Form 10-Q
Table of Contents

 

 

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, 2012

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 000-01227

 

 

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 has submitted electronically and posted on its corporate website, if any, every interactive data file required to be submitted and posted pursuant to Rule 405 of Regulation S-T (section 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).     Yes  x     No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer”, “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

 

Large accelerated filer   ¨    Accelerated filer   ¨
Non-accelerated filer   ¨  (Do not check if a smaller reporting company)    Smaller reporting company   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, 2012, there were 966,132 shares of the registrant’s common stock outstanding.

 

 

 


Table of Contents

CHICAGO RIVET & MACHINE CO.

INDEX

 

         Page  
PART I. FINANCIAL INFORMATION (Unaudited)   
 

Condensed Consolidated Balance Sheets at June 30, 2012 and December 31, 2011

     2-3   
 

Condensed Consolidated Statements of Operations for the Three and Six Months Ended June 30, 2012 and 2011

     4   
 

Condensed Consolidated Statements of Retained Earnings for the Six Months Ended June 30, 2012 and 2011

     5   
 

Condensed Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2012 and 2011

     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   

 

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Table of Contents

Item 1. Financial Statements.

CHICAGO RIVET & MACHINE CO.

Condensed Consolidated Balance Sheets

June 30, 2012 and December 31, 2011

 

     June 30,      December 31,  
     2012      2011  
     (Unaudited)         
Assets      

Current Assets:

     

Cash and cash equivalents

   $ 602,336       $ 704,345   

Certificates of deposit

     6,187,000         5,880,000   

Accounts receivable, net of allowance of $140,000

     5,420,892         4,398,426   

Inventories, net

     5,227,478         5,212,040   

Deferred income taxes

     419,191         420,191   

Other current assets

     245,378         347,737   
  

 

 

    

 

 

 

Total current assets

     18,102,275         16,962,739   
  

 

 

    

 

 

 

Property, Plant and Equipment:

     

Land and improvements

     1,238,150         1,238,150   

Buildings and improvements

     6,188,535         6,169,545   

Production equipment and other

     29,200,274         28,785,896   
  

 

 

    

 

 

 
     36,626,959         36,193,591   

Less accumulated depreciation

     28,710,314         28,298,066   
  

 

 

    

 

 

 

Net property, plant and equipment

     7,916,645         7,895,525   
  

 

 

    

 

 

 

Total assets

   $ 26,018,920       $ 24,858,264   
  

 

 

    

 

 

 

See Notes to the Condensed Consolidated Financial Statements

 

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CHICAGO RIVET & MACHINE CO.

Condensed Consolidated Balance Sheets

June 30, 2012 and December 31, 2011

 

     June 30,     December 31,  
     2012     2011  
     (Unaudited)        

Liabilities and Shareholders’ Equity

    

Current Liabilities:

    

Accounts payable

   $ 1,349,036      $ 968,266   

Accrued wages and salaries

     694,337        374,964   

Other accrued expenses

     399,270        453,594   

Unearned revenue and customer deposits

     49,162        151,652   
  

 

 

   

 

 

 

Total current liabilities

     2,491,805        1,948,476   

Deferred income taxes

     758,275        785,275   
  

 

 

   

 

 

 

Total liabilities

     3,250,080        2,733,751   
  

 

 

   

 

 

 

Commitments and contingencies (Note 3)

    

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; 966,132 shares outstanding

     1,138,096        1,138,096   

Additional paid-in capital

     447,134        447,134   

Retained earnings

     25,105,708        24,461,381   

Treasury stock, 171,964 shares at cost

     (3,922,098     (3,922,098
  

 

 

   

 

 

 

Total shareholders’ equity

     22,768,840        22,124,513   
  

 

 

   

 

 

 

Total liabilities and shareholders’ equity

   $ 26,018,920      $ 24,858,264   
  

 

 

   

 

 

 

See Notes to the Condensed Consolidated Financial Statements

 

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CHICAGO RIVET & MACHINE CO.

