---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-139055"
form_type: "8-K"
ticker: "CVR"
cik: "0000019871"
company_name: "CHICAGO RIVET & MACHINE CO"
filed_at: "2024-12-20T23:59:59+00:00"
generated_at: "2026-05-29T00:35:48.781561+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Chicago Rivet settles fastener non-conformance claim for $1.1M; adds $857K accrual

## Summary
- Agreed to pay $1.1 million over five years to resolve fastener non-conformance for braking system assemblies.
- Includes previously reserved $243,000 contingent liability; additional $857,000 to be accrued in Q4 2024.
- Agreement provides full release of further liability and avoids potential litigation costs.
- Customer notified that certain fasteners from H&L Tool subsidiary may not have met specifications.

## SEC filing metadata
- accession: 0000950170-24-139055
- form_type: 8-K
- ticker: CVR
- cik: 0000019871
- company_name: CHICAGO RIVET & MACHINE CO
- filed_at: 2024-12-20T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/19871/000095017024139055/0000950170-24-139055-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/19871/000095017024139055/cvr-20241217.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-139055
- JSON: https://secwatch.observer/filing/0000950170-24-139055.json
- Plain text: https://secwatch.observer/filing/0000950170-24-139055.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.