Form 10-Q
Table of Contents

 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
     
þ   QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended April 3, 2010
or
     
o   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 1-13970
CHROMCRAFT REVINGTON, INC.
(Exact name of registrant as specified in its charter)
     
Delaware   35-1848094
     
(State or other jurisdiction of
incorporation or organization)
  (IRS Employer Identification No.)
1330 Win Hentschel Blvd., Ste. 250, West Lafayette, IN 47906
(Address, including zip code, of registrant’s principal executive offices)
(765) 807-2640
(Registrant’s telephone number, including area code)
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 þ No o
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes o No o
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.
             
Large accelerated filer o   Accelerated filer o   Non-accelerated filer o (Do not check if a smaller
reporting company)
  Smaller reporting company þ
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes o No þ
The number of shares outstanding for each of the registrant’s classes of common stock, as of the latest practicable date:
Common Stock, $.01 par value — 6,128,769 as of April 30, 2010
 
 

 

 


 

INDEX
         
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    15  
 
       
 Exhibit 10.46
 Exhibit 31.1
 Exhibit 31.2
 Exhibit 32.1

 

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PART I. Financial Information
Item 1. Financial Statements
Condensed Consolidated Statements of Operations (unaudited)
Chromcraft Revington, Inc.
(In thousands, except per share data)
                 
    Three Months Ended  
    April 3,     April 4,  
    2010     2009  
 
               
Sales
  $ 13,907     $ 16,653  
 
               
Cost of sales
    11,201       15,571  
 
           
 
               
Gross margin
    2,706       1,082  
 
               
Selling, general and administrative expenses
    3,611       4,157  
 
           
 
               
Operating loss
    (905 )     (3,075 )
 
               
Interest expense, net
    (75 )     (77 )
 
           
 
               
Net loss
  $ (980 )   $ (3,152 )
 
           
 
               
Basic and diluted loss per share of common stock
  $ (.21 )   $ (.69 )
 
               
Shares used in computing loss per share
    4,667       4,594  
See accompanying notes to condensed consolidated financial statements.

 

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Condensed Consolidated Balance Sheets (unaudited)
Chromcraft Revington, Inc.
(In thousands)
                 
    April 3,     December 31,  
    2010     2009  
 
               
Assets
               
 
               
Cash and cash equivalents
  $ 8,108     $ 3,636  
 
               
Accounts receivable, less allowance of $450 in 2010 and 2009
    7,420       7,661  
 
               
Refundable income taxes
          6,578  
 
               
Inventories
    13,108       13,294  
 
               
Prepaid expenses and other
    1,211       990  
 
           
 
               
Current assets
    29,847       32,159  
 
               
Property, plant and equipment, net
    8,111       8,293  
 
               
Other assets
    689       667  
 
           
 
               
Total assets
  $ 38,647     $ 41,119  
 
           
 
               
Liabilities and Stockholders’ Equity
               
 
               
Accounts payable
  $ 2,807     $ 3,364  
 
               
Accrued liabilities
    2,952       3,905  
 
           
 
               
Current liabilities
    5,759       7,269  
 
               
Deferred compensation
    569       599  
 
               
Other long-term liabilities
    1,677       1,669  
 
           
 
               
Total liabilities
    8,005       9,537  
 
               
Stockholders’ equity
    30,642       31,582  
 
           
 
               
Total liabilities and stockholders’ equity
  $ 38,647     $ 41,119  
 
           
See accompanying notes to condensed consolidated financial statements.

