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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
 
Date of Report (Date of earliest event reported): June 20, 2023
 
 
OPTICAL CABLE CORPORATION
(Exact name of registrant as specified in its charter)
 
 
Virginia
  
000-27022
  
54-1237042
(State or other jurisdiction of
incorporation or organization)
  
(Commission
File Number)
 
(I.R.S. Employer
Identification Number)
   
5290 Concourse Drive
Roanoke, VA
  
24019
(Address of principal executive offices)
 
(Zip Code)
 
(540) 265-0690
(Registrant’s telephone number, including area code)
 
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 (see General Instruction A.2. below):
 
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) 
 
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
   
Securities registered pursuant to Section 12(b) of the Act:
 
Title of Each Class
Trading Symbol
Name of exchange on which registered
Common Stock, no par value
OCC
Nasdaq Global Market
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12B-2 of the Securities Exchange Act of 1934.
 
Emerging growth company ☐
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 
 
Table of Contents
 
Table of Contents
   
3
   
3
   
4
 
 
Table of Contents
 
Item 8.01 Other Events
 
On June 20, 2023, Optical Cable Corporation (“OCC”) detected an incident that impacted a portion of its operational and information technology systems.  Upon detection of the incident, the Company initiated immediate incident response protocols and determined the incident was a sophisticated cyberattack.  As part of its protocols, the Company has undertaken an investigation and engaged containment protocols to mitigate the impact of the incident and engaged internal and third-party cybersecurity and forensics experts to assess any impact on the Company’s systems and utilized additional security measures to help safeguard the integrity of its infrastructure and data contained therein.  The Company has notified appropriate federal law enforcement. 
 
The Company is actively managing this incident and will continue to do so.  The incident has caused and may continue to cause certain delays in parts of the Company’s business which may result in a deferral or loss of revenue and certain incremental costs. The Company is working to maintain continuity in business operations and to minimize disruption to its customers.
 
While systems recovery efforts continue, at this time the Company believes it has restored substantially all systems necessary to return to normal business operations.
 
FORWARD-LOOKING INFORMATION
 
This Current Report on Form 8-K may contain certain forward-looking information within the meaning of the federal securities laws. The forward-looking information may include, among other information, (i) statements concerning our outlook for the future, (ii) statements of belief, anticipation or expectation, (iii) future plans, strategies or anticipated events, and (iv) similar information and statements concerning matters that are not historical facts. Such forward-looking information is subject to known and unknown variables, uncertainties, contingencies and risks that may cause actual events or results to differ materially from our expectations, and such known and unknown variables, uncertainties, contingencies and risks may also adversely affect Optical Cable Corporation and its subsidiaries, the Company’s future results of operations and future financial condition, and/or the future equity value of the Company. A partial list of such variables, uncertainties, contingencies and risks that could cause or contribute to such differences from our expectations or that could otherwise adversely affect Optical Cable Corporation and its subsidiaries is set forth in Optical Cable Corporation’s quarterly and annual reports filed with the Securities and Exchange Commission (“SEC”) under the heading “Forward-Looking Information.” OCC’s quarterly and annual reports are available to the public on the SEC’s website at http://www.sec.gov. In providing forward-looking information, the Company expressly disclaims any obligation to update this information, whether as a result of new information, future events or otherwise except as required by applicable laws and regulations.
 
 
Item 9.01 Financial Statements and Exhibits
 
(d) Exhibits
 
The following are filed as Exhibits to this Report.
 
Exhibit No.
  
Description of Exhibit
   
104
  
Cover page Interactive Data File (embedded within the inline XBRL document)
 
 
Table of Contents
 
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.
 
     
OPTICAL CABLE CORPORATION
   
By:
  
/s/ Tracy G. Smith
Name:
  
Tracy G. Smith
Title:
  
Senior Vice President and Chief
Financial Officer
 
Dated: June 30, 2023
 
 
v3.23.2
Document And Entity Information
Jun. 20, 2023
Document Information [Line Items]  
Entity, Registrant Name OPTICAL CABLE CORPORATION
Document, Type 8-K
Document, Period End Date Jun. 20, 2023
Entity, Incorporation, State or Country Code VA
Entity, File Number 000-27022
Entity, Tax Identification Number 54-1237042
Entity, Address, Address Line One 5290 Concourse Drive
Entity, Address, City or Town Roanoke
Entity, Address, State or Province VA
Entity, Address, Postal Zip Code 24019
City Area Code 540
Local Phone Number 265-0690
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock
Trading Symbol OCC
Security Exchange Name NASDAQ
Entity, Emerging Growth Company false
Amendment Flag false
Entity, Central Index Key 0001000230
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