UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
-----------
FORM 10-Q
(Mark One)
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 2007
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the transition period from ____________ to ___________
Commission file number 0-1227
Chicago Rivet & Machine Co.
(Exact Name of Registrant as Specified in Its Charter)
Illinois 36-0904920
(State or Other Jurisdiction (I.R.S. Employer
of Incorporation or Organization) Identification No.)
901 Frontenac Road, Naperville, Illinois 60563
(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, Including Area Code (630) 357-8500
Indicate by check mark whether the registrant: (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. Yes [X] No [ ]
Indicate by check mark whether the registrant is a large accelerated
filer, an accelerated filer, or a non-accelerated filer. See definition of
accelerated filer and large accelerated filer in Rule 12b-2 of the Exchange Act.
(Check one):
Large accelerated filer [ ] Accelerated filer [ ] Non-accelerated filer [X]
Indicate by check mark whether the registrant is a shell company (as
defined in Rule 12b-2 of the Exchange Act). Yes [ ] No [X]
As of June 30, 2007, 966,132 shares of the registrant's common stock were
outstanding.
CHICAGO RIVET & MACHINE CO.
INDEX
Page
PART I. FINANCIAL INFORMATION (Unaudited)
Condensed Consolidated Balance Sheets at June 30, 2007 and December 31, 2006 2-3
Condensed Consolidated Statements of Operations for the Three and Six Months Ended June 30, 2007 and 2006 4
Condensed Consolidated Statements of Retained Earnings for the Six Months Ended June 30, 2007 and 2006 5
Condensed Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2007 and 2006 6
Notes to the Condensed Consolidated Financial Statements 7-9
Management's Discussion and Analysis of Financial Condition and Results of Operations 10-11
Controls and Procedures 12
PART II. OTHER INFORMATION 13-19
1
Item 1. Financial Statements.
CHICAGO RIVET & MACHINE CO.
Condensed Consolidated Balance Sheets
June 30, 2007 and December 31, 2006
June 30, December 31,
2007 2006
--------------- --------------
(Unaudited)
Assets
Current Assets:
Cash and cash equivalents $ 1,396,348 $ 367,581
Certificates of deposit 4,380,000 5,405,000
Accounts receivable, net of allowance
of $143,000 and $150,000, respectively 6,649,468 5,902,628
Inventories:
Raw materials 1,621,647 1,333,857
Work in process 2,122,972 1,907,653
Finished goods 2,128,479 2,239,799
--------------- --------------
Total inventories 5,873,098 5,481,309
--------------- --------------
Deferred income taxes 496,191 499,191
Prepaid income taxes - 118,914
Other current assets 225,137 294,593
--------------- --------------
Total current assets 19,020,242 18,069,216
--------------- --------------
Property, Plant and Equipment:
Land and improvements 1,029,035 1,029,035
Buildings and improvements 6,347,078 6,321,609
Production equipment, leased
machines and other 28,154,696 29,411,746
--------------- --------------
35,530,809 36,762,390
Less accumulated depreciation 25,927,078 26,925,130
--------------- --------------
Net property, plant and equipment 9,603,731 9,837,260
--------------- --------------
Total assets $ 28,623,973 $ 27,906,476
=============== ==============
See Notes to the Condensed Consolidated Financial Statements
2
CHICAGO RIVET & MACHINE CO.
Condensed Consolidated Balance Sheets
June 30, 2007 and December 31, 2006
June 30, December 31,
2007 2006
--------------- ---------------
(Unaudited)
Liabilities and Shareholders' Equity
Current Liabilities:
Accounts payable $ 1,785,615 $ 1,431,468
Accrued wages and salaries 833,967 693,442
Contributions due profit sharing plan 136,000 225,000
Accrued plant closing expenses 67,234 217,443
Other accrued expenses 299,851 259,680
--------------- ---------------
Total current liabilities 3,122,667 2,827,033
Deferred income taxes 1,012,275 1,076,275
--------------- ---------------
Total liabilities 4,134,942 3,903,308
--------------- ---------------
Commitments and contingencies (Note 4) - -
Shareholders' Equity:
Preferred stock, no par value, 500,000 shares
authorized: none outstanding - -
Common stock, $1.00 par value, 4,000,000 shares
authorized: 1,138,096 shares issued 1,138,096 1,138,096
Additional paid-in capital 447,134 447,134
Retained earnings 26,825,899 26,340,036
Treasury stock, 171,964 shares at cost (3,922,098) (3,922,098)
--------------- ---------------
Total shareholders' equity 24,489,031 24,003,168
--------------- ---------------
Total liabilities and shareholders' equity $ 28,623,973 $ 27,906,476
=============== ===============
See Notes to the Condensed Consolidated Financial Statements
3
CHICAGO RIVET & MACHINE CO.