 

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Condensed Consolidated Statements of Cash Flows (unaudited)
Chromcraft Revington, Inc.
(In thousands)
                 
    Three Months Ended  
    April 3,     April 4,  
    2010     2009  
 
           
 
Operating Activities
               
Net loss
  $ (980 )   $ (3,152 )
Adjustments to reconcile net loss to net cash provided by operating activities
               
Depreciation and amortization expense
    224       263  
Non-cash share based and ESOP compensation expense
    42       47  
Provision for doubtful accounts
    12       116  
Non-cash inventory write-downs
    152       163  
Non-cash asset impairment charges
          6  
Changes in operating assets and liabilities
               
Accounts receivable
    229       3,573  
Refundable income taxes
    6,578        
Inventories
    34       5,294  
Prepaid expenses and other
    (221 )     (102 )
Accounts payable and accrued liabilities
    (1,512 )     (2,202 )
Long-term liabilities and assets
    (44 )     (73 )
 
           
 
               
Cash provided by operating activities
    4,514       3,933  
 
           
 
               
Investing Activities
               
Capital expenditures
    (42 )     (73 )
Proceeds on disposal of assets
          484  
 
           
 
               
Cash provided by (used in) investing activities
    (42 )     411  
 
           
 
               
Change in cash and cash equivalents
    4,472       4,344  
 
               
Cash and cash equivalents at beginning of the period
    3,636       879  
 
           
 
               
Cash and cash equivalents at end of the period
  $ 8,108     $ 5,223  
 
           
See accompanying notes to condensed consolidated financial statements.

 

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Condensed Consolidated Statement of Stockholders’ Equity (unaudited)
Chromcraft Revington, Inc.
Three Months Ended April 3, 2010
(In thousands, except share data)
                                                                 
                    Capital in     Unearned                             Total  
    Common Stock     Excess of     ESOP     Retained     Treasury Stock     Stockholders’  
    Shares     Amount     Par Value     Shares     Earnings     Shares     Amount     Equity  
 
                                                               
Balance at January 1, 2010
    7,947,923     $ 80     $ 17,085     $ (14,679 )   $ 50,256       (1,819,154 )   $ (21,160 )   $ 31,582  
 
                                                               
ESOP compensation expense
                (129 )     169                         40  
 
                                                               
Net loss
                            (980 )                 (980 )
 
                                               
 
                                                               
Balance at April 3, 2010
    7,947,923     $ 80     $ 16,956     $ (14,510 )   $ 49,276       (1,819,154 )   $ (21,160 )   $ 30,642  
 
                                               
See accompanying notes to condensed consolidated financial statements.

 

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Notes to Condensed Consolidated Financial Statements (unaudited)
Chromcraft Revington, Inc.
Note 1. Basis of Presentation
The accompanying unaudited condensed consolidated financial statements include the accounts of Chromcraft Revington, Inc. and its wholly-owned subsidiaries (together, the “Company”) and have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10-Q and the requirements of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statement presentation.
In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three month period ended April 3, 2010 are not necessarily indicative of the results that may be expected for the year ending December 31, 2010.
The balance sheet at December 31, 2009 has been derived from the audited financial statements at that date but does not include all information and footnotes required by generally accepted accounting principles for complete financial statements.
The interim financial statements contained in this report should be read in conjunction with the audited consolidated financial statements and footnotes thereto included in Chromcraft Revington’s annual report on Form 10-K for the year ended December 31, 2009.
The Company has made certain reclassifications to the 2009 Consolidated Financial Statements in order to conform to the 2010 presentation.
Note 2. Cash and Cash Equivalents
The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents.
Note 3. Inventories
Inventories at April 3, 2010 and December 31, 2009 consisted of the following:
                 
    (In thousands)  
    April 3,     December 31,  
    2010     2009  
Raw materials
  $ 4,156     $ 4,364  
Work-in-process
    1,012       903  
Finished goods
    7,940       8,027  
 
           
 
  $ 13,108     $ 13,294  
 
           

 

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Note 4. Property, Plant and Equipment
Property, plant and equipment at April 3, 2010 and December 31, 2009 consisted of the following:
                 
    (In thousands)  
    April 3,     December 31,  
    2010     2009  
Land
  $ 324     $ 324  
Buildings and improvements
    18,438       18,438  
Machinery and equipment
    23,071       23,069  
Leasehold improvements
    711       711  
Construction in progress
    424       384  
 
           
 
    42,968       42,926  
Less accumulated depreciation and amortization
    (34,857 )     (34,633 )
 
