National Presto Industries, Inc. (NYSE:NPK) Files An 8-K Other Events
Item 8.01 Other Events
On March 28, 2019,the Registrant announced that on March25, 2019 AMTEC Corporation, its wholly-owned subsidiary, received a $23.8 million option award under year three (Government Fiscal Year (FY) 2019) of AMTEC’s current five-year 40mm systems contract with the Department of the Army. A press release describing the award is filed as Exhibit 99.1 to this Form 8‑K. Such Exhibit 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
Forward looking statements in this Form 8-K are made to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. There are certain important factors that could cause results to differ materially from those anticipated by some of the statements made herein. Investors are cautioned that all forward looking statements involve risks and uncertainty. In addition to the factors discussed above, among the other factors that could cause actual results to differ materially are the following: government defense spending and defense requirements; termination for the convenience of the government; interest rates; continuity of relationships with and purchases by the United States Government and other major customers; unexpected problems or events experienced by subcontractors, team members, or their respective suppliers or subcontractors; product mix; competitive pressure on pricing; increases in material, freight/shipping, labor or other production costs that cannot be recouped through pricing; and such other factors as may be described from time to time in the Registrant’s SEC filings.
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 hereunto duly authorized.
National Presto Industries, Inc.
Date: March28, 2019
About National Presto Industries, Inc. (NYSE:NPK)
National Presto Industries, Inc. (National Presto) manufactures pressure cookers and canners, ammunition and private label adult incontinence products. The Company operates in three segments: Housewares/Small Appliance, which designs, markets and distributes housewares and small electrical appliances, including pressure cookers and canners, kitchen electrics, and comfort appliances; Defense, which manufactures approximately 40 millimeters ammunition, precision mechanical and electro-mechanical assemblies, medium caliber cartridge cases; performs Load, Assemble and Pack (LAP) operations on ordnance-related products; produces and sells a range of less lethal products and support accessories, and provides training for the use of less lethal products, and manufactures detonators, booster pellets, release cartridges, lead azide, and other military energetic devices and materials, and Absorbent Products, which manufactures and sells private label and branded adult incontinence products.