UNITED STATES | ||||
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 7, 2010 | ||||
A. T. CROSS COMPANY | ||||
Rhode Island | 1-6720 | 05-0126220 | ||
One Albion Road, Lincoln, Rhode Island | 02865 | |||
Registrant's telephone number, including area code(401) 333 1200 N/A | ||||
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)) |
Section 1 - Registrant's Business and Operations
Item 1.01 Entry into a Material Definitive Agreement.
Effective July 7, 2010 A.T. Cross Company (the "Company") entered into a Stock Redemption Agreement with Galal Doss, a director and major stockholder of the Company, to purchase 1.25 million of the Company's Class A common stock for total consideration of $5,040,000. The Board of Directors approved the transaction following the review and recommendation by a committee comprised of certain independent directors of the Board.
A copy of the Stock Redemption Agreement is attached hereto as Exhibit 99.1, which is incorporated herein by reference.
The Company completed the stock purchase on July 8, 2010. A copy of the press release announcing the transaction is attached hereto as Exhibit 99.2, which is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit No. | Exhibit |
99.1 | Stock Redemption Agreement |
99.2 | Press Release. |
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.
A. T. CROSS COMPANY | |
Date:July 9, 2010 | KEVIN F. MAHONEY |