           
 
  $ 8,111     $ 8,293  
 
           
Construction in progress includes the capitalized costs for a new information technology system carried at net realizable value based on management’s expectation of the potential use and benefits from the system. The timing of any future expenditures on the system is uncertain and is being evaluated by management.
Note 5. Accrued Liabilities
Accrued liabilities at April 3, 2010 and December 31, 2009 consisted of the following:
                 
    (In thousands)  
    April 3,     December 31,  
    2010     2009  
Employee-related benefits
  $ 804     $ 1,043  
Property tax
    261       483  
Compensation related
    91       441  
Other accrued liabilities
    1,796       1,938  
 
           
 
  $ 2,952     $ 3,905  
 
           

 

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Note 6. Bank Debt
The Company has a revolving loan facility with a bank (“Bank Facility”) that allows it to borrow up to $30,000,000 based on eligible accounts receivable and inventories. The interest rate under the Bank Facility is determined based, at the Company’s option, on either the bank’s prime rate or the London Interbank Offered Rate (LIBOR). The Bank Facility is secured by substantially all of the assets of the Company and expires in 2012.
At April 3, 2010, the Company had approximately $7,669,000 in unused availability under the Bank Facility, which reflects a $1,000,000 reduction for a letter of credit outstanding in connection with a self-insured workers’ compensation program. Certain covenants and restrictions, including a fixed charge coverage ratio as defined in the loan agreement, will become effective if availability under the Bank Facility is less than $5,000,000. The Company did not comply with the fixed charge coverage ratio at April 3, 2010; however, the Company’s availability under the Bank Facility exceeded $5,000,000 at April 3, 2010 and, accordingly, the covenant regarding this ratio did not apply at the end of the first quarter of 2010.
Note 7. Employee Stock Ownership Plan
Chromcraft Revington sponsors the Employee Stock Ownership and Savings Plan (the “Plan”) which consists of the following two components: (i) a leveraged employee stock ownership plan qualified under Section 401(a) of the Internal Revenue Code (the “Code”) which is designed to invest primarily in Company stock (the “ESOP”); and (ii) a qualified cash or deferred arrangement under Code Section 401(k) (the “401(k) Plan”). The Plan covers substantially all employees who have completed six months of service. For the year ended December 31, 2009, the Company’s matching contribution with respect to participants’ pre-tax contributions to the 401(k) Plan was made to the ESOP. The 2010 Company matching contribution with respect to participants’ pre-tax contributions to the 401(k) Plan is expected to be made to the ESOP.
When the plan was established, Chromcraft Revington loaned $20,000,000 to the ESOP Trust to finance the ESOP’s purchase of common stock of the Company. The loan to the ESOP Trust provides for repayment to Chromcraft Revington over a 30-year term at a fixed rate of interest of 5.48% per annum. Chromcraft Revington makes annual contributions to the ESOP Trust equal to the ESOP Trust’s repayment obligation under the loan to the ESOP from the Company. The shares of common stock owned by the ESOP Trust are pledged to the Company as collateral for the Company’s loan to the ESOP Trust. As the ESOP loan is repaid, shares are released from collateral and allocated to ESOP accounts of active employees based on the proportion of total debt service paid in the year. Unearned ESOP shares are reported as a reduction of stockholders’ equity as reflected in the Consolidated Statements of Stockholders’ Equity of the Company. As shares are committed to be released, Chromcraft Revington reports compensation expense equal to the current market price of the shares, and the shares become outstanding for earnings per share computations. ESOP compensation expense, a non-cash charge, for the three months ended April 3, 2010 and April 4, 2009 was $42,000 and $41,000, respectively.

