-----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, Ky+3aqGrHX+mSfnpy0OcHSbbd07iPCfICGE24hS9Zf1vEnyP/NQvfkDGhPHeFrX5 Izblk7KokbWZMP4wswvUhQ== 0000891092-03-002184.txt : 20030818 0000891092-03-002184.hdr.sgml : 20030818 20030818113427 ACCESSION NUMBER: 0000891092-03-002184 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030818 ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20030818 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GENTEX CORP CENTRAL INDEX KEY: 0000355811 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] IRS NUMBER: 382030505 STATE OF INCORPORATION: MI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-10235 FILM NUMBER: 03852109 BUSINESS ADDRESS: STREET 1: 600 N CENTENNIAL ST CITY: ZEELAND STATE: MI ZIP: 49464 BUSINESS PHONE: 6167721800 8-K 1 e15516_8k.txt FORM 8-K ================================================================================ 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: August 18, 2003 GENTEX CORPORATION (Exact name of registrant as specified in its charter) Michigan 0-10235 38-2030505 (State or other (Commission (IRS Employer jurisdiction of File Number) Identification no.) incorporation) 600 North Centennial Street Zeeland, Michigan 49464 (Address of principal executive office) (Zip Code) Registrant's telephone number, including area code: (616) 772-1800 ================================================================================ Item 7. Financial Statements and Exhibits. Exhibit 99.1 Press release dated August 18, 2003. Item 9. Regulation FD Disclosure. On August 18, 2003, Gentex Corporation issued a press release announcing that a $0.15 per share quarterly cash dividend will be paid October 17, 2003, to shareholders of record as of October 3, 2003. A copy of the press release is attached as Exhibit 99.1. The information in this Form 8-K and the attached Exhibit shall not be deemed filed for purposes of Section 18 of the Securities Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing. 2 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 thereunto duly authorized. Dated: August 18, 2003 GENTEX CORPORATION (Registrant) By: /s/ Enoch Jen ------------------------------------- Enoch Jen Vice President - Finance and Chief Financial Officer 3 EXHIBIT INDEX 99.1 Press Release Dated August 18, 2003, with respect to declaration of a $0.15 per share quarterly cash dividend to be paid October 17, 2003. 4 EX-99.1 3 e15516ex99-1.txt PRESS RELEASE Exhibit 99.1 Gentex Corporation Declares Initial Quarterly Cash Dividend ZEELAND, Mich., Aug. 18 /PRNewswire-FirstCall/ -- Gentex Corporation, the Zeeland, Michigan-based manufacturer of automatic-dimming rearview mirrors and commercial fire protection products, today announced that its Board of Directors approved a change in the Company's cash dividend policy and has declared an initial quarterly cash dividend. The quarterly dividend of $0.15 per share will be payable October 17, 2003, to shareholders of record of the common stock at the close of business on October 3, 2003. "It's unusual for a growth company to pay a cash dividend," said Garth Deur, Gentex executive vice president. "However, based on The Jobs and Growth Tax Relief Reconciliation Act of 2003, which has significantly reduced the federal income tax rate for shareholders who receive corporate cash dividends, the declaration of a dividend is now a more tax-efficient means of returning value to shareholders." Deur said that declaring a quarterly cash dividend demonstrates the Board of Director's confidence in the Company's long-term growth opportunities, strong net income and cash flow from operations, and solid financial condition. He said that he believes paying a cash dividend will make Gentex stock even more attractive to a broader range of investors. "We are pleased to be able to return a portion of our net earnings to our shareholders, while maintaining our significant investment in research and development," said Deur. "In the short term, the uncertainties in the economy and in global automotive light vehicle production schedules make it difficult to forecast with any degree of certainty. A very early look at automotive mirror unit shipments in calendar 2004 indicates potential growth of approximately 10-15 percent over calendar 2003." "Over the long term, we see significant potential for growth in our core auto-dimming mirror business, including the addition of electronic features to both interior and exterior mirrors. We remain committed to attracting investors who share our enthusiasm and long-term view of the Company's growth opportunities," said Deur. Certain matters discussed in this news release, including growth rate trends, future performance, and the impact of electronic features in mirrors, are forward-looking statements which involve certain risks and uncertainties, and are subject to change based on various market, industry and other important factors. The Company cautions investors that numerous factors (some of which are outlined in the Company's Form 10-K filed with the Securities and Exchange Commission and other interim reports) and future events may affect the Company's actual results, and may cause those results to differ materially from those expressed in this news release. Furthermore, Gentex undertakes no obligation to update, amend, or clarify forward-looking statements whether as a result of new information, future events, or otherwise. Gentex Corporation (Nasdaq: GNTX) is an international company that provides high-quality products to the worldwide automotive industry and North American fire protection market. The Company develops, manufactures and markets interior and exterior automatic-dimming automotive rearview mirrors that utilize proprietary electrochromic technology to dim in proportion to the amount of headlight glare from trailing vehicle headlamps. More than 95 percent of the Company's revenue is derived from the sale of those products to the world automotive industry. Gentex was the first company in the world to successfully develop and produce a commercial automatic-dimming rearview mirror. After more than 15 years of supplying these products in the highly competitive global automotive industry, the Company remains the leading supplier of these mirrors. Gentex OEM customers include Acura, Audi, Bentley, BMW, DaimlerChrysler, Fiat, Ford, General Motors, Hyundai, Infiniti, Isuzu, Kia Motors, Lexus, Mitsubishi, Nissan, Opel, Renault Samsung, Rover, Rolls Royce, SsangYong Motors, Toyota and Volkswagen. Founded in 1974, Gentex has its manufacturing facilities in Zeeland, Michigan, and automotive sales and engineering offices in Detroit, Michigan; Germany, Japan, the United Kingdom, France and Korea. The Company is recognized for its quality products; for its proprietary manufacturing skills and equipment and application of world class manufacturing principles; for its commitment to developing and maintaining a highly skilled workforce, and for encouraging employee ownership of the Company's stock. SOURCE Gentex Corporation -0- 08/18/2003 /CONTACT: Connie Hamblin, Gentex Corporation, +1-616-772-1800/ /Company News On-Call: http://www.prnewswire.com/comp/354175.html/ /Web site: http://www.gentex.com/ (GNTX) CO: Gentex Corporation ST: Michigan IN: AUT SU: DIV -----END PRIVACY-ENHANCED MESSAGE-----