8-K

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): July 21, 2017  

SIGMATRON INTERNATIONAL, INC.
(Exact Name of Registrant as Specified in Charter)

Delaware	000-23248	36-3918470
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification Number)

2201 Landmeier Road, Elk Grove Village, Illinois 60007

(Address of Principal Executive Offices) (Zip Code)

(847) 956-8000
(Registrant's telephone number, including area code)

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))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). 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. [   ]

Item 2.02. Results of Operations and Financial Condition.

            On July 21, 2017, SigmaTron International, Inc. issued a press release announcing its financial results for the year ended April 30, 2017.  A copy of the press release is attached hereto as Exhibit 99.1.  The attached exhibit is provided under Item 2.02 of Form 8-K and is furnished to, but not filed with, the Securities and Exchange Commission.

Item 9.01. Financial Statements and Exhibits.

         (d)     Exhibits

Exhibit No.	Description
Exhibit 99.1	SigmaTron International, Inc. press release dated July 21, 2017.

SIGNATURE

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.

	SIGMATRON INTERNATIONAL, INC.
Date: July 21, 2017	By:	/s/ Gary R. Fairhead
		Gary R. Fairhead
		President and Chief Executive Officer

EXHIBIT INDEX

Exhibit No.	Description
Exhibit 99.1	SigmaTron International, Inc. press release dated July 21, 2017.

EX-99.1

EXHIBIT 99.1

SigmaTron International, Inc. Reports Year End Financial Results for Fiscal Year 2017

ELK GROVE VILLAGE, Ill., July 21, 2017 (GLOBE NEWSWIRE) -- SigmaTron International, Inc. (NASDAQ:SGMA), an electronic manufacturing services company, today reported revenues and earnings for the fiscal year ended April 30, 2017.  Revenues decreased to $252.2 million in fiscal year 2017 from $253.9 million in the prior fiscal year.  Net income decreased to $1,390,206 in fiscal year 2017 compared to $2,082,659 in fiscal year 2016.  Basic and diluted earnings per share for the fiscal year ended April 30, 2017 were each $0.33 compared to $0.50 and $0.49 each in fiscal year 2016.

For the fourth quarter of fiscal year 2017, revenues increased to $65.6 million compared to $60.8 million for the same quarter in the prior fiscal year.  Basic and diluted earnings per share for the fiscal year 2017 fourth quarter were each $0.30 compared to basic and diluted earnings per share of $0.01 each for the same period of fiscal year 2016.

Commenting on SigmaTron’s results, Gary R. Fairhead, President, Chief Executive Officer and Chairman of the Board, said “I’m pleased to report that SigmaTron had an excellent fourth quarter of fiscal 2017 and closed the year on a positive note.  Although several one-time events as well as year-end adjustments contributed to the fourth quarter results, the base business was solid and revenues started what we believe is an upward trend during the quarter.

“We believe that the election results have generated a more positive attitude regarding the economy for calendar 2017 and at this time we expect this trend to continue.  There has been some short-term volatility with our customers compared to their scheduled orders three months ago, but we do expect some additional new customers to come on board later this year.  Margin pressures continue but we believe the additional revenue will assist us in managing those pressures.  The optimistic economic outlook, however, has created some additional challenges as we are seeing some shortages in the component marketplace that could affect our ability to meet our customers’ backlog.  In all cases, each effected customer is working with us to address the issue with the supplier of the component.

“Also during the fourth quarter, I am pleased to report that SigmaTron changed its primary banking relationship to US Bank N.A.  Our new agreement provides access to significant additional working capital while lowering our overall borrowing costs.  We believe this will help position us for the growth we see ahead and look forward to working with US Bank N.A.

“As always, I want to take this opportunity to thank our customers, supply chain, our new bank, US Bank N.A., our Board of Directors, and our greatest asset, our employees, that made fiscal 2017 profitable and provided momentum going forward.”

