-----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, FiY57OQPqM6yNbkzBwb5Std6l7Qt4BFjAFGoqPSosyfn/bqN4s2UxuyfDlFMhypK CgF2I1rizk14EmYK7WsqUA== 0000926044-05-000586.txt : 20051227 0000926044-05-000586.hdr.sgml : 20051226 20051227162328 ACCESSION NUMBER: 0000926044-05-000586 CONFORMED SUBMISSION TYPE: 11-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050630 FILED AS OF DATE: 20051227 DATE AS OF CHANGE: 20051227 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KNAPE & VOGT MANUFACTURING CO CENTRAL INDEX KEY: 0000056362 STANDARD INDUSTRIAL CLASSIFICATION: PARTITIONS, SHELVING, LOCKERS & OFFICE AND STORE FIXTURES [2540] IRS NUMBER: 380722920 STATE OF INCORPORATION: MI FISCAL YEAR END: 0702 FILING VALUES: FORM TYPE: 11-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-01859 FILM NUMBER: 051287197 BUSINESS ADDRESS: STREET 1: 2700 OAK INDUSTRIAL DR NE CITY: GRAND RAPIDS STATE: MI ZIP: 49505 BUSINESS PHONE: 6164593311 MAIL ADDRESS: STREET 1: 2700 OAK INDUSTRIAL DRIVE, NE CITY: GRAND RAPIDS STATE: MI ZIP: 49505 11-K 1 kv11k_063005.htm Knape & Vogt Form 11-K

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

_________________

FORM 11-K

ANNUAL REPORT
PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

(Mark One):

[x] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. [NO FEE REQUIRED]

For the fiscal year ended June 30, 2005

OR

[   ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED].

  For the transition period from ______________ to _______________

Commission file number           000-01859

A. Full title of the plan and the address of the plan, if different from that of the issuer named below: The Knape & Vogt Manufacturing Company Employees’ Retirement Savings Plan.

B. Name of the issuer of the securities held pursuant to the plan and the address of its principal executive office:

KNAPE & VOGT MANUFACTURING COMPANY
2700 Oak Industrial Drive, N.E.
Grand Rapids, Michigan 49505


KNAPE & VOGT MANUFACTURING COMPANY EMPLOYEES’
RETIREMENT SAVINGS PLAN

TABLE OF CONTENTS


Page

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
  1  
  
FINANCIAL STATEMENTS: 
  
   Statements of Net Assets Available for Benefits as of June 30, 2005 and 2004  2  
  
   Statement of Changes in Net Assets Available for Benefits 
     for the Year Ended June 30, 2005  3  
  
   Notes to Financial Statements as of June 30, 2005 and 2004, 
     and for the Year Ended June 30, 2005  4 -7
  
SUPPLEMENTAL SCHEDULES:  8  
  
   Form 5500, Schedule H, Part IV, Line 4i--Schedule of Assets (Held at End of Year) 
     as of June 30, 2005  9  
  
   Form 5500, Schedule H, Part IV, Line 4j--Schedule of Reportable Transactions 
     for the Year Ended June 30, 2005  10 -11

NOTE: All other schedules required by Section 2520.103-10 of the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974 have been omitted because they are not applicable.


REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Trustees and Participants in
Knape & Vogt Manufacturing Company Employees’
Retirement Savings Plan
Grand Rapids, Michigan

We have audited the accompanying statements of net assets available for benefits of Knape & Vogt Manufacturing Company Employees’ Retirement Savings Plan (the “Plan”) as of June 30, 2005 and 2004, and the related statement of changes in net assets available for benefits for the year ended June 30, 2005. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, such financial statements present fairly, in all material respects, the net assets available for benefits of the Plan at June 30, 2005 and 2004, and the changes in net assets available for benefits for the year ended June 30, 2005, in conformity with accounting principles generally accepted in the United States of America.

