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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): August 3, 2007
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 1.01. Entry into a material definitive agreement.
On July 30, 2007, the Compensation Committee of the Board of Directors awarded
cash bonuses to officers and other members of the Company's management. These
bonuses constitute a portion of the annual cash bonuses which the Compensation
Committee estimates will be payable to such persons for services rendered during
fiscal 2007. The Company will pay the cash bonuses during the month of August
2007. The cash bonuses awarded to the Company's Chairman and Chief Executive
Officer and the three other most highly paid executive officers are as follows:
Walter Johnsen, Chairman and Chief Executive Officer, $75,000; Brian Olschan,
President and Chief Operating Officer, $75,000; Paul Driscoll, Vice President
and Chief Financial Officer, $55,000; and James Benkovic, Vice President of
Sales, $40,000.
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: August 3, 2007
By /s/ PAUL G. DRISCOLL
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Paul G. Driscoll
Vice President and
Chief Financial Officer
Dated: August 3, 2007