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Table of Contents

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

 

FORM 10-Q

 

 

(Mark One)

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2013

OR

 

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from                          to                         

Commission file number 000-01227

 

 

Chicago Rivet & Machine Co.

(Exact Name of Registrant as Specified in Its Charter)

 

 

 

Illinois   36-0904920

(State or Other Jurisdiction of

Incorporation or Organization)

 

(I.R.S. Employer

Identification No.)

901 Frontenac Road, Naperville, Illinois   60563
(Address of Principal Executive Offices)   (Zip Code)

(630) 357-8500

Registrant’s Telephone Number, Including Area Code

 

 

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No  ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate website, if any, every interactive data file required to be submitted and posted pursuant to Rule 405 of Regulation S-T (section 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  x    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer”, “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

 

Large accelerated filer   ¨    Accelerated filer   ¨
Non-accelerated filer   ¨  (Do not check if smaller reporting company)    Smaller reporting company   x

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ¨    No  x

As of November 1, 2013, there were 966,132 shares of the registrant’s common stock outstanding.

 

 

 


Table of Contents

CHICAGO RIVET & MACHINE CO.

INDEX

 

         Page  
PART I.  

FINANCIAL INFORMATION (Unaudited)

  
 

Condensed Consolidated Balance Sheets at September 30, 2013 and December 31, 2012

     2-3   
 

Condensed Consolidated Statements of Operations for the Three and Nine Months Ended September  30, 2013 and 2012

     4   
 

Condensed Consolidated Statements of Retained Earnings for the Nine Months Ended September 30, 2013 and 2012

     5   
 

Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2013 and 2012

     6   
 

Notes to the Condensed Consolidated Financial Statements

     7-9   
 

Management’s Discussion and Analysis of Financial Condition and Results of Operations

     10-11   
 

Controls and Procedures

     12   
PART II.  

OTHER INFORMATION

     13-19   

 

1


Table of Contents

PART I — FINANCIAL INFORMATION

Item 1. Financial Statements.

CHICAGO RIVET & MACHINE CO.

Condensed Consolidated Balance Sheets

September 30, 2013 and December 31, 2012

 

     September 30,
2013
     December 31,
2012
 
     (Unaudited)         

Assets

     

Current Assets:

     

Cash and cash equivalents

   $ 914,445       $ 392,810   

Certificates of deposit

     5,958,348         7,088,000   

Accounts receivable, net of allowance of $153,000 and $150,000, respectively

     6,248,403         4,577,932   

Inventories, net

     4,894,521         4,936,372   

Deferred income taxes

     435,191         416,191   

Other current assets

     350,247         422,332   
  

 

 

    

 

 

 

Total current assets

     18,801,155         17,833,637   
  

 

 

    

 

 

 

Property, Plant and Equipment:

     

Land and improvements

     1,238,150         1,238,150   

Buildings and improvements

     6,382,545         6,244,064   

Production equipment and other

     31,601,123         29,495,765   
  

 

 

    

 

 

 
     39,221,818         36,977,979   

Less accumulated depreciation

     29,233,800         28,900,113   
  

 

 

    

 

 

 

Net property, plant and equipment

     9,988,018         8,077,866   
  

 

 

    

 

 

 

Total assets

   $ 28,789,173       $ 25,911,503   
  

 

 

    

 

 

 

See Notes to the Condensed Consolidated Financial Statements

 

2


Table of Contents

CHICAGO RIVET & MACHINE CO.

Condensed Consolidated Balance Sheets

September 30, 2013 and December 31, 2012

 

     September 30,
2013
    December 31,
2012
 
Liabilities and Shareholders’ Equity    (Unaudited)        

Current Liabilities:

    

Accounts payable

   $ 1,426,371      $ 1,003,647   

Accrued wages and salaries

     965,056        409,695   

Other accrued expenses

     697,772        460,245   

Unearned revenue and customer deposits

     210,773        84,905   
  

 

 

   

 

 

 

Total current liabilities

     3,299,972        1,958,492   

Deferred income taxes

     1,011,275        952,275   
  

 

 

   

 

 

 

Total liabilities

     4,311,247        2,910,767   
  

 

 

   

 

 

 

Commitments and contingencies (Note 3)

    

Shareholders’ Equity:

    

Preferred stock, no par value, 500,000 shares authorized: none outstanding

     —          —     

Common stock, $1.00 par value, 4,000,000 shares authorized: 1,138,096 shares issued; 966,132 shares outstanding

     1,138,096        1,138,096   

Additional paid-in capital

     447,134        447,134   

Retained earnings

     26,814,794        25,337,604   

Treasury stock, 171,964 shares at cost

     (3,922,098     (3,922,098
  

 

 

   

 

 

 

Total shareholders’ equity

     24,477,926        23,000,736   
  

 

 

   

 

 

 

Total liabilities and shareholders’ equity

   $ 28,789,173      $ 25,911,503   
  

 

 

   

 

 

 

See Notes to the Condensed Consolidated Financial Statements

 

3


Table of Contents

CHICAGO RIVET & MACHINE CO.

Condensed Consolidated Statements of Income

For the Three and Nine Months Ended September 30, 2013 and 2012

(Unaudited)

 

     Three Months Ended
September 30,
     Nine Months Ended
September 30,
 
     2013      2012      2013      2012  

Net sales

   $ 9,461,778       $ 8,537,639       $ 27,915,157       $ 26,167,158   

Cost of goods sold

     6,931,307         6,612,846         21,161,859         20,268,027   
  

 

 

    

 

 

    

 

 

    

 

 

 

Gross profit

     2,530,471         1,924,793         6,753,298         5,899,131   

Selling and administrative expenses

     1,391,902         1,263,236         4,072,643         3,934,872   
  

 

 

    

 

 

    

 

 

    

 

 

 

Operating profit

     1,138,569         661,557         2,680,655         1,964,259   

Other income and expenses:

           

Interest income

     7,801         8,185         23,286         24,870   

Gain from disposal of equipment

     74,235         —           116,721         57,500   

Other income

     3,600         3,600         11,288         11,879   
  

 

 

    

 

 

    

 

 

    

 

 

 

Income before income taxes

     1,224,205         673,342         2,831,950         2,058,508   

Provision for income taxes

     404,000         210,000         920,000         661,000   
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income

   $ 820,205       $ 463,342       $ 1,911,950       $ 1,397,508   
  

 

 

    

 

 

    

 

 

    

 

 

 

Average common shares outstanding

     966,132         966,132         966,132         966,132   
  

 

 

    

 

 

    

 

 

    

 

 

 

Per share data:

           

Net income per share

   $ 0.85       $ 0.48       $ 1.98       $ 1.45   
  

 

 

    

 

 

    

 

 

    

 

 

 

Cash dividends declared per share

   $ 0.15       $ 0.15       $ 0.45       $ 0.45   
  

 

 

    

 

 

    

 

 

    

 

 

 

See Notes to the Condensed Consolidated Financial Statements

 

4


Table of Contents

CHICAGO RIVET & MACHINE CO.

Condensed Consolidated Statements of Retained Earnings

For the Nine Months Ended September 30, 2013 and 2012

(Unaudited)

 

     2013     2012  

Retained earnings at beginning of period

   $ 25,337,604      $ 24,461,381   

Net income for the period

     1,911,950        1,397,508   

Cash dividends declared in the period;

    

$.45 per share in 2013 and 2012

     (434,760     (434,760
  

 

 

   

 

 

 

Retained earnings at end of period

   $ 26,814,794      $ 25,424,129   
  

 

 

   

 

 

 

See Notes to the Condensed Consolidated Financial Statements

 

5


Table of Contents

CHICAGO RIVET & MACHINE CO.

Condensed Consolidated Statements of Cash Flows

For the Nine Months Ended September 30, 2013 and 2012

(Unaudited)

 

     2013     2012  

Cash flows from operating activities:

    

Net income

   $ 1,911,950      $ 1,397,508   

Adjustments to reconcile net income to net cash provided by operating activities:

    

Depreciation

     801,689        743,650   

Gain on disposal of equipment

     (116,721     (57,500

Deferred income taxes

     40,000        (21,000

Changes in operating assets and liabilities:

    

Accounts receivable, net

     (1,670,471     (1,054,767

Inventories, net

     41,851        (2,721

Other current assets

     72,085        (18,162

Accounts payable

     413,512        261,013   

Accrued wages and salaries

     555,361        472,762   

Other accrued expenses

     237,527        40,982   

Unearned revenue and customer deposits

     125,868        (26,030
  

 

