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
January 13, 2014
Date of Report (Date of earliest event reported)
MESA LABORATORIES, INC.
(Exact name of registrant as specified in its charter)
Commission File Number: 0-11740
COLORADO |
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84-0872291 |
(State or other jurisdiction of |
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(I.R.S. Employer |
incorporation) |
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Identification No.) |
12100 WEST SIXTH AVENUE, |
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LAKEWOOD, COLORADO |
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80228 |
(Address of principal executive offices) |
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(Zip Code) |
Registrants telephone number, including area code: (303) 987-8000
Not Applicable
(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 (see General Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
ITEM 8.01 OTHER EVENTS
In this Current Report on Form 8-K, we are furnishing a Power Point presentation which we used in a microcap conference on January 13, 2014. We expressly disclaim any obligation to update this presentation and caution that it was only accurate as of January 13, 2014. The inclusion of any data or statements in this presentation does not signify that the information is considered material.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
Exhibit 9.1. Power Point presentation that was used in a microcap conference on January 13, 2014.
We are furnishing Exhibit 9.1 to this Current Report on Form 8-K in accordance with Item 8.01, Other Events. This exhibit shall not be deemed to be filed for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or otherwise subject to the liability of such section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of the general incorporation language of such filing, except as shall be expressly set forth by specific reference in such filing.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
Exhibit # |
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Description |
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Reference |
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9.1 |
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Power Point Presentation dated January 13, 2014 |
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Attached herewith. |
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.
DATE: January 30, 2014 |
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Mesa Laboratories, Inc. |
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( Registrant) |
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BY: |
/s/ John J. Sullivan |
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John J. Sullivan, |
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President and Chief Executive Officer |
Exhibit 9.1
Mesa Laboratories, Inc. NASDAQ: MLAB John Sullivan, President and CEO John Sakys, VP Finance and CFO |
2 Safe Harbor Statement Certain statements in this communication may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements regarding future prospects and developments are based upon current expectations and involve certain risks and uncertainties that could cause actual results and developments to differ materially from the forward-looking statement, including those detailed in the company's filings with the Securities and Exchange Commission. |
3 5-Year Performance Summary History of Highly Profitable Operations 59% Gross Margins 32% Operating Income 20% Net Income Highly Effective Growth Strategy 18% 5-Yr. Revenue CAGR 13% 5-Yr Net Income CAGR |
4 Mesa Labs Founded in 1982, Public in 1984 Manufacturer of Electronic Instruments and Disposable Products for Specialty Markets ~250 Employees Three Divisions Instruments Continuous Monitoring (CM) Biological Indicators |
5 Mesa Labs Today Lakewood, CO - Instruments Omaha, NE - Biological Indicators Bozeman, MT - Biological Indicators Butler, NJ - Instruments |
6 Mesas Products Focus on Products for Quality Control Regulated Industries and Applications High Value, High Technology Limited Competition Niche Markets and Applications |
7 Instruments and CM Markets Healthcare Pharma Manufacturing Medical Device Manufacturing Food and Beverage Consumer Products Manufacturing Industrial Hygiene Semiconductor Manufacturing Metrology Laboratories Regulated Markets |
8 Biological Indicators Markets Sterility Quality Control Dental Offices Hospitals Pharma Manufacturing Medical Device Manufacturing Regulated Markets |
9 Biological Indicators |
10 Medical Products Hemodialysis Meters for Machine Calibration Calibration Standards Hemodialysis Meters for Daily Clinic Quality Control |
11 DataTrace Data Loggers Micropack-III System Micropack-RF System |
12 Bottle Cap Torque Testing Torqo II SureTorque |
13 Bios Products Routine Calibrators for Industrial Hygiene Laboratory Grade Instruments for Critical Calibrations |
Continuous Monitoring (CM) 14 Monitoring of: Refrigerators Freezers Warehouse Incubators Other Equip. |
15 Continuous Monitoring Markets: Hospitals, Blood Banks, Pharmacy, Pharma, Med Device, and many others Synergistic with Mesas Dataloggers Nov. 6, 2013 Acquisitions TempSys Emeryville, CA Amega Scientific Marlton, NJ Adds ~ $10M in revenue Integrating products, processes, personnel, etc. |
Creating a Force in Monitoring 16 Validation Software Customer Focus Sales i-Cloud Service Support Sensor Design Software Customer Focus Calibration Service Support New Monitoring Product and Services Offering Take the Best Practices from each company Learn from each other |
17 Growth Strategy |
18 Primary Strategic Goal Superior Return For Our Shareholders Revenue Growth Profit (EPS) Growth Increased Share Price Increased Dividend |
19 Key Revenue Growth Strategies Improved Distribution Channels Increase direct sales Improved distributor base Focus on E-marketing New Products Increase R&D funding (3X in 5 years) Strategic Acquisitions |
20 Acquisition Growth Strategy Market Selection Niche, Regulation Driven, Growing Products High Technology, High Value, High Margin Quality Control Applications Competition Few Competitors, Strong Mesa Position |
21 Mesas Acquisitions Amega Scientific, 2013: Continuous Monitoring Systems Tempsys, 2013: Continuous Monitoring Systems SureTorque, 2013: Bottle Cap Torque Testing Instruments Bios international, 2012: Flow Calibration Instruments Apex Disc, 2010: Biological Indicators for Hydrogen Peroxide SGM Biotech, 2010: Biological Indicators for Sterility QC Torqo, 2009: Bottle Cap Torque Testing Instruments Raven, 2006: Biological Indicators for Sterility Quality Control Automata, 1999: Meters for Dialysis Clinics and Machine QC Nusonics, 1993: Analyzers and Flow Meters for Industrial DataTrace, 1989: Dataloggers for Manufacturing QC Western Laboratories, 1984: Meters for Dialysis |
22 Financial Information |
23 Historical Performance FYE March 31 2009 2010 2011 2012 2013 Gross Profit 61% 57% 57% 59% 62% Operating Inc. 34% 32% 29% 31% 34% Net Income 21% 21% 18% 20% 18% |
24 Sales History FYE March 31 |
25 Net Income History FYE March 31 |
26 Earnings and Dividend FYE March 31 |
27 10-Year MLAB Share Price 10 20 30 40 50 60 70 80 2004 2005 2006 2007 2008 2009 2010 2014 2011 2012 2013 |
28 Going Forward Continue Fostering Organic Growth Improved Distribution Channels New Products Continue Acquisitions Strategy Operational Efficiency ~20% Net |
29 Thank You! John Sullivan jsullivan@mesalabs.com John Sakys jsakys@mesalabs.com NASDAQ: MLAB Phone 303-987-8000 |
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