Attached files

file filename
EXCEL - IDEA: XBRL DOCUMENT - CHICAGO RIVET & MACHINE COFinancial_Report.xls
EX-31.1 - EX-31.1 - CHICAGO RIVET & MACHINE COd919740dex311.htm
EX-32.2 - EX-32.2 - CHICAGO RIVET & MACHINE COd919740dex322.htm
EX-31.2 - EX-31.2 - CHICAGO RIVET & MACHINE COd919740dex312.htm
EX-32.1 - EX-32.1 - CHICAGO RIVET & MACHINE COd919740dex321.htm
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 March 31, 2015

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 April 30, 2015, 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 March 31, 2015 and December 31, 2014

    2-3   

Condensed Consolidated Statements of Income for the
Three Months Ended March 31, 2015 and 2014

    4   

Condensed Consolidated Statements of Retained Earnings for the
Three Months Ended March 31, 2015 and 2014

    5   

Condensed Consolidated Statements of Cash Flows for the
Three Months Ended March 31, 2015 and 2014

    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
Item 1. Financial Statements.

CHICAGO RIVET & MACHINE CO.

Condensed Consolidated Balance Sheets

March 31, 2015 and December 31, 2014

 

     March 31,
2015
     December 31,
2014
 
     (Unaudited)         
Assets      

Current Assets:

     

Cash and cash equivalents

   $ 457,693       $ 231,252  

Certificates of deposit

     5,809,000         6,058,000  

Accounts receivable, net of allowance of $150,000

     6,267,309         5,669,654  

Inventories, net

     5,035,548         5,162,474  

Deferred income taxes

     448,191         446,191  

Prepaid Income Taxes

     —           173,656  

Other current assets

     424,084         348,413  
  

 

 

    

 

 

 

Total current assets

  18,441,825      18,089,640  
  

 

 

    

 

 

 

Property, Plant and Equipment:

Land and improvements

  1,270,242      1,270,242  

Buildings and improvements

  6,498,846      6,494,896  

Production equipment and other

  33,579,689      33,190,789  
  

 

 

    

 

 

 
  41,348,777      40,955,927  

Less accumulated depreciation

  30,370,831      30,077,932  
  

 

 

    

 

 

 

Net property, plant and equipment

  10,977,946      10,877,995  
  

 

 

    

 

 

 

Total assets

$ 29,419,771    $ 28,967,635  
  

 

 

    

 

 

 

 

See Notes to the Condensed Consolidated Financial Statements

2


Table of Contents

CHICAGO RIVET & MACHINE CO.

Condensed Consolidated Balance Sheets

March 31, 2015 and December 31, 2014

 

     March 31,
2015
    December 31,
2014
 
     (Unaudited)        
Liabilities and Shareholders’ Equity     

Current Liabilities:

    

Accounts payable

   $ 1,282,362      $ 923,819  

Accrued wages and salaries

     801,408        605,029  

Other accrued expenses

     278,049        520,723  

Unearned revenue and customer deposits

     184,718        69,866  
  

 

 

   

 

 

 

Total current liabilities

  2,546,537      2,119,437  

Deferred income taxes

  1,085,275      1,107,275  
  

 

 

   

 

 

 

Total liabilities

  3,631,812      3,226,712  
  

 

 

   

 

 

 

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

  28,124,827      28,077,791  

Treasury stock, 171,964 shares at cost

  (3,922,098   (3,922,098 )
  

 

 

   

 

 

 

Total shareholders’ equity

  25,787,959      25,740,923  
  

 

 

   

 

 

 

Total liabilities and shareholders’ equity

$ 29,419,771    $ 28,967,635  
  

 

 

   

 

 

 

See Notes to the Condensed Consolidated Financial Statements

 

3


Table of Contents

CHICAGO RIVET & MACHINE CO.

