0001144204-15-034871.txt : 20150601 0001144204-15-034871.hdr.sgml : 20150601 20150601164929 ACCESSION NUMBER: 0001144204-15-034871 CONFORMED SUBMISSION TYPE: SD PUBLIC DOCUMENT COUNT: 2 13p-1 1.01 20141231 1.02 20141231 FILED AS OF DATE: 20150601 DATE AS OF CHANGE: 20150601 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PERCEPTRON INC/MI CENTRAL INDEX KEY: 0000887226 STANDARD INDUSTRIAL CLASSIFICATION: OPTICAL INSTRUMENTS & LENSES [3827] IRS NUMBER: 382381442 STATE OF INCORPORATION: MI FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SD SEC ACT: 1934 Act SEC FILE NUMBER: 000-20206 FILM NUMBER: 15904014 BUSINESS ADDRESS: STREET 1: 47827 HALYARD DRIVE CITY: PLYMOUTH STATE: MI ZIP: 48170-2461 BUSINESS PHONE: 3134144816 MAIL ADDRESS: STREET 1: 47827 HALYARD DRIVE CITY: PLYMOUTH STATE: MI ZIP: 48170-2461 SD 1 v412223_sd.htm SD

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM SD

 

Specialized Disclosure Report

 

 

PERCEPTRON, INC.


(Exact name of registrant as specified in its charter)

 

Michigan 0-20206 38-2381442
(State or other jurisdiction (Commission (IRS Employer
of incorporation or File Number) Identification No.)
organization)    
     
47827 Halyard Drive, Plymouth, MI 48170-2461
(Address of principal executive offices) (Zip Code)

 

Jeffrey M. Armstrong (734) 414-6100

(Name and telephone number, including area code, of the person to contact in connection with this report)

 

Check the appropriate box to indicate the rule pursuant to which this form is being filed, and provide the period to which the information in this form applies:

 

xRule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1, 2014 to December 31, 2014.

 

 
 

  

Section 1 – Conflict Minerals Disclosure

 

Item 1.01 Conflict Minerals Disclosure and Report

 

The Company has filed a Conflict Minerals Report, which appears as Exhibit 1.01 hereto and is publicly available at http://www.perceptron.com under the Investors tab.

 

Item 1.02 Exhibit

 

A copy of the Company’s Conflict Minerals Report is provided as Exhibit 1.01 hereto.

 

Section 2 – Exhibits

 

Item 2.01 Exhibits

 

Exhibit 1.01 - Conflict Minerals Report as required by Items 1.01 and 1.02 of this Form.

 

 

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 duly authorized undersigned.

 

  PERCEPTRON, INC.
  (Registrant)
   
Date:  June 1, 2015 /s/ Jeffrey M. Armstrong
  By: Jeffrey M. Armstrong
  Title: President, Chief Executive Officer

 

 
 

 

EXHIBIT INDEX

 

Exhibit

NumberDescription

 

1.01Conflict Minerals Report

 

 

EX-1.01 2 v412223_ex1-01.htm EXHIBIT 1.01

 

EXHIBIT 1.01

 

Perceptron, Inc.

Conflict Minerals Report

For the Year Ended December 31, 2014

 

This is the Conflict Minerals Report of Perceptron, Inc. (“Perceptron”, “we” or “our”), filed with the United States Securities and Exchange Commission (SEC) pursuant to Rule 13p-1 under the Securities Exchange Act of 1934 (the “Rule”) for the reporting period from January 1, 2014 to December 31, 2014. The Rule was adopted by the SEC to implement reporting and disclosure requirements related to conflict minerals as directed by the Dodd – Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd – Frank Act). The Rule imposes certain reporting obligations on SEC registrants whose manufactured products contain conflict minerals which are necessary to the functionality or production of their products. “Conflict minerals” are defined as cassiterite, columbite – tantalite, gold, wolframite, and their derivatives, which are limited to tin, tantalum, tungsten and gold (3TG) for the purposes of this assessment.

