Form 8-K AMERICAN VANGUARD CORP For: Apr 22
Tweet
Share
E-mail
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): April 22, 2015
AMERICAN VANGUARD CORPORATION
(Exact name of registrant as specified in its charter)
| Delaware | 001-13795 | 95-2588080 | ||
| (State or other jurisdiction of incorporation) |
Commission File Number |
(I.R.S. Employer Identification No.) |
4695 MacArthur Court
Newport Beach, California 92660
(Address of principal executive offices)
Registrant’s telephone number: (949) 260-1200
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 2.02 Results of Operations and Financial Condition
On April 22, 2015 American Vanguard Corporation issued a press release announcing the schedule for its 2015 first quarter earnings release and conference call; in that release, the company also made comment on its expected financial results for the quarter ended March 31, 2015. The full text of that press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
The information contained in this Current Report on Form 8-K, including the Exhibits attached hereto, is being furnished under Items 2.02 and 9.01 and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit 99.1 | Press release dated April 22, 2015 of American Vanguard Corporation regarding its 2015 first quarter earnings release and conference call. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, American Vanguard Corporation has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| AMERICAN VANGUARD CORPORATION | ||||||
| Date: April 23, 2015 | By: | /s/ Timothy J. Donnelly | ||||
| Timothy J. Donnelly | ||||||
| Chief Administrative Officer, General Counsel & Secretary | ||||||
INDEX TO EXHIBITS
| Exhibit No. |
Description | |
| Exhibit 99.1 | Press release of American Vanguard Corporation dated April 22, 2015 regarding its 2014 first quarter earnings release and conference call. | |
Exhibit 99.1
FOR IMMEDIATE RELEASE
AMERICAN VANGUARD SCHEDULES 2015 FIRST QUARTER EARNINGS RELEASE AND
CONFERENCE CALL FOR THURSDAY, APRIL 30TH
Newport Beach, CA – April 22, 2015 – American Vanguard Corporation (NYSE: AVD), today announced that it will report financial results for the first quarter of 2015 on Thursday, April 30, 2015 after the close of the stock market. Details regarding the conference call appear below.
Eric Wintemute, Chairman and CEO of American Vanguard commented: “In the first quarter of 2015, we continued to experience soft market conditions, primarily in the Midwest U.S. corn market. This situation has been cited by some of our industry peers and commented on by many expert observers of the U.S. agriculture sector. Lower crop commodity prices, that inevitably squeeze grower profitability, prompted purchasing restraint throughout the agricultural input distribution channel. Current conditions affected the procurement of equipment, seed, fertilizer, and crop protection products.”
Mr. Wintemute concluded: “As a result, we will be reporting first quarter revenues that are approximately 18% below our prior year first quarter levels. Thanks to our significant efforts to manage our manufacturing costs and operating expenses, we expect to post earnings that will be approximately breakeven. We remain confident that our significant participation in other non-corn markets, our disciplined cost/expense control and our ability to pursue several growth initiatives, such as our recent acquisition of the Nemacur® product line in the E.U., will improve our future operating and financial performance.”
Mr. Wintemute, Bob Trogele, COO and David T. Johnson, CFO, will conduct a conference call focusing on operating performance and financial results at 4:30 pm ET / 1:30 pm PT on Thursday, April 30, 2015. Interested parties may participate in the call by dialing (201) 493-6744 – please dial in 10 minutes before the call is scheduled to begin, and ask for the American Vanguard call.
The conference call will also be webcast live via the News and Media section of the Company’s web site at www.american-vanguard.com. To listen to the live webcast, go to the web site at least 15 minutes early to register, download and install any necessary audio software. If you are unable to listen live, the conference call will be archived on the Company’s web site.
About American Vanguard
American Vanguard Corporation is a diversified specialty and agricultural products company that develops and markets products for crop protection and management, turf and ornamentals management and the control of public and animal health pests. American Vanguard is included on the Russell 2000® & Russell 3000® Indexes and the Standard & Poor’s Small Cap 600 Index. To learn more about American Vanguard, please reference the Company’s web site at www.american-vanguard.com.
In its public commentary, the Company may discuss forward-looking information. Except for the historical information contained in any of its public commentary, all forward-looking statements are estimates by the Company’s management subject to various risks and uncertainties that may cause results to differ from management’s current expectations. Such factors include weather conditions, changes in regulatory policy and other risks as detailed in the Company’s SEC reports and filings. All forward-looking statements, if any, in this release represent the Company’s judgment as of the date of this release.
Contact Information
American Vanguard Corporation
William A. Kuser, Director of Investor Relations
(949) 260-1200
The Equity Group Inc.
Lena Cati
(212) 836-9611
www.theequitygroup.com
Create E-mail Alert Related Categories
SEC FilingsRelated Entities
VanguardSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
