UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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~~December 117, 2024

Chicago Rivet & Machine Co.

(Exact Name of Registrant as Specified in Its Charter)


Illinois	000-01227	36-0904920
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer 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))

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, par value $1.00 per share	CVR	NYSE American (Trading privileges only, not registered)

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

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. o

Item 78.~~01Regulation~~01 Other ~~FD Disclosure~~Events.

Chicago Rivet and Machine Co. (the “Company”), headquartered in Naperville, Illinois, ~~has~~previously ~~announced~~disclosed in its quarterly report for the ~~closure~~first quarter of 2024 that it was notified by one of its ~~manufacturing~~customers ~~facility~~that incertain ~~Albia~~fasteners manufactured by the Company’s wholly-owned subsidiary, ~~Iowa~~H&L Tool Company, ~~which~~may isnot ~~expected~~have conformed to ~~occur~~customer onspecifications. orThese ~~before~~fasteners ~~October~~become 1,part ~~2024.~~of ~~The~~an ~~closure~~assembly ~~will~~that ~~impact~~is ~~all~~used 19in ~~full~~the ~~and~~braking ~~part-time~~system ~~employees~~of certain vehicles manufactured by our customer’s OEM customer. ~~The~~Based ~~Albia~~on ~~facility~~discussions ~~has~~with ~~supplied~~our ~~tooling~~customer ~~for~~and the Company’s ~~full~~own ~~line~~internal analysis, we recorded a contingent liability of ~~mechanical~~$243,000 ~~hydraulic~~in our financial statements for the three month period ended March 31, 2024, and ~~pneumatic~~we ~~riveting~~further ~~machines~~noted ~~serving~~at ~~both~~that ~~existing~~time ~~customers~~that ~~who~~discussions ~~own~~with ~~machines~~our customer and ~~customers~~our ~~purchasing~~internal ~~new~~review ~~machines~~process ~~manufactured~~were inongoing, and that the ~~Company’s~~ultimate ~~Tyrone,~~amount ~~Pennsylvania.~~of ~~manufacturing~~any ~~facility~~liability may be more than the amount reflected in our financial statements for the first quarter of 2024.

~~After~~Since ~~careful~~that ~~consideration~~time, the Company’s ~~Board~~has ofbeen ~~Directors~~engaged ~~determined~~in ~~that~~discussions itwith isits incustomer ~~the~~to ~~Company’s~~quantify ~~best~~costs ~~interest~~and determine responsibility for such costs. Based on those discussions, an agreement has been reached with our customer to ~~consolidate~~resolve the ~~operations~~matter. As part of the ~~Albia~~agreement, ~~facility~~and ~~into~~in exchange for a full release of any further potential liability, the ~~Tyrone facility~~Company has agreed to pay an aggregate of $1.1 ~~The~~million ~~strategic~~in ~~consolidation~~substantially isequal ~~seen~~installments over a five (5) year period. This aggregate amount includes the $243,000 amount previously reserved as a ~~step~~contingent liability in the first quarter of 2024. As a result, the Company intends to ~~streamline~~recognize ~~processes~~an additional accrual of $857,000 ~~improve~~for ~~delivery~~the three month period ended December 31, ~~reduce~~2024 ~~costs~~to ~~and~~reflect ~~add~~the ~~value~~full ~~for~~amount of the payment. The Company’s ~~customers,~~believes ~~shareholders~~that this agreement is in its best interest as it includes a release of liability as noted above and ~~stakeholders~~avoids further dispute and potential litigation, as well as the costs associated with any such potential litigation relating to this matter.

~~The~~This ~~Company~~Current ~~anticipates~~Report ~~incurring~~on ~~certain~~Form ~~costs~~8-K ~~relating~~contains tocertain ~~one~~“forward-~~time~~looking ~~termination~~statements” ~~benefits~~that are inherently subject to risks and ~~other~~uncertainties ~~costs~~that ~~associated~~may ~~with~~cause actual events to differ materially from those discussed herein. These statements, which are generally identifiable by the ~~closing~~use of the words "will," "believe," "expect," "intend," "anticipate," "estimate," "forecast," "project," "plan" and ~~disposal~~similar ofexpressions, are based on the ~~facility~~beliefs and ~~relocation~~assumptions of ~~equipment,~~management ~~but~~based ~~these~~on ~~costs~~information available to the Company at the time such statements are ~~not~~made. ~~considered~~Also, please refer to bethe ~~material~~risks and factors disclosed under “Risk Factors” in the Company’s Annual Report on Form 10-K and in the other filings the Company makes with the Securities and Exchange Commission for additional factors that could cause the Company’s actual results to differ from these forward looking statements. Many of these factors are beyond the Company’s ~~business~~ability to control or predict. The Company cautions that undue reliance should not be placed on forward-looking statements, which speak only as of the date made.

~~The Company wishes to thank all of the current and past employees, family members and community members in Albia who have contributed significantly to the Company’s success over many years.~~SIGNATURE

~~This~~Pursuant ~~Current Report on Form 8-K contains certain “forward-looking statements” that are inherently subject~~ to ~~risks and uncertainties that may cause actual events to differ materially from those discussed herein. These statements, which are generally identifiable by~~ the ~~use~~requirements of the ~~words~~Securities ~~"will,"~~Exchange ~~"believe,"~~Act ~~"expect," "intend," "anticipate," "estimate," "forecast," "project," "plan" and similar expressions, are based on the beliefs and assumptions~~ of management based on information available to the Company at the time such statements are made. Factors that may could cause the Company’s actual results to differ from these forward-looking statements include1934, ~~among other things, higher than anticipated costs associated with or delays in~~ the ~~closure~~registrant ofhas ~~the~~duly ~~Albia~~caused ~~manufacturing~~this ~~facility,~~report ~~the Company’s ability~~ to ~~effectively~~be ~~consolidate~~signed ~~Albia’s~~on ~~operations into~~ its ~~Tyrone~~behalf ~~facility,~~by ~~and~~ the ~~other~~undersigned ~~applicable~~hereunto ~~risks~~duly ~~and factors disclosed under “Risk Factors” in the Company’s Annual Report on Form 10-K and in the other filings the Company makes with the Securities and Exchange Commission~~authorized. Many of these factors are beyond the Company’s ability to control or predict. The Company cautions that undue reliance should not be placed on forward-looking statements, which speak only as of the date made.

SIGNATURES


	CHICAGO RIVET & MACHINE CO.

Date: December 20, 2024	By: /s/ Gregory D. Rizzo
	Name: Gregory D. Rizzo
	Title: Chief Executive Officer

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.
	By: /s/ Gregory D. Rizzo
Date: July 1, 2024	Gregory D. Rizzo
	Chief Executive Officer

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