 

If a registrant can establish that the conflict minerals in its products originated from sources other than the Democratic Republic of Congo (DRC) or an adjoining country, or from recycled and scrap sources, the registrant must submit a specialized disclosure report under Form SD that describes the steps that the registrant took to determine the origin of the conflict minerals in its products.

 

If a registrant has reason to believe that any of the conflict minerals in its supply chain may have originated in the DRC or an adjoining country, or if the registrant is unable to determine the country of origin of those conflict minerals, then the registrant must exercise due diligence on the conflict minerals’ source and chain of custody, and the registrant must annually submit a Conflict Minerals Report to the SEC that includes a description of those due diligence measures.

 

The report presented herein has not been audited by an independent private sector auditor, as the Rule provides that if a registrant’s products are “DRC conflict undeterminable” in calendar year 2013 or 2014, then such audit is not required.

 

1.Company Overview

 

This report has been prepared by management of Perceptron. The information includes the activities of all subsidiaries that are required to be consolidated.

 

The Company was incorporated in Michigan in 1981 and is headquartered in Plymouth, Michigan. Since our initial public offering in August 1992, our common shares have been listed on the NASDAQ Stock Market (symbol: PRCP) and are presently listed on the NASDAQ Global Market.

 

During calendar year 2014, Perceptron developed, produced and sold non-contact measurement and inspection solutions for industrial applications. These Perceptron products provide solutions for manufacturing process control as well as sensor and software technologies for non-contact measurement, scanning and inspection applications.

 

For more information about our company please refer to our website at http://www.perceptron.com. The content of any website referred to in this report is included for general information only and is not incorporated by reference in this report.

 

2.Products Overview

 

During calendar year 2014, Perceptron’s products were classified in the following categories:

 

 
 

  

In Process and Offline Measurement Solutions. Sales of these products involve the development, manufacture and installation of In Process fixed and robot-mounted laser-based, non-contact dimensional gauging systems used in original equipment manufacturing plants and component supplier plants, In Process laser-based, non-contact systems that guide robots in a variety of automated assembly applications and Offline fixed and robot-mounted laser-based, non-contact dimensional gauging systems used in original equipment manufacturing plants and component supplier plants.

 

3D Scanning Products. Perceptron develops, manufactures, and markets laser-based sensors and software used as the critical sensing component on automotive assembly plant wheel-alignment machines, as the critical component for 3-dimensional scanning on coordinate measurement machines ("CMM") for the reverse engineering and inspection markets and as the critical component for 3-dimensional scanning on portable CMMs for the reverse engineering and inspection markets.

 

3.Supply Chain Overview

 

Our supply chain is complex. During calendar year 2014, as an assembly manufacturer in the non-contact measurement and inspection industry, we did not make purchases of raw or unrefined conflict minerals and we made no direct purchases in the DRC or adjoining countries. There are multiple tiers between our company and the mines. Accordingly, we rely on our direct suppliers to provide information on the origin of the conflict minerals contained in the components which are included in our products. The methods we used to try to determine the origin of conflict minerals in our products included:

 

soliciting survey responses from relevant suppliers of components of our products, using the standard Conflict Minerals Reporting Template designed by the Electronic Industry Citizenship Coalition (EICC) and the Global e-Sustainability Initiative (GeSI);
reviewing responses that we received from our suppliers; and
sending reminders to suppliers who did not respond to our requests for information.

 

4.Reasonable Country of Origin Inquiry (RCOI) and RCOI conclusion

 

We conducted an analysis of our products and found that the above SEC defined “conflicts minerals”, which are tin, tantalum, tungsten, and gold (3TG), can be found in our products and are necessary to the functionality or production of those products. Therefore, we are subject to the reporting obligations of Rule 13p-1.

 

We conducted a survey of our active suppliers using a template developed by the EICC and the GeSI known as the Conflict Minerals Reporting Template. The template was developed to facilitate disclosure and communication of information regarding smelters that provide material to a company’s supply chain. It includes questions regarding a company’s conflict-free policy, engagement with its direct suppliers, and a listing of smelters the company and its suppliers use. In addition, the template contains questions about the origin of conflict minerals included in their products, as well as supplier due diligence. This template has been widely adopted by many companies in their due diligence processes related to conflict minerals.