Condensed Consolidated Statements of Operations

For the Three and Six Months Ended June 30, 2012 and 2011

(Unaudited)

 

     Three Months Ended      Six Months Ended  
     June 30,      June 30,  
     2012      2011      2012      2011  

Net sales

   $ 8,429,201       $ 8,134,104       $ 17,629,519       $ 15,948,472   

Cost of goods sold

     6,533,152         6,205,420         13,655,181         12,575,280   
  

 

 

    

 

 

    

 

 

    

 

 

 

Gross profit

     1,896,049         1,928,684         3,974,338         3,373,192   

Selling and administrative expenses

     1,280,038         1,258,503         2,671,636         2,543,508   
  

 

 

    

 

 

    

 

 

    

 

 

 

Operating profit

     616,011         670,181         1,302,702         829,684   

Other income and expenses:

           

Interest income

     7,833         11,089         16,685         23,018   

Gain from disposal of property and equipment

     27,500         187,073         57,500         189,063   

Other income

     4,088         4,178         8,279         7,778   
  

 

 

    

 

 

    

 

 

    

 

 

 

Income before provision for income taxes

     655,432         872,521         1,385,166         1,049,543   

Provision for income taxes

     215,000         285,000         451,000         345,000   
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income

   $ 440,432       $ 587,521       $ 934,166       $ 704,543   
  

 

 

    

 

 

    

 

 

    

 

 

 

Average common shares outstanding

     966,132         966,132         966,132         966,132   
  

 

 

    

 

 

    

 

 

    

 

 

 

Per share data:

           

Net income per share

   $ 0.46       $ 0.61       $ 0.97       $ 0.73   
  

 

 

    

 

 

    

 

 

    

 

 

 

Cash dividends declared per share

   $ 0.15       $ 0.12       $ 0.30       $ 0.24   
  

 

 

    

 

 

    

 

 

    

 

 

 

See Notes to the Condensed Consolidated Financial Statements

 

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CHICAGO RIVET & MACHINE CO.

Condensed Consolidated Statements of Retained Earnings

For the Six Months Ended June 30, 2012 and 2011

(Unaudited)

 

     2012     2011  

Retained earnings at beginning of period

   $ 24,461,381      $ 23,699,232   

Net income for the period

     934,166        704,543   

Cash dividends declared in the period; $.30 per share in 2012 and $.24 per share in 2011

     (289,839     (231,872
  

 

 

   

 

 

 

Retained earnings at end of period

   $ 25,105,708      $ 24,171,903   
  

 

 

   

 

 

 

See Notes to the Condensed Consolidated Financial Statements

 

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CHICAGO RIVET & MACHINE CO.

Condensed Consolidated Statements of Cash Flows

For the Six Months Ended June 30, 2012 and 2011

(Unaudited)

 

     2012     2011  

Cash flows from operating activities:

    

Net income

   $ 934,166      $ 704,543   

Adjustments to reconcile net income to net cash provided by (used in) operating activities:

    

Depreciation

     492,286        481,542   

Net gain on disposal of property and equipment

     (57,500     (189,063

Deferred income taxes

     (26,000     (54,000

Changes in operating assets and liabilities:

    

Accounts receivable, net

     (1,022,466     (1,029,393

Inventories, net

     (15,438     (585,583

Other current assets

     102,359        61,831   

Accounts payable

     300,212        193,225   

Accrued wages and salaries

     319,373        213,577   

Other accrued expenses

     (54,324     56,397   

Unearned revenue and customer deposits

     (102,490     10,044   
  

 

 

   

 

 

 

Net cash provided by (used in) operating activities

     870,178        (136,880
  

 

 

   

 

 

 

Cash flows from investing activities:

    

Capital expenditures

     (432,848     (663,775

Proceeds from the sale of property and equipment

     57,500        412,390   

Proceeds from certificates of deposit

     2,244,000        2,155,000   

Purchases of certificates of deposit

     (2,551,000     (995,000
  

 

 

   

 

 

 

Net cash (used in) provided by investing activities

     (682,348     908,615   
  

 

 

   

 

 

 

Cash flows from financing activities:

    

Cash dividends paid

     (289,839     (231,872
  

 

 

   

 

 

 

Net cash used in financing activities

     (289,839     (231,872
  

 

 

   

 

 

 

Net (decrease) increase in cash and cash equivalents

     (102,009     539,863   

Cash and cash equivalents at beginning of period

     704,345        725,524   
  

 

 

   

 

 

 

Cash and cash equivalents at end of period

   $ 602,336      $ 1,265,387   
  

 

 

   

 

 

 

Supplemental schedule of non-cash investing activities:

    

Capital expenditures in accounts payable

   $ 80,558      $ 66,496   

See Notes to the Condensed Consolidated Financial Statements

 

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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, 2012 (unaudited) and December 31, 2011 (audited) and the results of operations and changes in cash flows for the indicated periods. Certain information and note disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted from these unaudited financial statements in accordance with applicable rules. Please refer to the financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2011.