Condensed Consolidated Statements of Operations
For the Three and Six Months Ended June 30, 2007 and 2006
(Unaudited)
Three Months Ended Six Months Ended
June 30, June 30,
------------------------------ ------------------------------
2007 2006 2007 2006
-------------- -------------- -------------- --------------
Net sales $ 10,107,140 $ 11,032,015 $ 20,031,473 $ 21,945,917
Lease revenue 23,180 25,351 46,423 52,400
-------------- -------------- -------------- --------------
10,130,320 11,057,366 20,077,896 21,998,317
Cost of goods sold and costs
related to lease revenue 7,911,272 8,379,524 15,927,787 17,165,305
-------------- -------------- -------------- --------------
Gross profit 2,219,048 2,677,842 4,150,109 4,833,012
Selling and administrative expenses 1,520,531 1,637,046 3,048,877 3,266,849
Plant closing expenses 2,722 400,401 20,796 400,401
-------------- -------------- -------------- --------------
Operating profit 695,795 640,395 1,080,436 1,165,762
Other income and expenses:
Interest income 73,026 53,954 147,457 109,918
Other income 6,578 4,177 7,778 9,130
-------------- -------------- -------------- --------------
Income before income taxes 775,399 698,526 1,235,671 1,284,810
Provision for income taxes 252,000 230,000 402,000 427,000
-------------- -------------- -------------- --------------
Net income $ 523,399 $ 468,526 $ 833,671 $ 857,810
============== ============== ============== ==============
Average common shares outstanding 966,132 966,132 966,132 966,132
============== ============== ============== ==============
Per share data:
Net income per share $ 0.54 $ 0.49 $ 0.86 $ 0.89
============== ============== ============== ==============
Cash dividends declared per share $ 0.18 $ 0.18 $ 0.36 $ 0.36
============== ============== ============== ==============
See Notes to the Condensed Consolidated Financial Statements
4
CHICAGO RIVET & MACHINE CO.
Condensed Consolidated Statements of Retained Earnings
For the Six Months Ended June 30, 2007 and 2006
(Unaudited)
2007 2006
-------------- ---------------
Retained earnings at beginning of period $ 26,340,036 $ 25,915,024
Net income for the six months ended 833,671 857,810
Cash dividends declared in the period,
$.36 per share in 2007 and 2006 (347,808) (347,808)
-------------- ---------------
Retained earnings at end of period $ 26,825,899 $ 26,425,026
============== ===============
See Notes to the Condensed Consolidated Financial Statements
5
CHICAGO RIVET & MACHINE CO.
Condensed Consolidated Statements of Cash Flows
For the Six Months Ended June 30, 2007 and 2006
(Unaudited)
2007 2006
-------------- ----------------
Cash flows from operating activities:
Net income $ 833,671 $ 857,810
Adjustments to reconcile net income to net cash
provided by operating activities:
Depreciation 562,248 817,410
Net gain on the sale of equipment (17,824) (2,830)
Deferred income taxes (61,000) (240,000)
Changes in operating assets and liabilities:
Accounts receivable, net (746,840) (1,893,500)
Inventories (391,789) 176,878
Other current assets 188,370 66,790
Accounts payable 264,923 (2,445)
Accrued wages and salaries 140,525 190,195
Accrued profit sharing contribution (89,000) 65,000
Other accrued expenses (110,038) 283,660
-------------- ----------------
Net cash provided by operating activities 573,246 318,968
-------------- ----------------
Cash flows from investing activities:
Capital expenditures (252,289) (906,989)
Proceeds from the sale of equipment 30,618 9,000
Proceeds from certificates of deposit 10,355,000 2,475,000
Purchases of certificates of deposit (9,330,000) (5,975,000)
-------------- ----------------
Net cash provided by (used in) investing activities 803,329 (4,397,989)
-------------- ----------------
Cash flows from financing activities:
Cash dividends paid (347,808) (347,808)
-------------- ----------------
Net cash used in financing activities (347,808) (347,808)
-------------- ----------------
Net increase (decrease) in cash and cash equivalents 1,028,767 (4,426,829)
Cash and cash equivalents at beginning of period 367,581 4,730,837
-------------- ----------------
Cash and cash equivalents at end of period $ 1,396,348 $ 304,008
============== ================
Supplemental schedule of non-cash investing activities:
Capital expenditures in accounts payable $ 89,224 $ 28,383
See Notes to the Condensed Consolidated Financial Statements
6
CHICAGO RIVET & MACHINE CO.
