SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 16, 2014
(Exact name of registrant as specified in its charter)
|(State or other jurisdiction
|(Commission File Number)||(IRS Employer
230 Marcus Boulevard, Hauppauge, New York 11788
|(Address of principal executive offices)|
Registrant's telephone number, including area code: (631) 273-0900
(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 7.01. Regulation FD Disclosure.
On May 16, 2014 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 May 16, 2014
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.
|Date: May 16, 2014||By:||/s/ KEN GLOBUS
|99.1||Press release dated May 16, 2014|
HAUPPAUGE, N.Y., May 16, 2014 (GLOBE NEWSWIRE) -- United-Guardian, Inc. (Nasdaq:UG) announced today that the company's Board of Directors, at its meeting on May 14, 2014, declared a cash dividend of $0.48 per share, which will be paid on June 13, 2014 to all stockholders of record as of the close of business on May 30, 2014. This is the 19th consecutive year that the company has paid a dividend.
Ken Globus, President of United-Guardian, stated, "As a result of our strong first quarter sales and earnings we are pleased to announce that we are increasing our mid-year dividend to $0.48 from the $0.47 we paid last year. Even though our net income was less than last year's first quarter, it was still a very strong quarter for us, with sales exceeding the first quarter of last year. As a result, the Board of Directors concluded that the payment of this dividend was reasonable and appropriate, and would not adversely impact our ability to fund any capital requirements we might have for the rest of the year. With two additions to our new Lubrajel™ Natural line expected to begin sampling this year, we are optimistic that this will be another strong year for us, and we are pleased that we are once again in a position to share our continued success with our stockholders."
United-Guardian is a manufacturer of cosmetic ingredients, personal and health care products, pharmaceuticals, and specialty industrial products.
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.
CONTACT: Robert S. Rubinger Public Relations (631) 273-0900