-----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, H8vmeVP+whftPM+MPMiYhTsSuM10GroMxVXBgYIX0WBH4XgcRNYAsdRTmGB4M/ll D1RKRbuOUDNuagQTM2smKg== 0001218396-06-000013.txt : 20060216 0001218396-06-000013.hdr.sgml : 20060216 20060215195157 ACCESSION NUMBER: 0001218396-06-000013 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20060207 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060216 DATE AS OF CHANGE: 20060215 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CYCLE COUNTRY ACCESSORIES CORP CENTRAL INDEX KEY: 0001157758 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] IRS NUMBER: 421523809 STATE OF INCORPORATION: NV FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-31715 FILM NUMBER: 06623413 BUSINESS ADDRESS: STREET 1: 2188 HWY 86 CITY: MILFORD STATE: IA ZIP: 51351 MAIL ADDRESS: STREET 1: 2188 HWY 86 CITY: MILFORD STATE: IA ZIP: 51351 8-K 1 atc8k020706.txt ATC FORM 8-K 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) February 7, 2006 ---------------- CYCLE COUNTRY ACCESSORIES CORP. --------------------------------- (Exact name of registrant as specified in its charter) NEVADA 333-68570 42-1523809 - ---------------------------- ---------------- --------------------- (State or other jurisdiction (Commission File (IRS Employer of incorporation) Number) Identification Number) 2188 Highway 86 Milford, Iowa 51351 --------------------------------------------------------------- (Address of principal executive offices) Registrant's telephone number, including area code (712) 338-2701 -------------- ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION. On February 15, 2006 the registrant held a conference call regarding its earnings for the first quarter of 2006. The telephonic replay of the conference call will be available on the registrant's website until February 22, 2006. ITEM 8.01. OTHER EVENTS. On February 7, 2006, Cycle Country Accessories Corp. issued a press release titled: "Cycle Country Schedules Release of Fiscal First Quarter 2006 Results - Conference Call Scheduled". The text of this press release can be reviewed in its entirety under the attached Exhibit 99.15. On February 13, 2006, Cycle Country Accessories Corp. issued a press release titled: "Cycle Country Reiterates Previous Guidance of 38-40 EPS for Fiscal 2006 - Gross Profit Increases 34%". The text of this press release can be reviewed in its entirety under the attached Exhibit 99.16. ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS. 99.15 Press Release dated February 7, 2006. 99.16 Press Release dated February 13, 2006. 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. CYCLE COUNTRY ACCESSORIES CORP. Date February 15, 2006 ------------------------- By: /s/ Ronald C. Hickman -------------------------- Ronald C. Hickman Principal Executive Officer, President and Director EX-99 2 atcex9916.txt PRESS RELEASE DATED FEBRUARY 7, 2006 Cycle Country Reiterates Previous Guidance of 38-40 EPS for Fiscal 2006 Gross Profit Increases 34% Milford, IA. - February 13, 2006 - Cycle Country Accessories Corp. (AMEX:ATC), the recognized leader in developing and manufacturing a variety of products for the all terrain vehicle (ATV), garden tractors, and golf carts, today announced its earnings of .07 cents per share for first quarter of fiscal 2006 versus .10 cents per share for first quarter fiscal 2005. These figures are based on fully diluted shares of 5,244,938 in 2005 compared to the current number of shares of 7,225,579. While total revenue declined just over two percent from $5,623,739 to $5,501,508, gross profit increased 34% from $1,667,515 to $2,221,397. Income from operations also saw an increase of nearly 16% from $785,501 to $908,756 while cash increased from $2,215,156 to $3,144,444 year over year, nearly a 42% increase. "We are especially pleased with gross profit increasing by more than a third," stated Dave Davis, Chief Financial Officer, Cycle Country Accessories Corporation. "With a more than 40% increase in cash, we are well positioned for the upcoming fiscal year and beyond." While this winter has been warmer than average, the company's other divisions, Weekend Warrior, Contract Manufacturing, and Plastic Wheel Covers, continue to grow at a tremendous rate. "Cycle Country continues to move forward in its goal of becoming less seasonal with projected growth in three of its four divisions of between 37% (plastic wheel covers) to more than 1,300% (Weekend Warrior)," added