Chicago Rivet & Machine Co 8-K, filed May 14, 2026
Chicago Rivet & Machine Co (CVR)
About this 8-K
Chicago Rivet & Machine Co filed this 8-K on May 14, 2026, reporting on events of May 12, 2026.
Items reported
- Item 5.07: Shareholder vote results
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT PURSUANT TO
SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Item 5.07. Submission of Matters to a Vote of Security Holders.
Chicago Rivet & Machine Co.'s (the "Company") Annual Meeting of Shareholders was held on May 12, 2026. At the meeting, (1) the seven director nominees named in the Company's proxy statement dated April 2, 2026 were elected to serve for a term ending at the Annual Meeting in 2027, and (2) the selection of Cherry Bekaert LLP to serve as the Company's independent registered public accounting firm for 2026 was ratified.
The voting results for each proposal are set forth below:
Election of Directors:
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Votes For |
Votes Withheld |
Broker Non-Votes |
Kent H. Cooney |
375,866 |
151,365 |
276,507 |
Kurt Moders |
416,426 |
19,791 |
276,507 |
James W. Morrissey |
416,743 |
19,474 |
276,507 |
Walter W. Morrissey, M.D. |
415,145 |
21,072 |
276,507 |
Karen G. Ong |
376,355 |
150,876 |
276,507 |
Gregory D. Rizzo |
416,225 |
19,992 |
276,507 |
John L. Showel |
376,495 |
150,736 |
276,507 |
Ratification of Cherry Bekaert LLP as the Company's independent registered public accounting firm for 2026:
Votes For |
Votes Against |
Abstentions |
Broker Non-Votes |
727,269 |
5,655 |
18,806 |
0 |
Item 8.01. Other Events.
On May 14, 2026, the Company announced that its Board of Directors approved the suspension of the Company's quarterly cash dividend.
Attached as Exhibit 99.1 is a copy of the press release relating to the announcement, which is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. |
Description |
99.1 |
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104 |
Cover Page Interactive Data File (embedded within the Inline XBRL document and contained in Exhibit 101) |
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.
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CHICAGO RIVET & MACHINE CO. |
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Date: May 14, 2026 |
By: /s/ Gregory D. Rizzo |
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Name: Gregory D. Rizzo |
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Title: Chief Executive Officer |
Exhibit 99.1
CHICAGO RIVET & MACHINE CO.
27755 DIEHL ROAD, SUITE 200
WARRENVILLE, IL 60555
FOR IMMEDIATE RELEASE
CHICAGO RIVET & MACHINE CO. ANNOUNCES TEMPORARY SUSPENSION OF QUARTERLY DIVIDEND
Warrenville, Illinois, May 14, 2026, Chicago Rivet & Machine Co. (NYSE American: CVR) today announced that its Board of Directors approved the temporary suspension of the Company’s quarterly cash dividend.
The decision was made following a comprehensive review of the Company’s current operating environment, capital allocation priorities, and long-term strategic objectives, and reflects a deliberate and proactive step to allocate capital toward critical operational and growth initiatives. In particular, management is prioritizing the deployment of financial resources to focus on meeting expected current and future sales requirements, and investing in our sales efforts to drive revenue growth over the long term.
The strategic rationale for the Board’s decision focuses on the following objectives:
The Company remains focused on supporting its customers, investing in operational efficiencies, and executing initiatives designed to strengthen long-term shareholder value.
The Board will continue to evaluate the Company’s capital allocation strategy on an ongoing basis and intends to revisit the dividend policy as business conditions and growth objectives evolve.
For further information, please contact Investor Relations at (630) 357-8500.
Forward-Looking Statements
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 with major customers, risks related to export sales, the price and availability of raw materials, supply chain disruptions, labor relations issues, losses related to product liability, warranty and recall claims, costs relating to environmental laws and regulations, information systems disruptions, the loss of the services of our key employees and difficulties in achieving 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.