Filing Analysis
Acme United Corporation issued an 8-K to announce its quarterly financial results for the period ending June 30, 2026. The filing serves as a formal announcement of the earnings release via press release.
📋 Key Facts
- Report date: July 23, 2026
- Reporting period: Quarter ended June 30, 2026
- The company issued a press release (Exhibit 99.1) containing the financial results.
- Signed by Walter C. Johnsen (CEO) and Paul G. Driscoll (CFO).
Acme United Corp entered into a new $65 million syndicated credit facility with HSBC Bank USA and City National Bank on July 15, 2026. This agreement replaces an existing facility expiring in 2027 and extends the company's liquidity runway through July 2029.
🚩 Red Flags
- The new agreement is secured by a first-priority lien on substantially all assets of the Company.
📋 Key Facts
- New $65 million syndicated credit facility entered into on July 15, 2026.
- Lenders include HSBC Bank USA, N.A. (Administrative Agent) and City National Bank.
- Facility expires on July 15, 2029, extending liquidity beyond the previous expiration of May 31, 2027.
- Interest rate is Term SOFR plus a margin of 2.00%–2.75%, based on Net Funded Debt to EBITDA ratio.
- Includes a 0.25% per annum commitment fee on unused amounts.
- The agreement is secured by a first-priority lien on substantially all company assets.
- Initial opening balance of $28.5 million was used to payoff the prior credit facility.
- Maintenance covenants include Max Net Funded Debt/EBITDA of 3.75x and Min Fixed Charge Coverage Ratio of 1.10x.
Acme United Corporation reported the results of its 2026 Annual Meeting of Shareholders held on April 27, 2026. Shareholders elected seven directors, approved an amendment to the 2022 Employee Stock Option Plan, and ratified the company's independent auditor for the 2026 fiscal year.
📋 Key Facts
- Seven directors were elected to the board, including Chairman and CEO Walter C. Johnsen and President Brian S. Olschan.
- The amendment to the 2022 Employee Stock Option Plan was approved with 1,951,474 votes for and 925,794 votes against.
- The non-binding advisory resolution to approve executive compensation passed with approximately 96% of the votes cast (excluding broker non-votes).
- CBIZ CPA's, P.C. was ratified as the independent registered public accounting firm for the fiscal year ending December 31, 2026, with 3,413,803 votes in favor.
Acme United Corporation announced its financial results for the first quarter ended March 31, 2026. The disclosure was made via a press release attached as Exhibit 99.1.
📋 Key Facts
- Financial results reported for the quarter ended March 31, 2026
- Filing date of April 23, 2026
- Item 2.02 disclosure regarding results of operations and financial condition
- Press release dated April 23, 2026, included as Exhibit 99.1
Acme United Corporation announced its financial results for the fourth quarter and fiscal year ended December 31, 2025. The disclosure was made via a press release attached as Exhibit 99.1 to the filing.
📋 Key Facts
- The filing reports financial results for the quarter ended December 31, 2025.
- The report was filed under Item 2.02 (Results of Operations and Financial Condition).
- The announcement was made on February 26, 2026.
- The filing includes Exhibit 99.1, which is the press release detailing the financial performance.
Acme United Corporation completed the acquisition of substantially all assets from SLED Distribution, LLC (d/b/a My Medic) and Rapid Medical, LLC for a maximum purchase price of $18.7 million. The deal includes manufacturing and marketing businesses focused on emergency and first aid products.
🚩 Red Flags
- Significant portion of the purchase price ($3.1M) is held back for indemnification claims, indicating potential post-closing liability risks.
- Contingent consideration ($1.0M) tied to future revenue milestones adds uncertainty to total deal cost.
📋 Key Facts
- Acquisition closed on January 15, 2026.
- Maximum purchase price is $18,700,000.
- Initial cash payment at closing was $14.6 million.
- $1.0 million of the balance is contingent upon revenue milestones through December 31, 2027.
- $3.1 million is subject to a holdback for potential indemnification claims.
- Acquired assets include inventory, IP (patents/trademarks), and customer relationships; excluded liabilities include pre-closing taxes and operations.
Acme United Corporation filed an 8-K to announce its quarterly financial results for the period ending September 30, 2025. The filing serves as a formal announcement of the earnings release issued on October 21, 2025.
📋 Key Facts
- The company released financial results for the quarter ended September 30, 2025.
- The announcement was made via press release dated October 21, 2025.
- The filing includes Exhibit 99.1 containing the full press release.
Acme United Corporation filed an 8-K to announce the release of its financial results for the fiscal quarter ended June 30, 2025. The filing serves as a formal notification of the earnings press release issued on July 23, 2025.
📋 Key Facts
- Company announced quarterly financial results for the period ending June 30, 2025.
- The announcement was made via press release dated July 23, 2025.
- The filing includes Exhibit 99.1 containing the press release.
Acme United Corp has entered into Amendment No. 11 to its existing Loan and Security Agreement with HSBC Bank USA, N.A. The amendment extends the maturity date of its $65 million secured revolving credit facility by one year.
🚩 Red Flags
- The extension of a debt maturity suggests the company is managing its liquidity profile, though the one-year extension is a standard refinancing/extension tactic.
📋 Key Facts
- Effective Date: June 26, 2025
- Amendment No. 11 to Loan and Security Agreement dated April 5, 2012
- Lender: HSBC Bank USA, N.A.