Headquartered in Elk Grove Village, IL, SigmaTron International, Inc. is an electronic manufacturing services company that provides printed circuit board assemblies and completely assembled electronic products.  SigmaTron International, Inc. operates manufacturing facilities in Elk Grove Village, Illinois; Acuna, Chihuahua, and Tijuana Mexico; Union City, California; Suzhou, China, and Ho Chi Minh City, Vietnam.  SigmaTron International, Inc. maintains engineering and materials sourcing offices in Elgin, Illinois and Taipei, Taiwan.

Note:  This press release contains forward-looking statements.  Words such as “continue,” “anticipate,” “will,” “expect,” “believe,” “plan,” and similar expressions identify forward-looking statements.  These forward-looking statements are based on the current expectations of the Company.  Because these forward-looking statements involve risks and uncertainties, the Company’s plans, actions and actual results could differ materially.  Such statements should be evaluated in the context of the risks and uncertainties inherent in the Company’s business including, but not necessarily limited to, the Company’s continued dependence on certain significant customers; the continued market acceptance of products and services offered by the Company and its customers; pricing pressures from our customers, suppliers and the market; the activities of competitors, some of which may have greater financial or other resources than the Company; the variability of our operating results; the results of long-lived assets and goodwill impairment testing; the variability of our customers’ requirements; the availability and cost of necessary components and materials; the ability of the Company and our customers to keep current with technological changes within our industries; regulatory compliance, including conflict minerals; the continued availability and sufficiency of our credit arrangements; changes in U.S., Mexican, Chinese, Vietnamese or Taiwanese regulations affecting the Company’s business; the turmoil in the global economy and financial markets; the stability of the U.S., Mexican, Chinese, Vietnamese and Taiwanese economic, labor and political systems and conditions; currency exchange fluctuations; and the ability of the Company to manage its growth.  These and other factors which may affect the Company’s future business and results of operations are identified throughout the Company’s Annual Report on Form 10-K and as risk factors and may be detailed from time to time in the Company’s filings with the Securities and Exchange Commission.  These statements speak as of the date of such filings, and the Company undertakes no obligation to update such statements in light of future events or otherwise unless required by law.

Financial tables to follow…

CONDENSED CONSOLIDATED STATEMENTS OF INCOME
		Three Months		Three Months		Twelve Months		Twelve Months
		Ended		Ended		Ended		Ended
		April 30,		April 30,		April 30,		April 30,
			2017		2016		2017		2016
	Net sales	$	65,577,213	$	60,753,363	$	252,235,794	$	253,904,146
	Cost of products sold		57,962,001		54,770,215		228,194,867		228,385,615
	Gross profit		7,615,212		5,983,148		24,040,927		25,518,531
	Selling and administrative expenses		5,356,936		5,493,935		20,774,729		21,194,211
	Operating income		2,258,276		489,213		3,266,198		4,324,320
	Other expense		103,103		200,975		768,515		839,124
	Income from operations before income tax		2,155,173		288,238		2,497,683		3,485,196
	Income tax expense (benefit)		897,007		239,411		1,107,477		1,402,537
	Net income	$	1,258,166	$	48,827	$	1,390,206	$	2,082,659
	Net income per common share -  basic	$	0.30	$	0.01	$	0.33	$	0.50
	Net income per common share -  assuming dilution	$	0.30	$	0.01	$	0.33	$	0.49
	Weighted average number of common equivalent
	shares outstanding - assuming dilution		4,209,516		4,208,184		4,213,592		4,224,030
CONDENSED CONSOLIDATED BALANCE SHEETS
		April 30,		April 30,
			2017		2016
	Assets:
	Current assets	$	109,031,913	$	94,090,884
	Machinery and equipment-net		33,008,714		33,080,858
	Deferred income taxes		236,087		233,057
	Intangibles		4,213,235		4,703,245
	Goodwill		3,222,899		3,222,899
	Other assets		1,472,816		1,418,398
	Total assets	$	151,185,664	$	136,749,341
	Liabilities and stockholders' equity:
	Current liabilities	$	55,611,214	$	45,986,309
	Long-term obligations		33,702,305		30,687,154
	Stockholders' equity		61,872,145		60,075,878
	Total liabilities and stockholders' equity	$	151,185,664	$	136,749,341

For Further Information Contact:
SigmaTron International, Inc.
Linda K. Frauendorfer
1-800-700-9095