8-K

UNITED STATES

SECURIT IES AND EXCHANGE COMMISSION

Washington, D.C. 20549

__________

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): February **** 17 , 202 1

_______________

National Presto Industries, Inc.

(Exact name of registrant as specified in this chapter)

Registrant’s telephone number, including area code: 715-839-2121

N/A

(Former name or former address, if changed since last report)

______________

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:

Securities registered pursuant to Section 12(b) of the Act:

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 8.01 Other Events

On February 17, 2021, the Registrant announced that, in partnership with the U.S. Consumer Product Safety Commission, it is voluntarily recalling all Presto® indoor electric smokers (Model No. 0601304 and Model No. 0601405). A press release describing the recall is filed as Exhibit 99.1 to this Form 8-K. Such Exhibit shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Forward looking statements in this Form 8-K are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. There are certain important factors that could cause results to differ materially from those anticipated by some of the statements made herein. Investors are cautioned that all forward looking statements involve risks and uncertainty. In addition to the factors discussed above, among the other factors that could cause actual results to differ materially are the following: government defense spending and defense requirements; termination for the convenience of the government; interest rates; continuity of relationships with and purchases by the United States Government and other major customers; unexpected problems or events experienced by subcontractors, team members, or their respective suppliers or subcontractors; product mix; competitive pressure on pricing; increases in material, freight/shipping, labor or other production costs that cannot be recouped through pricing; and such other factors as may be described from time to time in the Registrant’s SEC filings.

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.

ex_227537.htm

Exhibit 99.1

Important Safety Notice –

Voluntary Recall of Indoor Electric Smokers Model No. 0601304 and Model No. 0601405

Eau Claire, Wisconsin (February 17, 2021) – As a trusted name in home appliances for more than 115 years, National Presto Industries, Inc. (NYSE: NPK) (“Presto”) puts consumer safety first. Today, in partnership with the U.S. Consumer Product Safety Commission (CPSC), Presto voluntarily recalled all Presto® indoor electric smokers (Model No. 0601304 and Model No. 0601405).

Presto had received reports of smokers tripping circuit breakers and GFCI outlets. After examining the smokers, Presto determined that the heating element/wiring on each unit was defective, posing a potential shock hazard to consumers. There had been no reports of injury or property damage, but out of an abundance of caution, the Company decided to recall all units from the marketplace.

The Company has advised consumers who have a Presto® indoor electric smoker to immediately stop using the unit and to visit Presto’s website at www.gopresto.com/recall for details on how to return the product to receive a refund. Those consumers who do not have access to the internet may call 1-833-909-1524 instead.

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.