Form 8-K AMERICAN VANGUARD CORP For: Oct 11

 

 

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): October 11, 2016

 

 

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))

 

 

 

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Item 8.01

Other Events

As reported in a press release dated October 11, 2016, American Vanguard Corporation announced that its Board of Directors has declared a cash dividend in the amount of one cent ($0.01) per share of the company’s common stock to be distributed on November 11, 2016 to shareholders of record as of October 28, 2016.

The full text of that press release is attached hereto as Exhibit 99.1 and incorporated by reference herein.

 

Item 9.01

Financial Statements and Exhibits

 

(d)

Exhibits.

Exhibit 99.1:     Press release dated October 11, 2016 of American Vanguard Corporation.

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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: October 13, 2016
				By:		/s/ Timothy J. Donnelly
						Timothy J. Donnelly
						Chief Administrative Officer, General Counsel & Secretary

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INDEX TO EXHIBITS

 

Exhibit No.		Description
Exhibit 99.1		Press release of American Vanguard Corporation dated October 11, 2016.

Exhibit 99.1

 

FOR IMMEDIATE RELEASE

AMERICAN VANGUARD DECLARES QUARTERLY DIVIDEND

Newport Beach, CA – October 11, 2016 – American Vanguard Corp. (NYSE: AVD) announced that its Board of Directors has declared a $0.01 cash dividend payment to be distributed on November 11, 2016 to shareholders of record as of October 28, 2016.

Eric Wintemute, Chairman and CEO of American Vanguard, stated, “This dividend payment continues our history of providing cash returns to our shareholders and is a reflection of our decisive management actions to enhance operational efficiency and strengthen our balance sheet. The Company maintains the necessary resources to expand internationally and drive a significant Precision Agriculture initiative with our prescription planting SIMPAS equipment technology. This dividend payment reflects the recent year-over-year improvement in our financial performance and the long-term confidence that the Board of Directors has in our future prospects. We appreciate our investors’ support as we continue to deliver important solutions that enhance agricultural productivity and safeguard public health worldwide.”

Recent Annual Cash Dividend Payments:

2016 . . . . . . . . . . . . . . . . . . . . . . . . . $0.02

2015 . . . . . . . . . . . . . . . . . . . . . . . . . $0.04

2014 . . . . . . . . . . . . . . . . . . . . . . . . . $0.20

2013 . . . . . . . . . . . . . . . . . . . . . . . . . $0.17

2012 . . . . . . . . . . . . . . . . . . . . . . . . . $0.12

2011 . . . . . . . . . . . . . . . . . . . . . . . . . $0.08

Note: A “Special dividend” of $0.10 per share was paid at the end of 2012 — bringing the total paid in that year to $0.22 per share.

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 [email protected]		The Equity Group Inc. www.theequitygroup.com Lena Cati (212) 836-9611 [email protected]

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