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): September 21, 2015

 

 

ALPHA PRO TECH, LTD.

(Exact Name of Registrant as Specified in Charter)

 

 

 

Delaware

01-15725

63-1009183

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(I.R.S. Employer

Identification No.)

 

 

60 Centurian Drive, Suite 112

Markham, Ontario

 

 

L3R 9R2

(Address of Principal Executive Offices)

 

(Zip Code)

 

 

(905) 479-0654

(Registrant’s telephone number, including area code)

 

 

N/A

(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:

 

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 5.02.

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On September 21, 2015, Sheldon Hoffman, the Chief Executive Officer of Alpha Pro Tech, Ltd. (the “Company”), notified the Company of his decision to retire from his position, effective immediately. Mr. Hoffman also retired as a member of the Company’s Board of Directors (the “Board”).

 

On September 23, 2015, the Board voted to appoint Alexander W. Millar to be Mr. Hoffman’s successor as Chief Executive Officer of the Company, effective immediately. Mr. Millar has served as the President of the Company since August 1, 1989. Additional information with respect to Mr. Millar can be found in the proxy statement for the Company’s 2015 Annual Meeting of Shareholders, which was filed with the Securities and Exchange Commission on April 30, 2015.

 

Item 8.01

Other Events.

 

On September 23, 2015, the Company issued a press release announcing the retirement of Mr. Hoffman and the appointment of Mr. Millar as described above. A copy of the press release is attached hereto as Exhibit 99.1.

 

Item 9.01

Financial Statements and Exhibits.

 

(d)           Exhibits

 

Exhibit No.      Exhibit

 

99.1                  Press Release dated September 23, 2015.

 

 
 

 

 

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.

 

 

 

ALPHA PRO TECH, LTD.

 

 

 

 

 

Date: September 24, 2015 

By:

/s/  Lloyd Hoffman

 

 

 

Lloyd Hoffman

 

 

 

Chief Financial Officer

 

 



Exhibit 99.1

 

 

Alpha Pro Tech 

          L T D.                                        

 

ALPHA PRO TECH CEO SHELDON HOFFMAN RETIRES

 

Company President Al Millar to Succeed Hoffman as CEO

 

 

 

FOR IMMEDIATE RELEASE

 

Company Contact

Investor Relations Contact: 

Alpha Pro Tech, Ltd.

Al Millar/Donna Millar

905-479-0654 

e-mail: ir@alphaprotech.com

Hayden IR

Cameron Donahue

651-653-1854

e-mail: cameron@haydenir.com 

 

 

 

Nogales, Arizona – September 23, 2015 – Alpha Pro Tech, Ltd. (NYSE MKT: APT), a leading manufacturer of products designed to protect people, products and environments, including disposable protective apparel and building products, today announced that the company’s CEO and co-founder, Sheldon Hoffman, has decided to retire as CEO and as a director of the company, effective as of September 21, 2015.

 

“Shelly has been an instrumental leader and has done an exceptional job of establishing and growing our company from the ground up,” commented Al Millar, President of Alpha Pro Tech. “We are grateful for his innumerable contributions and his dedication, continuously serving our company and our shareholders as CEO and as a director for the last 26 years. It has been a privilege for me to serve alongside Shelly as a co-founder of our company, building it into the profitable organization that it is today, driven by organically-developed product lines.”

 

Effective immediately, Al Millar will assume the role of CEO in addition to his current role as President of the company. The vacancy on the Board of Directors created by Mr. Hoffman’s retirement is not being filled at this time. The Board of Directors expects to appoint a director to replace Mr. Hoffman in the near future.

 

About Alpha Pro Tech, Ltd.

 

Alpha Pro Tech, Ltd. is the parent company of Alpha Pro Tech, Inc. and Alpha Pro Tech Engineered Products, Inc. Alpha Pro Tech, Inc. develops, manufactures and markets innovative disposable and limited-use protective apparel products for the industrial, clean room, medical and dental markets. Alpha ProTech Engineered Products, Inc. manufactures and markets a line of construction weatherization products, including building wrap and roof underlayment. The Company has manufacturing facilities in Salt Lake City, Utah; Nogales, Arizona; Valdosta, Georgia; and a joint venture in India. For more information and copies of all news releases and financials, visit Alpha Pro Tech’s website at http://www.alphaprotech.com.

 

 
 

 

 

Certain statements made in this press release constitute “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include any statement that may predict, forecast, indicate or imply future results, performance or achievements instead of historical facts and may be identified generally by the use of forward-looking terminology and words such as “expects,” “anticipates,” “estimates,” “believes,” “predicts,” “intends,” “plans,” “potentially,” “may,” “continue,” “should,” “will” and words of similar meaning. Without limiting the generality of the preceding statement, all statements relating to estimated and projected earnings, margins, costs, expenditures, cash flows, sources of capital, growth rates, product offerings and future financial and operating results are forward-looking statements. We caution investors that any such forward-looking statements are only estimates based on current information and involve risks and uncertainties that may cause actual results to differ materially from the results contained in the forward-looking statements. We cannot give assurances that any such statements will prove to be correct. Factors that could cause actual results to differ materially from those estimated by us include the risks, uncertainties and assumptions described from time to time in our public releases and reports filed with the Securities and Exchange Commission, including, but not limited to, our most recent Annual Report on Form 10-K. We also caution investors that the forward-looking information described herein represents our outlook only as of this date, and we undertake no obligation to update or revise any forward-looking statements to reflect events or developments after the date of this press release. Given these uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results.

 

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