Condensed Consolidated Statements of Income

For the Three Months Ended March 31, 2015 and 2014

(Unaudited)

 

     2015      2014  

Net sales

   $ 9,283,791      $ 9,950,424   

Cost of goods sold

     7,189,926        7,688,116   
  

 

 

    

 

 

 

Gross profit

  2,093,865     2,262,308   

Selling and administrative expenses

  1,425,825     1,414,052   
  

 

 

    

 

 

 

Operating profit

  668,040     848,256   

Other income

  10,433     10,117   
  

 

 

    

 

 

 

Income before income taxes

  678,473     858,373   

Provision for income taxes

  216,000     290,000   
  

 

 

    

 

 

 

Net income

$ 462,473   $ 568,373   
  

 

 

    

 

 

 

Per share data, basic and diluted:

Net income per share

$ 0.48   $ 0.59   
  

 

 

    

 

 

 

Average common shares outstanding

  966,132     966,132   
  

 

 

    

 

 

 

Cash dividends declared per share

$ 0.43   $ 0.58   
  

 

 

    

 

 

 

See Notes to the Condensed Consolidated Financial Statements

 

4


Table of Contents

CHICAGO RIVET & MACHINE CO.

Condensed Consolidated Statements of Retained Earnings

For the Three Months Ended March 31, 2015 and 2014

(Unaudited)

 

     2015     2014  

Retained earnings at beginning of period

   $ 28,077,791      $ 27,207,970   

Net income

     462,473        568,373   

Cash dividends declared in the period;
$.43 per share in 2015 and $.58 per share in 2014

     (415,437     (560,357
  

 

 

   

 

 

 

Retained earnings at end of period

$ 28,124,827    $ 27,215,986   
  

 

 

   

 

 

 

See Notes to the Condensed Consolidated Financial Statements

 

5


Table of Contents

CHICAGO RIVET & MACHINE CO.

Condensed Consolidated Statements of Cash Flows

For the Three Months Ended March 31, 2015 and 2014

(Unaudited)

 

     2015     2014  

Cash flows from operating activities:

    

Net income

   $ 462,473     $ 568,373   

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

    

Depreciation

     312,645       305,326   

(Gain) loss on disposal of equipment

     1,088       (17,000

Deferred income taxes

     (24,000 )     7,000   

Changes in operating assets and liabilities:

    

Accounts receivable

     (597,655 )     (947,840

Inventories

     126,926       (272,644

Other current assets

     97,985       (23,971

Accounts payable

     316,075       855,106   

Accrued wages and salaries

     196,379       220,394   

Other accrued expenses

     (242,674 )     (16,974

Unearned revenue and customer deposits

     114,852       (50,360
  

 

 

   

 

 

 

Net cash provided by operating activities

  764,094     627,410   
  

 

 

   

 

 

 

Cash flows from investing activities:

Capital expenditures

  (371,216 )   (537,588

Proceeds from the sale of equipment

  —        17,000   

Proceeds from certificates of deposit

  1,843,000     1,245,000   

Purchases of certificates of deposit

  (1,594,000 )   (498,000
  

 

 

   

 

 

 

Net cash provided by (used in) investing activities

  (122,216 )   226,412   
  

 

 

   

 

 

 

Cash flows from financing activities:

Cash dividends paid

  (415,437 )   (560,357
  

 

 

   

 

 

 

Net cash used in financing activities

  (415,437 )   (560,357
  

 

 

   

 

 

 

Net increase in cash and cash equivalents

  226,441     293,465   

Cash and cash equivalents at beginning of period

  231,252     443,608   
  

 

 

   

 

 

 

Cash and cash equivalents at end of period

$ 457,693   $ 737,073   
  

 

 

   

 

 

 

Supplemental schedule of non-cash investing activities:

Capital expenditures in accounts payable

$ 42,468   $ 13,030   

See Notes to the Condensed Consolidated Financial Statements

 

6


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 March 31, 2015 (unaudited) and December 31, 2014 (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, 2014.

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 month period ended March 31, 2015 are not necessarily indicative of the results to be expected for the year.

Certain items in 2014 have been reclassified to conform to the presentation in 2015. These changes have no effect on net income or the financial position of the Company.

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 has entered into a contract to expand the fastener facility in Madison Heights, Michigan in order to provide additional capacity and improve workflow through the plant. The base contract amount is $1,502,500 and is expected to be completed before the end of 2015.

5. The Company’s effective tax rates were approximately 31.8% and 33.8% for the first quarter of 2015 and 2014, 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 2011 through 2014 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 2011 through 2014 federal income tax returns will expire on September 15, 2015 through 2018, respectively.

