8-K

anuary 14
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 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): April 25, 2013
A. T. CROSS COMPANY (Exact name of registrant as specified in its charter)
Rhode Island (State or other jurisdiction of incorporation)		1-6720 (Commission File Number)		05-0126220 (IRS Employer Identification No.)
One Albion Road, Lincoln, Rhode Island (Address of principal executive offices)			02865 (Zip Code)
Registrant's telephone number, including area code  (401) 333 1200 N/A (Former name or former address if changed since last report.)
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:
[ ]	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))

Section 2 - Financial Information

Item 2.02 -Results of Operations and Financial Condition.

On April 25, 2013 the registrant issued a news release announcing financial results for the first quarter period ended March 30, 2013.  A copy of the News Release is attached hereto as Exhibit 99, which is incorporated herein by reference.

Item 5.07 - Submission of Matters to a Vote of Security Holders.

The Company held its Annual Meeting of Shareholders on April 25, 2013 at its corporate headquarters in Lincoln, Rhode Island.  The following are matters submitted to a vote of the shareholders:

a.	Number of Directors
	The proposition to fix the total number of directors at nine, of which three shall be Class A directors and six shall be Class B directors was approved by the vote of 10,330,717 Class A common shares in favor, 19,363 against, 4,470 abstaining, and by the vote of 1,804,800 Class B common shares in favor and none against or abstaining
b.	Election of Directors
	The following directors were elected by the Class A shareholders:
		For	Withheld	Non-Votes
	Harlan M. Kent	8,896,840	54,963	1,402,747
	Andrew J. Parsons	8,194,120	757,683	1,402,747
	Frances P. Philip	8,896,660	55,143	1,402,747
	The following directors were elected by the unanimous vote of 1,804,800 Class B shares:
	Russell A. Boss
	David G. Whalen
	Bernard V. Buonanno, Jr.
	Jacob C. Gaffey
	Dwain L. Hahs

Section 9 - Financial Statements and Exhibits

Item 9.01 - Financial Statements and Exhibits

(d) Exhibits

Exhibit No.	Exhibit
99	Press Release

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 thereunto duly authorized.

	A. T. CROSS COMPANY (Registrant)
Date:  April 25, 2013	KEVIN F. MAHONEY (Kevin F. Mahoney) Senior Vice President, Finance Chief Financial Officer

EX-99

Exhibit 99

News Release

Company Contact:
Kevin F. Mahoney
Senior Vice President, Finance and
Chief Financial Officer
401-335-8470 Investor Relations:
Dave Mossberg
Three Part Advisors, LLC
817-310-0051

FOR IMMEDIATE RELEASE

A.T. Cross Company Reports Sales and Profit Increases in First Quarter 2013

· Q1 2013 net sales increased 6%

· Q1 2013 operating income increased 10%

· Q1 2013 EPS increased from $0.12 to $0.13

· Cross Optical Group revenue and operating income increased 19% and 29%, respectively

LINCOLN, R.I., April 25, 2013 - A.T. Cross Company (ATX) today announced financial results for the first quarter ended March 30, 2013.

David G. Whalen, President and Chief Executive Officer of A.T. Cross said, "A. T. Cross continued to grow in the first quarter of 2013 with revenue up 6% and operating income higher by 10%. The Cross Optical Group (COG) continued its strong performance as its revenue and operating income increased 19% and 29%, respectively. As our sunglass business enters its peak selling season, it is clear that it has maintained its momentum from 2012 and we expect a strong performance as we move through the spring."

Mr. Whalen continued, "The Cross Accessory Division's (CAD) revenue declined 6% in the first quarter. Two-thirds of the decline was related to the substantially weaker Japanese Yen and decreased sales of low margin discontinued product. Having said that, while our trend in the European market improved in Q1, we did experience softness in the America and Asia markets which we are addressing."

First Quarter 2013 Results

Sales for the first quarter of 2013 increased by 5.9% to $44.4 million compared to $41.9 million in the first quarter of 2012. The Cross Optical Group reported sales of $23.8 million, an increase of 19.1% compared to last year's first quarter. The Cross Accessory Division recorded revenue of $20.6 million, down 6.2% from last year.

Gross margin was 56.1% in 2013, versus 56.2% in 2012.

Operating expenses were $22.3 million, or 50.2% of sales in the 2013 first quarter, versus $21.2 million, or 50.5% of sales for the same period a year ago.

Operating income in the first quarter of 2013 was $2.6 million, compared to $2.4 million in the first quarter of last year.

Net income for the first quarter was $1.6 million, or $0.13 per diluted share, compared to net income of $1.5 million, or $0.12 per diluted share, last year.