 

   

 

 

 

Net cash provided by operating activities

     2,412,651        1,735,735   
  

 

 

   

 

 

 

Cash flows from investing activities:

    

Capital expenditures

     (2,751,108     (580,032

Proceeds from the sale of equipment

     165,200        57,500   

Proceeds from certificates of deposit

     5,363,000        4,200,000   

Purchases of certificates of deposit

     (4,233,348     (4,376,282
  

 

 

   

 

 

 

Net cash used in investing activities

     (1,456,256     (698,814
  

 

 

   

 

 

 

Cash flows from financing activities:

    

Cash dividends paid

     (434,760     (434,760
  

 

 

   

 

 

 

Net cash used in financing activities

     (434,760     (434,760
  

 

 

   

 

 

 

Net increase in cash and cash equivalents

     521,635        602,161   

Cash and cash equivalents at beginning of period

     392,810        704,345   
  

 

 

   

 

 

 

Cash and cash equivalents at end of period

   $ 914,445      $ 1,306,506   
  

 

 

   

 

 

 

Supplemental schedule of non-cash investing activities:

    

Capital expenditures in accounts payable

   $ 9,212      $ —     
    

See Notes to the Condensed Consolidated Financial Statements

 

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Table of Contents

CHICAGO RIVET & MACHINE CO.

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

1. In the opinion of the Company, the accompanying unaudited interim financial statements contain all adjustments necessary to present fairly the financial position of the Company as of September 30, 2013 (unaudited) and December 31, 2012 (audited) and the results of operations and changes in cash flows for the indicated periods. Certain information and note disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted from these unaudited financial statements in accordance with applicable rules. Please refer to the financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012.

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The results of operations for the three and nine-month period ending September 30, 2013 are not necessarily indicative of the results to be expected for the year.

2. The Company extends credit on the basis of terms that are customary within our markets to various companies doing business primarily in the automotive industry. The Company has a concentration of credit risk primarily within the automotive industry and in the Midwestern United States.

3. The Company is, from time to time, involved in litigation, including environmental claims and contract disputes, in the normal course of business. While it is not possible at this time to establish the ultimate amount of liability with respect to contingent liabilities, including those related to legal proceedings, management is of the opinion that the aggregate amount of any such liabilities, for which provision has not been made, will not have a material adverse effect on the Company’s financial position.

4. The Company’s effective tax rates were 33.0% and 31.2% for the third quarter of 2013 and 2012, respectively, and 32.5% and 32.1% for the nine months ended September 30, 2013 and 2012, respectively. Rates were lower than the U.S. federal statutory rate primarily due to the Domestic Production Activities Deduction allowed under Internal Revenue Code Section 199.

The Company’s federal income tax returns for the 2010, 2011 and 2012 tax years are subject to examination by the Internal Revenue Service (“IRS”). While it may be possible that a reduction could occur with respect to the Company’s unrecognized tax benefits as an outcome of an IRS examination, management does not anticipate any adjustments that would result in a material change to the results of operations or financial condition of the Company. No statutes have been extended on any of the Company’s federal income tax filings. The statute of limitations on the Company’s 2010, 2011 and 2012 federal income tax returns will expire on September 15, 2014, 2015 and 2016, respectively.

The Company’s state income tax returns for the 2010 through 2012 tax years remain subject to examination by various state authorities with the latest closing period on October 31, 2016. The Company is currently not under examination by any state authority for income tax purposes and no statutes for state income tax filings have been extended.

5. Inventories are stated at the lower of cost or net realizable value, cost being determined by the first-in, first-out method. A summary of inventories is as follows:

 

     September 30,
2013
     December 31,
2012
 

Raw material

   $ 1,835,909       $ 2,009,691   

Work-in-process

     2,135,314         1,869,830   

Finished goods

     1,555,298         1,606,851   
  

 

 

    

 

 

 

Inventory, gross

     5,526,521         5,486,372   

Valuation reserves

     632,000         550,000   
  

 

 

    

 

 

 

Inventory, net

   $ 4,894,521       $ 4,936,372   
  

 

 

    

 

 

 

 

7


Table of Contents

CHICAGO RIVET & MACHINE CO.