The Company’s state income tax returns for the 2011 through 2014 tax years remain subject to examination by various state authorities with the latest closing period on October 31, 2018. The Company is not currently under examination by any state authority for income tax purposes and no statutes for state income tax filings have been extended.

 

7


Table of Contents

6. 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:

 

     March 31, 2015      December 31, 2014  

Raw material

   $ 1,904,715      $ 2,154,572   

Work-in-process

     1,803,623        1,664,899   

Finished goods

     1,945,210        1,961,003   
  

 

 

    

 

 

 

Inventory, gross

  5,653,548     5,780,474   

Valuation reserves

  618,000     618,000   
  

 

 

    

 

 

 

Inventory, net

$ 5,035,548   $ 5,162,474   
  

 

 

    

 

 

 

 

8


Table of Contents

CHICAGO RIVET & MACHINE CO.

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

 

7. Segment Information—The Company operates in two business segments as determined by its products. The fastener segment includes rivets, cold-formed fasteners 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 March 31, 2015:

           

Net sales

   $ 8,400,497       $ 883,294       $ —         $ 9,283,791   

Depreciation

     273,752         20,097         18,796         312,645   

Segment operating profit

     1,018,047         244,589         —           1,262,636   

Selling and administrative expenses

     —           —           (590,996      (590,996

Interest income

     —           —           6,833         6,833   
           

 

 

 

Income before income taxes

$ 678,473   
           

 

 

 

Capital expenditures

  350,817      54,775      8,092      413,684   

Segment assets:

Accounts receivable, net

  5,815,951      451,358      —        6,267,309   

Inventories, net

  4,187,776      847,772      —        5,035,548   

Property, plant and equipment, net

  9,344,594      1,147,395      485,957      10,977,946   

Other assets

  —        —        7,138,968      7,138,968   
           

 

 

 
$ 29,419,771   
           

 

 

 

Three Months Ended March 31, 2014:

Net sales

$ 9,087,735    $ 862,689    $ —      $ 9,950,424   

Depreciation

  271,198      16,066      18,062      305,326   

Segment operating profit

  1,178,991      231,039      —        1,410,030   

Selling and administrative expenses

  —        —        (558,174   (558,174

Interest income

  —        —        6,517      6,517   
           

 

 

 

Income before income taxes

$ 858,373   
           

 

 

 

Capital expenditures

  550,618      —        —        550,618   

Segment assets:

Accounts receivable, net

  6,036,691      421,919      —        6,458,610   

Inventories, net

  4,349,163      804,269      —        5,153,432   

Property, plant and equipment, net

  9,006,961      1,121,067      526,384      10,654,412   

Other assets

  —        —        6,940,104      6,940,104   
           

 

 

 
$ 29,206,558   
           

 

 

 

 

9


Table of Contents

CHICAGO RIVET & MACHINE CO.

 

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

Revenues for the first quarter of 2015 were $9,283,791 compared to $9,950,424 in the first quarter of 2014, a decline of $666,633, or 6.7%. The reduction in sales was primarily related to weaker demand from certain automotive customers and lower export sales. While sales were lower, certain manufacturing expenses also declined, resulting in an overall gross margin rate that was only fractionally lower than in the first quarter of 2014. Net income was $462,473, or $0.48 per share, in the first quarter of this year compared to $568,373, or $0.59 per share, in the first quarter of 2014. In addition to a regular quarterly dividend of $.18 per share, an extra dividend of $.25 per share was paid in the first quarter based on the positive results achieved in 2014.

Fastener segment revenues were $8,400,497 in the first quarter of 2015, declining $687,238, or 7.6%, from $9,087,735 reported in the first quarter of 2014. The decline was primarily due to reduced demand from certain automotive customers, including a $269,000 drop in shipments to a customer with a production facility in China. North American vehicle production declined in the first two months of the year, compared to a year earlier, before rebounding in March. Additionally, even though our export sales account for less than 10% of overall sales, certain foreign markets have exhibited weakness recently. The impact of the lower sales was lessened due to a $123,000 reduction in tooling expense and a $68,000 reduction in natural gas expense from the elevated levels of 2014, as well as lower expenditures for supplies and maintenance. The net effect of these cost savings and the lower sales volume resulted in a decrease in fastener segment gross margin of approximately $178,000.