 

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ESOP shares at April 3, 2010 and December 31, 2009, respectively, consisted of the following:
                 
    (In thousands)  
    April 3,     December 31,  
    2010     2009  
Allocated shares
    255       240  
Unearned ESOP shares
    1,451       1,468  
 
           
Total ESOP shares
    1,706       1,708  
 
           
Unearned ESOP shares, at cost
  $ 14,510     $ 14,679  
 
           
Fair value of unearned ESOP shares
  $ 3,627     $ 3,347  
 
           
Note 8. Income Taxes
At April 3, 2010 and December 31, 2009, the Company maintained a full valuation allowance against the entire net deferred income tax balance after considering relevant factors, including recent operating results, the likelihood of the utilization of net operating loss tax carryforwards, and the ability to generate future taxable income. The Company expects to maintain a full valuation allowance on its entire net deferred tax assets in 2010, resulting in an effective tax rate of zero for the three months ended April 3, 2010.
Note 9. Loss per Share of Common Stock
Due to the net loss in the three months ended April 3, 2010 and April 4, 2009, loss per share, basic and diluted, are the same, as the effect of potential issuances of common stock would be antidilutive.
Note 10. Recently Issued Accounting Standards
There have been no recent accounting standards or changes in accounting standards during the three months ended April 3, 2010, that are of significance, or potential significance to the Company, as compared to the recent accounting standards described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2009.
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
Overview
The Company is experiencing reduced demand for its products as a result of weak consumer confidence and housing activity primarily due to the effects of the economic downturn. Additionally, sales have declined due to the discontinuation of certain low margin products in 2009 and the globalization of the furniture industry. We expect that the current economic environment for consumers will continue to be challenging through the remainder of 2010.
We have repositioned our residential furniture product line in an effort to improve profitability by introducing better value imports, utilizing a product licensing arrangement for marketing support, and replacing unprofitable and slow moving items offered in our product line with higher velocity items to improve customer service. We have moved away from a high cost manufacturing model to global sourcing with lower costs.

 

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We continue to review and cut operating costs to be in line with our current revenue base as the Company completes its business transition in 2010. The Company’s new business model is expected to result in a more variable cost structure and provide greater flexibility in competing in the furniture industry. A prolonged economic downturn could cause outcomes to differ materially from those expected above.
Results of Operations
The following table sets forth the Condensed Consolidated Statements of Operations of Chromcraft Revington for the three months ended April 3, 2010 and April 4, 2009 expressed as a percentage of sales.
                 
    Three Months Ended  
    April 3,     April 4,  
    2010     2009  
Sales
    100.0 %     100.0 %
Cost of sales
    80.5       93.5  
 
           
Gross margin
    19.5       6.5  
Selling, general and administrative expenses
    26.0       25.0  
 
           
Operating loss
    (6.5 )     (18.5 )
Interest expense
    (0.5 )     (0.4 )
 
           
Net loss
    (7.0 )%     (18.9 )%
 
           
Consolidated sales for the three months ended April 3, 2010 of $13,907,000 represented a 16.5% decrease from $16,653,000 reported for the prior year period. First quarter 2010 shipments of residential furniture were lower as compared to the prior year period primarily due to weak consumer confidence and housing activity reflecting the effects of the economic downturn; restructuring activities in 2009 including the elimination of slow moving and unprofitable products; and import competition. Commercial furniture shipments were higher in the first quarter of 2010 as compared to the prior year period primarily due to an increase in shipments of seating products. The consolidated sales decrease for the three months ended April 3, 2010 was primarily due to lower unit volume.
Gross margin for the three months ended April 3, 2010 was $2,706,000 as compared to $1,082,000 in the prior year period. The higher gross margin in 2010 reflected our transition to a more variable cost global sourcing model and a favorable product sales mix in the first quarter of 2010 compared to the prior year period. The first quarter 2009 gross margin was negatively impacted by unabsorbed fixed overhead and restructuring expenses related to a plant shutdown.
Selling, general and administrative expenses decreased $546,000 to $3,611,000 from $4,157,000 for the prior year period. The decrease in selling, general and administrative expenses for the three months ended April 3, 2010 compared to the same period in 2009 was primarily due to a decrease in professional fees and sales commissions. Selling, general and administrative expenses for the first quarter of 2009 included a reduction of accrued severance benefits of $334,000 resulting from revisions to severance agreements with two former executives which reduced the amounts payable to them.
The Company completed its restructuring activities, which began in 2008, during the second quarter of 2009, therefore no restructuring charges were incurred during the three months ended April 3, 2010.

