================================================================================
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): July 26, 2005
ACME UNITED CORPORATION
(Exact Name of Registrant as Specified in its Charter)
------------------
Connecticut 001-07698 06-0236700
(State of Other Jurisdiction of (Commission (IRS Employer
Incorporation or Organization) File Number) Identification)
1931 Black Rock Turnpike, Fairfield, Connecticut 06825
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (203) 332-7330
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 (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))
This Current Report on Form 8-K is being filed by Acme United Corporation
(the "Company") solely to report the information set forth in Item 1 hereof.
Item 1. Registrant's Business and Operations
Item 1.01 Entry into a Material Definitive Agreement
On July 26, 2005, the Compensation Committee of the Board of Directors awarded
cash bonuses to officers and other members of the Company's management. These
bonuses constitute a portion of the annual cash bonuses which the Compensation
Committee estimates will be payable to such persons for services rendered during
fiscal 2005. The Company will pay the cash bonuses on August 1, 2005. The cash
bonuses awarded to the Company's Chief Executive Officer and the four remaining
most highly paid executive officers are as follows:
Walter Johnsen, President and CEO, $100,000; Brian Olschan, Executive Vice
President, $75,000; Paul Driscoll, Chief Financial Officer, $40,000; James
Benkovic, Vice President of Sales, $40,000; and Larry Buchtmann, Vice President
of Operations and Technology, $10,000.
*****
Signature
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 thereunto duly authorized.
ACME UNITED CORPORATION
Date: July 28, 2005 By: /s/ Paul G. Driscoll
------------------------------------
Paul G. Driscoll
Vice President and Chief Financial
Officer