Form 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)
December 18, 2003
ASTRO-MED, INC
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
COMMISSION FILE NUMBER 0-13200
RHODE ISLAND 05-0318215
(STATE OR OTHER JURISDICTION OF (IRS EMPLOYER IDENTIFICATION
INCORPORATION OR ORGANIZATION) NUMBER)
600 EAST GREENWICH AVENUE, WEST WARWICK, RI 02893
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES, INCLUDING ZIP CODE)
(401-828-4000)
(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
ITEM 9. Regulation FD Disclosure.
On December 17, 2003, Albert W. Ondis, Chief Executive Officer, of Astro-Med,
Inc. (ALOT) posted the following remarks regarding the Company's current stock
price and the recently issued Provident Equity Research Report on Yahoo's
message board.
"The current stock price decline is certainly on my mind and I have had lots of
phone calls about it. I must say emphatically here that I have no idea why the
price has dropped. There is no negative news.
" Some people say the decline is due to the move by institutions from small cap
issues to large cap. Others say the decline is because we are too conservative
to provide EPS and revenue guidance. Others say it is because the float is too
small and we should split the stock. Still others say it is because officers are
selling thereby demonstrating a lack of confidence.
"Let me address some of these. Firstly, the officers who have sold stock
continue to own substantial amounts of stock. They are all hard working, fully
committed people who believe, as I do, that Astro-Med is a growth company which
one day will be a large and important company. Incidentally, the stock they sold
(through the execution of options) had the effect of increasing the float.
"Secondly, although it is our current policy not to provide guidance we have
been saying at our teleconferences that we believe the earnings and revenue
trends of the past few quarters will continue.
"Our strategy has been simply to perform, not proclaim. Perhaps in the future we
will change this policy. Meanwhile, I suggest that interested people review the
recent research report issued by Provident Research (www.providentresearch.com).
The conclusions are those of the author, but we have no serious argument with
them.
Wishing all a healthy and prosperous Holiday Season, I am:
Albert W. Ondis
CEO
Astro-Med, Inc (ALOT)"
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrants have duly caused this report to be signed on their behalf by the
undersigned thereunto duly authorized.
DATE: December 18, 2003 ASTRO-MED, INC.
By: /s/ Joseph P. O'Connell
--------------------------
Vice President, Treasurer and
Chief Financial Officer