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. The results of operations for the three and six-month period ending June 30, 2012 are not necessarily indicative of the results to be expected for the year.

2. 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.

3. 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.

4. The Company’s effective tax rates were approximately 32.8% and 32.7% for the second quarter of 2012 and 2011, respectively, and 32.6% and 32.9% for the six months ended June 30, 2012 and 2011, respectively. Rates were lower than the U.S. federal statutory rate primarily due to the Domestic Production Activities Deduction allowed under Internal Revenue Code Section 199.

The Company’s federal income tax returns for the 2009, 2010 and 2011 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. No statutes have been extended on any of the Company’s federal income tax filings. The statute of limitations on the Company’s 2009, 2010 and 2011 federal income tax returns will expire on September 15, 2013, 2014 and 2015, respectively.

The Company’s state income tax returns for the 2009 through 2011 tax years remain subject to examination by various state authorities with the latest closing period on October 31, 2015. The Company is not currently under examination by any state authority for income tax purposes and no statutes for state income tax filings have been extended.

5. Inventories are stated at the lower of cost or net realizable value, cost being determined by the first-in, first-out method. A summary of inventories is as follows:

 

     June 30, 2012     December 31, 2011  

Raw material

   $ 1,969,458      $ 2,016,032   

Work-in-process

     1,965,002        1,984,368   

Finished goods

     1,868,018        1,760,640   
  

 

 

   

 

 

 

Inventory, Gross

     5,802,478        5,761,040   

Less: Valuation reserves

     (575,000     (549,000
  

 

 

   

 

 

 

Inventory, Net

   $ 5,227,478      $ 5,212,040   
  

 

 

   

 

 

 

 

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CHICAGO RIVET & MACHINE CO.

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

 

6. 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 and parts and tools for such machines. Information by segment is as follows:

 

            Assembly               
     Fastener      Equipment      Other     Consolidated  

Three Months Ended June 30, 2012:

          

Net sales

   $ 7,605,981       $ 823,220       $ —        $ 8,429,201   

Depreciation

     216,207         14,125         17,958        248,290   

Segment profit

     882,371         231,433         —          1,113,804   

Selling and administrative expenses

     —           —           (493,705     (493,705

Gain from the disposal of property and equipment

     —           —           27,500        27,500   

Interest income

     —           —           7,833        7,833   
          

 

 

 

Income before income taxes

           $ 655,432   
          

 

 

 

Capital expenditures

     269,281         68,203         39,157        376,641   

Segment assets:

          

Accounts receivable, net

     5,055,675         365,217         —          5,420,892   

Inventories, net

     4,430,149         797,329         —          5,227,478   

Property, plant and equipment, net

     6,131,318         1,137,267         648,060        7,916,645   

Other assets

     —           —           7,453,905        7,453,905   
          

 

 

 
           $ 26,018,920   
          

 

 

 

Three Months Ended June 30, 2011:

          

Net sales

   $ 7,307,006       $ 827,098       $ —        $ 8,134,104   

Depreciation

     204,001         15,877         18,420        238,298   

Segment profit

     953,663         201,022         —          1,154,685   

Selling and administrative expenses

     —           —           (480,326     (480,326

Gain from the disposal of property and equipment

     —           —           187,073        187,073   

Interest income

     —           —           11,089        11,089   
          

 

 

 

Income before income taxes

           $ 872,521   
          

 

 

 

Capital expenditures

     395,976         30,015         —          425,991   

Segment assets:

          

Accounts receivable, net

     4,629,002         417,472         —          5,046,474   

Inventories, net

     4,063,062         832,675         —          4,895,737   

Property, plant and equipment, net

     5,695,327         1,128,005         680,948        7,504,280   

Other assets

     —           —           7,164,764        7,164,764   
          

 

 

 
           $ 24,611,255   
          

 

 

 

 

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CHICAGO RIVET & MACHINE CO.