Our audits were conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedules of (1) assets (held at end of year) as of June 30, 2005, and (2) transactions in excess of 5% of the current value of plan assets for the year ended June 30, 2005, are presented for the purpose of additional analysis and are not required part of the basic financial statements, but are supplementary information required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. These schedules are the responsibility of the Plan’s management. Such schedules have been subjected to the auditing procedures applied in our audit of the basic 2005 financial statements and, in our opinion, are fairly stated in all material respects when considered in relation to the basic financial statements taken as a whole.

/s/ Deloitte & Touche LLP

Grand Rapids, Michigan
December 14, 2005


KNAPE & VOGT MANUFACTURING COMPANY EMPLOYEES’
RETIREMENT SAVINGS PLAN

STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
AS OF JUNE 30, 2005 AND 2004



2005 2004
             
ASSETS:  
  Investments--at fair value   $ 16,593,036   $ 15,613,691  


  Receivables:  
    Interest and dividends    15    507  
    Participant contributions    -    24,540  
    Employer contributions    -    38,132  


           Total receivables    15    63,179  


           Total assets    16,593,051    15,676,870  
   
LIABILITIES--  
  Accrued administrative expenses    18,518    10,712  


NET ASSETS AVAILABLE FOR BENEFITS   $ 16,574,533   $ 15,666,158  


See notes to financial statements.

- 2 -


KNAPE & VOGT MANUFACTURING COMPANY EMPLOYEES’
RETIREMENT SAVINGS PLAN

STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
FOR THE YEAR ENDED JUNE 30, 2005



ADDITIONS TO ASSETS:        
  Contributions:  
    Participant contributions   $ 1,290,161  
    Rollover contributions    35,805  
    Employer contributions    204,671  

           Total contributions    1,530,637  

  Investment income:  
    Net appreciation in fair value of investments    583,796  
    Interest and dividends    425,603  

           Net investment income    1,009,399  

           Total additions to assets    2,540,036  

   
DEDUCTIONS FROM ASSETS:  
  Benefits paid to participants    1,597,387  
  Administrative expenses    34,274  

           Total deductions from assets    1,631,661  

   
INCREASE IN NET ASSETS    908,375  
   
NET ASSETS AVAILABLE FOR BENEFITS:  
  Beginning of year    15,666,158  

  End of year   $ 16,574,533  

See notes to financial statements.

- 3 -


KNAPE & VOGT MANUFACTURING COMPANY EMPLOYEES’
RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS
AS OF JUNE 30, 2005 AND 2004, AND FOR THE YEAR ENDED JUNE 30, 2005


1. DESCRIPTION OF THE PLAN

  The following description of Knape & Vogt Manufacturing Company Employees’ Retirement Savings Plan (the “Plan”) is provided for general information purposes only. The Plan, a defined-contribution plan, is subject to the provisions of the Employee Retirement Income Security Act of 1974 (“ERISA”), as amended. Reference should be made to the Plan document for more complete information.

  Plan Sponsor—Knape & Vogt Manufacturing Company (the “Company”) is the sponsor of the Plan. The Board of Directors of the Company (the “Board”) controls and manages the operation and administration of the Plan.

  Trustee—Under a trust agreement with the Plan administrator, Wilmington Trust is trustee of the Plan. In accordance with the responsibilities of the trustee, as designated in the trust agreement, the trustee administers and invests the Plan’s assets and income for the benefit of the Plan’s participants. Effective March 31, 2005, responsibilities as trustee were transferred from Fifth Third Bank.

  Plan Year—The Plan year ends on June 30.

  Participation Requirements—The Plan is a defined contribution plan covering substantially all U.S. employees of the Company who have completed one hour of service with the Company. The Plan additionally covered employees at Feeny Manufacturing Company (“Feeny”). As of January 21, 2005, the Board approved the closure of the Feeny facility. All Feeny employees became fully vested on this date. Feeny employees were eligible for profit-sharing after completing one year of service. Plan entry dates are every January 1, April 1, July 1, and October 1.

