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
Date of Report (Date of earliest event reported): September 10, 2009
BRADY CORPORATION
(Exact name of registrant as specified in its charter)
Commission File Number 1-14959
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| Wisconsin
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39-0971239 |
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(IRS Employer Identification No.) |
6555 West Good Hope Road
Milwaukee, Wisconsin 53223
(Address of Principal Executive Offices and Zip Code)
(414) 358-6600
(Registrant’s Telephone Number)
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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c)) |
Item 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION
On September 11, 2009, Brady Corporation (the “Corporation”) issued a press release announcing
its fiscal 2009 fourth quarter financial results. A copy of the press release is being furnished
to the Securities and Exchange Commission as Exhibit 99.1 attached hereto and is incorporated
herein by reference.
Item 7.01 REGULATION FD DISCLOSURE
During
the Corporation’s fourth quarter earnings conference call, on September 11, 2009, the
Corporation provided additional guidance for fiscal 2010 and stated that the forecasted revenues for
fiscal 2010 are expected to be flat with fiscal 2009 revenues.
Item 8.01 OTHER EVENTS
Increase in Annual Dividend
On September 10, 2009, the Corporation announced that its Board of Directors had increased the
annual cash dividend on its Class A Common Stock from $0.68 to $0.70 per share. A quarterly
dividend in the amount of $0.175 per share will be paid on October 30, 2009, to shareholders of
record as of the close of business on October 9, 2009. A copy of the press release regarding the
dividend is attached hereto as Exhibit 99.2 and is incorporated herein by reference.
Director Compensation
On September 10, 2009, the Corporation’s Board of Directors authorized an increase in
compensation paid to its non-management Directors. Pursuant to the Board action, the annual cash
retainer paid to non-management Directors will increase from $35,000 to $45,000 effective at the
annual Board of Directors meeting to be held on November 19, 2009, and the annual grant of stock
options to each non-management Director will increase from 6,000 shares to 8,400 shares effective
with the annual grant on September 25, 2009. The remaining components of director compensation
remain unchanged.
Item 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits.
The following are filed as Exhibits to this Report.
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| Exhibit No. |
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Description of Exhibit |
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99.1
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Press Release of Brady Corporation, dated September 11, 2009, relating to fourth
quarter fiscal 2009 financial results. |
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99.2
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Press Release of Brady Corporation, dated September 10, 2009, related to increase in
quarterly dividend. |