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): November 9, 2012
ART'S-WAY MANUFACTURING CO., INC.
(Exact Name of Registrant as Specified in Its Charter)
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Delaware | ||
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(State or Other Jurisdiction of Incorporation) | ||
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000-05131 |
42-0920725 | |
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(Commission File Number) |
(IRS Employer | |
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Identification No.) | ||
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5556 Highway 9 Armstrong, Iowa 50514 | ||
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(Address of Principal Executive Offices) (Zip Code) | ||
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(712) 864-3131 | ||
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(Registrant's telephone number, including area code) | ||
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Not Applicable | ||
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(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:
☐ 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 8.01 Other Events
On November 9, 2012, Art's-Way Manufacturing Co., Inc. issued a press release announcing its declaration of a cash dividend of $0.10 per share to stockholders of record as of November 19, 2012. The dividend will be paid on November 30, 2012.
The full text of the press release is furnished as Exhibit 99.1 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.
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(a) |
Financial statements: None |
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(b) |
Pro forma financial information: None |
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(c) |
Shell Company Transactions: None |
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(d) |
Exhibits: |
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99.1 |
Press Release dated November 9, 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: November 9, 2012
| ART'S-WAY MANUFACTURING CO., INC. | |||
| By: | /s/ Carrie L. Majeski | ||
| Carrie L. Majeski
President, Chief Executive Officer, and interim Chief Financial Officer |
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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.: November 9, 2012 000-05131
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Exhibit No. |
ITEM |
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99.1 |
Press Release dated November 9, 2012 |
Exhibit 99.1
FOR IMMEDIATE RELEASE
November 9, 2012
ART'S WAY MANUFACTURING ANNOUNCES CASH DIVIDEND ON THE COMPANY'S COMMON STOCK
ARMSTRONG, IOWA, November 9, 2012 – Art's Way Manufacturing Co., Inc., (NASDAQ:ARTW) a leading manufacturer and distributor of agricultural machinery, equipment and services announces the Board of Directors of the Company approved a cash dividend on the Company's common stock. The dividend of $0.10 is payable on November 30, 2012, to shareholders of record on November 19, 2012. Art's Way Manufacturing has paid a dividend each year since 2005.
J. Ward McConnell Jr., Executive Chairman of the Board of Directors said, “We are very pleased to be continuing our legacy of dividend payouts. We have a track record of paying dividends and delivering long-term value to our shareholders is a top priority of the Company.
“We have had a strong year, our business fundamentals remain strong and we believe the Company is well positioned to aggressively move forward into 2013. We again, want to thank all of our loyal shareholders for their support.”
About Art's Way Manufacturing, Inc.
Art's Way manufactures and distributes farm machinery and niche products including animal feed processing equipment, sugar beet defoliators and harvesters, land maintenance equipment, crop shredding equipment, round hay balers, plows, hay and forage equipment, manure spreaders, reels for combines and swathers, and top and bottom drive augers, as well as pressurized tanks and vessels, and modular animal confinement buildings and laboratories. After-market service parts are also an important part of the Company's business. The Company has three reporting segments: agricultural products; pressurized tanks and vessels; and modular buildings.
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. Statements made in this release that are not strictly statements of historical facts, including: (i) our beliefs with respect to the current state of the agricultural sector of the economy and (ii) our expectations for growth, are forward-looking statements. 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, customer demand for the Company's products, domestic and international economic conditions, the cost of raw materials, the management of growth, the availability of investment opportunities, and other factors 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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