-----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, T3vJHBGR+BcEsnHMCYk7KOZ1lQJMVexCXnzY9VBmk3PFA5DnENMr3PSfKv+4g4Rw oz1sRGCnWYFJgTMmQx6ihw== 0000898431-05-000046.txt : 20050318 0000898431-05-000046.hdr.sgml : 20050318 20050318083236 ACCESSION NUMBER: 0000898431-05-000046 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050314 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050318 DATE AS OF CHANGE: 20050318 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN LOCKER GROUP INC CENTRAL INDEX KEY: 0000008855 STANDARD INDUSTRIAL CLASSIFICATION: PARTITIONS, SHELVING, LOCKERS & OFFICE AND STORE FIXTURES [2540] IRS NUMBER: 160338330 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-00439 FILM NUMBER: 05690367 BUSINESS ADDRESS: STREET 1: 608 ALLEN STREET CITY: JAMESTOWN STATE: NY ZIP: 14701 BUSINESS PHONE: 7166649600 MAIL ADDRESS: STREET 1: 608 ALLEN STREET CITY: JAMESTOWN STATE: NY ZIP: 14701 FORMER COMPANY: FORMER CONFORMED NAME: AVM CORP DATE OF NAME CHANGE: 19850520 8-K 1 form8k_amer-locker031705.txt FORM 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): March 14, 2005 American Locker Group Incorporated ------------------------------------------------------ (Exact name of registrant as specified in its charter) Delaware 0-439 16-0338330 ---------------------------- -------------- ------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 608 Allen Street, Jamestown, New York 14701 ----------------------------------------- ------------- (Address of principal executive offices) (Zip code) Registrant's telephone number, including area code: (716) 664-9600 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 March 17, 2005, the Company announced that it had retained Compass Advisory Partners, LLC to provide strategic consulting services to the Company with respect to potential restructuring and cost reductions necessitated by the non-renewal of the USPS CBU contract. A copy of the press release referred to above is attached as Exhibit 99.1 and is being furnished, not filed, under Item 8.01 of this Current Report on Form 8-K. Item 9.01 Financial Statements and Exhibits. (c) Exhibits Exhibit 99.1 Press release dated March 17, 2005 - 1 - 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. AMERICAN LOCKER GROUP INCORPORATED By: /s/ Edward F. Ruttenberg ------------------------------- Edward F. Ruttenberg Chairman and Chief Executive Officer Dated: March 17, 2005 - 2 - EXHIBIT INDEX Exhibit 99.1 Press release dated March 17, 2005 - 3 - EX-99 2 exh99-1amerlock_form8k.txt EXHIBIT 99.1 Exhibit 99.1 [ LOGO OMITTED ] PRESS RELEASE For further information contact: Edward F. Ruttenberg Phone: (412) 422-2377 Fax: (412) 422-2378 Release No: 2005-03 (BW) (NY-AMERICAN-LOCKER-GROUP) (NASDAQ:ALGI) AMERICAN LOCKER GROUP INCORPORATED RETAINS STRATEGIC CONSULTING FIRM BUSINESS EDITOR JAMESTOWN, NY-(BUSINESS WIRE) March 17, 2005 American Locker Group Incorporated announced that it has retained Compass Advisory Partners, LLC to provide strategic consulting services to the Company with respect to potential restructuring and cost reductions necessitated by the non-renewal of the United States Postal Service (USPS) Cluster Box Unit (CBU) contract. In 2004, purchases of CBUs by the USPS from the Company totaled approximately $25,734,000 or approximately 52% of the Company's total sales in 2004. The Board of Directors of the Company formed a Restructuring Committee to develop recommendations as to possible restructuring alternatives with the assistance of Compass Advisory Partners and to submit recommendations to the full Board. The Company previously announced that the USPS has verbally confirmed that it has executed a seven year contract with the successful bidder for exclusive supply of CBUs to the USPS and that the contract also contains four two-year option terms. The solicitation issued by the USPS with respect to the contract provides that the contract may be terminated by either party on 180 days notice and provides for annual price renegotiation at the request of either party. The USPS has extended the Company's current contracts for the supply of aluminum and polycarbonate CBUs to the USPS through May 31, 2005. The contract extension does not obligate the USPS to purchase a fixed or minimum quantity of units. Safe Harbor Statement under the Private Securities Litigation Reform Act Of 1995 Except for historical information contained in this press release, the matters discussed herein which contain forward-looking statements, including without limitation, statements relating to the Company's plans, strategies, objectives, expectations, intentions and adequacy of resources, are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties including without limitation the following: (i) the Company's plans, strategies, objectives, expectations, and intentions are subject to change at any time at the discretion of the Company, (ii) the Company's plans and results of operations will be 1 affected by the Company's ability to manage its growth and inventory, (iii) the risk that the Company's contracts with the USPS will not be renewed or quantities purchased thereunder may be decreased, and (iv) other risks and uncertainties indicated from time to time in the Company's filings with the Securities and Exchange Commission. ##### 2 -----END PRIVACY-ENHANCED MESSAGE-----