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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 AND EXCHANGE ACT OF 1934
DATE OF REPORT - OCTOBER 25, 1999
AMERICAN VANGUARD CORPORATION
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(Exact name of registrant as specified in its charter)
DELAWARE 0-6354 95-2588080
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(State of incorporation) (Commission File No.) (IRS Employer No.)
4695 MACARTHUR COURT, NEWPORT BEACH, CALIFORNIA 92660
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(Address of principal executive offices) (Zip Code)
(949) 260-1200
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(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS.
On October 18, 1999, American Vanguard Corporation issued the press
release attached hereto as Exhibit 99.1. The release announced that Amvac
Chemical Corporation, a wholly-owned subsidiary of American Vanguard
Corporation, resolved certain litigation regarding its exclusive ownership of
labels and registration with the Environmental Protection Agency for naphthalene
acetic acid all as more particularly described in Exhibit 99.1.
ITEM 7. EXHIBITS.
99.1 Press release issued October 18, 1999.
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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.
AMERICAN VANGUARD CORPORATION
Date: October 25, 1999 By: /s / J. A. Barry
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J. A. Barry
Senior Vice President
Chief Financial Officer
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EXHIBIT INDEX
EXHIBIT
NUMBER DESCRIPTION
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99.1 Press Release issued October 18, 1999
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EXHIBIT 99.1
FOR IMMEDIATE RELEASE
AMERICAN VANGUARD REGAINS POSITION AS SOLE SUPPLIER OF
NAPHTHALENE ACETIC ACID PRODUCTS
Newport Beach, CA -- October 18, 1999 -- American Vanguard Corporation (ASE:AVD)
today announced that Amvac Chemical Corporation, a wholly-owned subsidiary of
the Company, settled litigation regarding its exclusive ownership of labels and
registration with the EPA for naphthalene acetic acid ("NAA"). This litigation
commenced in Oregon in November 1996 against several parties Amvac contended
were unlawfully using such labels and registration to manufacture and sell NAA.
The settlement agreement provides for an undisclosed amount of cash to be paid
to American Vanguard and confirmed Amvac's exclusive ownership of the NAA
labels. NAA is used worldwide as a plant growth regulator, and is an important
part of the Company's product line.
Eric Wintemute, President and CEO of American Vanguard, commented, "We are very
pleased to once again be the sole supplier of one of our core product lines. We
believe that this position and the stance we took in resolving this situation is
critical to the U.S. crop protection industry. With the resolution of this
issue, management's attention can be singularly focused on running and growing
our business, and the Company will cease to incur legal expenses related to this
matter."
American Vanguard Corporation is a diversified specialty and agricultural
products company. Its subsidiaries include AMVAC Chemical Corporation, which
develops and markets safe and effective products for agricultural and commercial
uses; GemChem, Inc., a national chemical distributor; AMVAC Chemical UK Ltd.,
the Company's UK office; Quimica Amvac De Mexico S.A. de C.V., the Company's
Mexico office; and Environmental Mediation, Inc., an environmental consulting
firm.
The Company, from time to time, may discuss forward-looking information. Except
for the historical information contained in this release, all forward-looking
information are estimates by the Company's management and are subject to various
risks and uncertainties that may cause results to differ from management's
current expectations. Such factors include weather conditions, changes in
regulatory policy, and other risks as detailed from time to time in the
Company's SEC reports and filings. Forward-looking statements in this release
represent the Company's judgment as of the date of this release. The Company
disclaims, however, any intent or obligation to update forward-looking
statements.
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CONTACT: -OR- AVD'S INVESTOR RELATIONS FIRM
American Vanguard Corporation Loren Goldstein
Eric G. Wintemute, President, CEO (212) 836-9604
James A. Barry, Senior Vice President, CFO The Equity Group Inc.
(949) 260-1200 www.theequitygroup.com