Strategic Alternatives

On February 4, 2013, the Company announced that it is exploring strategic alternatives for its Cross Accessory Division. Costs associated with the process totaled approximately $240,000, or $0.01 per share, in the first quarter of 2013.

Guidance

In January, the Company provided 2013 guidance of earnings between $0.78 and $0.82 per share. The Company is confirming that guidance. The guidance will be reviewed again in July, once the peak sunglass season concludes.

Conference Call

The Company's management will host a conference call today, April 25, 2013 at 4:30 PM Eastern Time. Parties interested in participating in the conference call may dial-in at (877) 303-2912, while international callers may dial-in at (408) 427-3877. The conference call will be webcast and can be accessed at www.cross.com. A replay of the webcast will be archived on the Company's website for 60 days.

About A.T. Cross Company

Building on the rich tradition of its award-winning writing instruments and reputation for innovation and craftsmanship, A.T. Cross Company is a designer and marketer of branded personal and business accessories. A.T. Cross provides a range of distinctive products that appeal to a growing market of consumers seeking to enhance their image and facilitate their lifestyle. A.T. Cross products, including award-winning quality writing instruments, timepieces, non prescription reading glasses, business accessories and Costa and Native Eyewear premium sports sunglasses, are distributed in retail and corporate gift channels worldwide. For more information, visit the A.T. Cross website at www.cross.com, the Costa website at www.costadelmar.com and the Native Eyewear website at www.nativeyewear.com.

Statements contained in this release that are not historical facts are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 (including but not limited to statements relating to the expected operating results for COG during the spring season and the expected overall results for A.T. Cross). In addition, words such as "believes," "anticipates," "expects," and similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to risks and uncertainties, including but not limited to the continued success of the Optical Group's business model, the expectation that CAD will address revenue weakness in Asia, the potential effect of economic uncertainty on consumer confidence and, consumers' willingness to continue to participate in the writing instrument category and to purchase discretionary items. These forward-looking statements are not guarantees since there are inherent difficulties in predicting future results. Actual results could differ materially from those expressed or implied in the forward-looking statements. The information contained in this document is as of April 25, 2013. The Company assumes no obligation to update any forward-looking statements contained in this document as a result of new information or future events or developments. Additional discussion of factors that could cause actual results to differ materially from management's expectations is contained in the Company's filings under the Securities Exchange Act of 1934.

(Tables to follow)

A. T. CROSS COMPANY
CONSOLIDATED STATEMENTS OF INCOME
(in thousands, except per share amounts)
(unaudited)

	Three Months Ended
	March 30, 2013		March 31, 2012
Net sales	$	44,401	$	41,946
Cost of goods sold		19,476		18,376
Gross Profit		24,925		23,570
Selling, general and administrative expenses		19,600		18,475
Service and distribution costs		2,000		2,048
Research and development expenses		707		660
Operating Income		2,618		2,387
Interest and other expense		(132)		(132)
Income Before Income Taxes		2,486		2,255
Income tax provision		846		717
Net Income	$	1,640	$	1,538
Net Income per Share:
Basic		$ 0.13		$ 0.13
Diluted		$ 0.13		$ 0.12
Weighted Average Shares Outstanding:
Basic		12,246		12,288
Diluted		12,979		12,893
	Three Months Ended
	March 30, 2013		March 31, 2012
Segment Data:  Cross Accessory Division
Net Sales	$	20,565	$	21,929
Operating Loss		(1,066)		(462)
Segment Data:  Cross Optical Group
Net Sales	$	23,836	$	20,017
Operating Income		3,684		2,849

A. T. CROSS COMPANY
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, unaudited)

	March 30, 2013		March 31, 2012
Assets
Cash and cash equivalents	$	12,630	$	14,817
Short-term investments		271		202
Accounts receivable		34,106		32,173
Inventories		42,391		40,354
Deferred income taxes		3,409		4,154
Other current assets		8,933		7,476
Total Current Assets		101,740		99,176
Property, plant and equipment, net		13,964		13,206
Goodwill		15,279		15,279
Intangibles and other assets		10,308		11,151
Deferred income taxes		10,994		10,894
Total Assets	$	152,285	$	149,706
Liabilities and Shareholders' Equity
Accounts payable and other current liabilities	$	25,150	$	25,205
Line of credit		15,000		0
Retirement plan obligations		2,577		2,405
Income taxes payable		178		267
Total Current Liabilities		42,905		27,877
Long-term debt		0		18,221
Retirement plan obligations		19,737		19,703
Deferred gain on sale of real estate		1,564		2,086
Other long-term liabilities		706		473
Accrued warranty costs		1,256		1,430
Shareholders' equity		86,117		79,916
Total Liabilities and Shareholders' Equity	$	152,285	$	149,706