Company's Common Stock, par value $.065 became effective. Outstanding shares of the Company's Common Stock, par value $.065 per share, were reduced to approximately 878,610 shares from 2,635,831 shares outstanding before the reverse split. Post-reverse split shares of the Company's Common Stock will have a par value of $.195 per share, and will bear the revised trading symbol CTIBD on the NASDAQ SmallCap market. In addition, the Registrant announced that any holder of fractional shares resulting from this reverse split will be paid an amount based upon the closing price of the Company's Common Stock on the NASDAQ SmallCap Market on the Effective Date multiplied by the amount of the fractional share. The Registrant further stated that following the reverse split, previously outstanding certificates representing shares of the Company's Common Stock may be delivered to the Company's transfer agent, Continental Stock Transfer and Trust Co., 2 Broadway, New York, New York, New York 10004, in effecting sales through a broker, or otherwise, and all necessary adjustments to the number of pre-reverse split shares of the Company's Common Stock held will be made at the time of sale or transfer. Consequently, it will not be necessary for shareholders of the Company to exchange their existing stock certificates for post-reverse split stock certificates. Item 7(c). Exhibits - ---------- -------- A copy of press release dated November 5, 1999. 2 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. CTI Industries Corporation ----------------------------- (Registrant) Date: November 5, 1999 By: /s/ Howard W. Schwan ----------------------------- Howard W. Schwan, President 3 EX-99 2 PRESS RELEASE FOR IMMEDIATE RELEASE PRESS RELEASE CTI INDUSTRIES CORPORATION (NASDAQ-CTIB) ANNOUNCES ONE-FOR-THREE REVERSE SPLIT OF ITS COMMON STOCK Barrington, Illinois, November 5, 1999 CTI Industries Corporation (NASDAQ Symbol: "CTIB") announced that, at the close of business (Eastern time) on November 4, 1999 (the "Effective Date"), a one-for-three reverse split of its common stock became effective. Thus, three current shares of common stock, par value $.065, were changed into one share of the Company's common stock, with a new par value of $.195. The Company stated that any holder of fractional shares resulting from this reverse split will be paid an amount of money based on the closing price of the Company's Common Stock on the NASDAQ SmallCap Market on the Effective Date multiplied by the amount of the fractional share. Outstanding shares of common stock of the Company were reduced to approximately 878,610 shares from 2,635,831 shares outstanding before the reverse split. The Company's new trading symbol on the NASDAQ SmallCap market, beginning November 5, 1999, is CTIBD . The Company further stated that following the reverse split, previously outstanding certificates representing shares of the Company's Common Stock may be delivered to the Company's transfer agent, Continental Stock Transfer and Trust Co., 2 Broadway, New York, New York, 10004 (212) 509-1000 in effecting sales through a broker, or otherwise, and all necessary adjustments to the number of pre-reverse split shares held will be made at the time of sale or transfer. Consequently, it will not be necessary for shareholders of the Company to exchange their existing stock certificates for post-reverse split stock certificates. For further information contact: Stephen M. Merrick - ----------------------------------- CTI INDUSTRIES CORPORATION - ----------------------------------- 2216 North Pepper Road - ----------------------------------- Barrington, Illinois 60010 - ----------------------------------- (847) 382-1000 - ----------------------------------- -----END PRIVACY-ENHANCED MESSAGE-----