RSKIA George Risk Industries Inc (PK)

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISION

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)

September 15, 2023

 

George Risk Industries, Inc.

(Exact name of registrant as specified in its charter)

 

Colorado		000-05378		84-0524756
(State or other jurisdiction		(Commission		(IRS Employer
of incorporation)		File Number)		Identification No.)

 

802 S. Elm St.
Kimball, NE		69145
(Address of principal executive offices)		(Zip Code)

 

Registrant’s telephone number, including area code:

308-235-4645

 

Not Applicable

(Former name or 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:

 

☐	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
Class A Common Stock, $0.10 par value		RSKIA		OTC Markets
Convertible Preferred Stock, $20 stated value		RSKIA		OTC Markets

 

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

 

 

 

ITEM 8.01

OTHER EVENTS.

 

On September 14, 2023, the Registrant issued a press release announcing the declaration of a cash dividend on the common stock of the Registrant. The entire text of the press release is attached as Exhibit 99.1 and is incorporated by reference herein.

 

ITEM 9.01

FINANCIAL STATEMENTS AND EXHIBITS.

 

(d)	Exhibits:
99.1	George Risk Industries, Inc. Press Release, dated September 14, 2023.
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

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.

 

Date: September 15, 2023	By:	/s/ Stephanie M. Risk-McElroy
		Stephanie M. Risk-McElroy
		President/CEO/CFO

 

 

Exhibit 99.1

 

		GEORGE RISK INDUSTRIES, INC.
		802 S. ELM ST., KIMBALL, NEBRASKA 69145-1599 TELEPHONE #: (308) 235-4645 ACCOUNTING FAX #: (308) 235-2554 E-MAIL: stephanie.risk-mcelroy@grisk.com WEB SITE: www.grisk.com

 

COMPANY PRESS RELEASE

GEORGE RISK INDUSTRIES, INC.

FIRST QUARTER FYE 2023 RESULTS AND ANNUAL DIVIDEND ANNOUCEMENT

 

KIMBALL, NE — SEPTEMBER 14, 2023 — GEORGE RISK INDUSTRIES, INC., (OTCBB:RSKIA), a diversified and leading American manufacturer of a wide variety of products in the security and proximity sensor industries, recorded net sales of $4,728,000.00 for the quarter ending July 31, 2023. Net income for the quarter ended July 31, 2023, was $2,374,000.00, a 125.88% increase from the corresponding quarter last year, which showed net income of $1,051,000.00. Earnings per share for the quarter ended July 31, 2023, was $0.48 per common share and $0.21 per common share for the quarter ended July 31, 2022.

 

First quarter sales were lower, down $482,000.000 from the same period last year. We experienced a slight slowdown when we moved our shipping department, finished goods stockroom and a couple of product lines into a new building in order to increase our production areas in the main plant, but we are running smoothly now. Some of our production lines are also experiencing significant backlogs due to high product demand and continuing challenges with our local labor pool. However, booked sales are up from the same quarter last year and significant orders from our stocking distributors are arriving daily. We are continually grateful for the installation companies, our distribution network and employees for their hard work and dedication.

 

New product development includes explosion proof contacts which will be UL listed for hazardous locations. We are receiving several calls a week for this high security magnetic reed switch. Also in development are magnetic contacts which are listed under UL 634 Level 2. These sensors are for high security applications such as government buildings, military, nuclear facilities and financial institutions. Requests for development include a small glass break detector and programmable temperature and humidity sensors with built-in hysteresis. Engineering continues to work on wireless contact switches and monitoring devices which include glass break detection, tilt sending and environmental monitoring. A redesign for our brass water valve shut off system is near completion.

 

At George Risk Industries, Inc.’s latest Board of Directors meeting, which was held on August 29, 2023, a dividend of $0.65 per common share was declared. This is a $0.05 increase from the dividend that was paid last year. This dividend will be paid to stockholders of record as of September 30, 2023 and will be paid out by October 31, 2023

 

George Risk Industries, Inc. is engaged in the design, manufacture and sale to distributors and OEM manufacturers of custom computer keyboards, push button switches, burglar alarm components, pool access alarms, thermostats, E-Z Duct wire cover, hydro sensors and wire and cable tools. The company has representation in the United States, Canada, Asia and EMEA (Europe, the Middle East and Africa.).

 

CONTACT:

Stephanie M. Risk-McElroy, President/CEO/CFO

308-235-4645

800-523-1223

 

v3.23.2

Cover	Sep. 15, 2023
Document Type	8-K
Amendment Flag	false
Document Period End Date	Sep. 15, 2023
Entity File Number	000-05378
Entity Registrant Name	George Risk Industries, Inc.
Entity Central Index Key	0000084112
Entity Tax Identification Number	84-0524756
Entity Incorporation, State or Country Code	CO
Entity Address, Address Line One	802 S. Elm St.
Entity Address, City or Town	Kimball
Entity Address, State or Province	NE
Entity Address, Postal Zip Code	69145
City Area Code	308
Local Phone Number	235-4645
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
Class A Common Stock, $0.10 par value
Title of 12(b) Security	Class A Common Stock, $0.10 par value
Trading Symbol	RSKIA
Convertible Preferred Stock, $20 stated value
Title of 12(b) Security	Convertible Preferred Stock, $20 stated value
Trading Symbol	RSKIA

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