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(Unaudited)
1. In the opinion of the Company, the accompanying unaudited interim financial
statements contain all adjustments necessary to present fairly the financial
position of the Company as of June 30, 2007 (unaudited) and December 31, 2006
(audited) and the results of operations and changes in cash flows for the
indicated periods.
The preparation of financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions that
affect the reported amounts of assets and liabilities and disclosure of
contingent assets and liabilities at the date of the financial statements and
the reported amounts of revenues and expenses during the reporting period.
Actual results could differ from those estimates.
2. The results of operations for the three and six-month period ending June 30,
2007 are not necessarily indicative of the results to be expected for the year.
3. The Company extends credit on the basis of terms that are customary within
our markets to various companies doing business primarily in the automotive
industry. The Company has a concentration of credit risk primarily within the
automotive industry and in the Midwestern United States.
4. The Company is, from time to time, involved in litigation, including
environmental claims and contract disputes, in the normal course of business.
While it is not possible at this time to establish the ultimate amount of
liability with respect to contingent liabilities, including those related to
legal proceedings, management is of the opinion that the aggregate amount of any
such liabilities, for which provision has not been made, will not have a
material adverse effect on the Company's financial position.
5. The Company adopted the provisions of Financial Accounting Standards Board
Interpretation No. 48 "Accounting for Uncertainty in Income Taxes" ("FIN 48"),
on January 1, 2007. There was no effect on retained earnings related to this
adoption. Consistent with FIN 48, the Company classifies interest and penalties
related to unrecognized tax benefits as a component of income tax expense.
The Company's federal income tax returns for the 2005 and 2006 tax years are
subject to examination by the Internal Revenue Service ("IRS"). While it may be
possible that a reduction could occur with respect to the Company's unrecognized
tax benefits as an outcome of an IRS examination, management does not anticipate
any adjustments that would result in a material change to the results of
operations or financial condition of the Company. The 2004 federal income tax
return was examined by the IRS and no adjustments were made as a result of the
examination.
No statutes have been extended on any of the Company's federal income tax
filings. The statute of limitations on the Company's 2005 and 2006 federal
income tax returns will expire on September 15, 2009 and 2010, respectively.
The Company's state income tax returns for the 2004 through 2006 tax years
remain subject to examination by various state authorities with the latest
closing period on October 31, 2010. The Company is currently not under
examination by any state authority for income tax purposes and no statutes for
state income tax filings have been extended.
6. The Company recorded various charges during 2006 and 2007 related to the
closure of its Jefferson, Iowa facility. The facility had been operating below
capacity and after the transfer of production activities to Tyrone,
Pennsylvania, operations ceased in December 2006. As a result of the closure,
the Company recorded plant closing expenses of $422,934 in the year ended
December 31, 2006, and $20,796 in the period ended June 30, 2007.
The following is a summary of liabilities recorded on the accompanying balance
sheets as accrued plant closing expenses:
Severance Facility
and Benefits Closure Costs Total
------------- ------------- ----------------
Balance at December 31, 2006 $ 177,074 $ 40,369 $ 217,443
Charge - 20,796 20,796
Payments (112,051) (58,954) (171,005)
Non-cash reduction - - -
-----------------------------------------------
Balance at June 30, 2007 $ 65,023 $ 2,211 $ 67,234
-----------------------------------------------
7
CHICAGO RIVET & MACHINE CO.