  Contributions—Each year, participants may contribute a portion of their pretax annual compensation, as defined in the Plan, subject to certain Internal Revenue Code (“IRC”) limitations. The Company’s matching contribution for hourly employees, excluding Feeny employees, is 50% of the first 4% of base compensation that a participant contributed to the Plan. Additional amounts may be contributed at the discretion of the Board. The Board did not declare a profit-sharing contribution for Feeny employees for the year ended June 30, 2005. There is no matching contribution for salaried employees.

  Participant Accounts—Individual accounts are maintained for each Plan participant. Each participant’s account is credited with the participant’s contributions, the Company’s matching contribution, and allocations of Company discretionary contributions, Plan earnings, and administrative expenses. Allocations are based on the relationship of a participant’s account balance in each investment fund to the total of all account balances in that fund. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested account.

  Investments—Participants direct the investment of their contributions into various investment options offered by the Plan. The Plan currently offers mutual funds, a stable value fund, and a stock fund, which is invested in the Company’s stock, as investment options for participants.

- 4 -


  Vesting—Participants are immediately and fully vested in his/her voluntary contributions and the Company’s matching contribution plus actual earnings thereon. Vesting in the Company’s discretionary profit-sharing contribution portion of their accounts is based on years of continuous service. Company profit-sharing contributions and earnings thereon vest as follows:

Years of Service Percentage Vested

Less than 2
0 %
2 10
3 20
4 40
5 60
6 80
7 or more 100

  Forfeited balances of terminated participants are allocated to the remaining participants eligible to receive a profit-sharing contribution, based on the ratio of each participant’s compensation for the plan year to total eligible participants’ compensation for the plan year. There were forfeitures of $13,527 and $13,277 for 2005 and 2004, respectively.

  Payment of Benefits—Benefits may be paid to a participant or beneficiary upon retirement, total and permanent disability, death, financial hardship, or termination of employment in a lump-sum amount equal to the value in the participant’s account in accordance with the Plan provisions.

  Administrative Expenses—All expenses are paid by the Company with the exception of trustee, investment advisor fees and administrative services paid by the Plan.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

  Basis of Accounting—The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America.

  Use of Estimates—The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of net assets available for benefits and changes therein. Actual results could differ from those estimates.

  Investment Valuation and Income Recognition—The Plan’s investments are stated at fair value. Quoted market prices are used to value investments, if available. Shares of mutual funds are valued at quoted market prices, which represent the net asset value of shares held by the Plan at year-end. Units of the stable value fund and stock fund are valued daily based on the total fund value divided by the number of outstanding units.

  Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date.

  Management fees and operating expenses charged to the Plan for investments in the mutual funds are deducted from income earned on a daily basis and are not separately reflected. Consequently, management fees and operating expenses are reflected as a reduction of investment return for such investments.

- 5 -


  The Plan utilizes various investment instruments. Investment securities, in general, are exposed to various risks, such as interest rate, credit, and overall market volatility. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the values of investment securities will occur in the near-term and that such changes could materially affect the amounts reported in the financial statements.

  Payment of Benefits—Benefit payments to participants are recorded upon distribution. As of June 30, 2005 and 2004, there were no amounts due to persons who had elected to withdraw from the Plan but had not yet been paid.

3. PLAN TERMINATION

  The Plan may be discontinued at any time by the Company subject to the provisions set forth in ERISA, but only upon the condition that such action shall render it impossible for any part of the trust to be used for purposes other than the exclusive benefit of participants. Upon complete or partial termination of the Plan, including complete discontinuance of contributions, participants would become 100% vested in their account and the trust will continue to be administered as provided in the trust agreement. The Company currently has no intention to terminate the Plan.

