-----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, S5HRXvzev1FFO6wbunCV3vqj5nYkyyL3E0oxv/K+YILp9oWYDCkZWhouLDN2DerB 7TYFLCUefp34wCJQGaW/6g== 0000898431-06-000124.txt : 20061113 0000898431-06-000124.hdr.sgml : 20061113 20061113145230 ACCESSION NUMBER: 0000898431-06-000124 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20061113 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20061113 DATE AS OF CHANGE: 20061113 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: 061208212 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 form_8k.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): November 13, 2006 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.) 815 S. Main Street, Grapevine, Texas 76051 --------------------------------------- ------------- (Address of principal executive offices) (Zip code) Registrant's telephone number, including area code: (817) 239-1600 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 13, 2006, American Locker Group Incorporated issued a press release regarding the status of its review of its financial reporting systems and procedures and the strengthening of its internal financial and accounting staff. A copy of the press release is attached as Exhibit 99.1 hereto. Item 9.01. Financial Statements and Exhibits. (c) Exhibits The following exhibits are filed with this report: 99.1 Press release dated November 13, 2006 (filed herewith). 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, Chief Executive Officer, Chief Operating Officer and Treasurer Dated: November 13, 2006 EX-99 2 exhibit99_1.txt EXHIBIT 99.1 EXHIBIT 99.1 [GRAPHIC OMITTED][GRAPHIC OMITTED] PRESS RELEASE For further information contact: Edward F. Ruttenberg Phone: (817) 329-1600 Fax: (817) 481-3993 Release No: 2006-02 (BW) (TX-AMERICAN-LOCKER-GROUP) AMERICAN LOCKER GROUP INCORPORATED ANNOUNCES STATUS OF REVIEW OF FINANCIAL REPORTING SYSTEMS AND PROCEDURES AND STRENGTHENING OF INTERNAL FINANCIAL AND ACCOUNTING STAFF BUSINESS EDITOR GRAPEVINE, TX - (BUSINESS WIRE) November 13, 2006. American Locker Group Incorporated (OTC: ALGI.PK) (the "Company") announced today that - under the direction of the audit committee and management and with the assistance of the Company's auditors - the Company is nearing completion of its review of its financial reporting systems and procedures, including with respect to previously disclosed internal control deficiencies. The Company is working diligently to complete the Company's Annual Report on Form 10-K for 2005 and the Form 10-Q for each of the quarters ended March 31, 2006, June 30, 2006 and September 30, 2006, and expects to be in a position to file such reports during the first half of 2007 followed by the Form 10-K for 2006 as soon thereafter as practical. The primary focus of the review has been on inventory valuation, previously announced restructuring charges, pension plan accruals, and the Company's internal control deficiencies. In an effort to address these deficiencies and strengthen the Company's financial and accounting team, the Company recently has made strategic personnel additions including the hiring of a new Controller, and the engagement of the services of VCFO Inc. for expert assistance on audit preparation, inventory valuation and cost accounting issues. The matters discussed in this press release 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 certain known and unknown risks, some of which are beyond the Company's control, including, among others, risks related to (i) the Company's plans, strategies, objectives, expectations, and intentions, which are subject to change at any time at the discretion of the Company, (ii) the successful implementation of the Company's restructuring plan, including a significant reduction of annual selling, general and administrative expenses and the restructuring of its bank debt on terms acceptable to its lenders, (iii) new product development by the Company, (iv) the Company's liquidity and capital resources, (v) the Company's competition, and (vi) other risks and uncertainties indicated from time to time in the Company's filings with the Securities and Exchange Commission. The Company's actual results could differ materially from those expressed in any forward-looking statement made by or on the Company's behalf. In light of these risks and uncertainties, there can be no assurance that the forward-looking information will, in fact, prove to be accurate. The Company has undertaken no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. ##### -----END PRIVACY-ENHANCED MESSAGE-----