0000080172-17-000019.txt : 20170426 0000080172-17-000019.hdr.sgml : 20170426 20170426160916 ACCESSION NUMBER: 0000080172-17-000019 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20170425 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20170426 DATE AS OF CHANGE: 20170426 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NATIONAL PRESTO INDUSTRIES INC CENTRAL INDEX KEY: 0000080172 STANDARD INDUSTRIAL CLASSIFICATION: ORDNANCE & ACCESSORIES, (NO VEHICLES/GUIDED MISSILES) [3480] IRS NUMBER: 390494170 STATE OF INCORPORATION: WI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-02451 FILM NUMBER: 17784438 BUSINESS ADDRESS: STREET 1: 3925 N HASTINGS WAY CITY: EAU CLAIRE STATE: WI ZIP: 54703 BUSINESS PHONE: 7158392121 MAIL ADDRESS: STREET 1: 3925 N HASTINGS WAY CITY: EAU CLAIRE STATE: WI ZIP: 54703 FORMER COMPANY: FORMER CONFORMED NAME: NATIONAL PRESSURE COOKER CO DATE OF NAME CHANGE: 19710509 8-K 1 npi-20170425x8k.htm 8-K 20170426 8K Eliminator for Sale

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 25, 2017

_______________



National Presto Industries, Inc.

(Exact name of registrant as specified in this chapter)





 

 

 

 

Wisconsin

 

1-2451

 

39-0494170

(State or other jurisdiction of incorporation)

 

(Commission File Number)

 

(IRS Employer Identification No.)





 

 

3925 North Hastings Way

Eau Claire, Wisconsin

 

54703-3703

(Address of principal executive office)

 

(Zip Code)



Registrant’s telephone number, including area code: 715-839-2121



N/A

(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 240.13a-4(c))



Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company



If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.



 


 

Item 8.01    Other Events



On April 25, 2017,  Rusoh, Inc., a wholly owned subsidiary of the registrant,  issued a press release regarding the availability of its new fire extinguisher for commercial sale.   The full text of the press release is filed as Exhibit 99.1 to this Form 8-K. Such Exhibit 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 No.

Description

99.1

Press Release of Rusoh, Inc. dated April 25, 2017



Forward looking statements in this Form 8-K are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. There are certain important factors that could cause results to differ materially from those anticipated by some of the statements made herein. Investors are cautioned that all forward looking statements involve risks and uncertainty. In addition to the factors discussed above, among the other factors that could cause actual results to differ materially are the following: government defense spending and defense requirements; termination for the convenience of the government; interest rates; continuity of relationships with and purchases by the United States Government and other major customers; unexpected problems or events experienced by subcontractors, team members, or their respective suppliers or subcontractors; product mix; competitive pressure on pricing; increases in material, freight/shipping, labor or other production costs that cannot be recouped through pricing; and such other factors as may be described from time to time in the Registrant’s SEC filings.



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.





 

 

 

 

National Presto Industries, Inc.

 

 

(Registrant)

 

 

 

 

 

Date: April 26, 2017

By:

/s/ Maryjo Cohen

 

 

 

(Signature) Maryjo Cohen, President

 

 

 

and Chief Executive Officer

 

 

 

 

 








EX-99.1 2 npi-20170425xex99_1.htm EX-99.1 EX-99-1 20170425 PressReleaseEliminatorForSale

EXHIBIT 99.1





 

NEWS RELEASE

CONTACT: Randy Lieble

FOR IMMEDIATE RELEASE

(715) 839-2164





RUSOH™ Eliminator™ Fire Extinguisher Now Available for Commercial Sale

Public unveiling to occur on April 27 in Indianapolis at the FDIC Show



Eau Claire, Wisconsin (April 25, 2017) – Rusoh, Inc, a wholly owned subsidiary of National Presto Industries, Inc. (NYSE: NPK) announced today that its new fire extinguisher, the Rusoh™ Eliminator™, is now available for commercial sale. The extinguisher, shown below, is the first self-service, reloadable fire extinguisher and is expected to revolutionize the industry. The official public unveiling of the Rusoh™ Eliminator™ will occur at the Lucas Oil Stadium Booth # 9041 in Indianapolis, Indiana on April 27, 2017 at one of the premier events of the fire fighting industry, the Fire Department Instructors Conference (FDIC) International.



Picture 2When asked about the product’s origin, Maryjo Cohen, President of Rusoh, Inc. stated, “The Rusoh™ Eliminator™ has a remarkable history. The product was invented by Randy Rousseau and his father. Rousseau is the owner of a second-generation fire extinguisher service business. While working in the field, he noted with concern that there were far too many extinguishers that were unlikely to work when needed or were themselves hazardous. He concluded that the industry was actually putting lives in danger, property at risk, and in the process, dislocating families and businesses. Rousseau and his father together resolved to invent a reliable fire extinguisher. They began by putting together a list of extinguisher issues. It turned out to be a very long list, which included the risks inherent with stored pressure cylinders: the integrity of the metal canister itself; faulty gauges; compacting and contamination of the dry chemical; and most of all, concerns about third party service industry abuses. They also noted major design flaws that make the traditional extinguishers awkward and inefficient to use--in particular during an emergency when panic is likely to set in.



Well aware that their invention could end the family’s business, the father and son nevertheless persisted in their resolve to invent a brand new extinguisher that would address every one of the problems on the list. Ultimately, they came up with a revolutionary design concept that did eliminate the problems, including the need for and cost of third party servicing. They patented their invention, calling it by two names:  “the Eliminator™” in recognition of their success in eliminating all issues and the “DIY Fire Extinguisher™” to highlight the fact that their extinguisher could be fully serviced and reloaded by a lay person.”



Cohen went on to say, “A great patented design concept is one thing. Developing a certified, commercial product in a highly regulated field like fire extinguishers is quite another. Meeting the rigorous tests mandated by Underwriters Laboratories (UL), in particular the tests required for a 3-A: 40-B: C rating, and securing the California Building Material Listing (BML) were particular challenges. The Rousseaus turned to Rusoh, Inc. for assistance and licensed their intellectual property to our company. We consider ourselves privileged to have participated in the process that turned their vision into reality. Likewise, we are most grateful for the opportunity to manufacture and market this wonderful innovation.”



When asked to comment, Randy Rousseau, the inventor, stated, “My dad and I began our invention more than sixteen years ago. It has been a very long sixteen years, but in the end the struggle has been worth every minute. The Rusoh™ Eliminator™ is the first major innovation in fire extinguisher technology in over sixty years.  It eliminates every issue in the industry of which we are aware. Not only will users enjoy savings through the elimination of third party servicing costs, but more importantly, our invention will save lives as well as protect property. Our family couldn’t be more pleased or proud.”



More information on the product and the features that enable it to eliminate the innate problems of traditional extinguishers can be found at www.rusoh.com.



This release contains “forward looking statements” made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995 that are subject to certain risks and uncertainties, as well as assumptions, that could cause actual results to differ materially from historical results and those presently anticipated or projected. In addition to the factors discussed above, other important risk factors are delineated in the Company’s various SEC filings.


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