Form 8-K CCA INDUSTRIES INC For: Apr 18
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E-mailUNITED 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 18, 2016 (April 14, 2016)
CCA Industries, Inc.
(Exact name of registrant as specified in its charter)
DELAWARE | 1-31643 | 04-2795439 | ||
(State or other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||
65 CHALLENGER RD, SUITE 340 RIDGEFIELD PARK, NEW JERSEY | 07660 | |
(Address of principal executive offices) | (Zip Code) | |
Registrant's telephone number, including area code: ( 201 ) 935-3232
(Former name or former address if changed since last report.) |
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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events
The Company issued a press release on April 14, 2016 announcing its results for the quarter ended February 29, 2016.
Item 9.01 Exhibits
The following exhibits are annexed hereto:
99.1 Press release issued April 14, 2016
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.
Dated: April 18, 2016
CCA Industries, Inc. x
By: /s/ Stephen A. Heit
Stephen A. Heit
Chief Financial Officer
EXHIBIT 99.1
Company Contact:
Stephen A. Heit
800 524-2720, ext. 183
FOR IMMEDIATE RELEASE
CCA Industries, Inc. Reports First Quarter 2016 Results
East Rutherford, N.J., April 14, 2016/PRNewswire/--CCA Industries, Inc. (NYSE MKT: CAW), announced its first quarter results for the period ended February 29, 2016. Specific results can be found on the chart below.
Net income increased to $203,369 in the first quarter of fiscal 2016 from $57,608 in the prior year first quarter despite lower net sales. Lance Funston, Chief Executive Officer, commented, “Our first quarter results show that the efforts to reduce the Company’s overhead are taking effect. I am pleased to note that selling, general and administrative expenses in the first quarter of fiscal 2016 decreased almost 33% as compared to the first quarter of fiscal 2015. Management is continuing to explore how to make our operations more efficient in order to reduce costs further. At the same time, we are investing in our performing brands with new advertising as part of our efforts to increase shareholder value.”
CCA Industries, Inc. manufactures and markets health and beauty aids, each under its individual brand name. The products include, principally, “Plus+White” toothpastes and teeth whiteners, “Bikini Zone” medicated topical and shave gels, “Nutra Nail” nail care treatments, “Scar Zone” scar treatment products, “Sudden Change” anti-aging skin care products, and “Solar Sense” sun protection products.
Statements contained in the news release that are not historical facts are forward looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties, which would cause actual results to differ materially, from estimated results. Such risks and uncertainties are detailed in the Company's filings with the Securities and Exchange Commission. No assurance can be given that the results in any forward-looking statement will be achieved and actual results could be affected by one or more factors, which could cause them to differ materially. For these statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act.
Three Months Ended | ||||
February 29, 2016 | February 28, 2015 | |||
Revenues | $ 4,684,444 | $ 6,957,516 | ||
Income from Continuing Operations | $ 208,940 | $ 57,608 | ||
(Loss) on Discontinued Operations | $ (5,571) | 0 | ||
Net Income | $ 203,369 | $ 57,608 | ||
Earnings per Share: | ||||
Basic | ||||
Continuing Operations | $ 0.03 | $ 0.01 | ||
Discontinued Operations | 0 | 0 | ||
Earnings | $ 0.03 | $ 0.01 | ||
Weighted Average Shares Outstanding: | ||||
Basic | 7,006,684 | 7,006,684 | ||
Diluted | 7,047,765 | 7,155,242 | ||
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