4. INVESTMENTS

  The Plan’s investments that represented 5% or more of the Plan’s net assets available for benefits as of June 30, 2005 and 2004, are as follows:

2005 2004

Vanguard 500 Index Fund
    $ 7,088,132   $ -      
American Funds American Balanced Fund    3,352,503    2,518,135  
Pimco Funds Total Return Fund    1,280,744   -      
Dodge & Cox Stock Fund    1,003,534   -      
Gartmore Morley Stable Value Fund    836,895   -      
Fifth Third Equity Index Fund        7,138,715  
Fifth Third Intermediate Bond Fund        1,346,748  
Fifth Third Prime Money Market Fund        908,105  
Franklin Small-Mid Cap Growth Fund        818,274  

  During the year ended June 30, 2005, the Plan’s investments (including gains and losses on investments bought and sold, as well as held during the year) appreciated in value as follows:

Vanguard 500 Index Fund     $ 71,756  
American Funds American Balanced Fund    41,893  
Dodge & Cox Stock Fund    50,605  
Pimco Funds Total Return Fund    27,921  
Gartmore Morley Stable Value Fund    6,408  
Other funds    385,213  

Net appreciation in fair value of investments   $ 583,796  


- 6 -


5. TRANSACTIONS WITH PARTIES-IN-INTERST

  Fees for trustee, investment advisor services, and administrative services were paid by the Plan. Fees paid by the Plan for services rendered by parties-in-interest were based on customary and reasonable rates for such services.

  Certain Plan investments are managed by the trustee. Such investments fall within the investment guidelines of the Plan and are considered related party transactions. As of June 30, 2005 and 2004, the Plan held $116 and $9,445,361, respectively, of such investments.

  Additionally, the Plan invests in a stock fund that holds Company common stock. As of June 30, 2005 and 2004, the Plan held $481,489 and $491,574, respectively, of the stock fund.

6. FEDERAL INCOME TAX STATUS

  The Internal Revenue Service has determined and informed the Company by a letter dated April 14, 2003 that the Plan and related trust were designed in accordance with the applicable regulations of the IRC. The Plan has been amended since receiving the determination letter; however, the Company and the plan administrator believe that the Plan is currently designed and operated in compliance with the applicable requirements of the IRC and the Plan and related trust continue to be tax-exempt. Therefore, no provision for income taxes has been included in the Plan’s financial statements.

* * * * * *





- 7 -






SUPPLEMENTAL SCHEDULES





- 8 -


KNAPE & VOGT MANUFACTURING COMPANY EMPLOYEES’
RETIREMENT SAVINGS PLAN

PLAN NUMBER 003
EMPLOYER IDENTIFICATION NUMBER: 38-0722920

FORM 5500, SCHEDULE H, PART IV, LINE 4i—
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AS OF JUNE 30, 2005


Identity of issue,
borrower, lessor, or
similar party
Description of investment,
including maturity date,
rate of interest, collateral,
par, or maturity value
Cost Current
Value

*
    Stock Fund     Knape & Vogt Manufacturing              
           Company common stock   #   $ 481,489  
   
*   Wilmington Trust Company   Prime Money Market Portfolio   #    116  
   
    Vanguard   500 Index Fund   #    7,088,132  
   
    American Funds   American Balanced Fund   #    3,352,503  
   
    Pimco Funds   Total Return Fund   #    1,280,744  
   
    Dodge & Cox   Stock Fund   #    1,003,534  
   
    Gartmore Morley   Stable Value Fund   #    836,895  
   
    Calamos Investments   Growth Fund   #    739,805  
   
    Franklin Templeton Investments   Balance Sheet Investment Fund   #    478,069  
   
    T. Rowe Price   Mid-Cap Value Fund   #    432,695  
   
    American Funds   The Growth Fund of America   #    377,277  
   
    Thornburg   International Value Fund   #    375,044  
   
    The Hartford   Capital Appreciation Fund   #    141,858  
   
    Heritage   Small-Cap Fund   #    4,875  

   
    TOTAL           $ 16,593,036  

# The cost of participant-directed investments is not required to be disclosed.

* Denotes party-in-interest to the Plan.

