Form 8-K AMERICAN VANGUARD CORP For: Dec 11
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported): December�11, 2014
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AMERICAN VANGUARD CORPORATION
(Exact name of registrant as specified in its charter)
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Delaware | � | 001-13795 | � | 95-2588080 |
(State or other jurisdiction of incorporation) |
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� | (I.R.S. Employer Identification No.) |
4695 MacArthur Court, Suite 1200
Newport Beach, California 92660
(Address of principal executive offices)
Registrant�s telephone number: (949)�260-1200
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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:
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� | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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� | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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� | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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� | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
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Item�8.01 Other Events
On December�11, 2014, the board of directors of American Vanguard Corporation declared a cash dividend in the amount of two cents ($0.02) per share of common stock to holders of record as of December�26, 2014 to be distributed on January�9, 2015. On December�15, 2014, the company issued a press release announcing that dividend declaration. The complete text of that release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item�9.01 Financial Statements and Exhibits.
(d) Exhibits
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Exhibit�99.1 | �� | Press release dated December�15, 2014 of American Vanguard Corporation regarding declaration of a cash dividend. |
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.
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� | � | AMERICAN VANGUARD CORPORATION | ||
Date: December�16, 2014 |
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� | By: | � | /s/ Timothy J. Donnelly | |
� | � | Timothy J. Donnelly | ||
� | � | Chief Administrative Officer, General Counsel | ||
� | � | & Secretary |
INDEX TO EXHIBITS
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Exhibit No. |
� | Description |
Exhibit�99.1 | � | Press release of American Vanguard Corporation dated December�15, 2014 regarding declaration of cash dividend. |
Exhibit 99.1
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FOR IMMEDIATE RELEASE
AMERICAN VANGUARD DECLARES QUARTERLY DIVIDEND
Newport Beach, CA - December�15, 2014 - American Vanguard Corp. (NYSE: AVD) announced that its Board of Directors has declared a $0.02 cash dividend payment to be distributed on January�9, 2015 to shareholders of record as of December�26, 2014.
Eric Wintemute, Chairman and CEO of American Vanguard, stated, �This dividend continues our history of providing such returns to our shareholders while reflecting the difficult conditions that our industry sector has faced in 2014. We are addressing those challenges vigorously through cost reductions and efficiency improvements in both our manufacturing and administrative management activities. One of the most significant actions has been a 21% reduction in our workforce over the past 12 months. We will continue to invest in the development of new product and equipment technologies that can enhance the long-term prospects of the company. Management and the Board wish to thank our shareholders for their continued support as we take the prudent near-term steps necessary to strengthen American Vanguard�s future performance.�
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 public and animal health. American Vanguard is included on the Russell 2000��& Russell 3000� Indexes and the Standard�& Poors 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 this release, 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
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