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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

 

January 19, 2006

Date of Report (Date of earliest event reported)

 

LAWSON PRODUCTS, INC.

(Exact name of registrant as specified in its charter)

 

Delaware

0-10546

36-2229304

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

 

 

1666 East Touhy Avenue

60018

Des Plaines, Illinois

(Zip Code)

(Address of principal executive offices)

 

 

(847) 827-9666

(Registrant’s telephone number, including area code)

 

N/A

(Former name or former address, if changed since last report.)

 

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:

 

o

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

 


 

 

Item 8.01 Other Events.

 

On January 19, 2006, Lawson Products, Inc. (the “Company”) announced that it has been cooperating with an investigation by the U.S. Attorney’s Office for the Northern District of Illinois, which executed a search warrant for records and files at the Company’s headquarters and has submitted a document subpoena to which the Company is responding. The on-going investigation involves whether Company representatives have provided inappropriate gifts to purchasing agents, including government purchasing agents. The Board of Directors of the Company has formed a special committee to oversee an internal investigation of the matter. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

 

Item 9.01

Financial Statements and Exhibits.

 

(c) Exhibits.

 

99.1

Press release issued by Lawson Products, Inc. on January 19, 2006.

 

 

 

 

 


 

 

SIGNATURES

 

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 hereunto duly authorized.

 

 

 

LAWSON PRODUCTS, INC.

(Registrant)

 

 

 

 

Dated: January 20, 2006

By: /s/ Scott Stephens                          

Name: Scott Stephens

Title:   Chief Financial Officer

 

 

 

 

 

 

LAWSON PRODUCTS COOPERATING WITH FEDERAL AUTHORITIES

 

DES PLAINES, IL, January 19, 2006 – Lawson Products Inc. (NASDAQ: LAWS) today said that it has been cooperating with an investigation by the U. S. Attorney’s Office for the Northern District of Illinois, which executed a search warrant for records and files at the company’s headquarters and has submitted a document subpoena to which the company is responding.

 

The ongoing investigation involves whether Lawson representatives have provided inappropriate gifts to purchasing agents, including government purchasing agents. The Board of Directors of the company has formed a special committee to oversee an internal investigation of the matter.

 

Lawson Products is an international leader in seller and distributing systems, services and products to the industrial, commercial and institutional maintenance, repair and replacement market. The Company also manufactures, sells and distributes production and specialized component parts to the original equipment marketplace, including the automotive, appliance, aerospace, construction, and transportation industries.

 

This release contains certain forward-looking statements that involve risks and uncertainties. The terms “may,” “should,” “could,” “unlikely,” “anticipate,” “believe,” “continues,” “estimate,” “expect,” “intend,” “objective,” “plan,” “potential,” “project” and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Such statements speak only as of the date of the news release and are subject to a variety of risks and uncertainties, many of which are beyond the company’s control, which could cause actual results to differ materially from the expectations. These risks include, but are not limited to: excess and obsolete inventory; the impact of governmental investigations; disruptions of the company’s information systems; risks of rescheduled or cancelled orders; increases in commodity prices; the influence of controlling stockholders; competition and competitive pricing pressures; the effect of general economic conditions and market conditions in the markets and industries the company serves; the risks of war, terrorism, and similar hostilities; and, all of the factors discussed in the company’s Annual Report on Form 10-K for the year ended Dec. 31, 2004 and Form 10-Q for the quarters ended March 31, 2005, June 30, 2005 and September 30, 2005. The company undertakes no obligation to update any such factor or to publicly announce the results of any revisions to any forward-looking or other statements contained herein whether as a result of new information, future events or otherwise.

 

For more information, visit http://www.lawsonproducts.com.