 

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In the first quarter of 2009, the Company recorded a net restructuring credit of $34,000, consisting of charges recorded as cost of goods sold of $228,000, primarily for exit and disposal activities, and a net credit to selling, general and administrative expenses of $262,000 related to one-time termination benefits.
Net interest expense, which includes Bank Facility fees, was $75,000 for the first quarter 2010 as compared to $77,000 for the prior year period.
At December 31, 2009 and 2008, the Company maintained a full valuation allowance against the entire net deferred income tax balance. The Company expects to maintain a full valuation allowance on its entire net deferred tax assets at December 31, 2010, resulting in an effective tax rate of zero for the quarter ended April 3, 2010 and the prior year period.
Financial Condition, Liquidity and Capital Resources
Cash increased by $4,472,000 at April 3, 2010 compared to December 31, 2009 primarily due to receipt of the income tax refund previously disclosed. Working capital, excluding cash, decreased by $5,274,000 in the first three months of 2010 primarily due to a decrease in refundable income taxes, partially offset by lower accounts payable and accrued liabilities.
Operating activities of the Company generated $4,514,000 of cash in the first quarter of 2010 as compared to $3,933,000 of cash provided in the prior year period. The higher cash flow from operating activities in 2010 was primarily due to the receipt of a tax refund of $6,578,000 and a reduced cash loss in the first quarter of 2010, partially offset by lower cash generated from working capital reductions as compared to the prior year period.
Investing activities used cash of $42,000 in the first quarter of 2010 as compared to $411,000 of cash generated in the prior year period. Investing activities in the first quarter of 2009 include cash received from the sale of idled machinery and equipment from restructuring activities of $484,000. The Company used cash of $42,000 for capital expenditures during the first quarter of 2010, as compared to $73,000 spent in the prior year period. In 2010, the Company expects to spend approximately $500,000 for capital expenditures.
At April 3, 2010, the Company had cash and cash equivalents of $8,108,000 and approximately $7,669,000 in availability under its Bank Facility based on eligible accounts receivable and inventories. There were no borrowings outstanding under the Bank Facility at the end of the first quarter of 2010. The Bank Facility expires in 2012 and is secured by substantially all of the assets of the Company. Certain covenants and restrictions, including a fixed charge coverage ratio as defined in the loan agreement, will become effective if availability under the Bank Facility is less than $5,000,000. The Company did not comply with the fixed charge coverage ratio at April 3, 2010; however, the Company’s availability under the Bank Facility exceeded $5,000,000 at April 3, 2010 and, accordingly, the covenant regarding this ratio did not apply at the end of the first quarter of 2010. The Company expects to have availability under the Bank Facility in excess of $5,000,000 during the remainder of 2010.

 

