Current Report Filing (8-k)
June 09 2015 - 4:29PM
Edgar (US Regulatory)
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)
|
June
9, 2015
|
SPAN-AMERICA MEDICAL SYSTEMS, INC.
|
(Exact name of registrant as specified in its charter)
|
South
Carolina
|
0-11392
|
57-0525804
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(State
or other jurisdiction
of
incorporation)
|
(Commission
File
Number)
|
(IRS
Employer
Identification
No.)
|
70
Commerce Center, Greenville, South Carolina
|
29615
|
(Address
of principal executive offices)
|
(Zip
Code)
|
Registrant’s
telephone number, including area code
|
(864)
288-8877
|
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 8.01 Other Events
On June 9, 2015, Span-America Medical Systems, Inc. issued a press
release announcing it was notified by a major retailer that the Company
has been selected to participate in the retailer’s seasonal fall
promotion. A copy of the press release is attached as Exhibit 99.1 to
this report.
Item 9.01. Financial Statements and Exhibits.
(d)
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Exhibits.
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|
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Exhibit Number
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Description of Exhibit
|
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99.1
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Press release issued June 9, 2015
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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.
|
|
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SPAN-AMERICA
MEDICAL SYSTEMS, INC.
|
|
|
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(Registrant)
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|
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|
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Date:
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June
9, 2015
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|
|
|
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By:
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/s/ Richard C. Coggins
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|
|
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Richard
C. Coggins
|
|
|
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Chief
Financial Officer
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EXHIBIT INDEX
Exhibit
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Description
|
|
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99.1
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Press Release dated June 9, 2015
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Exhibit 99.1
Span-America’s
Consumer Bedding Products Selected for Major Retailer’s Seasonal
Promotion
GREENVILLE, S.C.--(BUSINESS WIRE)--June 9, 2015--Span-America Medical
Systems, Inc. (NASDAQ:SPAN) announced that it was notified by a major
retail customer that the Company has been selected as a supplier of
consumer bedding products for the retailer’s seasonal promotion in the
fall of 2015. The Company expects that the promotion will be comparable
in size to the promotions in which Span-America participated during the
fall seasons of fiscal years 2012 and 2013. Span-America did not
participate in a seasonal promotion in fiscal year 2014.
“We are pleased that Span-America has been notified that we will likely
be a supplier of consumer bedding products for one of our customer’s
seasonal promotions,” stated Jim Ferguson, President and Chief Executive
Officer of Span-America. “We expect to begin building inventory for the
promotion in our fourth quarter of fiscal 2015 and to ship the
promotional products in October and November of 2015, which will be in
the first quarter of our 2016 fiscal year.
“We are encouraged that our consumer bedding products have been picked
for this promotion and believe it will have a positive impact on our
sales and earnings performance for the first quarter of fiscal 2016. As
with prior sales promotions that we participated in with this customer,
we do not have a written agreement at this time and cannot give complete
assurance that we will be awarded the business, but we expect to receive
a written purchase order by approximately September 2015 based on past
experience,” concluded Mr. Ferguson.
About Span-America Medical Systems, Inc.
Span-America manufactures and markets a comprehensive selection of
pressure management products for the medical market, including Geo-Matt®,
PressureGuard®, Geo-Mattress®, Custom
Care®, Span+Aids®, Isch-Dish®,
Risk Manager® and Selan® products. We
also supply custom foam and packaging products to the consumer
and industrial markets. Through our wholly-owned subsidiary Span Medical
Products Canada Inc., we manufacture and market the M.C. Healthcare
Products brands of Encore™, Maxxum, Advantage and Rexx bed frames as
well as related case goods, tables and seating products for the
long-term care market. Span-America’s stock is traded on The
NASDAQ Global Market under the symbol “SPAN.” For more information,
visit www.spanamerica.com and www.mchealthcare.com.
Forward-Looking Statements
We have made forward-looking statements in this release regarding, among
other things, our expectations for future sales and earnings
performance. We wish to caution the reader that these statements are
only predictions. These forward-looking statements may be generally
identified by the use of forward-looking words and phrases such as
“will,” “intends,” “may,” “believes,” “anticipates,” “should” and
“expects,” and are based on the company’s current expectations or
beliefs concerning future events that involve risks and uncertainties.
Actual events or results may differ materially as a result of risks and
uncertainties facing the company, including: (a) the inability to
achieve anticipated sales growth in the medical and custom products
segments, (b) the possibility of a loss of a key customer or distributor
for our products, (c) risks related to international operations and
foreign currency exchange associated with our Canadian subsidiary, (d)
the possibility of having material uncollectible receivables from one or
more key customers or distributors, (e) the potential for volatile
pricing conditions in the market for polyurethane foam, (f) raw material
cost increases, (g) the possibility that some or all of our medical
products could be determined to be subject to the 2.3% medical device
excise tax imposed by the Affordable Care Act, (h) the potential for
lost sales due to competition from low-cost foreign imports, (i) changes
in relationships with large customers or key suppliers, (j) uncertainty
about whether or not we will be awarded or continue to be awarded
one-time seasonal promotions with major retailers, which can have a
large impact on annual revenues and earnings, (k) the impact of
competitive products and pricing, (l) government reimbursement changes
in the medical market, (m) FDA and Health Canada regulation of medical
device manufacturing and (n) other risks referenced from time to time in
our Securities and Exchange Commission filings. We disclaim any
obligation to update publicly any forward-looking statement, whether as
a result of new information, future events or otherwise. We are not
responsible for changes made to this document by wire services or
Internet services.
CONTACT:
Span-America Medical Systems, Inc.
Jim Ferguson,
864-288-8877, ext. 6912
President and Chief Executive Officer
Span America (NASDAQ:SPAN)
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