/C O R R E C T I O N -- Chicago Rivet & Machine Co./

Rhea-AI Summary

Chicago Rivet & Machine Co. (NYSE American: CVR) issued a corrected release replacing a duplicate. The company scheduled its 2026 Annual Meeting of Shareholders for May 12, 2026 at 10:00 AM CDT at the Sheraton Lisle Hotel; meeting materials were mailed on or about April 7, 2026.

The company also disclosed that its audited consolidated financial statements in the Form 10-K filed April 3, 2026 include an audit opinion containing a "going concern" qualification (see Note 11).

AI-generated analysis. How Rhea-AI works. Not financial advice.

Positive

• 2026 Annual Meeting set for May 12, 2026; materials mailed April 7, 2026
• Form 10-K for year ended December 31, 2025 was filed April 3, 2026

Negative

• Auditor Cherry Bekaert issued a going concern qualification on the 2025 consolidated financial statements

News Market Reaction – CVR

+2.98% 1.9x vol

1 alert

+2.98% News Effect

+$322K Valuation Impact

$11.11M Market Cap

1.9x Rel. Volume

On the day this news was published, CVR gained 2.98%, reflecting a moderate positive market reaction. This price movement added approximately $322K to the company's valuation, bringing the market cap to $11.11M at that time. Trading volume was above average at 1.9x the daily average, suggesting increased trading activity.

Data tracked by StockTitan Argus on the day of publication.

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In the news release, Chicago Rivet & Machine Co. Announces Year-End Results of Operations, issued 21-Apr-2026 by Chicago Rivet & Machine Co. over PR Newswire, we are advised by the company that an incorrect release was sent out which is a duplicate version of a release already distributed. The complete, corrected release follows:

Chicago Rivet and Machine Co. Announces Annual Meeting of Shareholders and Provides Update on its Annual Report Filing

WARRENVILLE, Ill., April 21, 2026 /PRNewswire/ -- Chicago Rivet & Machine Co. (NYSE American: CVR) (the "Company") announces that its 2026 Annual Meeting of Shareholders will be held at the Sheraton Lisle Hotel, 3000 Warrenville Road, Lisle, Illinois, 60532 on Tuesday, May 12, 2026, at 10:00 AM (CDT). Meeting materials for the Annual Meeting of Shareholders were mailed to shareholders on or about April 7, 2026.

The Company also announces that, as previously disclosed in its Annual Report on Form 10-K for the year ended December 31, 2025 (the "10-K"), which was filed with the Securities and Exchange Commission on April 3, 2026, the Company's audited consolidated financial statements include an audit opinion from Cherry Bekaert LLP that contains a "going concern" qualification. See Note 11 to the Company's consolidated financial statements included in the 10-K for further information. This announcement is being made pursuant to NYSE American LLC Company Guide Section 610(b), which requires public announcement of the receipt of an audit opinion containing a going concern qualification, and does not represent any change or amendment to the Company's financial statements for the year ended December 31, 2025, or its Annual Report on Form 10-K for the year ended December 31, 2025.

Chicago Rivet & Machine Co. (the "Company") was incorporated under the laws of the State of Illinois in December 1927 as the successor to the business of Chicago Rivet & Specialty Co. The Company operates in the United States through two reportable segments, defined by the nature of their products. The Fastener segment includes the Company's wholly owned subsidiary, H&L Tool Company Inc., along with the Company's other fastener operations. This segment manufactures and sells rivets, cold formed fasteners and components, as well as screw machine products. The Assembly Equipment segment is primarily engaged in the manufacture of automatic rivet setting machines and related parts, components, and tools used in such machines.

Forward-Looking Statements

This discussion contains certain "forward-looking statements" which are inherently subject to risks and uncertainties that may cause actual events to differ materially from those discussed herein. Factors which may cause such differences in events include those disclosed under "Risk Factors" in our Annual Report on Form 10-K and in the other filings we make with the United States Securities and Exchange Commission. These factors include among other things: conditions in the domestic automotive industry upon which we rely for sales revenue, the intense competition in our markets, the concentration of our sales with major customers, risks related to export sales, the price and availability of raw materials, supply chain disruptions, labor relations issues, losses related to product liability, warranty and recall claims, costs relating to environmental laws and regulations, information systems disruptions, the loss of the services of our key employees and difficulties in achieving cost savings. Many of these factors are beyond our ability to control or predict. Readers are cautioned not to place undue reliance on these forward-looking statements. We undertake no obligation to publish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

View original content:https://www.prnewswire.com/news-releases/chicago-rivet--machine-co-announces-year-end-results-of-operations-302749418.html

SOURCE Chicago Rivet & Machine Co.

FAQ

When is Chicago Rivet & Machine Co. (CVR) holding its 2026 Annual Meeting of Shareholders?

The annual meeting is scheduled for May 12, 2026 at 10:00 AM CDT. According to the company, the meeting will take place at the Sheraton Lisle Hotel in Lisle, Illinois and meeting materials were mailed on or about April 7, 2026.

What does the "going concern" qualification mean for CVR's 2025 audited financial statements?

A going concern qualification indicates substantial doubt about the company's ability to continue near term. According to the company, Cherry Bekaert's audit opinion includes this qualification; see Note 11 of the Form 10-K for details and related disclosures.

Has Chicago Rivet & Machine Co. filed its Annual Report on Form 10-K for the year ended December 31, 2025 (CVR)?

Yes, the company filed its Form 10-K on April 3, 2026. According to the company, the filing includes audited consolidated financial statements and an auditor's going concern qualification.

Where will CVR shareholders find meeting materials and proxy information for the May 12, 2026 meeting?

Meeting materials were mailed to shareholders on or about April 7, 2026. According to the company, shareholders should review the mailed materials and the Form 10-K for proxy, agenda, and voting instructions.

Does the corrected release change Chicago Rivet & Machine Co.'s previously filed financial statements for 2025?

No, the corrected release does not amend the company's 2025 financial statements or the Form 10-K. According to the company, the announcement only corrects a previously duplicated distribution and reiterates the going concern disclosure.