Assembly equipment segment revenues were $883,294 in the first quarter of 2015 compared to $862,689 in the first quarter of 2014, an increase of $20,605, or 2.4%. The increase in revenue was primarily due to an increase in parts and tool sales as fewer machines were shipped in the current year quarter compared to last year. The increase in sales during the quarter, while keeping manufacturing costs comparable to the same period last year, resulted in an improvement in segment margins of approximately $10,000 in the first quarter of 2015. As of March 31, 2015, machine orders trail the level of a year earlier.

Selling and administrative expenses during the first quarter of 2015 were $1,425,825, an increase of $11,773, or less than 1%, compared to $1,414,052 recorded in the first quarter of 2014. While profit sharing expense declined in the first quarter by $20,000, due to lower profitability, smaller increases in annual reporting expenses, repairs and maintenance and employee insurance contributed to the overall increase. Compared to net sales, selling and administrative expenses were 15.4% for the current year quarter compared to 14.2% in the first quarter of 2014.

Other income in the first quarter of 2015 was $10,433, compared to $10,117 in the first quarter of 2014. Other income consists primarily of interest income on certificates of deposit.

The Company’s effective tax rates were approximately 31.8% and 33.8% for the first quarter of 2015 and 2014, 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.

Working capital amounted to $15.9 million as of March 31, 2015, a decrease of approximately $.1 million from the beginning of the current year. The largest component of the net change in the first quarter was accounts receivable, which increased by $.6 million due to greater sales activity during the quarter, compared to the seasonally lower fourth quarter of 2014. Partially offsetting this change was an increase of $.4 million in accounts payable, which relates to the greater level of activity in the quarter, and a reduction in prepaid income taxes of $.2 million since the beginning of the year. The net result of these changes and other cash flow items was to leave cash, cash equivalents and certificates of deposit relatively unchanged at March 31, 2015 from the beginning of the year at $6.3 million. Management believes that current cash, cash equivalents and operating cash flow will provide adequate working capital for the next twelve months.

We are pleased to report very respectable results for the first quarter of 2015, in spite of uneven demand in certain markets. We have adjusted our work schedules in response to reduced customer demand and will continue to emphasize cost controls wherever possible. Conditions in the automotive market, upon which we rely for the majority of our revenues, remain favorable, even though the current year growth rate is expected to be lower than in recent years. The slowing of the domestic economy experienced in late 2014 and early 2015 is currently expected to improve in coming quarters. We have seen a firming of fastener segment demand early in the second quarter, however equipment segment demand has been mixed, with increased tools and parts orders being somewhat offset by lower machine orders. Our financial condition remains sound, allowing us to make significant investments in our operations in recent years in an

 

10


Table of Contents

effort to remain competitive and pursue opportunities to profitably grow our revenues and improve our bottom line. We will continue to make adjustments to our activities which we feel are necessary based on conditions in our markets, while maintaining an emphasis on 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, risks related to export sales, 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 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.

 

11


Table of Contents

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.

 

12


Table of Contents

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 March 31, 2015 formatted in Extensible Business Reporting Language (XBRL): (1) Condensed Consolidated Balance Sheets, (2) Condensed Consolidated Statements of Income, (3) Condensed Consolidated Statements of Retained Earnings, (4) Condensed Consolidated Statements of Cash Flows, and (5) Notes to Condensed Consolidated Financial Statements.

 

13


Table of Contents

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: May 6, 2015

/s/ John A. Morrissey

John A. Morrissey
Chairman of the Board of Directors
and Chief Executive Officer
(Principal Executive Officer)
Date: May 6, 2015

/s/ Michael J. Bourg

Michael J. Bourg
President, Chief Operating
Officer and Treasurer
(Principal Financial Officer)

 

14


Table of Contents

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

     16   
     
  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

     17   
     
  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

     18   
     
  32.2   

Certification Pursuant to 18 U.S.C. Section 1350, as
Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

     19   
     
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 March 31, 2015 formatted in Extensible Business Reporting Language (XBRL): (1) Condensed Consolidated Balance Sheets, (2) Condensed Consolidated Statements of Income, (3) Condensed Consolidated Statements of Retained Earnings, (4) Condensed Consolidated Statements of Cash Flows, and (5) Notes to Condensed Consolidated Financial Statements.

  
     
     
     
     
     
     

 

15