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CHICAGO RIVET & MACHINE CO - Quarter Report: 2009 June (Form 10-Q)

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
 
FORM 10-Q
(Mark One)
     
þ   QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 2009
OR
     
o   TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from                      to                     
Commission file number 000-01227
CHICAGO RIVET & MACHINE CO.
(Exact Name of Registrant as Specified in Its Charter)
     
Illinois   36-0904920
(State or Other Jurisdiction   (I.R.S. Employer
of Incorporation or Organization)   Identification No.)
     
901 Frontenac Road, Naperville, Illinois   60563
(Address of Principal Executive Offices)   (Zip Code)
Registrant’s Telephone Number, Including Area Code (630) 357-8500
     Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes þ No o
     Indicate by check mark whether the registrant has submitted electronically and posted on its corporate website, if any, every interactive data file required to be submitted and posted pursuant to Rule 405 of Regulation S-T (section 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes o No o
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):
             
Large accelerated filer o   Accelerated filer o   Non-accelerated filer o
(Do not check if a smaller reporting company)
  Smaller reporting company þ
     Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes o No þ
As of June 30, 2009, there were 966,132 shares of the registrant’s common stock outstanding.
 
 

 


 

CHICAGO RIVET & MACHINE CO.
INDEX
         
    Page  
PART I. FINANCIAL INFORMATION (Unaudited)
       
 
       
    2-3  
 
       
    4  
 
       
    5  
 
       
    6  
 
       
    7-9  
 
       
    10-11  
 
       
    12  
 
       
    13-15  
 EX-31.1
 EX-31.2
 EX-32.1
 EX-32.2

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Item 1. Financial Statements.
CHICAGO RIVET & MACHINE CO.
Condensed Consolidated Balance Sheets
June 30, 2009 and December 31, 2008
                 
    June 30,     December 31,  
    2009     2008  
    (Unaudited)        
Assets
               
 
               
Current Assets:
               
Cash and cash equivalents
  $ 823,426     $ 1,553,226  
Certificates of deposit
    6,739,000       5,997,000  
Accounts receivable, net of allowance of $150,000 and $165,000, respectively
    2,916,648       3,315,748  
Inventories
    4,086,896       5,048,632  
Deferred income taxes
    458,191       504,191  
Prepaid income taxes
    836,726       355,788  
Other current assets
    207,486       234,412  
 
           
 
               
Total current assets
    16,068,373       17,008,997  
 
           
 
               
Property, Plant and Equipment:
               
Land and improvements
    1,029,035       1,029,035  
Buildings and improvements
    6,391,952       6,391,952  
Production equipment and other
    28,232,381       28,163,590  
 
           
 
    35,653,368       35,584,577  
Less accumulated depreciation
    27,648,179       27,184,604  
 
           
Net property, plant and equipment
    8,005,189       8,399,973  
 
           
 
               
Total assets
  $ 24,073,562     $ 25,408,970  
 
           
See Notes to the Condensed Consolidated Financial Statements

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CHICAGO RIVET & MACHINE CO.
Condensed Consolidated Balance Sheets
June 30, 2009 and December 31, 2008
                 
    June 30,     December 31,  
    2009     2008  
    (Unaudited)        
Liabilities and Shareholders’ Equity
               
 
               
Current Liabilities:
               
Accounts payable
  $ 762,599     $ 509,657  
Accrued wages and salaries
    563,736       456,687  
Other accrued expenses
    322,398       292,418  
Unearned revenue and customer deposits
    53,780       376,325  
 
           
Total current liabilities
    1,702,513       1,635,087  
 
               
Deferred income taxes
    796,275       865,275  
 
           
 
               
Total liabilities
    2,498,788       2,500,362  
 
           
 
               
Commitments and contingencies (Note 4)
           
 
               
Shareholders’ Equity:
               
Preferred stock, no par value, 500,000 shares
               
authorized: none outstanding
           
Common stock, $1.00 par value, 4,000,000 shares
               
authorized: 1,138,096 shares issued
    1,138,096       1,138,096  
Additional paid-in capital
    447,134       447,134  
Retained earnings
    23,911,642       25,245,476  
Treasury stock, 171,964 shares at cost
    (3,922,098 )     (3,922,098 )
 