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(Unaudited)
7. Segment Information -- The Company operates in two business segments as
determined by its products. The fastener segment includes rivets, cold-formed
fasteners and screw machine products. The assembly equipment segment includes
automatic rivet setting machines, parts and tools for such machines and the
leasing of automatic rivet setting machines. Information by segment is as
follows:
Assembly
Fastener Equipment Other Consolidated
-------------- --------------- ----------- ---------------
Three Months Ended June 30, 2007:
Net sales and lease revenue $ 8,860,781 $ 1,269,539 $ 10,130,320
Depreciation 236,859 21,190 23,616 281,665
Segment profit 932,507 306,315 1,238,822
Selling and administrative expenses (533,727) (533,727)
Plant closing expenses (2,722) (2,722)
Interest income 73,026 73,026
---------------
Income before income taxes 775,399
---------------
Capital expenditures 159,388 22,507 181,895
Segment assets:
Accounts receivable, net 6,057,791 591,677 6,649,468
Inventories 4,245,827 1,627,271 5,873,098
Property, plant and equipment, net 7,546,091 1,162,665 894,975 9,603,731
Other assets 6,497,676 6,497,676
---------------
28,623,973
---------------
Three Months Ended June 30, 2006:
Net sales and lease revenue $ 9,529,364 $ 1,528,002 $ 11,057,366
Depreciation 361,486 25,377 22,370 409,233
Segment profit 1,201,970 402,778 1,604,748
Selling and administrative expenses (559,775) (559,775)
Plant closing expenses (400,401) (400,401)
Interest income 53,954 53,954
---------------
Income before income taxes 698,526
---------------
Capital expenditures 858,459 - 14,543 873,002
Segment assets:
Accounts receivable, net 6,552,671 711,440 7,264,111
Inventories 4,185,252 1,609,565 5,794,817
Property, plant and equipment, net 8,004,727 1,232,870 925,703 10,163,300
Other assets 5,529,551 5,529,551
---------------
28,751,779
---------------
8
CHICAGO RIVET & MACHINE CO.
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(Unaudited)
Assembly
Fastener Equipment Other Consolidated
-------------- -------------- ------------ ---------------
Six Months Ended June 30, 2007:
Net sales and lease revenue $ 17,586,152 $ 2,491,744 $ 20,077,896
Depreciation 472,757 42,259 47,232 562,248
Segment profit 1,658,976 541,412 2,200,388
Selling and administrative expenses (1,091,378) (1,091,378)
Plant closing expenses (20,796) (20,796)
Interest income 147,457 147,457
---------------
Income before income taxes 1,235,671
---------------
Capital expenditures 319,006 22,507 341,513
Six Months Ended June 30, 2006:
Net sales and lease revenue $ 18,710,087 $ 3,288,230 $ 21,998,317
Depreciation 722,716 50,754 43,940 817,410
Segment profit 1,850,105 853,550 2,703,655
Selling and administrative expenses (1,128,362) (1,128,362)
Plant closing expenses (400,401) (400,401)
Interest income 109,918 109,918
---------------
Income before income taxes 1,284,810
---------------
Capital expenditures 920,829 14,543 935,372
9
CHICAGO RIVET & MACHINE CO.
Item 2. Management's Discussion and Analysis of Financial Condition and Results
of Operations.
Results for the second quarter of 2007, as well as the current year to
date, continued to be dampened by the decline in domestic automotive sales
compared to the year earlier period. For the quarter, sales declined $927,046,
bringing the year to date decline to $1,920,421. Although the decline in sales
volume is significant, net income in the current quarter actually improved from
$468,526 in 2006 to $523,399 in 2007, primarily due to plant closing expenses of
$400,401 recorded in the prior year. Net income for the first six months of 2007
amounted to $833,671 compared to $857,810 in 2006.
Within the fastener segment, second quarter revenues declined from
$9,529,364 in 2006 to $8,860,781 in 2007, or 7%. Partially offsetting the
decline in sales during the quarter was the reduction of certain expenses.
Segment depreciation in the current year is $125,000 lower than last year as
certain equipment became fully depreciated in 2006. Expediting and rejection
expenses declined $45,000 during the quarter due in part to investments in
inspection equipment made since last year. Outside machining declined $187,000,
due to a change in product mix and the performance of certain procedures
in-house that were formerly outsourced. Additionally, the transfer of production
activities from Jefferson, Iowa to Tyrone, Pennsylvania in the second half of
2006 resulted in further expense reductions as certain costs were eliminated.
