-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, E+7EgjPEgEcy+vch8zon90qaHEVqpT1LLRCKHhTrPXGIh++H4+uJ9uKjrOLwvpVm vCFnzpPN+qSuGaSqCa13Qg== 0001171843-10-001629.txt : 20100810 0001171843-10-001629.hdr.sgml : 20100810 20100810093206 ACCESSION NUMBER: 0001171843-10-001629 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100810 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100810 DATE AS OF CHANGE: 20100810 FILER: COMPANY DATA: COMPANY CONFORMED NAME: UNITED GUARDIAN INC CENTRAL INDEX KEY: 0000101295 STANDARD INDUSTRIAL CLASSIFICATION: PERFUMES, COSMETICS & OTHER TOILET PREPARATIONS [2844] IRS NUMBER: 111719724 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10526 FILM NUMBER: 101003679 BUSINESS ADDRESS: STREET 1: 230 MARCUS BLVD CITY: HAUPPAUGE STATE: NY ZIP: 11788 BUSINESS PHONE: 631-273-0900 MAIL ADDRESS: STREET 1: P.O. BOX 18050 STREET 2: 230 MARCUS BLVD. CITY: HAUPPAUGE STATE: NY ZIP: 11788 FORMER COMPANY: FORMER CONFORMED NAME: UNITED INTERNATIONAL RESEARCH INC DATE OF NAME CHANGE: 19820422 8-K 1 document.htm FORM 8-K FILING DOCUMENT Form 8-K Filing

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): August 10, 2010


United-Guardian, Inc.
(Exact name of registrant as specified in its charter)


Delaware

001-10526

11-1719724
(State or other jurisdiction
of incorporation)
(Commission File Number) (IRS Employer
Identification No.)


230 Marcus Boulevard, Hauppauge, New York 11788
(Address of principal executive offices)


Registrant's telephone number, including area code: (631) 273-0900


Not Applicable
(Former name or former address, if changed since last report)


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))

Item 2.02. Results of Operations and Financial Condition.

On August 10, 2010 the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

    Exhibit 99.1.       Press release dated August 10, 2010


SIGNATURES

    Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

United-Guardian, Inc.

Date: August 10, 2010 By:   /s/   KEN GLOBUS
Ken Globus
President




  Exhibit Index
  99.1 Press release dated August 10, 2010






EX-99.1 2 newsrelease.htm PRESS RELEASE United-Guardian Reports Record Six-Month Sales

EXHIBIT 99.1

United-Guardian Reports Record Six-Month Sales

HAUPPAUGE, N.Y., Aug. 10, 2010 (GLOBE NEWSWIRE) -- United-Guardian, Inc. (Nasdaq:UG) reported today that sales for the first six months of 2010 exceeded $7.3 million, the highest six-month sales period in the Company's history and a 6% increase over the first six months of 2009. The Company also posted its highest second quarter revenue figure ever at $3.7 million, an increase of 25% over the second quarter of last year. A one-time pension termination expense caused earnings to be slightly lower than last year, with earnings per share of $0.35 for the first six months of 2010 compared with $0.39 for the comparable period last year.

Ken Globus, President of United-Guardian, stated, "In July the Company finally terminated its burdensome defined benefit pension plan, which resulted in a one-time charge to earnings of $0.12 per share for the second quarter. Had it not been for this one-time expense, earnings for the quarter would have been $0.25 per share, which would have represented an increase of over 60% compared with last year's second quarter, and earnings for the six-month period would have been $0.46 per share, which would have been an 18% increase over last year. Now that the plan has been terminated and this one-time expense is behind us, the costs and administrative burdens associated with maintaining the defined benefit pension plan will soon be eliminated. With very strong sales in July and an excellent start to August, we are confident that we will continue to have a very profitable year."

United-Guardian is a manufacturer of cosmetic ingredients, personal and health care products, pharmaceuticals, and specialty industrial products.   

The United-Guardian, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6000

NOTE:   This press release contains both historical and "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements about the company's expectations or beliefs concerning future events, such as financial performance, business prospects, and similar matters, are being made in reliance upon the "safe harbor" provisions of that Act. Such statements are subject to a variety of factors that could cause our actual results or performance to differ materially from the anticipated results or performance expressed or implied by such forward-looking statements. For further information about the risks and uncertainties that may affect the company's business please refer to the company's reports and filings with the Securities and Exchange Commission.

 
RESULTS FOR THE SIX AND THREE MONTHS ENDED
JUNE 30, 2010 and JUNE 30, 2009
(UNAUDITED)
 
  SIX MONTHS ENDED
JUNE 30,
 THREE MONTHS ENDED
JUNE 30,
   2010  2009 2010 2009
         
Net sales $ 7,311,467 $ 6,888,287 $ 3,734,552 $ 2,993,144
         
Costs and expenses:        
Cost of sales 2,811,946 2,819,916 1,397,379 1,273,597
Operating expenses 1,326,629 1,397,382 708,580 687,397
Pension plan termination  847,744  --  847,744  --
  4,986,319 4,217,298 2,953,703 1,960,994
Income from operations 2,325,148 2,670,989 780,849 1,032,150
         
Other income:        
Investment income  225,146  185,083  132,876  93,481
         
Income from operations before income taxes 2,550,294 2,856,072 913,725 1,125,631
         
Provision for income taxes  829,926  945,400  289,201  370,200
         
Net Income $ 1,720,368 $ 1,910,672  $ 624,524  $ 755,431
         
Earnings per common share (Basic and Diluted) $ 0.35 $ 0.39  $ 0.13  $ 0.15
         
Weighted average shares – basic and diluted 4,882,627 4,946,439 4,819,516 4.946,439

** Additional financial information can be found at the company's web site at www.u-g.com.**

CONTACT:  United-Guardian, Inc.
          Public Relations
          Robert S. Rubinger
          (631) 273-0900
-----END PRIVACY-ENHANCED MESSAGE-----