           
Total shareholders’ equity
    21,574,774       22,908,608  
 
           
 
               
Total liabilities and shareholders’ equity
  $ 24,073,562     $ 25,408,970  
 
           
See Notes to the Condensed Consolidated Financial Statements

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CHICAGO RIVET & MACHINE CO.
Condensed Consolidated Statements of Operations
For the Three and Six Months Ended June 30, 2009 and 2008
(Unaudited)
                                 
    Three Months Ended     Six Months Ended  
    June 30,     June 30,  
    2009     2008     2009     2008  
Net sales
  $ 4,679,823     $ 8,047,012     $ 9,439,113     $ 16,461,338  
Cost of goods sold
    4,143,455       6,813,916       8,630,134       13,914,995  
 
                       
 
                               
Gross profit
    536,368       1,233,096       808,979       2,546,343  
Selling and administrative expenses
    1,234,910       1,323,611       2,514,985       2,672,717  
 
                       
 
                               
Operating profit (loss)
    (698,542 )     (90,515 )     (1,706,006 )     (126,374 )
 
                               
Other income and expenses:
                               
Interest income
    25,802       53,925       75,806       129,847  
Other income
    4,282       4,178       7,882       7,778  
 
                       
 
                               
Income (loss) before income taxes
    (668,458 )     (32,412 )     (1,622,318 )     11,251  
Provision (benefit) for income taxes
    (229,000 )     (13,000 )     (559,000 )     3,000  
 
                       
 
                               
Net income (loss)
  $ (439,458 )   $ (19,412 )   $ (1,063,318 )   $ 8,251  
 
                       
 
                               
Average common shares outstanding
    966,132       966,132       966,132       966,132  
 
                       
 
                               
Per share data:
                               
Net income (loss) per share
  $ (0.45 )   $ (0.02 )   $ (1.10 )   $ 0.01  
 
                       
 
                               
Cash dividends declared per share
  $ 0.10     $ 0.18     $ 0.28     $ 0.51  
 
                       
See Notes to the Condensed Consolidated Financial Statements

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CHICAGO RIVET & MACHINE CO.
Condensed Consolidated Statements of Retained Earnings
For the Six Months Ended June 30, 2009 and 2008
(Unaudited)
                 
    2009     2008  
Retained earnings at beginning of period
  $ 25,245,476     $ 26,911,493  
 
Net income (loss) for the six months ended
    (1,063,318 )     8,251  
 
Cash dividends declared in the period; $.28 per share in 2009 and $.51 per share in 2008
    (270,516 )     (492,727 )
 
           
 
Retained earnings at end of period
  $ 23,911,642     $ 26,427,017  
 
           
See Notes to the Condensed Consolidated Financial Statements

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CHICAGO RIVET & MACHINE CO.
Condensed Consolidated Statements of Cash Flows
For the Six Months Ended June 30, 2009 and 2008
(Unaudited)
                 
    2009     2008  
Cash flows from operating activities:
               
Net income (loss)
  $ (1,063,318 )   $ 8,251  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
               
Depreciation
    503,661       534,546  
Net (gain) loss on disposal of equipment
    (1,089 )     3,951  
Deferred income taxes
    (23,000 )     (75,000 )
Changes in operating assets and liabilities:
               
Accounts receivable, net
    399,100       253,384  
Inventories
    961,736       (513,780 )
Other current assets
    (454,012 )     287,226  
Accounts payable
    252,942       188,759  
Accrued wages and salaries
    107,049       58,782  
Other accrued expenses
    29,980       (193,085 )
Unearned revenue and customer deposits
    (322,545 )     (58,629 )
 
           
Net cash provided by operating activities
    390,504       494,405  
 
           
 
               
Cash flows from investing activities:
               