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

 

6. Segment Information—The Company operates in two business segments as determined by its products. The fastener segment includes cold-formed parts, rivets and screw machine products. The assembly equipment segment includes automatic rivet setting machines and parts and tools for such machines. Information by segment is as follows:

 

     Fastener      Assembly
Equipment
     Other     Consolidated  

Three Months Ended September 30, 2013:

          

Net sales

   $ 8,631,105       $ 830,673       $ —        $ 9,461,778   

Depreciation

     237,621         14,050         19,199        270,870   

Segment profit

     1,453,799         228,013         —          1,681,812   

Selling and administrative expenses

     —           —           (539,643     (539,643

Gain from the disposal of equipment

     —           —           74,235        74,235   

Interest income

     —           —           7,801        7,801   
          

 

 

 

Income before income taxes

           $ 1,224,205   
          

 

 

 

Capital expenditures

     518,150         —           267,221        785,371   

Segment assets:

          

Accounts receivable, net

     5,873,916         374,487         —          6,248,403   

Inventories, net

     3,994,869         899,652         —          4,894,521   

Property, plant and equipment, net

     8,309,105         1,124,031         554,882        9,988,018   

Other assets

     —           —           7,658,231        7,658,231   
          

 

 

 
           $ 28,789,173   
          

 

 

 

Three Months Ended September 30, 2012:

          

Net sales

   $ 7,841,672       $ 695,967       $ —        $ 8,537,639   

Depreciation

     216,732         14,725         19,907        251,364   

Segment profit

     1,024,865         144,816         —          1,169,681   

Selling and administrative expenses

     —           —           (504,524     (504,524

Interest income

                     8,185        8,185   
          

 

 

 

Income before income taxes

           $ 673,342   
          

 

 

 

Capital expenditures

     66,626         —           —          66,626   

Segment assets:

          

Accounts receivable, net

     5,061,072         392,121         —          5,453,193   

Inventories, net

     4,392,211         822,550         —          5,214,761   

Property, plant and equipment, net

     5,981,212         1,122,542         628,153        7,731,907   

Other assets

     —           —           8,150,878        8,150,878   
          

 

 

 
           $ 26,550,739   
          

 

 

 

 

8


Table of Contents

CHICAGO RIVET & MACHINE CO.

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

 

     Fastener      Assembly
Equipment
     Other     Consolidated  

Nine Months Ended September 30, 2013:

          

Net sales

   $ 25,397,537       $ 2,517,620       $ —        $ 27,915,157   

Depreciation

     702,089         42,150         57,450        801,689   

Segment profit

     3,615,776         677,939         —          4,293,715   

Selling and administrative expenses

     —           —           (1,601,772     (1,601,772

Gain from the disposal of equipment

     —           —           116,721        116,721   

Interest income

     —           —           23,286        23,286   
          

 

 

 

Income before income taxes

           $ 2,831,950   
          

 

 

 

Capital expenditures

     2,429,172         59,863         271,285        2,760,320   

Nine Months Ended September 30, 2012:

          

Net sales

   $ 23,781,773       $ 2,385,385       $ —        $ 26,167,158   

Depreciation

     644,853         42,975         55,822        743,650   

Segment profit

     2,957,672         577,581         —          3,535,253   

Selling and administrative expenses

     —           —           (1,559,115     (1,559,115

Gain from the disposal of equipment

     —           —           57,500        57,500   

Interest income

     —           —           24,870        24,870   
          

 

 

 

Income before income taxes

           $ 2,058,508   
          

 

 

 

Capital expenditures

     472,672         68,203         39,157        580,032   

 

 

9


Table of Contents

CHICAGO RIVET & MACHINE CO.

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

Results for the third quarter of 2013, as well as those of the current year to date, reflect strong growth in sales and net income compared to year earlier periods. Net sales in the third quarter were $9,461,778 this year, an increase of $924,139, or 10.8%, compared with the third quarter of 2012. As of September 30, 2013, year to date sales totaled $27,915,157, an improvement of $1,747,999, or 6.7%, compared with the first three quarters of 2012. The increase in revenue helped to improve net income for the third quarter to $820,205, or $0.85 per share, compared with $463,342, or $0.48 per share, in the third quarter of 2012. Net income for the current year to date, which has benefited from the revenue growth achieved during the first three quarters as well as ongoing efficiency initiatives, was $1,911,950, or $1.98 per share, compared with $1,397,508, or $1.45 per share, reported in 2012.

