UNITED
STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C.
20549
Form SD
SPECIALIZED DISCLOSURE
REPORT
TOROTEL, INC.
(Exact Name of
Registrant as Specified in Charter)
MISSOURI
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001-8125
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44-0610086
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(State or Other
Jurisdiction of
Incorporation)
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(Commission File
Number)
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(IRS Employer
Identification Number)
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520 N.
Rogers Road, Olathe, KS
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66062
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(Address of Principal
Executive Offices)
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(Zip Code)
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Heath
C. Hancock
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(913)
747-6111
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(Name and telephone number, including area
code, of the person to contact
in connection with this report.)
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Check the appropriate
box to indicate the rule pursuant to which this form is being
filed, and provide the period to which the information in this form
applies:
x
Rule 13p-1 under the Securities Exchange Act (17 CFR
240.13p-1) for the reporting period from January 1 to
December 31, 2019.
Section 1 - Conflict
Minerals Disclosure
Item
1.01 Conflict Minerals Disclosure
Torotel, Inc.
(herein referred to as “Torotel,” “it,” “our,” or “we”) has
evaluated its current product lines and determined that certain
products it manufactured during the calendar year ended
December 31, 2019 contained tin, tungsten, tantalum and/or
gold (“3TG”), which were necessary to the functionality or
production of such products (collectively, the “Necessary Conflict
Minerals”). We have performed a reasonable country of origin
inquiry with our suppliers regarding those Necessary Conflict
Minerals that was reasonably designed to determine whether any of
the conflict minerals originated in the Democratic Republic of the
Congo or an adjoining country (collectively, the “Covered
Countries”). Based on our reasonable country of origin
inquiry, we have determined that the Necessary Conflict Minerals
did not originate within the Covered Countries.
Conflict Minerals
Disclosure
Torotel and its
subsidiaries specializes in the custom design and manufacture of a
wide variety of precision magnetic components, consisting of
transformers, inductors, reactors, chokes, toroidal coils, high
voltage transformers, dry-type transformers, and electro-mechanical
assemblies.
In accordance with
Rule 13p-1, we conducted an analysis of our products
manufactured during the calendar year ended December 31, 2019
and have determined that they do contain 3TG content. However,
based on our reasonable country of origin inquiry, we have
determined that the Necessary Conflict Minerals did not originate
within the Covered Countries.
In order to conduct our
reasonable country of origin inquiry, we conducted an analysis and
survey of our suppliers using the template developed by the
Electronic Industry Citizenship Coalition® (EICC®) and The Global
e-Sustainability Initiative, known as the CFSI Reporting Template
(the “Template”). We required each of our direct suppliers
that provide products to us that contain Necessary Conflict
Minerals to complete the Template and additionally required our
direct suppliers to require the same of each of their direct
suppliers. The Template was developed to facilitate
disclosure and communication of information regarding smelters that
provide material to a company’s supply chain. It includes questions
regarding a company’s conflict-free policy, engagement with its
direct suppliers, and a listing of the smelters the company and its
suppliers use. In addition, the Template contains questions about
the origin of conflict minerals included in their products, as well
as supplier due diligence.
Through usage of this
Template, we believe that seeking information about 3TG smelters
and refiners in our supply chain represents the most reasonable
effort we can make to determine the mines or locations of origin of
the Necessary Conflict Minerals.
Based on the reasonable
country of origin inquiry described above, Torotel has in good
faith concluded that it has no reason to believe that the 3TG
contained in materials, components or products supplied to it for
the period covered by this report originated in any of the Covered
Countries or came from recycled scrap sources.
Torotel’s Conflict
Minerals Policy and a copy of this Form SD are publicly
available on our Internet website at:
http://www.torotelinc.com/Home.aspx The content of our
website as referred to in this Form SD is included for general
information only and is not incorporated by reference into this
Form SD.
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