UNITED STATES
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): August 22, 2017
WSI Industries, Inc.
(Exact name of Registrant as Specified in its Charter)
Minnesota
(State Or Other Jurisdiction Of Incorporation)
| 000-00619 | 41-0691607 | |
| (Commission File Number) | (I.R.S. Employer Identification No.) |
213
Chelsea Road |
55362 | ||
| (Address Of Principal Executive Offices) | (Zip Code) |
(763) 295-9202
Registrant’s Telephone Number, Including Area Code
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)) |
Items under Sections 1 - 7 are not applicable and therefore omitted.
| Item 8.01 | Other Events. |
WSI Industries, Inc. (the “Company”) issued a press release on August 22, 2017 announcing that Rob Simkovic was hired as the Director of Business Development. The Company also announced that it had received new orders from customers in the Energy industry and aerospace and military markets. The Company hereby furnishes the press release, which is attached hereto as Exhibit 99.1.
| Item 9.01 | Financial Statements And Exhibits. |
| Exhibit No. | Description | |
| 99.1 | Press Release issued by WSI Industries, Inc. on August 22, 2017. |
SIGNATURE
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.
| WSI INDUSTRIES, INC. | ||
| By: | /s/ Michael J. Pudil | |
| Michael J. Pudil | ||
| Chief Executive Office & President | ||
Date: August 23, 2017
For Immediate Release
WSI Industries Names Rob Simkovic Director of Business Development & Announces New
Business
August 22, 2017—Minneapolis, MN—WSI Industries, Inc. (Nasdaq: WSCI) is pleased to announce the hiring of a new Director of Business Development, Rob Simkovic. Rob has been leading the overall sales team focusing on the diversification and overall growth of sales.
WSI’s president and CEO, Michael Pudil, commented that: “We are very excited to have brought Rob on board to lead the WSI sales effort and diversification strategy. Rob’s experience in market development will allow WSI to further succeed in its long-term plans. Rob also brings many years of engineering experience which will benefit WSI in understanding customers’ requirements and matching them to WSI capabilities.”
Pudil also added: “WSI has been awarded orders with new customers from the Energy industry that could grow to over $2 million of annualized sales in fiscal 2018. In addition, WSI has recently been awarded new business in the aerospace and military markets with a potential of over $1 million of business also in fiscal 2018. These orders are very high value-added content and will contribute greatly to diversification efforts.” Pudil concluded: “We are pleased with the efforts everyone has put in to turn WSI around and look forward to continued success.”
WSI Industries, Inc. is a leading contract manufacturer that specializes in the machining of complex, high-precision parts for a wide range of industries, including automotive, avionics and aerospace, energy, recreational vehicles, small engines, marine, bioscience and the defense market.
# # #
For additional information:
Michael J. Pudil (President & CEO) or Paul D. Sheely (CFO) 763-295-9202
The statements included herein which are not historical or current facts are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. There are certain important factors which could cause actual results to differ materially from those anticipated by some of the statements made herein, including the Company’s ability to retain current programs and obtain additional manufacturing programs, and other factors detailed in the Company’s filings with the Securities and Exchange Commission.