0001437749-12-000989.txt : 20120201 0001437749-12-000989.hdr.sgml : 20120201 20120201163818 ACCESSION NUMBER: 0001437749-12-000989 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20120126 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20120201 DATE AS OF CHANGE: 20120201 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ARTS WAY MANUFACTURING CO INC CENTRAL INDEX KEY: 0000007623 STANDARD INDUSTRIAL CLASSIFICATION: FARM MACHINERY & EQUIPMENT [3523] IRS NUMBER: 420920725 STATE OF INCORPORATION: DE FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-05131 FILM NUMBER: 12562995 BUSINESS ADDRESS: STREET 1: P O BOX 288 CITY: ARMSTRONG STATE: IA ZIP: 50514 BUSINESS PHONE: 7128643131 MAIL ADDRESS: STREET 1: P O BOX 288 CITY: ARMSTRONG STATE: IA ZIP: 50514 8-K 1 artw_8k-012612.htm FORM 8-K artw_8k-012612.htm


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): January 26, 2012

ART’S-WAY MANUFACTURING CO., INC.
(Exact Name of Registrant as Specified in Its Charter)


Delaware
(State or Other Jurisdiction of Incorporation)
     
000-05131
 
42-0920725
(Commission File Number)
 
(IRS Employer Identification No.)
   
 
5556 Highway 9
Armstrong, Iowa 50514
(Address of Principal Executive Offices)  (Zip Code)
 
(712) 864-3131
(Registrant’s telephone number, including area code)
 
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:

 o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
 o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
 o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 


 
 

 
 
Item 5.02               Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers

On January 26, 2012, Art’s-Way Manufacturing Co., Inc (the “Company”) promoted Jason D. Feucht to Chief Financial Officer. Mr. Feucht has served as the Company’s Director of Finance since January 24, 2011. In his role as Chief Financial Officer, Mr. Feucht will perform the duties of principal financial officer. In connection with Mr. Feucht’s appointment, Carrie Majeski will no longer serve as principal financial officer. Mrs. Majeski will continue to serve as President and Chief Executive Officer.

Mr. Feucht, 41, has 17 years of experience in financial and accounting positions in several industries.  Prior to joining the Company, he served as a Financial and Operational Analyst for Liguria Foods, Inc. from 2009 to 2010.  Mr. Feucht’s previous positions were with LodgeNet, Inc. as a Senior Financial Analyst from 2008 to 2009, and Perficient, Inc. as a Director Of Planning and Analysis from 2004 to 2008.  Earlier in his career, Mr. Feucht held various positions at IBM Global Services and DD Pyle Company, P.C.  Mr. Feucht graduated from Iowa State University in 1994 with a BS in accounting and in 2001 with an MBA.

On December 20, 2011, prior to Mr. Feucht’s promotion to Chief Financial Officer, the Company entered into an employment agreement (the “Agreement”) with Mr. Feucht in his role as Director of Finance. The Agreement will not be materially amended in connection with Mr. Feucht’s promotion to Chief Financial Officer.

Also on January 26, 2012, David R. Castle provided the Company with notice of his intent not to stand for reelection to the Board of Directors of the Company at the 2012 Annual Meeting of Stockholders.  Mr. Castle’s decision not to pursue reelection was not due to a disagreement with the Company. Mr. Castle will continue to serve as a director of the Company until the expiration of his term at the 2012 Annual Meeting of Stockholders.

Item 8.01               Other Events.

On February 1, 2012, the Company issued a press release regarding Mr. Feucht’s appointment as Chief Financial Officer. The full text of the  press release is set forth in Exhibit 99.1 attached hereto and is incorporated by reference in this Current Report on Form 8-K as if fully set forth herein.

Item 9.01               Financial Statements and Exhibits.

(a)           Financial statements:  None

(b)           Pro forma financial information:  None

 
(c)
Shell Company Transactions:  None

(d)           Exhibits:

 
99.1
Press Release dated February 1, 2012
 
 
 

 
 
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 hereunto duly authorized.

Dated: February 1, 2012
  ART’S-WAY MANUFACTURING CO., INC.  
       
     
  /s/ Carrie L. Majeski  
  Carrie L. Majeski  
  President and Chief Executive Officer  
 
 

 
                                                               
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

ART’S-WAY MANUFACTURING CO., INC.
EXHIBIT INDEX TO FORM 8-K
 
 
Date of Report:  Commission File No.:
January 26, 2012   000-05131
 
Exhibit No.                            Item

99.1
Press Release dated February 1, 2012


EX-99.1 2 ex99-1.htm EXHIBIT 99.1 ex99-1.htm
Exhibit 99.1

 
FOR IMMEDIATE RELEASE     For More Information, Contact:
February 1, 2012   Jim Drewitz, Investor Relations   
    830-669-2466
 

ART’S WAY MANUFACTURING NAMES JASON FEUCHT,
 CHIEF FINANCIAL OFFICER


ARMSTRONG, Iowa, February 1, 2012 – Art’s Way Manufacturing Co., Inc. (NASDAQ: ARTW), a leading manufacturer and distributor of agricultural machinery, equipment and services announces that Jason Feucht has been promoted to Chief Financial Officer effective January 26, 2012.  Prior to this position, Mr. Feucht served as the Director of Finance for Art’s Way Manufacturing.  Mr. Feucht has 17 years of experience in Financial and Accounting positions. Previous positions were with Liguria Foods, LodgeNet, Perficient, IBM Global Servicesa, and DD Pyle.  His career started in Public Accounting at DD Pyle Co. where he worked from 1994-2001.  Mr. Feucht graduated from Iowa State University in 2011 with an MBA and in 1994 with a B.S. in Accounting.

J. Ward McConnell, Jr., Chairman of the Board, said, “Jason will be a great addition to our growing senior leadership at Art’s Way. In addition to the significant roles he has played in managing complex finance and accounting procedures, he brings experience and proven skills that make him a natural choice for his new role.”

About Art’s Way Manufacturing, Inc.

Art's Way manufactures and distributes farm machinery niche products including animal feed processing equipment, sugar beet defoliators and harvesters, land maintenance equipment, crop shredding equipment, plows, hay and forage equipment and top and bottom drive augers. After market service parts are also an important part of the Company's business. We have two wholly owned subsidiaries. Art's Way Vessels, Inc. manufactures pressurized tanks and vessels and Art's Way Scientific, Inc. manufactures modular animal confinement buildings and modular laboratories.

For More Information, Contact:  Jim Drewitz, Investor Relations
  830-669-2466
  jim@jdcreativeoptions.com
  www.jdcreativeoptions.com
 
Or visit the Company's website at www.artsway-mfg.com

This news release includes "forward-looking statements" within the meaning of the federal securities laws, including but not limited to the expected benefits from appointing Mr. Feucht as Chief Financial Officer. Statements of anticipated future results are based on current expectations and are subject to a number of risks and uncertainties, including but not limited to, quarterly fluctuations in results, the management of growth and other risks detailed from time to time in the Company's Securities and Exchange Commission filings. Actual results may differ markedly from management's expectations. The Company cautions readers not to place undue reliance upon any such forward-looking statements.


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