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The Company’s ability to borrow under the Bank Facility is dependent upon a borrowing base calculation consisting of eligible accounts receivable and inventories, as well as compliance with the terms of the Bank Facility. While the Company expects to comply with the Bank Facility, in the event that it is in default, the bank could declare all obligations then outstanding to be immediately due, terminate the Bank Facility extended to the Company and take certain other actions as a secured creditor, which could adversely affect the Company’s liquidity and business.
Among the provisions of the Bank Facility that the bank may consider in determining if the Company is in default is whether any change in the Company’s condition could reasonably be expected to have a material adverse effect on the business, operations, condition (financial or otherwise) or prospects of the Company or the value of any material collateral, or whether any event or circumstance impairs the ability of the Company to repay any obligations owed under the Bank Facility. If a default occurs, the Company could attempt to obtain a waiver from the bank, but there is no assurance that the bank would grant such a waiver.
The Company believes that its cash and availability under its Bank Facility will be adequate to meet its short term liquidity requirements. The Company has implemented expense controls and limitations on capital expenditures to conserve cash during the current economic downturn. We will need to generate cash flow from operations in future periods in order to meet our long term liquidity needs. In the absence of adequate cash flow from operations in the future, we may need to further restrict expenditures, sell assets, or seek additional business funding.
Recently Issued Accounting Standards
There have been no recent accounting standards or changes in accounting standards during the three months ended April 3, 2010, that are of significance, or potential significance to the Company, as compared to the recent accounting standards described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2009.
Forward-Looking Statements
Certain information and statements contained in this report, including, without limitation, in the section captioned “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be generally identified as such because they include future tense or dates, or are not historical or current facts, or include words such as “believes,” “may,” “expects,” “intends,” “plans,” “anticipates,” or words of similar import. Forward-looking statements are not guarantees of performance or outcomes and are subject to certain risks and uncertainties that could cause actual results or outcomes to differ materially from those reported, expected, or anticipated as of the date of this report.
Among the risks and uncertainties that could cause actual results or outcomes to differ materially from those reported, expected or anticipated are general economic conditions, including the impact of the current global recession; import and domestic competition in the furniture industry; our ability to execute our business strategies, implement our new business model and successfully complete our business transition; our ability to grow sales and reduce expenses to eliminate our operating loss; our ability to sell the right product mix; supply disruptions with products manufactured in China; continued availability under our Bank Facility; market interest rates; consumer confidence levels; cyclical nature of the furniture industry; consumer and business spending; changes in relationships with customers; customer acceptance of existing and new products; new home and existing home sales; financial viability of our customers and their ability to continue or increase product orders; loss of key management; other factors that generally affect business; and the risks set forth in our annual report on Form 10-K for the year ended December 31, 2009.

 

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We do not undertake any obligation to update or revise publicly any forward-looking statements to reflect information, events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events or circumstances.
Item 4. Controls and Procedures
Chromcraft Revington’s principal executive officer and principal financial officer have concluded, based upon their evaluation, that the Company’s disclosure controls and procedures (as defined in Rule 13a-15(e) under the Securities Exchange Act of 1934, as amended), were effective as of the end of the period covered by this Form 10-Q.
There were no changes in Chromcraft Revington’s internal control over financial reporting that occurred during the first quarter of 2010 that may have materially affected, or are reasonably likely to materially affect, Chromcraft Revington’s internal control over financial reporting.
PART II. Other Information
Item 6. Exhibits
         
  3.1    
Certificate of Incorporation of the Registrant, as amended, filed as Exhibit 3.1 to Form S-1, registration number 33-45902, as filed with the Securities and Exchange Commission on February 21, 1992, is incorporated herein by reference.
       
 
  3.2    
By-laws of the Registrant, as amended, filed as Exhibit 3.2 to Form 8-K, as filed with the Securities and Exchange Commission on October 16, 2009, is incorporated herein by reference.
       
 
  10.46    
First Amendment to the Amended and Restated Directors’ Stock Plan of Chromcraft Revington, Inc., effective January 1, 2010 (filed herewith).
       
 
  31.1    
Certification of Chief Executive Officer required pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 302 of the Sarbanes-Oxley Act of 2002 (filed herewith).
       
 
  31.2    
Certification of Vice President — Finance and Principal Financial Officer required pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 302 of the Sarbanes-Oxley Act of 2002 (filed herewith).
       
 
  32.1    
Certifications of Chief Executive Officer and Vice President — Finance and Principal Financial Officer required pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002 (filed herewith).

 

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Table of Contents

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, Chromcraft Revington, Inc. has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
         
  Chromcraft Revington, Inc.
(Registrant)
 
 
Date: May 18, 2010  By:   /s/ Ronald H. Butler    
    Ronald H. Butler,   
    Chairman and Chief Executive Officer   
     
Date: May 18, 2010  By:   /s/ Myron D. Hamas    
    Myron D. Hamas,   
    Vice President — Finance and
Principal Financial Officer 
 

 

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