sec document
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) March 26, 2007
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SL INDUSTRIES, INC.
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(Exact name of registrant as specified in charter)
New Jersey 1-4987 21-0682685
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
520 Fellowship Road, Suite A114, Mount Laurel, New Jersey 08054
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (856) 727-1500
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N/A
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(Former name or former 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 (SEE General Instruction A.2. below):
|_| 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))
ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
The Board of Directors of SL Industries, Inc., a New Jersey corporation
(the "Company") authorized the repurchase of up to 560,000 shares of its common
stock, $0.20 par value per share. On March 27, 2007, in connection with the
share repurchase program authorized by the Board, the Company entered into a
Rule 10b5-1 sales trading plan agreement with Mutual Securities, Inc. (the
"Trading Plan Agreement"), which is effective from and including March 30, 2007
through March 30, 2008, unless earlier terminated.
A copy of the Trading Plan Agreement is attached hereto as Exhibit 10.1
and is incorporated by reference herein.
ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
On March 26, 2007, the Company announced its financial results for the
fourth quarter and fiscal year ended December 31, 2006. A copy of the press
release is furnished as Exhibit 99.1 to this report.
The information furnished pursuant to this Item 2.02 of this Current
Report on Form 8-K, including Exhibit 99.1 hereto, shall not be considered
"filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as
amended, or otherwise subject to the liability of such section, nor shall it be
incorporated by reference into future filings by the Company under the
Securities Act of 1933, as amended, or under the Securities Act of 1934, as
amended, unless the Company expressly sets forth in such future filing that such
information is to be considered "filed" or incorporated by reference therein.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits
Exhibit No. Description
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10.1 Sales Trading Plan Agreement, dated March 27, 2007,
between the SL Industries, Inc. and Mutual
Securities, Inc.
99.1 Press Release dated March 26, 2007.
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.
SL INDUSTRIES, INC.
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(Registrant)
Date: March 27, 2007
By: /s/ David R. Nuzzo
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Name: David R. Nuzzo
Title: Vice President and Chief
Financial Officer