Capital expenditures
    (117,464 )     (157,599 )
Proceeds from the sale of equipment
    9,676       400  
Proceeds from certificates of deposit
    5,597,000       9,950,000  
Purchases of certificates of deposit
    (6,339,000 )     (7,400,000 )
 
           
Net cash (used in) provided by investing activities
    (849,788 )     2,392,801  
 
           
 
               
Cash flows from financing activities:
               
Cash dividends paid
    (270,516 )     (492,727 )
 
           
Net cash used in financing activities
    (270,516 )     (492,727 )
 
           
 
               
Net (decrease) increase in cash and cash equivalents
    (729,800 )     2,394,479  
Cash and cash equivalents at beginning of period
    1,553,226       665,072  
 
           
Cash and cash equivalents at end of period
  $ 823,426     $ 3,059,551  
 
           
 
               
Supplemental schedule of non-cash investing activities:
               
Capital expenditures in accounts payable
  $     $ 26,800  
See Notes to the Condensed Consolidated Financial Statements

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CHICAGO RIVET & MACHINE CO.
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(Unaudited)
1. In the opinion of the Company, the accompanying unaudited interim financial statements contain all adjustments necessary to present fairly the financial position of the Company as of June 30, 2009 (unaudited) and December 31, 2008 (audited) and the results of operations and changes in cash flows for the indicated periods.
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
2. The results of operations for the three and six-month period ending June 30, 2009 are not necessarily indicative of the results to be expected for the year.
3. The Company extends credit on the basis of terms that are customary within our markets to various companies doing business primarily in the automotive industry. The Company has a concentration of credit risk primarily within the automotive industry and in the Midwestern United States.
4. The Company is, from time to time, involved in litigation, including environmental claims and contract disputes, in the normal course of business. While it is not possible at this time to establish the ultimate amount of liability with respect to contingent liabilities, including those related to legal proceedings, management is of the opinion that the aggregate amount of any such liabilities, for which provision has not been made, will not have a material adverse effect on the Company’s financial position.
5. The Company’s federal income tax returns for the 2006 and 2007 are currently under examination by the Internal Revenue Service (“IRS”). The 2008 return is also subject to examination. While it may be possible that a reduction could occur with respect to the Company’s unrecognized tax benefits as an outcome of an IRS examination, management does not anticipate any adjustments that would result in a material change to the results of operations or financial condition of the Company. No statutes have been extended on any of the Company’s federal income tax filings. The statute of limitations on the Company’s 2006, 2007 and 2008 federal income tax returns will expire on September 15, 2010, 2011 and 2012, respectively.
The Company’s state income tax returns for the 2006 through 2008 tax years remain subject to examination by various state authorities with the latest closing period on October 31, 2012. The Company is currently not under examination by any state authority for income tax purposes and no statutes for state income tax filings have been extended.
6. Inventories are stated at the lower of cost or net realizable value, cost being determined by the first-in, first-out method. A summary of inventories is as follows:
                 
    June 30, 2009     December 31, 2008  
Raw material
  $ 1,335,643     $ 1,600,001  
Work-in-process
    1,511,327       1,628,664  
Finished goods
    1,817,926       2,399,967  
 
           
 
    4,664,896       5,628,632  
Valuation reserves
    (578,000 )     (580,000 )
 
           
 
  $ 4,086,896     $ 5,048,632  
 
           

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CHICAGO RIVET & MACHINE CO.
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(Unaudited)
7. Segment Information—The Company operates in two business segments as determined by its products. The fastener segment includes rivets, cold-formed fasteners and screw machine products. The assembly equipment segment includes automatic rivet setting machines, parts and tools for such machines and the leasing of automatic rivet setting machines. Information by segment is as follows:
                                 
            Assembly              
    Fastener     Equipment     Other     Consolidated  
Three Months Ended June 30, 2009:
                               
Net sales
  $ 4,105,171     $ 574,652             $ 4,679,823  
 
                               
Depreciation
    217,670       16,458       19,386       253,514  
 
                               
Segment profit (loss)
    (195,673 )     116               (195,557 )
Selling and administrative expenses
                    (498,703 )     (498,703 )
Interest income
                    25,802       25,802  
 
