Business Context and Reporting Period
Company: Astro-Med, Inc.
Filing Type: Form 8-K (Current Report)
Report Date: October 30, 2015
Event Date: October 30, 2015
The filing reports a specific corporate event regarding the disposal of a real estate asset held by a subsidiary in Rockland, Massachusetts.
Key Financial Metrics
This filing does not contain comprehensive financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The only specific financial figure disclosed is:
- Asset Sale Proceeds: $1,800,000 in cash received from the sale of a building.
Material Changes
The Company completed the sale of a building to Allstate Glazing, Ltd. Management states that the sale of this real estate is not expected to have a material impact on the Company's operations, as the property was considered excess to plant requirements.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, outlook, or discussion of risks and contingencies beyond the specific transaction reported. No unusual items were disclosed other than the asset sale.
Investor Verification Checklist
- Verify the final closing date and receipt of the $1,800,000 cash proceeds.
- Confirm the accounting treatment of the sale (e.g., gain or loss on disposal) in the next quarterly or annual report.
- Review subsequent filings to ensure no other undisclosed material asset disposals occurred.