The net reduction in other expenses during the second quarter of 2007 was
consistent with the lower level of production activity, resulting in a gross
margin of approximately $1,742,000 compared to $2,085,000 in the year earlier
quarter.
For the first half of the year, fastener segment revenues have declined by
$1,123,935, or 6%, from $18,710,087 to $17,586,152. Similar to the second
quarter results, year to date fastener segment results reflect reductions in
depreciation of $250,000, expediting and rejection expenses of $128,000 and
outside machining of $329,000. Gross margins for the first six months of 2007
were $3,260,000 compared to $3,591,000 for the first half of 2006.
Revenues within the assembly equipment segment totaled $1,269,539 in the
second quarter of 2007, a decline of $258,463, or 17%, compared to the second
quarter of 2006, when revenues were $1,528,002. Demand for our products in this
segment continues to show weakness. While manufacturing costs declined due to
the lower level of production activity, the reduction was not sufficient to
offset the lower volume, resulting in a $115,000 decline in gross margin, to
$478,000, compared to the second quarter of 2007. For the first six months of
2007, revenues in this segment amounted to $2,491,744, a decline of $796,486, or
24%, compared to the first six months of 2006. For the current year to date, the
reduction in production related expenses could not keep pace with the decline in
revenues, resulting in a gross margin of approximately $891,000 compared to
$1,242,000 last year.
Selling and administrative expenses for the second quarter of 2007 were
$116,515 lower than during the second quarter of 2006. Legal fees were $23,000
lower in the quarter primarily due to services performed in 2006 related to the
Jefferson plant closing. Salaries and wages declined $16,000 during the second
quarter due to reduced headcount. Profit sharing expense declined $43,000 as a
result of lower profits in the current year after taking the plant closing
expenses into consideration. The remaining net decrease relates to various
items. On a year to date basis, selling and administrative expenses declined
$217,972 compared to the first six months of 2006. The largest components of the
year to date decline, for the reasons stated above, are salaries and wages,
which declined by $61,000 and profit sharing expense which declined by $54,000.
Additionally, legal fees and various other expense items account for the
remaining reduction.
Second quarter and year to date 2007 results also include $2,722 and
$20,796, respectively, for expenses related to the previously disclosed
Jefferson, Iowa plant closing. The second quarter of 2006 included the initial
charge for the plant closing in the amount of $400,401. Further expenses related
to the closing are not expected to be material.
Working capital at June 30, 2007 amounted to $15.9 million, an increase of
$.7 million from the beginning of the year. Holdings in cash, cash equivalents
and certificates of deposit at the end of the second quarter were approximately
equal to the beginning of year balance at $5.8 million. Accounts receivable
balances have increased by $.7 million this year, due to sales at the end of the
second quarter being greater than near the end of the year. The increase in
inventory, year to date, is offset by a like increase in accounts payable.
Lastly, accrued plant closing expenses have declined by approximately $150,000
since the beginning of the year as obligations related to the Jefferson, Iowa
plant closing have been settled.
10
The Company has a $1.0 million line of credit, which expires May 31, 2008.
This line of credit remains unused. Management believes that current cash, cash
equivalents, operating cash flow and the available line of credit will provide
adequate working capital for the foreseeable future.
The decline in revenues in the second quarter and year to date reflects
the reduced level of production activity in our primary markets. Fastener
segment sales in the second quarter trailed the year earlier period, marking the
fourth straight quarterly decline, primarily due to the drop in domestic
automotive production. While the consolidation of our Jefferson plant activities
is yielding positive results, these improvements are masked by the overall
decline in sales in 2007. The equipment segment, while not as reliant on the
automotive sector for revenues, has been hurt by the overall decline in domestic
manufacturing activity. While our challenges remain numerous, we will continue
to make adjustments to our activities in response to these difficult market
conditions while continuing to produce products with unsurpassed quality and
excellent customer service that make us a favored choice in the marketplace.
