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<SEC-DOCUMENT>0001299933-10-002969.txt : 20100805
<SEC-HEADER>0001299933-10-002969.hdr.sgml : 20100805
<ACCEPTANCE-DATETIME>20100805162937
ACCESSION NUMBER:		0001299933-10-002969
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20100805
ITEM INFORMATION:		Other Events
FILED AS OF DATE:		20100805
DATE AS OF CHANGE:		20100805

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LAWSON PRODUCTS INC/NEW/DE/
		CENTRAL INDEX KEY:			0000703604
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-MACHINERY, EQUIPMENT & SUPPLIES [5080]
		IRS NUMBER:				362229304
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-10546
		FILM NUMBER:		10994870

	BUSINESS ADDRESS:	
		STREET 1:		1666 E TOUHY AVE
		CITY:			DES PLAINES
		STATE:			IL
		ZIP:			60018-3640
		BUSINESS PHONE:		7088279666

	MAIL ADDRESS:	
		STREET 1:		1666 EAST TOUHY AVENUE
		CITY:			DES PLAINES
		STATE:			IL
		ZIP:			60018-3640
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>htm_38617.htm
<DESCRIPTION>LIVE FILING
<TEXT>
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<TITLE> LAWSON PRODUCTS, INC. (Form: 8-K) </TITLE>
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		UNITED STATES<BR>
	SECURITIES AND EXCHANGE COMMISSION
</FONT>
<BR>
<FONT SIZE="2">
	WASHINGTON, D.C. 20549
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<P ALIGN="CENTER">
<FONT SIZE="5">
	FORM 8-K
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</FONT>
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<P ALIGN="CENTER">
<FONT SIZE="3">
	CURRENT REPORT
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	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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	&nbsp;
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	&nbsp;
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	Date of Report (Date of Earliest Event Reported):
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	&nbsp;
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	August 5, 2010
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<BR>
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<FONT SIZE="6">
	LAWSON PRODUCTS, INC.
</FONT>
<FONT SIZE="2">
<BR>__________________________________________<BR>
	(Exact name of registrant as specified in its charter)
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	Delaware
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	0-10546
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	36-2229304
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_____________________<BR>
	(State or other jurisdiction
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_____________<BR>
	(Commission
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______________<BR>
	(I.R.S. Employer
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	of incorporation)
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	File Number)
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	Identification No.)
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	&nbsp;&nbsp;
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	1666 E. Touhy Avenue, Des Plaines, Illinois
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	&nbsp;
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	60018
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_________________________________<BR>
	(Address of principal executive offices)
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	&nbsp;
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___________<BR>
	(Zip Code)
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	Registrant&#146;s telephone number, including area code:
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	&nbsp;
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	(847) 827-9666
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<P ALIGN="CENTER">
<FONT SIZE="2">
	Not Applicable
<BR>______________________________________________<BR>
	Former name or former address, if changed since last report
</FONT>
<P ALIGN="CENTER">
<FONT SIZE="2">
	&nbsp;
</FONT>
<!-- CoverPageRegistrant END --><P><FONT SIZE="2">
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:</FONT>
</P>
<P><FONT SIZE="2">
[&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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<B>
<FONT SIZE="2">Top of the Form</FONT>
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<B>
	Item 8.01 Other Events.
</B>
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</P>
<P ALIGN="LEFT">
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Lawson Products, Inc. ("Lawson" or the "Company"), through its Drummond American LLC subsidiary, has pursued legal remedies in various states related to the actions of several former sales agents and the Share Corporation ("Share") alleging, among other things, breach of contract and interference with the Company&#x2019;s business relationships. On August 5, 2010, the Company entered into a Settlement and Release Agreement with Share and various former sales agents in the amount of $2.9 million to settle all related claims. The Company previously entered into a Settlement and Release Agreement with Share and a former sales agent for $0.6 million. <br><br>The $2.9 million settlement amount is due by August 20, 2010. In the event Lawson does not receive the settlement amount by the due date, the Company will be entitled to receive interest on the amount due at an annualized rate of 5.5% through August 31, 2010 and 12% from September 1, 2010 through September 30, 2010. In the event the settlement amount, plus i
nterest, is not paid in full by September 30, 2010, Share and the former sales agents will be in breach of the agreement and Lawson will be permitted to pursue further legal action. The Company received $0.6 million related to the previous agreement in July 2010.<br>
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<FONT SIZE="2">Top of the Form</FONT>
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<B>
	SIGNATURES
</B>
</FONT>
</P>
<P ALIGN="LEFT">
<FONT SIZE="2">
	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.
</FONT>
</P>
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	LAWSON PRODUCTS, INC.
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	&nbsp;&nbsp;
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<I>
	August 5, 2010
</I>
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	&nbsp;
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<I>
	By:
</I>
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<FONT SIZE="2">
	&nbsp;
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<I>
	Ronald J. Knutson
</I>
<BR>
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<FONT SIZE="2">
	&nbsp;
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	&nbsp;
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<I>
	Name: Ronald J. Knutson
</I>
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<I>
	Title: Senior Vice President and Chief Financial Officer
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