                             
Loss before income taxes
                            (668,458 )
 
                             
 
                               
Capital expenditures
    47,372                       47,372  
 
                               
Segment assets:
                               
Accounts receivable, net
    2,652,912       263,736               2,916,648  
Inventories
    2,954,378       1,132,518               4,086,896  
Property, plant and equipment, net
    6,259,648       1,029,506       716,035       8,005,189  
Other assets
                    9,064,829       9,064,829  
 
                             
 
                            24,073,562  
 
                             
 
                               
Three Months Ended June 30, 2008:
                               
Net sales
  $ 7,039,556     $ 1,007,456             $ 8,047,012  
 
                               
Depreciation
    227,970       18,522       21,441       267,933  
 
                               
Segment profit
    269,516       171,612               441,128  
Selling and administrative expenses
                    (527,465 )     (527,465 )
Interest income
                    53,925       53,925  
 
                             
Loss before income taxes
                            (32,412 )
 
                             
 
                               
Capital expenditures
    53,020                       53,020  
 
                               
Segment assets:
                               
Accounts receivable, net
    4,556,884       519,145               5,076,029  
Inventories
    4,102,430       1,387,183               5,489,613  
Property, plant and equipment, net
    6,861,157       1,084,905       806,377       8,752,439  
Other assets
                    8,063,083       8,063,083  
 
                             
 
                            27,381,164  
 
                             

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CHICAGO RIVET & MACHINE CO.
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(Unaudited)
                                 
            Assembly              
    Fastener     Equipment     Other     Consolidated  
Six Months Ended June 30, 2009:
                               
Net sales
  $ 7,734,601     $ 1,704,512             $ 9,439,113  
 
                               
Depreciation
    431,973       32,916       38,772       503,661  
 
                               
Segment profit (loss)
    (813,651 )     145,295               (668,356 )
Selling and administrative expenses
                    (1,029,768 )     (1,029,768 )
Interest income
                    75,806       75,806  
 
                             
Loss before income taxes
                            (1,622,318 )
 
                             
 
                               
Capital expenditures
    117,464                       117,464  
 
                               
Six Months Ended June 30, 2008:
                               
Net sales
  $ 14,365,683     $ 2,095,655             $ 16,461,338  
 
                               
Depreciation
    454,620       37,044       42,882       534,546  
 
                               
Segment profit
    596,394       373,717               970,111  
Selling and administrative expenses
                    (1,088,707 )     (1,088,707 )
Interest income
                    129,847       129,847  
 
                             
Income before income taxes
                            11,251  
 
                             
 
