-----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, PxoHwMUh9qMfY69YNKOypQo5azhCNCcN1ZYzgZJ4w7qVk8EjmjymQEf49wanpvHm Eg498smLDtofZfqUi2ECAA== 0001193125-08-073357.txt : 20080402 0001193125-08-073357.hdr.sgml : 20080402 20080402161822 ACCESSION NUMBER: 0001193125-08-073357 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20080401 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080402 DATE AS OF CHANGE: 20080402 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN VANGUARD CORP CENTRAL INDEX KEY: 0000005981 STANDARD INDUSTRIAL CLASSIFICATION: AGRICULTURE CHEMICALS [2870] IRS NUMBER: 952588080 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13795 FILM NUMBER: 08733764 BUSINESS ADDRESS: STREET 1: 4695 MACARTHUR COURT CITY: NEWPORT BEACH STATE: CA ZIP: 92660 BUSINESS PHONE: 9492601200 MAIL ADDRESS: STREET 1: 4695 MACARTHUR COURT CITY: NEWPORT BEACH STATE: CA ZIP: 92660 FORMER COMPANY: FORMER CONFORMED NAME: AEROCON INC DATE OF NAME CHANGE: 19720620 8-K 1 d8k.htm FORM 8-K 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): April 1, 2008

AMERICAN VANGUARD CORPORATION

(Exact name of registrant as specified in its charter)

 

Delaware   001-13795   95-2588080
(State or other jurisdiction
of incorporation)
  Commission File Number   (I.R.S. Employer
Identification No.)

4695 MacArthur Court

Newport Beach, California 92660

(Address of principal executive offices)

Registrant’s telephone number: (949) 260-1200

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))

 

 

 


Item 2.02 Results of Operations and Financial Condition

On April 1, 2008 American Vanguard Corporation issued a press release announcing, among other things, that adverse weather conditions in the midwest would likely affect its financial performance for the quarter ended March 30, 2008. The full text of that press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

The information contained in this Current Report on Form 8-K, including the Exhibits attached hereto, is being furnished under Item 2.02 and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

 

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

 

Exhibit 99.1    Press release dated April 1, 2008 of American Vanguard Corporation.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, American Vanguard Corporation has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

    AMERICAN VANGUARD CORPORATION
Date:   April 2, 2008     By:   /s/ Timothy J. Donnelly
        Timothy J. Donnelly
       

Vice President, General Counsel

& Secretary


INDEX TO EXHIBITS

 

Exhibit No.

  

Description

Exhibit 99.1    Press release of American Vanguard Corporation dated April 1, 2008.
EX-99.1 2 dex991.htm PRESS RELEASE Press release

Exhibit 99.1

LOGO

FOR IMMEDIATE RELEASE

AMERICAN VANGUARD PROVIDES BUSINESS PERFORMANCE UPDATE

Adverse Weather Influences First Quarter 2008 Results; Delayed Corn Insecticide Sales Expected to be

Recognized in the Second Quarter

Newport Beach, CA – April 1, 2008 – American Vanguard Corporation (NYSE: AVD), today announced that adverse mid-west weather conditions will likely cause first quarter 2008 performance to be below that of the prior year first quarter. While sales are expected to approach prior year levels, earnings will likely be impacted by higher incremental costs associated with several important new growth initiatives.

Eric Wintemute, President and CEO of American Vanguard, stated, “As has been widely reported, over-abundant rainfall and continued cold temperatures have significantly affected preparation for and implementation of crop planting in large sections of the mid-west Corn Belt. This delay in planting has deferred the drawdown of existing chemical inventories staged in distribution channels and also postponed typical replenishment orders that generally occur during the later weeks of the first quarter. We are confident that as corn planting occurs throughout the Spring, much of our granular corn soil insecticide sales will be recognized in the second quarter of 2008.”

Mr. Wintemute added, “As we have highlighted in recent conference calls and on our corporate website, our programs for insect resistance management and corn yield enhancement are both expected to be very significant contributors to our future growth. As corn growers increasingly recognize the critical importance of “refuge acre” compliance (required by the EPA and endorsed by the producers of genetically modified corn seed) and come to appreciate the highly-profitable yield enhancement of using our granular insecticide treatments in conjunction with their genetically modified seeds, American Vanguard is ideally positioned to capitalize on both of these developing trends.”

“Additionally, American Vanguard offers an exceptional corn herbicide Impact® to complement the traditional widespread use of glyphosate-based weed treatments. This year’s inclement weather may result in lighter-than-normal use of pre-emergent herbicides and accentuate the use of post-emergent products such as Impact®. Also, an apparent industry-wide (worldwide) shortage of glyphosate may further necessitate the use of alternative herbicides, making Impact® a likely beneficiary.”

Mr. Wintemute, concluded, “It is important to note that, the non-corn portions of our business are experiencing solid performance in the first quarter and we expect that this year’s demand requirements in potatoes, vegetables, fruits, and turf and ornamental should offset the potential for continued softness in the cotton market caused by diminished acreage. We will have further information on first quarter business and financial performance during our quarterly earnings conference call scheduled for May 8, 2008.”

About American Vanguard

American Vanguard Corporation is a diversified specialty and agricultural products company that develops and markets products for crop protection management, turf and ornamentals management, and various public and animal health applications. American Vanguard is included on the Russell 2000® and Russell® 3000 Indexes. To learn more about American Vanguard, please reference the Company’s web site at www.american-vanguard.com.


The Company, from time to time, may discuss forward-looking information. Except for the historical information contained in this release, all forward-looking statements are estimates by the Company’s management and are subject to various risks and uncertainties that may cause results to differ from management’s current expectations. Such factors include weather conditions, changes in regulatory policy and other risks as detailed from time-to-time in the Company’s SEC reports and filings. All forward-looking statements, if any, in this release represent the Company’s judgment as of the date of this release.

 

CONTACT:                            -OR-   AVD’S INVESTOR RELATIONS FIRM
American Vanguard Corporation      The Equity Group Inc.
William A. Kuser, Director of Investor Relations      www.theequitygroup.com
(949) 260-1200      Lena Cati (212) 836-9611
williamk@amvac-chemical.com      Lcati@equityny.com
     Linda Latman (212) 836-9609 Llatman@equityny.com

####

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