8-K
NATIONAL PRESTO INDUSTRIES INC (NPK)
UNITED STATES
SECURITY AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 20, 2025
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National Presto Industries, Inc.
(Exact name of registrant as specified in this chapter)
| Wisconsin | 1-2451 | 39-0494170 |
|---|---|---|
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
| 3925 North Hastings Way<br><br> <br>Eau Claire, Wisconsin | 54703-3703 | |
| --- | --- | |
| (Address of principal executive office) | (Zip Code) |
Registrant’s telephone number, including area code: 715-839-2121
N/A
(Former name or former address, if changed since last report)
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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 240.13a-4(c)) |
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Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| Common Stock, $1.00 par value | NPK | New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.07 Submission of Matters to a Vote of Security Holders.
The Company held its Annual Meeting of Stockholders on May 20, 2025. At the meeting, stockholders re-elected Patrick J. Quinn and Douglas J. Frederick to serve as directors, each for a three-year term ending at the annual meeting to be held in 2028. Stockholders also ratified the appointment of RSM US LLP as the Company's independent registered public accounting firm for the year ending December 31, 2025. On a non-binding advisory basis, stockholders approved the compensation of the Company’s named executive officers. A press release regarding the outcome of the votes of stockholders is attached hereto as Exhibit 99.1.
Set forth below are the final voting results for each of the proposals.
Election of Directors
| Name | For | Withheld | Broker Non-Votes |
|---|---|---|---|
| Patrick J. Quinn | 3,779,510 | 1,904,953 | 636,423 |
| Douglas J. Frederick | 5,061,806 | 622,657 | 636,423 |
Ratify the Appointment of RSM US LLP as the Independent Registered Public Accounting Firm
| For | Against | Abstain | Broker Non-Votes |
|---|---|---|---|
| 6,297,648 | 13,474 | 9,764 | 0 |
Advisory (Non-Binding) Vote on Executive Compensation
| For | Against | Abstain | Broker Non-Votes |
|---|---|---|---|
| 5,570,413 | 96,343 | 17,707 | 636,423 |
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
| Exhibit No. | Description |
|---|---|
| 99.1 | Press Release of National Presto Industries, Inc. dated May 21, 2025 |
| 104 | Cover page Interactive data file (embedded within the inline XBRL document) |
SIGNATURE
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.
| National Presto Industries, Inc. | ||
|---|---|---|
| (Registrant) | ||
| Date: May 21, 2025 | By: | /s/ Maryjo Cohen |
| (Signature) Maryjo Cohen, President | ||
| and Chief Executive Officer |
ex_822164.htm
Exhibit 99.1
| NEWS RELEASE | CONTACT: David Peuse |
|---|---|
| FOR IMMEDIATE RELEASE | (715) 839-2146 |
NATIONAL PRESTO INDUSTRIES, INC. ANNOUNCES ELECTION OF A DIRECTORS AT ITS ANNUAL STOCKHOLDER MEETING
Eau Claire, Wisconsin (May 21, 2025) – The stockholders of National Presto Industries, Inc. (NYSE: NPK) re-elected Patrick J. Quinn and Douglas J. Frederick to new three-year terms as directors at the May 20, 2025, annual stockholders meeting. The stockholders also ratified the appointment of RSM US LLP as the Company's independent registered public accounting firm for the year ending December 31, 2025. In a non-binding vote, they approved the compensation of the Company’s named executive officers as well. Traditionally new products are shown during this meeting. As a result of the impact of the Trump administrations’ tariffs, new products are on hold and none was shown.
National Presto Industries, Inc. operates in three business segments. The Housewares/Small Appliance segment designs and sells small household appliances and pressure cookers under the PRESTO® brand name. The segment is recognized as an innovator of new products. The Defense segment manufactures a variety of products, including medium caliber training and tactical ammunition, energetic ordnance items, fuzes, cartridge cases, and metal parts. The Safety segment offers smoke and carbon monoxide alarms and systems that provide early warning of conditions that, if not corrected, would cause significant losses.
This release contains “forward looking statements” made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995 that are subject to certain risks and uncertainties, as well as assumptions, that could cause actual results to differ materially from historical results and those presently anticipated or projected. In addition to the factors discussed above, other important risk factors are delineated in the Company’s various SEC filings.