This discussion contains certain "forward-looking statements" which are
inherently subject to risks and uncertainties that may cause actual events to
differ materially from those discussed herein. Factors which may cause such
differences in events include, those disclosed under "Risk Factors" in our
Annual Report on Form 10-K and in the other filings we make with the United
States Securities and Exchange Commission. These factors, include among other
things: conditions in the domestic automotive industry, upon which we rely for
sales revenue, the intense competition in our markets, the concentration of our
sales to two major customers, the price and availability of raw materials, labor
relations issues, losses related to product liability, warranty and recall
claims, costs relating to environmental laws and regulations, the loss of the
services of our key employees and difficulties in achieving expected cost
savings. Many of these factors are beyond our ability to control or predict.
Readers are cautioned not to place undue reliance on these forward-looking
statements. We undertake no obligation to publish revised forward-looking
statements to reflect events or circumstances after the date hereof or to
reflect the occurrence of unanticipated events.
11
CHICAGO RIVET & MACHINE CO.
Item 4. Controls and Procedures.
(a) Disclosure Controls and Procedures. The Company's management, with the
participation of the Company's Chief Executive Officer and Chief Financial
Officer, has evaluated the effectiveness of the Company's disclosure controls
and procedures (as such term is defined in Rules 13a-15(e) and 15d-15(e) under
the Securities Exchange Act of 1934, as amended (the "Exchange Act")) as of the
end of the period covered by this report. Based on such evaluation, the
Company's Chief Executive Officer and Chief Financial Officer have concluded
that, as of the end of such period, the Company's disclosure controls and
procedures are effective in recording, processing, summarizing and reporting, on
a timely basis, information required to be disclosed by the Company in the
reports that it files or submits under the Exchange Act.
(b) Internal Control Over Financial Reporting. There have not been any
changes in the Company's internal control over financial reporting (as such term
is defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) during the
fiscal quarter to which this report relates that have materially affected, or
are reasonably likely to materially affect, the Company's internal control over
financial reporting.
12
PART II -- OTHER INFORMATION
Item 4. Submission of Matters to a Vote of Security Holders
The Company's Annual Meeting of Stockholders was held on May 8, 2007. The
only proposal voted upon was the election of nine directors for a term ending at
the Annual Meeting in 2008. The nine persons nominated by the Company's Board of
Directors received the following votes and were elected:
NAME VOTES FOR VOTES WITHHELD
---- --------- --------------
Michael J. Bourg 785,873 139,183
Edward L. Chott 785,572 139,403
Kent H. Cooney 785,423 139,403
Nirendu Dhar 785,759 139,303
William T. Divane, Jr. 787,255 138,568
George P. Lynch 785,291 139,653
John R. Madden 787,309 138,593
John A. Morrissey 787,166 138,588
Walter W. Morrissey 787,160 138,593
Item 6. Exhibits
31 Rule 13a-14(a) or 15d-14(a) Certifications
31.1 Certification Pursuant to Rule 13a-14(a) or 15d-14(a), as Adopted Pursuant to Section 302
of the Sarbanes-Oxley Act of 2002.
31.2 Certification Pursuant to Rule 13a-14(a) or 15d-14(a), as Adopted Pursuant to
Section 302 of the Sarbanes-Oxley Act of 2002.
32 Section 1350 Certifications
32.1 Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906
of the Sarbanes-Oxley Act of 2002.
32.2 Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906
of the Sarbanes-Oxley Act of 2002.
13
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.
CHICAGO RIVET & MACHINE CO.
-----------------------------------
(Registrant)
Date: August 13, 2007
/s/ John A. Morrissey
-----------------------------------
John A. Morrissey
Chairman of the Board of Directors
and Chief Executive Officer
Date: August 13, 2007
/s/ Michael J. Bourg
-----------------------------------
Michael J. Bourg
President, Chief Operating
Officer and Treasurer
(Principal Financial Officer)
14
CHICAGO RIVET & MACHINE CO.
EXHIBITS
INDEX TO EXHIBITS
Exhibit
Number Page
----
31 Rule 13a-14(a) or 15d-14(a) Certifications
31.1 Certification Pursuant to Rule 13a-14(a) or 15d-14(a), as
Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 16
31.2 Certification Pursuant to Rule 13a-14(a) or 15d-14(a), as
Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 17
32 Section 1350 Certifications
32.1 Certification Pursuant to 18 U.S.C. Section 1350, as
Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 18
32.2 Certification Pursuant to 18 U.S.C. Section 1350, as
Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 19
15