Form 8-K - Current report
August 15 2024 - 5:29PM
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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) |
|
August
15, 2024 |
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
August 14, 2024, 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.
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: August 15, 2024 |
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 |
|
FAX #: (308) 235-2609 |
|
E-MAIL: stephanie.risk-mcelroy@grisk.com |
|
WEB SITE: www.grisk.com |
COMPANY
PRESS RELEASE
GEORGE
RISK INDUSTRIES, INC.
FISCAL
YEAR END 2024 AND ANNUAL DIVIDEND ANNOUCEMENT
KIMBALL,
NE — AUGUST 14, 2024 — GEORGE RISK INDUSTRIES, INC., (KNOWN AS “GRI”) (OTCBB:RSKIA), a diversified and
leading American manufacturer of a wide variety of products in the security and proximity sensor industries, concluded its fiscal
year ending April 30, 2024 with a net profit of 34.72% of net sales. Net sales for the current fiscal year were $21,767,000, up
8.95% over the previous fiscal year. Net income for the year ended April 30, 2024 was $7,558,000, a 58.88% increase from the
reported net income of $4,757,000 for the year ended April 30, 2023. Earnings per common share (“EPS”) for the years
ended April 30, 2024 and 2023 was at $1.54 per share and $0.96 per share, respectively.
Material
delays continue to impact our ongoing demand. We currently have open orders exceeding $1.3 million. From all accounts, with the volume
of orders we receive daily with the variety of products, encompassing residential and commercial, indications point to a strong and growing
economy. In talking with our distributors, they concur that business is very good, and that demand remains high. We are grateful for
the alarm companies, integrators, OEMs and installers around the globe who put their trust in GRI security products and Labor Saving
Device tools.
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.
Other projects include a small profile glass break detector and programmable temperature and humidity sensors with built-in hysteresis.
An expansion of the GR3045 panic switches is in the works to include SPDT versions, latching and non-latching with LED indicator lights.
A miniature profile overhead door contact based on the popular 4532 is also in development.
At
George Risk Industries, Inc.’s latest Board of Directors meeting, which was held on July 25, 2024, a dividend of $1.00 per common
share was declared. This is a $0.35 increase from the dividend that was paid last year. This dividend will be paid to stockholders of
record as of September 30, 2024 and will be paid out by October 31, 2024.
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
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Aug. 15, 2024 |
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Document Period End Date |
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|
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 |
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Entity Emerging Growth Company |
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Entity Information, Former Legal or Registered Name |
Not Applicable
|
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
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Trading Symbol |
RSKIA
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