                               
Capital expenditures
    184,399                       184,399  

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CHICAGO RIVET & MACHINE CO.
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.
     Results for the second quarter of 2009, as well as those of the current year to date, continued to be negatively impacted by weak economic conditions and the dramatic reduction in domestic vehicle sales compared to a year earlier. Net sales for the second quarter this year totaled $4,679,823, a decline of $3,367,189, or 41.8%, compared to the year earlier quarter. As of June 30, 2009, year to date sales totaled $9,439,113, bringing the current year sales decline to $7,022,225, or 42.7%. Although we continued our progress in reducing expenses during the quarter, cost reductions were not sufficient to offset the effects of the decline in sales. The result was a net loss of $439,458, or $0.45 per share, in the second quarter of 2009 compared to net loss of $19,412, or $0.02 per share, in the second quarter of 2008. For the first half of the year, the net loss was $1,063,318, or $1.10 per share, compared to net income of $8,251, or $0.01 per share, in 2008.
     Fastener segment revenues improved in the second quarter of 2009 to $4,105,171, from $3,629,430 in the first quarter, but trailed revenues in the second quarter of 2008 by $2,934,385, or 41.7%. For the first six months of the year, fastener segment revenues have declined by $6,631,082, or 46.2%, from $14,365,683 to $7,734,601. The decline in sales for the fastener segment is primarily due to the reduction in domestic automotive production, which declined over 50% in the first half of the year. With the majority of our revenue in this segment coming from the automotive sector, we have been particularly vulnerable to the problems in that sector in recent years, which have resulted in two of the former “Big 3” filing for bankruptcy protection earlier this year. During the recent quarter, many automotive companies experienced lengthy production shut-downs in an effort to bring inventories in line with reduced global demand. The current recession has resulted in reduced demand among our non-automotive customers as well. In response to the drop in demand, we have adjusted our operations accordingly. Even though we reduced all major categories of manufacturing costs, these savings did not fully offset the decline in sales volume, resulting in a $514,000 reduction in fastener segment gross margin in the second quarter and a $1,496,000 reduction in the year to date amount, compared to the year earlier periods.
     Revenues within the assembly equipment segment were $574,652 in the second quarter of 2009, a decline of $432,804, or 43%, compared to the second quarter of 2008, when revenues were $1,007,456. This year’s second quarter sales were $555,208 lower than the first quarter, more than offsetting the improvement in fastener segment sales. This decline was due in part to the shipment of certain high dollar orders in the first quarter. Machine sales, which are included in this segment, are particularly sensitive to economic downturns, and we have seen our unit shipments and revenues decline as a result of the current environment. While manufacturing costs were reduced in response to lower demand, these reductions were not sufficient to fully offset the lower revenue, resulting in a $183,000 decline in gross margin, to $113,000, compared to the second quarter of 2008. For the first six months of 2009, revenues in this segment amounted to $1,704,512, a decline of $391,143, or 18.7%, compared to the first six months of 2008. As with second quarter results, the reduction in production related expenses did not keep pace with the decline in revenues on a year to date basis, resulting in a gross margin of approximately $390,000 compared to $632,000 last year.
     Selling and administrative expenses for the second quarter of 2009 were approximately $89,000 lower than during the second quarter of 2008. The second quarter reduction is primarily due to a $57,000 decline in commissions, caused by lower sales activity in the current year quarter, and reduced payroll related expenses of approximately $34,000, due to headcount reductions since the second quarter of last year. On a year to date basis, selling and administrative expenses have declined $158,000 compared to the first six months of 2008. The largest component of the year to date decline is a $110,000 drop in commissions related to lower sales in the current year. The remainder of the net reduction relates to various items, including travel and office supplies, which are lower as a result of cost control efforts.
     Working capital at June 30, 2009 amounted to $14.4 million, a reduction of $1 million from the beginning of the year. Most of the net decline relates to the reduction in inventories, related to lower quantities on hand as well as lower prices for raw materials which had increased dramatically in the second half of 2008. Accounts receivable have declined $.4 million due to the lower sales at the end of the second quarter compared to the end of the year, but this amount is offset by the $.5 million increase in prepaid income taxes created by tax basis losses. Total current liabilities increased slightly during the first half of the year, with the decline in unearned revenue of $.3 million, related to certain large orders that shipped in the first quarter, offset by normal seasonal increases in accounts payable and accrued expenses. The net result of these changes and other cash flow items on cash, cash equivalents and certificates of deposit leaves such total balances relatively unchanged from the beginning of the year at $7.6 million. Management believes that current cash, cash equivalents and operating cash flow will provide adequate working capital for the foreseeable future.

