Highest-materiality recent filing
Chicago Rivet suspends quarterly cash dividend to prioritize operational growth investments
Board approved temporary suspension of quarterly cash dividend effective immediately.
Dismissed Crowe LLP effective May 27, 2025; engaged Cherry Bekaert as auditor for FY2025.
Board dismissed Crowe LLP effective May 27, 2025; new auditor Cherry Bekaert engaged for FY 2025.
Seven directors elected with votes for ranging from 466,526 to 468,087; broker non-votes 321,475 per nominee.
Chicago Rivet & Machine appoints James T. Tanner as SVP of Sales and Marketing
James T. Tanner appointed Senior VP of Sales & Marketing, effective May 1, 2025.
Chicago Rivet settles fastener non-conformance claim for $1.1M; adds $857K accrual
Agreed to pay $1.1 million over five years to resolve fastener non-conformance for braking system assemblies.
Chicago Rivet & Machine to close Albia, IA facility by Oct 1, 2024; consolidate into Tyrone, PA
Closure affects all 19 full and part-time employees at the Albia, Iowa facility.
Chicago Rivet & Machine annual meeting: all 7 directors elected, Crowe LLP ratified as auditor
Elected seven directors: Kent H. Cooney, Kurt Moders, James W. Morrissey, Walter W. Morrissey, Karen G. Ong, Gregory D. Rizzo, John L. Showel.
Chicago Rivet appoints Karen G. Ong to Board and Audit Committee
Karen G. Ong, 52, appointed to Chicago Rivet & Machine Board on March 1, 2024.
Chicago Rivet & Machine appoints new CFO and VP of Sales, effective Nov 13, 2023
Joel M. Brown named CFO with $215K base salary, $29K sign-on bonus, bonus eligible up to 30% of base.
President/COO/Treasurer Michael J. Bourg to retire Nov 17; CEO to assume ops, new CFO search
Michael J. Bourg, President, COO, Treasurer and director, to retire effective Nov 17, 2023 (or earlier by agreement).
Chicago Rivet & Machine appoints Gregory D. Rizzo as CEO and director
Gregory D. Rizzo, age 57, appointed to Board and named CEO effective May 9, 2023.
Chicago Rivet & Machine names Gregory D. Rizzo as CEO, effective May 9, 2023
Gregory D. Rizzo appointed CEO; annual base salary $315,000 plus $26,000 sign-on bonus.
Chicago Rivet board member Patricia M. Miller resigns effective Dec 31, 2022
Patricia M. Miller notified Board of her resignation on Dec 22, effective Dec 31, 2022.
Chairman and CEO Walter W. Morrissey passed away on December 10, 2022.
Chicago Rivet & Machine completes sale of Naperville facility for $5.35M cash
Sold headquarters/warehouse at 901 Frontenac Rd., Naperville to Frontenac Properties LLC for $5,350,000 cash less closing costs.
Chicago Rivet & Machine agrees to sell Naperville facility for $5.35M with leaseback
Sale price of $5,350,000 subject to inspection, title, and other contingencies.
Chicago Rivet & Machine Co. annual meeting elects 7 directors, passes advisory votes
Seven director nominees elected with 528,783 to 607,152 votes for; broker non-votes 236,456.
On March 1, 2024, following the recommendation by its Nominating Committee, the Board of Directors (the “Board”) of Chicago Rivet & Machine Co. (the “Company”) appointed Karen G. Ong to the Board of Directors of the Company to serve until the Company’s next Annual Meeting of Shareholders, which is scheduled to be held on Tuesday, May 14, 2024.
Michael J. Bourg, President and Chief Operating Officer of the Company ceased being the Company’s Principal Financial Officer and Principal Accounting Officer as of November 13, 2023.
On November 13, 2023, Chicago Rivet & Machine Co. (the “Company”) announced Joel M. Brown as the new Chief Financial Officer of the Company effective immediately.
On September 1, 2023, Michael J. Bourg, President, Chief Operating Officer and Treasurer of Chicago Rivet & Machine Co. (the “Company”) and a member of the Company’s Board of Directors, notified the Company of his intention to retire.
On December 22, 2022, Patricia M. Miller, a member of the Board of Directors (the “Board”) of Chicago Rivet & Machine Co. (the “Company”) notified the Company of her intention to resign from the Company’s Board, effective December 31, 2022.
Michael J. Bourg, President and Chief Operating Officer of the Company became the Company’s principal executive officer on December 10, 2022.
Chicago Rivet & Machine Co. (the “Company”) is saddened to announce the passing of Walter W. Morrissey, Chairman and Chief Executive Officer of the Company, on December 10, 2022.
Max materiality 0.75 · Median 0.60 · Most common event leadership