- 9 -


KNAPE & VOGT MANUFACTURING COMPANY EMPLOYEES’
RETIREMENT SAVINGS PLAN

FORM 5500, SCHEDULE H, PART IV, LINE 4j—
SCHEDULE OF REPORTABLE TRANSACTIONS
FOR THE YEAR ENDED JUNE 30, 2005


(a)
Identity of Party Involved
(b)
Description of Asset,
Including Interest Rate and
Maturity in Case of Loan
(c)
Purchase
Price
(d)
Selling
Price
(e)
Lease
Rental
(f)
Expenses
Incurred With
Trans- action
(g)
Cost of
Asset
(h)
Current
Value
(i)
Net
Gain (loss)

i) A single transaction in excess of 5% of
     the beginning of the Plan year current
     value of assets:
 
    Fifth Third Bank     Fifth Third Prime Money Market Fund     $ -       $ 1,009,169           $ 1,009,169   $ 1,009,169   $ -      
   Fifth Third Bank   Fifth Third Prime Money Market Fund    902,605               902,065    902,065  
   Fifth Third Bank   Fifth Third Prime Money Market Fund        910,336         910,336    910,336  
   Fifth Third Bank   Franklin Small-Mid Cap Growth Fund         795,501          280,792    795,501    514,709  
   Fifth Third Bank   Dodge & Cox Stock Fund         836,986          367,520    836,986    469,466  
   Fifth Third Bank   Fifth Third Equity Index Fund         7,336,441          1,916,086    7,336,441    5,420,355  
   Fifth Third Bank   American Funds American Balanced Fund         2,626,278          704,883    2,626,278    1,921,395  
   Fifth Third Bank   Fifth Third Intermediate Bond Fund         1,238,373          500,487    1,238,373    737,886  
   Wilmington Trust Company   American Funds American Balanced Fund    3,297,803               3,297,803    3,297,803  
   Wilmington Trust Company   Calamos Investments Growth Fund    795,501               795,501    795,501  
   Wilmington Trust Company   Pimco Funds Total Return Fund    1,281,361               1,281,361    1,281,361  
   Wilmington Trust Company   Gartmore Morley Stable Value Fund    910,336               910,336    910,336  
   Wilmington Trust Company   Vanguard 500 Index Fund    7,336,441               7,336,441    7,336,441  
   Wilmington Trust Company   Wilmington Trust Company Prime  
       Money Market Portfolio    910,336               910,336    910,336  
   Wilmington Trust Company   Wilmington Trust Company Prime  
       Money Market Portfolio        910,336         910,336    910,336  
   Wilmington Trust Company   Dodge & Cox Stock Fund    805,774               805,774    805,774  

iii) A series of transactions with respect to securities of
     the same issue which amount in the aggregate to
     more than 5% of the beginning of the Plan year
     current value of assets:
 
   Fifth Third Bank   Fifth Third Prime Money Market Fund    264,949               264,949    264,949  
                1,172,019         1,172,019    1,172,019  
   Fifth Third Bank   Fifth Third Equity Index Fund    568,842               568,842    568,842  
                 498,799          420,382    498,799    78,417  
   Fifth Third Bank   Fifth Third Prime Money Market Fund    1,376,785               1,376,785    1,376,785  
                1,376,785         1,376,785    1,376,785  

(Continued)

- 10 -


KNAPE & VOGT MANUFACTURING COMPANY EMPLOYEES’
RETIREMENT SAVINGS PLAN

FORM 5500, SCHEDULE H, PART IV, LINE 4j—
SCHEDULE OF REPORTABLE TRANSACTIONS
FOR THE YEAR ENDED JUNE 30, 2005


(a)
Identity of Party Involved
(b)
Description of Asset,
Including Interest Rate and
Maturity in Case of Loan
(c)
Purchase
Price
(d)
Selling
Price
(e)
Lease
Rental
(f)
Expenses
Incurred With
Trans- action
(g)
Cost of
Asset
(h)
Current
Value
(i)
Net
Gain (loss)

iii) A series of transactions with respect to securities of
     the same issue which amount in the aggregate to
     more than 5% of the beginning of the Plan year
     current value of assets (continued):
 
