8-K 1 chi520537-2.txt DATED 6-1-2005 UNITED STATES SECURITIES 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) July 1, 2005 Chicago Rivet & Machine Co. (Exact name of registrant as specified in its charter) Illinois 0-1227 36-0904920 -------- ------ ---------- (State or other jurisdiction (Commission (IRSEmployer of incorporation) File Number) Identification No.) 901 Frontenac Road, Naperville, Illinois 60563 ---------------------------------------- ----- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (630) 357-8500 -------------- ------------------------------------------------------------------------------- (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 (see General Instruction A.2. below): [ ] 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 240.13e-4(c)) Item 1.01. Entry into a Material Definitive Agreement. Item 8.01 Other Events. On July 5, 2005, Mr. James Labold commences employment as Sales Manager of Chicago Rivet & Machine Co. ("Chicago Rivet"). Prior to joining the Company as Sales Manager, Mr. Labold served as one of its independent sales representatives. Chicago Rivet and Mr. Labold are parties to an Employment Agreement (the "Agreement"), dated June 4, 2005 with an effective date of July 5, 2005. Under the terms of the Agreement, Mr. Labold's employment is three-years commencing July 5, 2005, subject to extension by written agreement. The Agreement provides for an annual salary of $150,000, and a discretionary merit-based bonus, the amount of which shall be determined by the Compensation Committee of Chicago Rivet's Board of Directors. Pursuant to the Agreement, Chicago Rivet is required to continue Mr. Labold's pay for three years unless Mr. Labold's employment is terminated by Mr. Labold or by Chicago Rivet for cause or due to Mr. Labold's death, disability or extended absence. A copy of the Agreement is attached hereto as Exhibit 10.1. Item 9.01 Financial Statements and Exhibits. (c) Exhibits. 10.1 Employment Agreement between Chicago Rivet & Machine Co. and James Labold, dated June 4, 2005. 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. CHICAGO RIVET & MACHINE CO. /s/ John C. Osterman ------------------------------------- Date: July 1, 2005 By: John C. Osterman Its: President, Chief Operating Officer and Treasurer Exhibit Index Exhibit No. Exhibits ------- -------- 10.1 Employment Agreement between Chicago Rivet & Machine Co. and James Labold, dated June 4, 2005.