During the third quarter, fastener segment revenues improved to $8,631,105 from $7,841,672 in the year earlier quarter, an increase of $789,433, or 10.1%. For the first three quarters of the year, fastener segment revenues have increased $1,615,764, or 6.8%, to $25,397,537 from $23,781,773 in 2012. With the majority of such revenues derived from the automotive industry, the segment has benefited from increased North American production and sales of autos and trucks during the current year. Production costs were positively impacted by favorable raw material prices in the third quarter this year compared to a year earlier. Additionally, we achieved savings of approximately $47,000 related to production tooling, after incurring higher expenses for the first two quarters this year compared to their year earlier periods. These savings, combined with higher sales, resulted in fastener segment gross margin of $2,228,251 for the third quarter of 2013 compared to $1,708,174 for the third quarter of 2012. The fastener segment gross margin for the first three quarters of 2013 improved to $5,835,469 from $5,077,261 in 2012, primarily due to higher sales in the current year, as well as favorable raw material prices in the current year.

Revenues within the assembly equipment segment were $830,673 in the third quarter of 2013, an increase of $134,706, or 19.4%, compared to the third quarter of 2012, when revenues were $695,967. Current year to date revenues of $2,517,620 represents an increase of $132,235, or 5.5%, compared to the $2,385,385 reported for the first three quarters of 2012. The increase in assembly equipment sales is primarily related to a greater number of machines being shipped during the third quarter and year to date. The increase in third quarter and year to date sales has resulted in improvement in segment margins of approximately $86,000 for the quarter, and $96,000 year to date, compared to last year.

Selling and administrative expenses for the third quarter of 2013 were $1,391,902, an increase of $128,666, or 10.2%, compared to the year earlier quarter total of $1,263,236. The increase is primarily due a $71,000 increase in profit sharing expense related to greater profitability, and a $29,000 increase in commissions, due to higher sales in the current year. For the first three quarters of the year, selling and administrative expenses have increased $137,771, or 3.5%, from $3,934,872 in 2012 to $4,072,643 in 2013. Profit sharing expense has increased by $89,000 for the year due to improved profitability and commissions have increased approximately $66,000 due to the higher sales. Payroll related expenses have declined approximately $46,000 due to headcount reductions since last year, while the remaining net increase includes various smaller items. Selling and administrative expenses as a percentage of net sales for the first three quarters of 2013 declined to 14.6% from 15% in 2012.

Other income in the third quarter was approximately $74,000 higher than the third quarter of 2012 and has increased approximately $57,000 on a year to date basis, due to gains on the sale of certain equipment formerly used in the fastener segment, brought on by the investment in new equipment.

Working capital as of September 30, 2013 amounted to $15.5 million, a decline of approximately $.4 million from the beginning of the year. The decline is primarily due to the $2.2 million increase in capital expenditures in the first three quarters of 2013 compared to the same period of 2012. Total capital expenditures for the current year are approximately $2.8 million, with $2.4 million related to investments in cold heading equipment, concentrated in equipment that will increase our capabilities as well as capacity. Another factor impacting the change in working capital is the increase of $1.7 million in accounts receivable, related to the higher sales during the quarter, compared to the seasonally lower sales late in the fourth quarter of 2012. This increase is partially offset by an increase of approximately $.4 million in accounts payable and $.8 million in accrued expenses, which reflect the greater level of activity that is typical for this time of year compared to the end of the prior year. The net result of these changes and other cash flow items on cash, cash equivalents and certificates of deposit was a $.6 million reduction in such total balances from the beginning of the year, to $6.9 million. Management believes that current cash, cash equivalents and operating cash flow will provide adequate working capital for the foreseeable future.