- Facility Amount: $65 million secured revolving credit facility
- Maturity Extension: From May 31, 2026, to May 31, 2027
- All other terms of the original Loan Agreement remain unchanged.
Acme United Corp reported the results of its 2025 Annual Meeting of Shareholders held on April 21, 2025. All proposals, including director elections and auditor ratification, were approved by shareholders.
📋 Key Facts
- Annual Meeting of Shareholders held on April 21, 2025.
- All seven proposed directors (Johnsen, Holden, Olschan, Murphy, Davidson, Barker, Conway) were elected.
- Shareholders approved the non-binding advisory vote on executive compensation (Say-on-Pay).
- Shareholders voted for an annual frequency for the Say-on-Pay resolution.
- Shareholders ratified the appointment of CBIZ CPA's, P.C. as independent auditors for fiscal year ending Dec 31, 2025.
Acme United Corporation filed an 8-K to announce the release of its financial results for the fiscal quarter ended March 31, 2025. The filing serves as a formal notification of the earnings press release issued on April 17, 2025.
📋 Key Facts
- Reporting date: April 17, 2025
- Period covered: Quarter ended March 31, 2025
- The filing includes a press release as Exhibit 99.1 regarding results of operations and financial condition.
Acme United Corporation announced the resignation of Marcum LLP as its independent registered public accounting firm following CBIZ CPAs P.C.'s acquisition of Marcum's attest business. The company has appointed CBIZ as its new independent auditor.
🚩 Red Flags
- None identified; the change is due to a third-party acquisition rather than internal disputes.
📋 Key Facts
- Marcum LLP resigned as independent auditor on March 24, 2025.
- The resignation is a direct result of CBIZ CPAs P.C. acquiring the attest business of Marcum LLP on November 1, 2024.
- CBIZ was engaged by the Audit Committee to serve as the new independent auditor on March 24, 2025.
- The company stated there were no disagreements with Marcum regarding accounting principles, practices, or auditing scope for fiscal years 2023, 2024, or the period through March 24, 2025.
Acme United Corp issued an 8-K to announce its financial results for the fiscal quarter ended December 31, 2024. The filing serves as a formal announcement of the earnings release via press release.
📋 Key Facts
- Report date: February 28, 2025
- Reporting period: Quarter ended December 31, 2024
- The company issued a press release (Exhibit 99.1) containing financial results.
- Signed by Walter C. Johnsen (CEO) and Paul G. Driscoll (CFO).
Acme United Corp filed an 8-K to announce the issuance of a press release containing its financial results for the quarter ended September 30, 2024.
📋 Key Facts
- The filing is a standard announcement of quarterly earnings (Item 2.02).
- Reporting period: Quarter ended September 30, 2024.
- Filing date: October 18, 2024.
Acme United Corp filed an amendment (8-K/A) to correct a typographical error in its previous earnings release. The correction pertains to net sales for the quarter ended June 30, 2023, adjusting the figure from $55.3 million to $53.3 million.
🚩 Red Flags
- Typographical error in previously reported historical financial data (though corrected via 8-K/A).
📋 Key Facts
- Correction of historical net sales for the three months ended June 30, 2023.
- Net sales corrected from $55,336 (in thousands) to $53,336 (in thousands).
- The error was identified as a typographical mistake in the 'CONDENSED CONSOLIDATED STATEMENTS OF INCOME' table.
- The company noted that no other numbers or calculations were affected by this correction.
Acme United Corp issued an 8-K to announce the release of its financial results for the quarterly period ended June 30, 2024.
📋 Key Facts
- The filing was made on July 19, 2024.
- The report pertains to the quarter ended June 30, 2024 (Item 2.02).
- A press release containing the financial results was issued as Exhibit 99.1.
Acme United Corp reported the results of its 2024 Annual Meeting of Shareholders held on April 22, 2024. All director elections and shareholder proposals, including executive compensation advisory votes and auditor ratification, were approved.
📋 Key Facts
- Annual Meeting of Shareholders held on April 22, 2024.
- All eight directors (Johnsen, Holden, Olschan, Ward III, Murphy, Davidson, Barker, Conway) were re-elected to the Board.
- Shareholders approved amendments to the 2022 Employee Stock Option Plan and the 2017 Non-Salaried Director Stock Option Plan.
- Non-binding advisory votes on executive compensation (Say-on-Pay) were approved.
- Shareholders ratified the appointment of Marcum LLP as independent registered public accounting firm for FY ending Dec 31, 2024.
Acme United Corp issued an 8-K to announce the release of its financial results for the fiscal quarter ended March 31, 2024.
📋 Key Facts
- The filing is a standard announcement of quarterly earnings (Item 2.02).
- Reporting period: Quarter ended March 31, 2024.
- Filing date: April 19, 2024.
Acme United Corp amended its bylaws to allow shareholder meetings to be held via remote communication or in a hybrid format. This change was approved by the Board of Directors on March 28, 2024.
📋 Key Facts
- Amendment to Article 2, Section 3 ('Place of Meetings') of the Company's Bylaws.
- Effective date of amendment: March 28, 2024.
- Allows for meetings via remote communications or hybrid formats in addition to physical locations.
Acme United Corp issued an 8-K to announce the release of its financial results for the fiscal quarter ended December 31, 2023.
📋 Key Facts
- Report date: March 1, 2024
- Reporting period: Quarter ended December 31, 2023
- The filing serves to accompany the press release containing financial results (Exhibit 99.1).