 

At the outset of our 2014 RCOI, we elected to survey our known component and outsourced manufacturing supply chain. During the process of our review, we identified 26 suppliers who fell within the scope of our RCOI based on the type of component or part being supplied and the likelihood that the component or part contained a conflict mineral. We sent the Conflict Minerals Reporting Template to those 26 direct suppliers and received 20 responses. Nearly all of these responses indicated that the suppliers were unsure of the origin of the conflict minerals that they supplied to us.

 

Due to the breadth and complexity of our products and supply chain, it will take time for many of our suppliers to verify the origin of all of the conflict minerals, and they may not succeed in determining the origin of all or any such conflict minerals.

 

Despite having conducted a good faith RCOI and an ongoing due diligence process, we do not currently have sufficient information from our suppliers or other sources to determine the country of origin of the conflict minerals used in our products or identify the facilities used to process those conflict minerals. Therefore, we cannot exclude the possibility that some of these conflict minerals may have originated in the DRC or an adjoining country and are not from recycled or scrap sources.

 

 
 

  

Using our supply chain due diligence processes, we hope to further develop transparency into our supply chain.

  

5.Conflict Minerals Status Analysis and Conflict Status Conclusion

 

We have concluded that our supply chain remains “DRC conflict undeterminable”. We reached this conclusion because we have been unable to determine the origin of all of the 3TG used in our sensors and products.

 

6.Due Diligence Program

 

6.1Due Diligence Process

 

6.1.1Design of Our Due Diligence and Description of the Due Diligence Process

 

Our due diligence processes and efforts have been developed in conjunction with the second edition of the Organisation for Economic Co-operation and Development (OECD) Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict – Affected and High – Risk Areas and the related supplements for gold and for tin, tantalum and tungsten. We designed our due diligence process to conform in all material respects with these OECD guidelines.

 

Our conflict minerals due diligence process includes: establishment of a cross functional team and communication with suppliers. We took measures to ensure that the findings of our supply chain risk assessment are reported to designated members of our senior management, including our CEO, CFO, CTO and VP of Operations.

 

6.1.2Record Maintenance

 

We have established our due diligence compliance process and a documentation and record maintenance procedure to ensure the retention of relevant documentation in a structured electronic database.

 

6.2Steps to be Taken to Mitigate Risk and Maturing Due Diligence Program

 

As we move forward developing our due diligence program, we intend to enhance our supplier communication and improve our due diligence data accuracy in order to mitigate the risk that the necessary conflict minerals contained in our products could benefit armed groups in the DRC or adjoining countries.

 

7.Identify and Assess Risk in the Supply Chain

 

Because of our size, the breadth and complexity of our products, and the constant evolution of our supply chain, it is difficult to identify actors downstream from our direct suppliers.

 

We have contacted the direct suppliers for our products. Of 26 suppliers that are within the scope of the RCOI, we received 20 responses to our request for information. Nearly all of these responses indicated that the suppliers were unsure of the origin of the conflict minerals that they supplied to us. We have relied on these supplier’s responses to provide us with information about the source of conflict minerals contained in the components supplied to us. Our direct suppliers are similarly reliant upon information provided by their suppliers.

 

8.Audit of Supply Chain Due Diligence

 

We do not have a direct relationship with 3TG smelters and refiners, nor do we perform direct audits of the other entities in our supply chain. However, we do rely upon industry efforts to influence smelters and refineries to participate in the EICC/GeSI Conflict – Free Smelter Program.

 

9.Continuous Improvement Efforts to Mitigate Risk

 

We intend to undertake the following next steps to improve our due diligence process and to gather additional information which will assist us in determining whether the conflict minerals we utilize benefit armed groups contributing to human rights violations:

 

continue to conduct and report annually on supply chain due diligence for the applicable conflict minerals;

 

examine the possibility of establishing new terms and conditions in supplier contracts that stipulate responses to conflict mineral related inquiries; and

 

attempt to validate supplier responses using information collected via conflict free smelter validation programs such as the EICC/GeSI Conflict Free Smelter Program.