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): February 9, 2004
MOD-PAC CORP.
(Exact name of registrant as specified in its charter)
|
New York |
0-50063 |
16-0957153 |
|
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
|
1801 Elmwood Avenue, Buffalo, New York |
14207 |
|
|
(Address of principal executive offices) |
(Zip Code) |
|
Registrant's telephone number, including area code (716) 873-0640
|
Not Applicable |
|
(Former name or former address, if changed since last report) |
Item 5. Other Events.
Kevin T. Keane, the Registrant's Chairman of the Board of Directors, has determined to monetize a portion of his equity position in the Registrant's common stock in a systematic, non-discretionary manner with minimal market impact and in accordance with applicable law and regulations.
Accordingly, pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, Mr. Keane, adopted a written plan on February 9, 2004 relating to future sales of the Registrant's common stock. Under Mr. Keane's plan, he will place an order to sell 500 shares of the Registrant's common stock twice a month on the open market and at prevailing market prices, subject to a price floor. Mr. Keane's plan will begin on February 11, 2004 and will continue for one year, unless sooner terminated.
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.
| MOD-PAC CORP. | ||
| Date: February 9, 2004 | By: | /s/Daniel G. Keane |
| Name: | Daniel G. Keane | |
| Title: | President and Chief Executive Officer | |