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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
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| CURRENT REPORT | | | | |
| Pursuant To Section 13 Or 15(d) of The Securities Exchange Act of 1934 | | | | |
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| August 26, 2020 | | | |
| Date of Report (Date of earliest event reported) | | | | |
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RAVEN INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
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| SD | 001-07982 | | 46-0246171 |
| (State or other jurisdiction of incorporation) | (Commission File Number) | | (IRS Employer Identification No.) |
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| 205 East 6th Street, P.O. Box 5107 | Sioux Falls, | SD | 57117-5107 |
| (Address of principal executive offices) | | | (Zip Code) |
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(605) 336-2750
(Registrant's telephone number including area code)
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:
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| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
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Securities registered pursuant to Section 12(b) of the Act:
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| Title of each class | Trading Symbol | Name of each exchange on which registered | | |
| Common Stock, $1 par value | RAVN | | Nasdaq | Global Select Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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| | 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. o
Item 8.01. Other events
On August 26, 2020, Raven Industries, Inc. (herein referred to as the “Registrant” or the “Company”) issued a press release to announce that its board of directors has indefinitely suspended the Company's regular dividend. The Company intends to reallocate this capital to supplement and accelerate investments in the Company's Strategic Platforms for Growth; Raven Autonomy™ and Raven Composites™. A copy of the Company's press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
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Exhibit
No. | | Description |
| | Raven Industries, Inc. press release dated August 26, 2020 |
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| 104 | | Cover page Interactive Data File (embedded within the Inline XBRL document) |
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 thereunto duly authorized.
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| RAVEN INDUSTRIES, INC. |
| /s/ Steven E. Brazones |
| Steven E. Brazones |
| Vice President and Chief Financial Officer |
| (Principal Financial and Accounting Officer) |
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Dated: August 26, 2020