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
August 28, 1997 (August 28, 1997)
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Date of Report (Date of earliest event reported)
MERRIMAC INDUSTRIES, INC.
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(Exact name of registrant as specified in its charter)
New Jersey 0-11201 22-1642321
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
41 Fairfield Place, West Caldwell, New Jersey 07006-6287
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (973) 575-1300
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INFORMATION TO BE INCLUDED IN THE REPORT
Item 5. Other Events.
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Registrant's press release dated August 28, 1997 is filed herewith as
Exhibit 20 and is incorporated herein by reference.
Item 7. Financial Statements and Exhibits.
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(c) Exhibits.
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20. Press Release of Registrant dated August 28, 1997.
SIGNATURE
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Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this Current Report to be signed on its
behalf by the undersigned thereunto duly authorized.
MERRIMAC INDUSTRIES, INC.
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(Registrant)
By /s/ Robert V. Condon
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Robert V. Condon
Vice President, Finance and
Chief Financial Officer
Date: August 28, 1997
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EXHIBIT INDEX
Sequentially
Exhibit Numbered Page
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20. Press Release of Registrant dated
August 28, 1997.
Exhibit 20
FOR IMMEDIATE RELEASE
MERRIMAC ELIMINATES CASH DIVIDEND TO FUEL GROWTH;
EARNINGS TO BE REINVESTED IN THE COMPANY
West Caldwell, N.J., August 28, 1997: Merrimac Industries, Inc. announces that
the Board of Directors, after review of its strategy for growth and relationship
to its cash dividend policy, has determined to reinvest all future earnings in
the Company.
Previously, on July 29, 1997, the Company announced that its Board of Directors
had declared a cash dividend of $.10 per share on its Common Stock. This
dividend will be paid on September 19, 1997 to stockholders of record on
September 5, 1997. Merrimac Industries, Inc. has paid dividends of $.10 per
share quarterly since 1994 and began paying a cash dividend in 1988.
Chairman and CEO Mason N. Carter commented: "Recent revenue growth coupled with
product development, new equipment and process improvement initiatives, require
that earnings and additional capital be reinvested to capitalize on market
opportunities. Merrimac stockholders have recently benefited from stock price
appreciation that we attribute to the revenue growth and positive operating
results. We believe that by reinvesting all earnings in the Company we can
continue this favorable trend."
The statements in this news release include forward-looking statements based on
current management expectations and are subject to risks and uncertainties.
Factors that could cause future results to differ from these expectations
include general economic and industry conditions, competitive products and
pricing pressures, risks relating to governmental regulatory actions in
communications and defense programs, and inventory risks due to technological
innovation. Additional factors to which the Company's performance is subject are
described in the Company's reports filed with the Securities and Exchange
Commission.
Merrimac Industries, Inc., with locations in West Caldwell, NJ and San Jose,
Costa Rica, has approximately 160 employees in the design and manufacture of
high-performance components and subsystems for communications, defense and
aerospace applications. Merrimac (MRM) is listed on the American Stock Exchange.
Contact: Mason N. Carter Fax: (973) 882-5989
Chairman and CEO Email: [email protected]
Phone: (973) 575-1300, Ext. 202 Internet: http://www.merrimacind.com