    Fifth Third Bank     Franklin Small-Mid Cap Growth Fund     $ 48,731   $ -               $ 48,731   $ 48,731   $ -  
                 952,253          316,680    952,253    635,573  
   Fifth Third Bank   Dodge & Cox Stock Fund    217,414              217,414    217,414       
                 901,549          389,597    901,549    511,952  
   Fifth Third Bank   Fifth Third Equity Index Fund    552,703              552,703    552,703       
                 8,020,297          2,216,599    8,020,297    5,803,698  
   Fifth Third Bank   American Funds American Balanced Fund    176,902              176,902    176,902       
                 2,723,931          720,977    2,723,931    2,002,954  
   Fifth Third Bank   Dodge & Cox Balanced Fund    159,343              159,343    159,343       
                 719,542          321,552    719,542    397,990  
   Fifth Third Bank   Fifth Third Intermediate Bond Fund    69,653              69,653    69,653       
                 1,307,689          510,072    1,307,689    797,617  
   Fifth Third Bank   Knape & Vogt Manufacturing Company  
       Stock Fund    196,904              196,904    196,904       
                 691,352          295,174    691,352    396,178  
   Wilmington Trust Company   American Funds American Balanced Fund    3,465,398              3,465,398    3,465,398       
                 154,426          152,687    154,426    1,739  
   Wilmington Trust Company   Calamos Investments Growth Fund    836,455              836,455    836,455       
                 107,826          107,649    107,826    177  
   Wilmington Trust Company   Pimco Funds Total Return Fund    1,332,898              1,332,898    1,332,898       
                 80,077          78,670    80,077    1,407  
   Wilmington Trust Company   Gartmore Morley Stable Value Fund    1,028,897              1,028,897    1,028,897       
                 198,407          197,737    198,407    670  
   Wilmington Trust Company   Vanguard 500 Index Fund    7,556,114              7,556,114    7,556,114       
                 539,741          529,551    539,741    10,190  
   Wilmington Trust Company   Wilmington Trust Company Prime  
       Money Market Portfolio    1,521,193              1,521,193    1,521,193       
                 1,521,076          1,521,076    1,521,076      
   Wilmington Trust Company   Dodge & Cox Stock Fund    1,032,707              1,032,707    1,032,707       
                 62,273          43,053    62,273    19,220  

There were no reportable transactions under categories (ii) and (iv).

(Concluded)

- 11 -


SIGNATURES

        The Plan. Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees of the Knape & Vogt Manufacturing Company Employees’ Retirement Savings Plan have caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.

KNAPE & VOGT MANUFACTURING COMPANY
EMPLOYEES' RETIREMENT SAVINGS PLAN


By: /s/ William R. Dutmers
        ——————————————
         Name: William R. Dutmers
         Title: Chairman of the Board and
                      Chief Executive Officer

Date: December 22, 2005

- 12 -


EXHIBIT INDEX

Exhibit No. Description

23.1 Independent Auditors' Consent of Deloitte & Touche LLP





- 13 -


EX-23 2 kv11k_063005-ex23.htm Knape & Vogt Form 11-K Exhibit 23.1

EXHIBIT 23.1

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We consent to the incorporation by reference in Registration Statement No. 33-88212 on Form S-8 of our report dated December 14, 2005, appearing in this Annual Report on Form 11-K of Knape & Vogt Manufacturing Company Employees’ Retirement Savings Plan for the year ended June 30, 2005.

/s/ Deloitte & Touche LLP

Grand Rapids, Michigan
December 22, 2005

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