 

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We are pleased to report improved operating results for both the third quarter and current year to date compared to the year earlier periods. Higher sales and operating margins, have resulted in a 36.8% increase in net income for the first nine months of this year compared to the same period of 2012. While the growth in the overall U.S. economy has been modest in recent years, the strength of the domestic automotive market has provided opportunities for growth that we have successfully pursued. Additionally, our positive results in recent years and strong balance sheet have allowed us to make significant investments in our operations this year which we expect to contribute positively to operating results in the future. We will continue to pursue opportunities to profitably grow our revenues and improve our operating results, while maintaining the high level of product quality and reliability of service our customers demand.

This discussion contains certain “forward-looking statements” which are inherently subject to risks and uncertainties that may cause actual events to differ materially from those discussed herein. Factors which may cause such differences in events include, those disclosed under “Risk Factors” in our Annual Report on Form 10-K and in the other filings we make with the United States Securities and Exchange Commission. These factors, include among other things: conditions in the domestic automotive industry, upon which we rely for sales revenue, the intense competition in our markets, the concentration of our sales to two major customers, the price and availability of raw materials, labor relations issues, losses related to product liability, warranty and recall claims, costs relating to environmental laws and regulations, the loss of the services of our key employees and difficulties in achieving expected cost savings. Many of these factors are beyond our ability to control or predict. Readers are cautioned not to place undue reliance on these forward-looking statements. We undertake no obligation to publish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

 

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CHICAGO RIVET & MACHINE CO.

Item 4. Controls and Procedures.

(a) Disclosure Controls and Procedures. The Company’s management, with the participation of the Company’s Chief Executive Officer and President, Chief Operating Officer and Treasurer (the Company’s principal financial officer), has evaluated the effectiveness of the Company’s disclosure controls and procedures (as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) as of the end of the period covered by this report. Based on such evaluation, the Company’s Chief Executive Officer and President, Chief Operating Officer and Treasurer have concluded that, as of the end of such period, the Company’s disclosure controls and procedures are effective in recording, processing, summarizing and reporting, on a timely basis, information required to be disclosed by the Company in the reports that it files or submits under the Exchange Act.

(b) Internal Control Over Financial Reporting. There have not been any changes in the Company’s internal control over financial reporting (as such term is defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) during the fiscal quarter to which this report relates that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.

 

 

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PART II — OTHER INFORMATION

Item 6. Exhibits

 

31    Rule 13a-14(a) or 15d-14(a) Certifications
31.1    Certification Pursuant to Rule 13a-14(a) or 15d-14(a), as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2    Certification Pursuant to Rule 13a-14(a) or 15d-14(a), as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32    Section 1350 Certifications
32.1    Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2    Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101    Interactive Data File. Includes the following financial and related information from Chicago Rivet & Machine Co.’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2013 formatted in Extensible Business Reporting Language (XBRL): (1) Condensed Consolidated Balance Sheets, (2) Condensed Consolidated Statements of Operations, (3) Condensed Consolidated Statements of Retained Earnings, (4) Condensed Consolidated Statements of Cash Flows, and (5) Notes to Condensed Consolidated Financial Statements.

 

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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 thereunto duly authorized.

 

   

CHICAGO RIVET & MACHINE CO.

                    (Registrant)

Date: November 8, 2013     /s/ John A. Morrissey
    John A. Morrissey
    Chairman of the Board of Directors and Chief Executive Officer
    (Principal Executive Officer)

 

Date: November 8, 2013     /s/ Michael J. Bourg
    Michael J. Bourg
    President, Chief Operating Officer and Treasurer
    (Principal Financial Officer)

 

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CHICAGO RIVET & MACHINE CO.

EXHIBITS

INDEX TO EXHIBITS

 

Exhibit

Number

       Page
31   Rule 13a-14(a) or 15d-14(a) Certifications   
31.1   Certification Pursuant to Rule 13a-14(a) or 15d-14(a), as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002   
31.2   Certification Pursuant to Rule 13a-14(a) or 15d-14(a), as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002   
32   Section 1350 Certifications   
32.1   Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002   
32.2   Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002   
101   Interactive Data File. Includes the following financial and related information from Chicago Rivet & Machine Co.’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2013 formatted in Extensible Business Reporting Language (XBRL): (1) Condensed Consolidated Balance Sheets, (2) Condensed Consolidated Statements of Operations, (3) Condensed Consolidated Statements of Retained Earnings, (4) Condensed Consolidated Statements of Cash Flows, and (5) Notes to Condensed Consolidated Financial Statements.   

 

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