-----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, BPto5WeREiRFznOu3HpuaqT8jlbF6PHR+JoxzNZCkvzYLMQzfqpT07KpdDGUOFrD vLl0nVDqylJDSbJPsHbSwQ== 0001171520-10-000501.txt : 20100824 0001171520-10-000501.hdr.sgml : 20100824 20100824162100 ACCESSION NUMBER: 0001171520-10-000501 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100819 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100824 DATE AS OF CHANGE: 20100824 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SONO TEK CORP CENTRAL INDEX KEY: 0000806172 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690] IRS NUMBER: 141568099 STATE OF INCORPORATION: NY FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-16035 FILM NUMBER: 101035389 BUSINESS ADDRESS: STREET 1: 2012 RT 9W BLDG 3 CITY: MILTON STATE: NY ZIP: 12547 BUSINESS PHONE: 8457952020 MAIL ADDRESS: STREET 1: 2012 RT. 9W, BLDG. 3, CITY: MILTON STATE: NY ZIP: 12547 8-K 1 eps3920.htm SONO-TEK CORPORATION eps3920.htm
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): August 19, 2010

Sono-Tek Corporation
(Exact name of registrant as specified in its charter)

Commission File Number:  0-16035

New York
 
14-1568099
(State of Incorporation)
 
(I.R.S. Employer ID No.)
     
     
2012 Route 9W, Milton, New York
 
12547
(Address of Principal Executive Offices)
 
(Zip Code)

Registrant’s telephone number, including area code   (845) 795-2020

Check appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:

[  ]
Written communications pursuant to Rule 425 under 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 7.01:  Regulation FD Disclosure.

On August 19, 2010, the Company issued a press release regarding comments made by Christopher L. Coccio at the Company's Annual Meeting of Shareholders held on August 19, 2010 in the form of the attached exhibit 99.1.

Item 9.01   Financial Statements and Exhibits.

(d)     Exhibits

99.1    Press Release dated August 19, 2010.

 
 
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.



SONO-TEK CORPORATION

By:    /s/ Stephen J. Bagley
Stephen J. Bagley
Chief Financial Officer

August 24, 2010
 
 
EX-99.1 2 ex99-1.htm EARNINGS RELEASE ex99-1.htm
Exhibit 99.1

Sono-Tek Holds Annual Shareholders Meeting


Milton, NY, August 19, 2010 - Sono-Tek Corporation (OTC BB: SOTK) held its Annual Shareholders Meeting on August 19, 2010 in Milton, New York. The results of Fiscal Year 2010, which ended on February 28, 2010, were reported. During the meeting, Dr. Christopher L. Coccio, Chairman and CEO, highlighted the business performance by noting that Sono-Tek grew sales by 13% for the year ended February 28, 2010 on top of a 12% increase reported in the prior fiscal year, in spite of a very depressed economy. This growth came about as a result of the investments that were made in the previous year to create new products and markets for the Company’s ultrasonic spraying technology.

The Company returned to profitability this year and reported earnings of $.01 per share versus a loss of $.11 per share in the prior year. The gross profit margin increased from 44% in FY2009 to 51% in FY2010, a strong performance. Debt remained low and the debt to equity ratio remained very low compared to industry norms. Our cash levels increased over last year and are at a healthy level for the size of the Company.

Shareholders were shown demonstrations of several new nozzle technologies, including one of a ceramic design, for which we were recently granted a patent. Our SBU team leaders presented information on the newer markets we are involved in such as advanced energy including fuel cells and solar energy, medical devices including arterial stent coatings and coatings for other medical implants, and our recent successes in the glass and food industries.

Since the meeting takes place just prior to the end of the second quarter of our current fiscal year, Dr. Coccio provided those present with a preliminary view of where we are heading this year, indicating “we expect to see a more than 20% increase in sales over last year and we could end up the year with more than $9,000,000 in sales, coupled with a significant increase in profit of approximately $500,000. A number of large orders are in hand to complete the second quarter and to provide a strong start to the third quarter of the current fiscal year as well.”

For further information, contact Dr. Christopher L. Coccio, at 845-795-2020, or visit our website at www.sono-tek.com.  The Company’s slide show presentation used at the annual meeting is available on the Company’s website under Corporate/Investors/Annual Meeting.

Sono-Tek Corporation is a leading developer and manufacturer of liquid spray products based on its proprietary ultrasonic nozzle technology.  Founded in 1975, the Company’s products have long been recognized for their performance, quality, and reliability.

 

 
This release contains forward looking statements regarding future events and the future performance of Sono-Tek Corporation that involve risks and uncertainties that could cause actual results to differ materially. These factors include, among other considerations, general economic and business conditions; political, regulatory, competitive and technological developments affecting the Company’s operations or the demand for its products; timely development and market acceptance of new products; adequacy of financing; capacity additions and the ability to enforce patents and the successful implementation of the business development program. We refer you to documents that the company files with the Securities and Exchange Commission, which includes Form 10-K and Form 10-Q containing additional importa nt information.
 

 
 

 


Sono-Tek Corporation
Selected Financial Data
 
       
 
Fiscal Year Ended
 
February 28, 2010
 
February 28, 2009
       
Net Sales
$7,242,324
 
$6,408,796
       
Net Income (Loss)
$81,676
 
($1,513,028)
       
Basic Earnings (Loss) Per Share -
$0.01
 
($.11)
       
Diluted Earnings (Loss) Per Share -
$0.01
 
($.11)
       
Weighted Average Shares - Basic
14,414,969
 
14,381,857
       
Weighted Average Shares - Diluted
14,524,417
 
14,381,857


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