National Presto Industries 8-K 2006
|(State or other jurisdiction||(Commission||(IRS Employer|
|of incorporation)||File Number)||Identification No.)|
|3925 North Hastings Way|
Eau Claire, Wisconsin
|(Address of principal executive office)||(Zip Code)|
Registrants telephone number, including area code: 715-839-2121
(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:
|o||Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)|
|o||Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)|
|o||Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))|
|o||Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13a-4(c))|
On April 28, 2006, the registrant issued a press release regarding the registrants results of operations for the first quarter ended April 2, 2006. The full text of the press release 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.
The Company received the notice that its public accountant, Grant Thornton had resigned on April 26, 2006 in a letter dated April 25, 2006 that was emailed after business hours on the 25th and also sent by mail and received on April 26, 2006. A copy of that letter and a Section 10A report that was sent with the letter are attached as Exhibits 99.2 and 99.3. The Companys response to the 10A report is attached as Exhibit 99.4.
As disclosed in the 8-K filed on April 19 and 25, 2006, Grant Thornton did send the Company a letter stating that its opinions on the financial statements and internal audit controls for the three years ended December 31, 2005 could no longer be relied upon.
Other than the situation described in 2, above, there have been no unresolved disagreements. The Accountant and the Company have been associated together for almost twenty years in what has been an excellent, professional and amicable relationship.
|As stated in paragraph 2, above, the accountant did issue a letter advising the Company that its opinions on the financial statements for the three years ended December 31, 2005 and on the Companys internal controls over financial reporting could no longer be relied upon. Further information about that letter and the background behind it can be found in the Exhibits to the Form 8-K/A filed on April 25, 2006 and in the accountants 10A report and the Companys response to that report which are attached hereto.|
|Exhibit 99.1 Press Release of National Presto Industries, Inc. dated April 28, 2006, reporting financial results for the first quarter ending April 2, 2006.|
|Exhibit 99.2 April 25, 2006 letter of resignation from Grant Thornton to the Company.|
|Exhibit 99.3 April 25, 2006 10A report from Grant Thornton to the Company.|
|Exhibit 99.4 April 26, 2006 letter to Grant Thornton from the Company responding to the 10A report.|
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.|
|/s/ Maryjo Cohen |
|Date April 28, 2006||(Signature) Maryjo Cohen, President|
and Chief Executive Officer