-----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, SgOrwLHXSTeWYsjD8G+CUUpBpAV6d4hVBq5bGDCICH6RLyT4EDw0gd21WLHAL3d1 sQjDz2NDf4UeXFxKHecmyQ== 0001104659-09-023736.txt : 20090413 0001104659-09-023736.hdr.sgml : 20090413 20090413104420 ACCESSION NUMBER: 0001104659-09-023736 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20090408 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20090413 DATE AS OF CHANGE: 20090413 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALPHA PRO TECH LTD CENTRAL INDEX KEY: 0000884269 STANDARD INDUSTRIAL CLASSIFICATION: ORTHOPEDIC, PROSTHETIC & SURGICAL APPLIANCES & SUPPLIES [3842] IRS NUMBER: 631030494 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-15725 FILM NUMBER: 09745993 BUSINESS ADDRESS: STREET 1: 60 CENTURIAN DR STREET 2: SUITE 112 CITY: MARKHAM ONTARIO CANA STATE: A6 BUSINESS PHONE: 9054790654 MAIL ADDRESS: STREET 1: 60 CENTURION DR STREET 2: STE 112 CITY: MARKHAM ON STATE: A6 FORMER COMPANY: FORMER CONFORMED NAME: BFD INDUSTRIES INC DATE OF NAME CHANGE: 19930328 8-K 1 a09-9702_18k.htm 8-K

 

 

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 8, 2009

 

ALPHA PRO TECH, LTD.

(Exact name of registrant as specified in its charter)

 

Delaware

 

01-15725

 

63-1009183

(State or other jurisdiction of

 

(Commission File Number)

 

(I.R.S. Employer Identification No.)

incorporation or organization)

 

 

 

 

 

 

 

 

 

60 Centurian Drive, Suite 112,

 

 

Markham, Ontario

 

L3R 9R2

Address of principal offices

 

Zip Code

 

Registrant’s telephone number including area code: 905-479-0654

 

 

 



 

Item 8.01 Other Events.

 

On April 8, 2009 registrant issued a release announcing a $2 million stock buy back program. The text of that release is filed herewith as an exhibit to this report on form 8-K.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits:

 

Exhibit 1. Release dated April 8, 2009 announcing a $2 million stock buyback program.

 

2



 

Signatures

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused the report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

 

Alpha Pro Tech, Ltd.

 

 

(Registrant)

 

 

 

 

 

 

Date

April 13, 2009

 

/s/ Lloyd Hoffman

 

 

Lloyd Hoffman

 

 

Chief Financial Officer

 

3


EX-1 2 a09-9702_1ex1.htm EX-1

Exhibit 1

 

Alpha Pro Tech

LTD       

 

ALPHA PRO TECH, LTD. ANNOUNCES $2 MILLION STOCK BUY BACK PROGRAM

 

FOR IMMEDIATE RELEASE

 

Company Contact:

 

Investor Relations Contact:

Alpha Pro Tech, Ltd.

 

Hayden IR

Al Millar/Donna Millar

 

Cameron Donahue

905-479-0654

 

651-653-1854

email: ir@alphaprotech.com

 

email: cameron@haydenir.com

 

Nogales, Arizona — April 8, 2009, Alpha Pro Tech, Ltd. (NYSE Amex: APT) a leading manufacturer of products designed to protect people, products and environments, including disposable protective apparel and building products, today announced that its Board of Directors has authorized an additional share repurchase program of the company’s Common Stock for up to $2 million beyond the current share repurchase program already in place. Management anticipates repurchasing shares in open market purchases or through privately negotiated transactions.

 

To date, during 2009, the Company has repurchased 520,000 shares at an average price of $0.92 for a total of $501,000.  Alpha Pro Tech will retire the 520,000 shares repurchased to date in 2009, bringing the total repurchased and retired to a total of 5,158,900 shares since 1999 through eight repurchase authorizations by the Board of Directors.  During 2008, the Company repurchased and retired 1,732,800 shares of its common stock at a cost of $2,125,000. The Company had approximately 23.8 million shares outstanding at December 31, 2008.

 

Al Millar, President of Alpha Pro Tech commented, “The newly authorized share repurchase program reflects our confidence in the future of our business and we remain focused on enhancing shareholder value. Our profitability and positive cash flow from operations has allowed us to use our cash for the repurchase program and to reduce our total shares outstanding while still maintaining a very healthy balance sheet.”

 

Repurchases may take place on the open market from time to time based on market conditions, subject to certain conditions and timing restrictions to comply with applicable rules and regulations and may be suspended for periods or discontinued as deemed necessary by the Company. The Company has not established specific goals as to the number of shares to be acquired or the purchase price. Decisions about these matters will be based on market conditions, general business conditions and other relevant factors. If conditions are not favorable, then no purchases will be made.

 

About Alpha Pro Tech, Ltd.

Alpha Pro Tech, Inc. develops, manufactures and markets innovative disposable and limited-use protective apparel products for the industrial, clean room, medical and dental markets. In addition, Alpha ProTech Engineered Products, Inc. manufactures and markets a line of construction weatherization products, including building wrap and roof underlayment. The Company has manufacturing facilities in Salt Lake City, Utah; Nogales, Arizona; Janesville, Wisconsin; Valdosta, Georgia; and a joint venture in India. For more information and copies of all news releases and financials, visit Alpha Pro Tech’s Website at http://www.alphaprotech.com.

 



 

The Private Securities Litigation Reform Act of 1995 (“Act”) provides a safe harbor for forward-looking information made on behalf of the Company. Forward-looking statements involve risks, uncertainties and assumptions as described from time to time in registration statements, annual reports and other periodic reports and filings of the Company filed with the Securities and Exchange Commission. All statements, other than statements of historical facts which address the Company’s expectations of sources of capital or which express the Company’s expectations for the future with respect to financial performance or operating strategies, can be identified as forward-looking statements. As a result, there can be no assurance that the Company’s future results will not be materially different from those described herein as “believed,” “anticipated,” “estimated” or “expected,” which reflect the current views of the Company with respect to future events. We caution readers that these forward-looking statements speak only as the date hereof. The Company hereby expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which such statement is based.

 

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