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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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): November 15, 2006
ACME UNITED CORPORATION
(Exact name of registrant as specified in its charter)
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Connecticut 001-07698 06-0236700
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) file number) Identification No.)
60 Round Hill Road, Fairfield, Connecticut 06824
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (203) 254-6060
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))
ITEM 5.02. Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers
On November 15, 2006 Acme United Corporation announced senior management
promotions as described in a press release issued the same day. A copy of the
press release is attached as Exhibit 99.1 to this current report.
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 hereunto duly authorized.
ACME UNITED CORPORATION
By /s/ WALTER C. JOHNSEN
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Walter C. Johnsen
President and
Chief Executive Officer
Dated: November 15, 2006
By /s/ PAUL G. DRISCOLL
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Paul G. Driscoll
Vice President and
Chief Financial Officer
Dated: November 15, 2006
EXHIBIT 99.1
ACME UNITED CORPORATION NEWS RELEASE
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CONTACT: Paul G. Driscoll
Acme United Corporation
60 Round Hill Road Fairfield, CT 06824
Phone: (203) 254-6060 FAX: (203) 254-6521
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FOR IMMEDIATE RELEASE November 15, 2006
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ACME UNITED CORPORATION ANNOUNCES PROMOTIONS
FAIRFIELD, CONN. - November 15, 2006 - Acme United Corporation
(AMEX:ACU) today announced that Walter C. Johnsen, the President and Chief
Executive Officer of the Company since 1995, has been elected Chairman of the
Board effective January 1, 2007. Gary D. Penisten, the current Chairman will
become Chairman Emeritus at the same time. He has served as Chairman since 1996.
Brian S. Olschan has been promoted to President and Chief Operating
Officer effective January 1, 2007. He joined the Company in 1996 and has served
as Executive Vice President and Chief Operating Officer since 1999.
Each of the three individuals is a member of the Board of Directors of
the Company. All three will stand for re-election to the Board at the annual
meeting of shareholders to be held in April 2007.
Mr. Penisten stated that, "Under our senior management team, during the
past five years Acme United's sales almost doubled. Net income has more than
tripled and the stock price has increased nearly five times. Innovation has been
accelerated. Products introduced in the last 36 months, including Titanium
Bonded scissors and paper trimmers and iPoint pencil sharpeners, account for
approximately 30% of revenues. We believe Acme United is well poised for future
growth." Mr. Penisten further stated that "The promotions of senior management
announced today reflect these accomplishments."
ACME UNITED CORPORATION is a specialized supplier of cutting devices,
measuring instruments, and safety products for school, home, office, and
industrial use.