Chicago Rivet & Machine CO

Market Movers (8-K)

AMEX
Chicago Rivet & Machine Co. announced the temporary suspension of its quarterly cash dividend to reallocate capital towards operational and growth initiatives.
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Chicago Rivet & Machine Co. filed an amended 8-K to confirm the dismissal of Crowe LLP as its independent auditor and the engagement of Cherry Bekaert, while also disclosing an ongoing material weakness in internal controls related to inventory valuation and a prior going concern warning.
Worse than expected
AMEX
Chicago Rivet & Machine Co. has dismissed Crowe LLP as its independent auditor and appointed Cherry Bekaert, following a going concern opinion and persistent material weaknesses in internal controls.
Worse than expected
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Chicago Rivet & Machine Co. held its annual meeting on May 13, 2025, where stockholders elected directors, approved executive compensation, and ratified the selection of Crowe LLP as the independent auditor.
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Chicago Rivet & Machine Co. announced the appointment of James T. Tanner as its new Senior Vice President of Sales and Marketing, effective immediately, replacing Bill Stlaske.
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Chicago Rivet & Machine Co. has reached a $1.1 million settlement with a customer to resolve a liability issue related to non-conforming fasteners.
Worse than expected

Quarterly Earnings (10-Q)

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Chicago Rivet & Machine Co. reports a net loss of $362,015 for Q1 2026 amid ongoing liquidity challenges and a going concern warning.
Worse than expected
Capital raise
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Chicago Rivet & Machine Co. reported a return to profitability in Q3 2025, driven by higher gross margins and cost management, despite ongoing concerns about its ability to continue as a going concern.
Better than expected
Capital raise
Delay expected
AMEX
Chicago Rivet & Machine Co. reported a net loss for Q2 2025 driven by declining automotive sales and gross margin, despite a year-to-date net income improvement due to an asset sale.
Worse than expected
Capital raise
AMEX
Chicago Rivet & Machine Co. reports a net income of $401,022 for Q1 2025, a significant turnaround from the $698,004 loss in Q1 2024, despite a decrease in overall sales.
Capital raise
Better than expected
AMEX
Chicago Rivet & Machine Co. reported a net loss of $1.45 million for the third quarter of 2024, despite improved gross margins, due to lower sales and a deferred tax expense.
Worse than expected
AMEX
Chicago Rivet & Machine Co. saw a return to profitability in the second quarter of 2024, despite a slight decrease in overall revenue compared to the same period last year.
Better than expected

Annual Reports (10-K)

AMEX
Chicago Rivet & Machine Co. reported recurring operating losses and liquidity reduction for fiscal year 2025, raising substantial doubt about its ability to continue as a going concern, despite some revenue growth and efficiency gains.
Worse than expected
Capital raise
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Chicago Rivet & Machine Co. reports a net loss for 2024 and expresses substantial doubt about its ability to continue as a going concern due to declining revenues and negative cash flows.
Capital raise
Worse than expected
AMEX
Chicago Rivet & Machine Co. experienced a net loss for 2023 due to increased operating costs and pricing challenges, despite steady automotive demand.
Worse than expected

Insider Trading (Form 4)

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Director Kent Cooney of Chicago Rivet & Machine Co. (CVR) reported a transaction involving the acquisition of common stock.
AMEX
A director and 10% owner of Chicago Rivet & Machine Co. acquired 2,537 shares of common stock for $14.36 per share, increasing their total beneficial ownership to 100,000 shares.

Proxy Statements (Def-14A)

AMEX
Chicago Rivet & Machine Co. will hold its Annual Meeting of Shareholders on May 13, 2025, to elect directors, approve executive compensation, and ratify the selection of Crowe LLP as its independent auditor.
Worse than expected
AMEX
Chicago Rivet & Machine Co. will hold its annual shareholder meeting on May 14, 2024, to elect directors and ratify the selection of its independent auditor.
Worse than expected

Schedule 13D - Activist Investments

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Activist investor Galloway Capital Partners discloses a 6.45% stake in Chicago Rivet & Machine Co., citing undervaluation and urging strategic changes.
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John A. Morrissey has increased his beneficial ownership in Chicago Rivet & Machine Co. to 10.1% for investment purposes, according to a recent Schedule 13D amendment.

Schedule 13G - Passive Investments

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Stanley Kesselman has filed an amended Schedule 13G, reporting beneficial ownership of 4.1% of Chicago Rivet & Machine Co.'s Common Stock as of June 30, 2025.