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

 

            Assembly               
     Fastener      Equipment      Other     Consolidated  

Six Months Ended June 30, 2012:

          

Net sales

   $ 15,940,101       $ 1,689,418       $ —        $ 17,629,519   

Depreciation

     428,121         28,250         35,915        492,286   

Segment profit

     1,932,807         432,765         —          2,365,572   

Selling and administrative expenses

     —           —           (1,054,591     (1,054,591

Gain from the disposal of property and equipment

     —           —           57,500        57,500   

Interest income

     —           —           16,685        16,685   
          

 

 

 

Income before income taxes

           $ 1,385,166   
          

 

 

 

Capital expenditures

     406,046         68,203         39,157        513,406   

Six Months Ended June 30, 2011:

          

Net sales

   $ 14,416,661       $ 1,531,811       $ —        $ 15,948,472   

Depreciation

     412,948         31,754         36,840        481,542   

Segment profit

     1,517,829         312,777         —          1,830,606   

Selling and administrative expenses

     —           —           (993,144     (993,144

Gain from the disposal of property and equipment

     —           —           189,063        189,063   

Interest income

     —           —           23,018        23,018   
          

 

 

 

Income before income taxes

           $ 1,049,543   
          

 

 

 

Capital expenditures

     631,277         61,265         37,729        730,271   

 

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CHICAGO RIVET & MACHINE CO.

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

Revenues for the second quarter of 2012, as well as for the current year to date, reflect continued growth compared to the year earlier periods. Net sales for the second quarter of 2012 were $8,429,201, an increase of $295,097, or 3.6%, compared with the year earlier quarter. For the first half of 2012, net sales totaled $17,629,519, an improvement of $1,681,047, or 10.5%, compared with the first half of 2011. The increase in sales reflects the continued improvement in our operations, as well as an increase in U.S. automotive production, upon which we rely for the majority of our revenue. Net income for the second quarter of 2012 was $440,432, or $0.46 per share, compared with $587,521, or $0.61 per share, in the second quarter of 2011. The decline was primarily due to certain gains reported in the second quarter of 2011. Net income for the first half of 2012 increased to $934,166, or $0.97 per share, compared with $704,543, or $0.73 per share, reported in 2011.

Fastener segment revenues for the second quarter of 2012 improved 4.1% to $7,605,981, from the $7,307,006 reported in the second quarter of 2011. This marks the eleventh consecutive quarter of increased sales for the fastener segment compared with the year earlier quarter. With the majority of such revenues derived from the automotive industry, the segment has benefited from increased production and sales of domestic autos and trucks during the current year. For the first six months of the year, fastener segment revenues were $15,940,101, an increase of $1,523,440, or 10.6%, compared to the first half of 2011. While recent increases in raw material prices eased somewhat in the second quarter, higher labor, supplies and repair expenses offset the increase in sales during the second quarter, resulting in a fastener segment gross margin of $1,576,126 compared to $1,640,684 in the second quarter of 2011. For the first six months of 2012, fastener segment gross margin has improved to $3,369,087, from $2,887,645 a year earlier, as the growth in sales has more than offset increases in costs of sales.

Assembly equipment segment revenues were $823,220 in the second quarter of 2012, a decline of less than 1% compared to the second quarter of 2011, when revenues were $827,098. However, the strong results reported in the first quarter have resulted in a 10.3% overall increase in assembly equipment segment sales, to $1,689,418, for the first half of 2012 compared to the $1,531,811 reported for the first half of 2011. By reducing certain manufacturing overhead items from year earlier levels, segment gross margin improved in the second quarter compared to last year by approximately $32,000. For the first half of the year, the increase in sales and overhead reductions combined to improve the assembly equipment segment gross margin by approximately $120,000 compared to the first half of 2011.

