================================================================================
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
----------
FORM 6-K
----------
REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
REPORT ON FORM 6-K DATED October 13, 2010
Commission File Number: 000-51183
----------
SHAMIR OPTICAL INDUSTRY LTD.
(Translation of Registrant's Name Into English)
----------
Kibbutz Shamir, Upper Galilee, 12135
(Address of principal executive offices)
----------
(Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F).
Form 20-F [X] Form 40-F [_]
(Indicate by check whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934).
Yes [_] No [X]
(If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b);82-_______)
This report on Form 6-K is hereby incorporated by reference into the
registration statements on Form S-8 filed by the Registrant with the Securities
and Exchange Commission on September 28, 2006 (File No. 333-137628), on
September 10, 2007 (File No. 333-137628) and on September 10, 2008 (File No.
333-153396).
================================================================================
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.
Shamir Optical Industry Ltd.
(Registrant)
Date: October 13, 2010
By: /s/ David Bar-Yosef
------------------------------
David Bar-Yosef, Advocate
General Counsel
Investor Relations Contacts:
Roni Gavrielov Jeffrey Goldberger/Marybeth Csaby
KM / KCSA Investor Relations KCSA Strategic Communications
+972-3-516-7620 212-896-1249/212-896-1236
roni@km-ir.co.il jgoldberger@kcsa.com / mcsaby@kcsa.com
SHAMIR OPTICAL INDUSTRY LTD.
ANNOUNCES DECLARATION OF A CASH DIVIDEND
KIBBUTZ SHAMIR, ISRAEL, OCTOBER 13, 2010 - Shamir Optical Industry Ltd.
(Nasdaq: SHMR) ("SHAMIR"), a leading provider of innovative products and
technology to the ophthalmic lens market, announced today that its board of
directors had declared a dividend distribution in an aggregate amount of US$
13.5 million (approximately NIS 48.87 million based on the October 12, 2010
representative rate of exchange), or approximately US$ 0.804 (approximately NIS
2.91 based on the October 12, 2010 representative rate of exchange) per ordinary
share based on the number of outstanding shares of Shamir as of the date hereof.
The dividend will be payable on or about November 24, 2010, to shareholders
of record as of the close of business on November 8, 2010.
The dividend will be paid to Shamir shareholders in US Dollars, except for
holders of Shamir shares traded on Tel-Aviv Stock Exchange (I.E., shares
registered in the name of the nominee company of Bank Hapoalim Ltd.), who will
be paid in NIS according to the representative rate of exchange published by the
Bank of Israel on November 23, 2010.
ABOUT SHAMIR
Shamir is a leading provider of innovative products and technology to the
spectacle lens market. Utilizing its proprietary technology, the company
develops, designs, manufactures, and markets progressive lenses to sell to the
ophthalmic market. In addition, Shamir utilizes its technology to provide design
services to optical lens manufacturers under service and royalty agreements.
Progressive lenses are used to treat presbyopia, a vision condition where the
eye loses its ability to focus on close objects. Progressive lenses combine
several optical strengths into a single lens to provide a gradual and seamless
transition from near to intermediate, to distant vision. Shamir differentiates
its products from its competitors' primarily through lens design. Shamir's
leading lenses are marketed under a variety of trade names, including Shamir
Genesis(TM), Shamir Piccolo(TM), Shamir Office(TM) and Shamir Autograph(TM).
Shamir believes that it has one of the world's preeminent research and
development teams for progressive lenses, molds, and complementary technologies
and tools. Shamir developed software dedicated to the design of progressive
lenses. This software is based on Shamir's proprietary mathematical algorithms
that optimize designs of progressive lenses for a variety of activities and
environments. Shamir also has created software tools specifically designed for
research and development and production requirements, including Eye Point
Technology software, which simulates human vision.
SAFE HARBOR STATEMENT
Statements concerning Shamir's business outlook or future economic
performance; product introductions and plans and objectives related thereto; and
assumptions made or expectations as to any future events, conditions,
performance or other matters, are "forward-looking statements" as that term is
defined under U.S. federal securities laws. Forward-looking statements are
subject to various risks, uncertainties and other factors that could cause
actual results to differ materially from those stated in such statements. These
risks, uncertainties and factors include, but are not limited to: the conflicts
in the region; the effects of competition in our industry, and changes in our
relationships with optical laboratories, distributors, research and development
partners and other third parties; the effects of the international expansion of
our operations and our ability to manage our growth, including our ability to
manage potential future acquisitions; the effect of global economic conditions
in general and conditions in Shamir's industry and target markets in particular;
shifts in supply and demand; market acceptance of new products and continuing
products' demand; the impact of competitive products and pricing on Shamir's and
its customers' products and markets; timely product and technology
development/upgrades and the ability to manage changes in market conditions as
needed; interest rate fluctuations; and other factors detailed in Shamir's
filings with the Securities and Exchange Commission. Shamir assumes no
obligation to update the information in this release.
