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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): July 9, 2008
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))
(1)
ITEM 7.01. REGULATION FD DISCLOSURE.
On July 9, 2008, Acme United Corporation (the "Company") issued a press release
providing an update to its business outlook for the period ended June 30, 2008.
A copy of the press release is attached as Exhibit 99.1 to this current report.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits
Exhibit Number Description
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99.1 Press release dated July 9, 2008.
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
Chairman and
Chief Executive Officer
Dated: July 9, 2008
By /s/ PAUL G. DRISCOLL
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Paul G. Driscoll
Vice President and
Chief Financial Officer
Dated: July 9, 2008
(2)
EXHIBIT INDEX
Exhibit Number Description
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99.1 Press release dated July 9, 2008.
(3)
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 July 9, 2008
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ACME UNITED CORPORATION PROVIDES UPDATE
FAIRFIELD, CONN. - July 9, 2008 - Acme United Corporation (AMEX:ACU)
announced today that its sales and earnings for the second quarter ending June
30, 2008 will have meaningful growth.
Walter C. Johnsen, Chairman and CEO said, "We are experiencing a strong
back to school period. Sales of our anti-microbial school scissors, rulers and
math kits are excellent. Our Westcott office and craft cutting and measuring
products are ahead of last year, The Clauss product line has continued to make
inroads in the industrial and hardware channels. Sales of our Physicians Care
first aid kits and medications are doing well.
"Gross margins are under some pressure due to rising costs in raw
materials, labor, and transportation," Mr. Johnsen said. He added that careful
control of expenses and growth of revenues are expected to provide solid
earnings in the quarter.
Mr. Johnsen also stated that he views this as a time of outstanding
opportunity for Acme United. The Company has recently expanded its credit line,
lowered its borrowing rate, and is positioned to take advantage of complementary
acquisitions of product lines or companies.
ACME UNITED CORPORATION is a leading worldwide supplier of innovative
cutting, measuring and safety products to the school, home, office and
industrial markets.
Forward-looking statements in this earnings release, included without
limitation, statements related to the Company's plans, strategies, objectives,
expectations, intentions and adequacy of resources. Investors are cautioned that
such forward-looking statements involve risks and uncertainties including
without limitation the following: (i) the Company's plans, strategies,
objectives, expectations and intentions are subject to change at any time at the
discretion of the Company; (ii) the Company's plans and results of operations
will be affected by the Company's ability to manage its growth, and (iii) other
risks and uncertainties indicated from time to time in the Company's filings
with the Securities and Exchange Commission.
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