Selling and administrative expenses for the second quarter of 2012 were $1,280,038, an increase of $21,535, or 1.7%, compared with the year earlier quarter. The increase is primarily related to higher payroll and related expenses. For the first six months of the year, selling and administrative expenses have increased $128,128, from $2,543,508 in 2011 to $2,671,636 in 2012. Payroll and related expenses account for approximately $48,000 of the increase while profit sharing expense has increased by $41,000 due to improved profitability, compared to last year. The remaining net increase includes $29,000 related to computer system upgrades, and various smaller items. Selling and administrative expenses as a percentage of net sales for the first half of 2012 declined to 15.2%, from 15.9% in 2011.

Gains from the disposal of property and equipment were $27,500 in the second quarter of 2012 and $57,500 for the current year to date, compared to $187,073 and $189,063 for the respective periods of 2011. Included in the second quarter of 2011 and the first six months of that year was a gain of approximately $142,000 from the sale of our Jefferson, Iowa property.

Working capital at June 30, 2012 amounted to $15.6 million, an increase of approximately $.6 million from the beginning of the year. Most of the net increase is due to a $1 million greater accounts receivable balance, related to the increase in sales during the quarter, compared to the seasonally lower sales late in the fourth quarter of 2011. Partially offsetting this change are increases in accounts payable of approximately $.4 million and accrued payroll of $.3 million that reflect the increased level of operations. The net result of these changes and other cash flow items on cash, cash equivalents and certificates of deposit was a $.2 million increase in such total balances from the beginning of the year, to $6.8 million. Management believes that current cash, cash equivalents and operating cash flow will provide adequate working capital for the foreseeable future.

We are pleased to report improved sales in both the second quarter and the current year to date. While net income in the second quarter declined compared to the prior year quarter, primarily due to the larger gains reported in 2011, net income for the first half of 2012 has improved 32.6% over 2011. The recovery in the domestic economy remains weak, due in part to high unemployment and low consumer confidence. Most published reports see little

 

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improvement in the near term in that regard, although projections for domestic automotive sales remain well ahead of last year’s totals, which is a positive factor for us. We are cautious in our outlook due to factors over which we have little influence, but by having maintained a sound financial condition in this challenging environment, we will be able to continue to invest in our business and pursue opportunities to improve our operations and bottom line. We will make adjustments to our activities which we feel are necessary based on conditions in our markets, while maintaining the high level of quality and reliability of service our customers demand.

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.

 

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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 President, Chief Operating Officer and Treasurer (the Company’s principal 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 President, Chief Operating Officer and Treasurer 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.

 

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PART II — OTHER INFORMATION

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.

 

  101 Interactive Data File. Includes the following financial and related information from Chicago Rivet & Machine Co.’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2012 formatted in Extensible Business Reporting Language (XBRL): (1) Condensed Consolidated Balance Sheets, (2) Condensed Consolidated Statements of Operations, (3) Condensed Consolidated Statements of Retained Earnings, (4) Condensed Consolidated Statements of Cash Flows, and (5) Notes to Condensed Consolidated Financial Statements.*

 

* Users of this data are advised pursuant to Rule 406T of Regulation S-T that this interactive data file is deemed not filed or part of a registration statement or prospectus for purposes of sections 11 or 12 of the Securities Act of 1933, is deemed not filed for purposes of section 18 of the Securities Exchange Act of 1934, and otherwise is not subject to liability under these sections.

 

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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 10, 2012  
  /s/ John A. Morrissey
  John A. Morrissey
  Chairman of the Board of Directors and Chief Executive Officer (Principal Executive Officer)
Date: August 10, 2012  
  /s/ Michael J. Bourg
  Michael J. Bourg
 

President, Chief Operating Officer and Treasurer

(Principal Financial Officer)

 

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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
101    Interactive Data File. Includes the following financial and related information from Chicago Rivet & Machine Co.’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2012 formatted in Extensible Business Reporting Language (XBRL): (1) Condensed Consolidated Balance Sheets, (2) Condensed Consolidated Statements of Operations, (3) Condensed Consolidated Statements of Retained Earnings, (4) Condensed Consolidated Statements of Cash Flows, and (5) Notes to Condensed Consolidated Financial Statements.*   

 

* Users of this data are advised pursuant to Rule 406T of Regulation S-T that this interactive data file is deemed not filed or part of a registration statement or prospectus for purposes of sections 11 or 12 of the Securities Act of 1933, is deemed not filed for purposes of section 18 of the Securities Exchange Act of 1934, and otherwise is not subject to liability under these sections.

 

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