occ20230629_8k.htm
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0001000230
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2023-06-20
2023-06-20
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 20, 2023
OPTICAL CABLE CORPORATION
(Exact name of registrant as specified in its charter)
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Virginia
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000-27022
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54-1237042
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(State or other jurisdiction of
incorporation or organization)
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(Commission
File Number)
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(I.R.S. Employer
Identification Number)
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5290 Concourse Drive
Roanoke, VA
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24019
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(Address of principal executive offices)
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(Zip Code)
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(540) 265-0690
(Registrant’s telephone number, including area code)
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 (see General Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
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Title of Each Class
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Trading Symbol
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Name of exchange on which registered
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Common Stock, no par value
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OCC
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Nasdaq Global Market
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12B-2 of the Securities Exchange Act of 1934.
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Table of Contents
Item 8.01 Other Events
On June 20, 2023, Optical Cable Corporation (“OCC”) detected an incident that impacted a portion of its operational and information technology systems. Upon detection of the incident, the Company initiated immediate incident response protocols and determined the incident was a sophisticated cyberattack. As part of its protocols, the Company has undertaken an investigation and engaged containment protocols to mitigate the impact of the incident and engaged internal and third-party cybersecurity and forensics experts to assess any impact on the Company’s systems and utilized additional security measures to help safeguard the integrity of its infrastructure and data contained therein. The Company has notified appropriate federal law enforcement.
The Company is actively managing this incident and will continue to do so. The incident has caused and may continue to cause certain delays in parts of the Company’s business which may result in a deferral or loss of revenue and certain incremental costs. The Company is working to maintain continuity in business operations and to minimize disruption to its customers.
While systems recovery efforts continue, at this time the Company believes it has restored substantially all systems necessary to return to normal business operations.
FORWARD-LOOKING INFORMATION
This Current Report on Form 8-K may contain certain forward-looking information within the meaning of the federal securities laws. The forward-looking information may include, among other information, (i) statements concerning our outlook for the future, (ii) statements of belief, anticipation or expectation, (iii) future plans, strategies or anticipated events, and (iv) similar information and statements concerning matters that are not historical facts. Such forward-looking information is subject to known and unknown variables, uncertainties, contingencies and risks that may cause actual events or results to differ materially from our expectations, and such known and unknown variables, uncertainties, contingencies and risks may also adversely affect Optical Cable Corporation and its subsidiaries, the Company’s future results of operations and future financial condition, and/or the future equity value of the Company. A partial list of such variables, uncertainties, contingencies and risks that could cause or contribute to such differences from our expectations or that could otherwise adversely affect Optical Cable Corporation and its subsidiaries is set forth in Optical Cable Corporation’s quarterly and annual reports filed with the Securities and Exchange Commission (“SEC”) under the heading “Forward-Looking Information.” OCC’s quarterly and annual reports are available to the public on the SEC’s website at http://www.sec.gov. In providing forward-looking information, the Company expressly disclaims any obligation to update this information, whether as a result of new information, future events or otherwise except as required by applicable laws and regulations.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
The following are filed as Exhibits to this Report.
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Exhibit No.
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Description of Exhibit
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104
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Cover page Interactive Data File (embedded within the inline XBRL document)
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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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OPTICAL CABLE CORPORATION
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By:
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/s/ Tracy G. Smith
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Name:
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Tracy G. Smith
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Title:
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Senior Vice President and Chief
Financial Officer
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Dated: June 30, 2023