SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) MAY 19, 1998
AMERICAN LOCKER GROUP INCORPORATED
(Exact name of registrant as specified in its charter)
DELAWARE 0-439 16-0338330
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
608 ALLEN STREET, JAMESTOWN, NEW YORK 14701
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 716-664-9600
(Former name or former address, if changed since last report.)
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Item 5. Other Events.
On May 19, 1998, the Board of Directors of Registrant declared a four for
one stock dividend (i.e. three additional shares will be distributed for each
share currently held). The dividend is to be distributed on June 25, 1998 to
shareholders of record on June 4, 1998. A copy of the Registrant's Press Release
dated May 19, 1998 is attached hereto as an Exhibit.
Pursuant to the requirement 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 LOCKER GROUP INCORPORATED
MAY 19, 1998 /S/HAROLD J. RUTTENBERG
(Date) -------------------------------------
Harold J. Ruttenberg
Chairman, Chief Executive Officer and Treasurer
<PAGE>
INDEX
Exhibit Press Release Prior Filing or
No. 99.1 dated May 19, 1998 Sequential Page
No. Herein:
FOR FURTHER INFORMATION CONTACT:
HAROLD J. RUTTENBERG
PHONE: (412)687-1400
FAX #: (412)687-1410
RELEASE NO.: 98-03
FOR IMMEDIATE RELEASE: TUESDAY, MAY 19, 1998
JAMESTOWN, NY - THE BOARD OF DIRECTORS OF AMERICAN LOCKER GROUP INCORPORATED
(ALGI) DECLARED TODAY A STOCK DIVIDEND FOR SHAREHOLDERS OF RECORD AS OF JUNE 4,
1998. THIS DIVIDEND WILL PROVIDE THREE (3) NEW SHARES OF COMMON STOCK FOR EVERY
SHARE CURRENTLY OUTSTANDING, THEREBY INCREASING THE TOTAL SHARES OUTSTANDING TO
APPROXIMATELY 2.5 MILLION (2,500,000), INCLUDING THOSE SUBJECT TO OPTION. THIS
ACTION WILL ALSO CAUSE THE COMPANY TO COME IN COMPLIANCE WITH THE NASDAQ LISTING
REQUIREMENTS WHICH REQUIRE A MINIMUM NUMBER OF SHARES HELD BY NON-AFFILIATES OF
THE COMPANY. DISTRIBUTION OF THE CERTIFICATES FOR NEW SHARES IS ANTICIPATED TO
COMMENCE ON JUNE 25, 1998 TO SHAREHOLDERS OF RECORD AS OF JUNE 4, 1998.
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