Davis. Davis went on to note that the acquisition of Simonsen Iron Works in the third quarter of 2005 increased both the interest expense as well as the amount of shares the net income was spread over in the year over year comparison. The Simonsen acquisition is proving to be both EBIT and EBITDA positive. About Cycle Country Accessories Corporation Cycle Country, with over 50% of the worldwide market in several product categories, is the industry leader in the design and manufacturing of custom-fitting accessories for virtually every brand of utility all-terrain vehicles (ATV's). Cycle Country also produces accessories for the lawn and garden market through its subsidiary, Weekend Warrior and makes high performance oil filters for the motorsports industry through its wholly owned subsidiary, Perf-Form. In April of 2005, Cycle Country acquired Simonsen Iron Works, now operating as Cycle Country, Spencer, providing metal fabrication. www.cyclecountry.com www.perf- form.com This press release does not constitute an offer to sell or the solicitation of any offer to buy any securities of Cycle Country Accessories Corporation, nor shall there be any sale of any such security in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state. Forward looking statements: This press release and other statements by Cycle Country may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act with respect to the outlook for earnings and revenues, other future financial or business performance, strategies and expectations. Forward- looking statements are typically identified by words or phrases such as "believe", "expect", "estimate", "potential", or future/conditional verbs such as "will", "should", and "could". Contact: Magellan Financial Media Group Mark Gilbert, Investor Relations Manager: 317.867.2839 EX-99 3 atcex9915.txt PRESS RELEASE DATED FEBRUARY 13, 2006 Cycle Country Schedules Release of Fiscal First Quarter 2006 Results Conference Call Scheduled Milford, IA. - February 7, 2006 - Cycle Country Accessories Corp. (AMEX:ATC), the recognized leader in developing and manufacturing a variety of products for the all terrain vehicle (ATV), garden tractors, and golf carts, today announced it will release fiscal first quarter 2006 results at the close of business on Monday, February 13, 2006. The complete 10-QSB filing will be available at www.sec.gov. A conference call to discuss the results has been scheduled for Wednesday, February 15, 2006 at 10:00 a.m. EST. Those wishing to participate in the call may do so by dialing 1-888-560-2044 or 1- 973-582-2822 at approximately 10 minutes prior to the event and ask for the Cycle Country Accessories Corp. Fiscal First Quarter 2006 call. The call will be heard live via the Internet by visiting the Cycle Country web site at www.cyclecountry.com. In addition, a replay of the presentation will be posted on the web site after the call. About Cycle Country Accessories Corporation Cycle Country, with over 50% of the worldwide market in several product categories, is the industry leader in the design and manufacturing of custom-fitting accessories for virtually every brand of utility all-terrain vehicles (ATV's). Cycle Country also produces accessories for the lawn and garden market through its subsidiary, Weekend Warrior and makes high performance oil filters for the motorsports industry through its wholly owned subsidiary, Perf-Form. In April of 2005, Cycle Country acquired Simonsen Iron Works, now operating as Cycle Country, Spencer, providing metal fabrication. www.cyclecountry.com www.perf- form.com This press release does not constitute an offer to sell or the solicitation of any offer to buy any securities of Cycle Country Accessories Corporation, nor shall there be any sale of any such security in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state. Forward looking statements: This press release and other statements by Cycle Country may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act with respect to the outlook for earnings and revenues, other future financial or business performance, strategies and expectations. Forward- looking statements are typically identified by words or phrases such as "believe", "expect", "estimate", "potential", or future/conditional verbs such as "will", "should", and "could". Contact: Magellan Financial Media Group Mark Gilbert, Investor Relations Manager 317-867-2839 -----END PRIVACY-ENHANCED MESSAGE-----