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     The decline in revenues in the second quarter and year to date reflects the depressed levels of production activity in our primary markets, caused by the challenges facing the automotive industry and the distressed economic environment. While there are signs that economic conditions have started to stabilize, we are mindful that few predicted the severity or length of the current crisis and remain cautious in the near-term. Our fastener segment sales in the second quarter were down significantly compared to the year earlier period, but improved compared to the first three months of 2009, offering some optimism as this marked the first quarter-to-quarter increase in two years for this segment. While predicting the timing or strength of any recovery is difficult, we believe our sound financial condition leaves us well positioned to take advantage of opportunities that this environment creates. In response to these difficult market conditions, we will continue our efforts to secure new business while making adjustments to our activities where necessary, without sacrificing the quality that our customers expect.
This discussion contains certain “forward-looking statements” which are inherently subject to risks and uncertainties that may cause actual events to differ materially from those discussed herein. Factors which may cause such differences in events include, those disclosed under “Risk Factors” in our Annual Report on Form 10-K and in the other filings we make with the United States Securities and Exchange Commission. These factors, include among other things: conditions in the domestic automotive industry, upon which we rely for sales revenue, the intense competition in our markets, the concentration of our sales to two major customers, the price and availability of raw materials, labor relations issues, losses related to product liability, warranty and recall claims, costs relating to environmental laws and regulations, the loss of the services of our key employees and difficulties in achieving expected cost savings. Many of these factors are beyond our ability to control or predict. Readers are cautioned not to place undue reliance on these forward-looking statements. We undertake no obligation to publish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

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CHICAGO RIVET & MACHINE CO.
Item 4. Controls and Procedures.
     (a) Disclosure Controls and Procedures. The Company’s management, with the participation of the Company’s Chief Executive Officer and President, Chief Operating Officer and Treasurer (the Company’s principal financial officer), has evaluated the effectiveness of the Company’s disclosure controls and procedures (as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) as of the end of the period covered by this report. Based on such evaluation, the Company’s Chief Executive Officer and President, Chief Operating Officer and Treasurer have concluded that, as of the end of such period, the Company’s disclosure controls and procedures are effective in recording, processing, summarizing and reporting, on a timely basis, information required to be disclosed by the Company in the reports that it files or submits under the Exchange Act.
     (b) Internal Control Over Financial Reporting. There have not been any changes in the Company’s internal control over financial reporting (as such term is defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) during the fiscal quarter to which this report relates that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.

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PART II — OTHER INFORMATION
Item 4. Submission of Matters to a Vote of Security Holders
     The Company’s Annual Meeting of Stockholders was held on May 12, 2009. The only proposal voted upon was the election of eight directors for a term ending at the Annual Meeting in 2010. The eight persons nominated by the Company’s Board of Directors received the following votes and were elected:
                 
NAME   VOTES FOR   VOTES WITHHELD
Michael J. Bourg
    786,818       174,693  
Edward L. Chott
    746,477       194,960  
Kent H. Cooney
    746,945       194,612  
William T. Divane, Jr.
    789,449       173,625  
George P. Lynch
    746,477       194,960  
John R. Madden
    747,106       194,513  
John A. Morrissey
    789,132       173,825  
Walter W. Morrissey
    789,132       173,825  
Item 6. Exhibits
     
31
  Rule 13a-14(a) or 15d-14(a) Certifications
 
   
31.1
  Certification Pursuant to Rule 13a-14(a) or 15d-14(a), as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
 
   
31.2
  Certification Pursuant to Rule 13a-14(a) or 15d-14(a), as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
 
   
32
  Section 1350 Certifications
 
   
32.1
  Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
 
   
32.2
  Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

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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 thereunto duly authorized.
         
  CHICAGO RIVET & MACHINE CO.
                  (Registrant)


 
 
Date: August 11, 2009 /s/ John A. Morrissey    
  John A. Morrissey   
  Chairman of the Board of Directors and Chief
     Executive Officer
     (Principal Executive Officer) 
 
 
     
Date: August 11, 2009  /s/ Michael J. Bourg    
  Michael J. Bourg   
  President, Chief Operating Officer and Treasurer
     (Principal Financial Officer) 
 

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CHICAGO RIVET & MACHINE CO.
EXHIBITS
INDEX TO EXHIBITS
             
Exhibit          
Number       Page  
   
 
       
31  
Rule 13a-14(a) or 15d-14(a) Certifications
       
   
 
       
31.1  
Certification Pursuant to Rule 13a-14(a) or 15d-14(a), as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
    16  
   
 
       
31.2  
Certification Pursuant to Rule 13a-14(a) or 15d-14(a), as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
    17  
   
 
       
32  
Section 1350 Certifications
       
   
 
       
32.1  
Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
    18  
   
 
       
32.2  
Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
    19  

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