<SEC-DOCUMENT>0001157523-15-000034.txt : 20150107
<SEC-HEADER>0001157523-15-000034.hdr.sgml : 20150107
<ACCEPTANCE-DATETIME>20150107080033
ACCESSION NUMBER:		0001157523-15-000034
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20150101
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20150107
DATE AS OF CHANGE:		20150107

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SYPRIS SOLUTIONS INC
		CENTRAL INDEX KEY:			0000864240
		STANDARD INDUSTRIAL CLASSIFICATION:	INDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL [3823]
		IRS NUMBER:				611321992
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-24020
		FILM NUMBER:		15512084

	BUSINESS ADDRESS:	
		STREET 1:		101 BULLITT LN
		STREET 2:		STE 450
		CITY:			LOUISVILLE
		STATE:			KY
		ZIP:			40222
		BUSINESS PHONE:		5023292000

	MAIL ADDRESS:	
		STREET 1:		101 BULLITT LN
		STREET 2:		STE 450
		CITY:			LOUISVILLE
		STATE:			KY
		ZIP:			40222

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GROUP TECHNOLOGIES CORP
		DATE OF NAME CHANGE:	19940314
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51014075.htm
<DESCRIPTION>SYPRIS SOLUTIONS, INC. 8-K
<TEXT>
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    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>UNITED
      STATES</b></font><b><font style="font-size: 12pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 12pt"></font><font style="font-size: 12pt; font-family: Times New Roman">SECURITIES
      AND EXCHANGE COMMISSION</font></b><font style="font-size: 12pt"><br style="font-size: 12pt"></font><font style="font-size: 12pt; font-family: Times New Roman"><b>Washington,
      D.C. 20549</b></font><br><br><font style="font-family: Times New Roman"><b>______________</b></font><br><br><font style="font-size: 16pt; font-family: Times New Roman"><b>FORM
      8-K</b></font><br><br><font style="font-size: 12pt; font-family: Times New Roman"><b>CURRENT
      REPORT</b></font><br><br><font style="font-size: 12pt; font-family: Times New Roman"><b>Pursuant
      to Section 13 or 15(d) of the Securities Exchange Act of 1934</b></font><br><br><font style="font-size: 12pt; font-family: Times New Roman"><b>Date
      of Report (Date of earliest event reported): &#160;&#160;January 1, 2015</b></font><br><br><font style="font-family: Times New Roman"><b>______________</b></font><br><br><font style="font-size: 18pt; font-family: Times New Roman"><b>Sypris
      Solutions, Inc.</b></font><br><font style="font-size: 10pt; font-family: Times New Roman"><b>(Exact
      name of registrant as specified in its charter)</b></font><br><br>
    </p>
<div style="text-align:left">
    <table style="font-size: 10pt; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; width: 33%; text-align: center" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Delaware</b>
          </p>
        </td>
        <td style="padding-left: 0.0px; width: 34%; text-align: center; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>0-24020</b>
          </p>
        </td>
        <td style="padding-left: 0.0px; width: 33%; text-align: center; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>61-1321992</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; width: 33%; text-align: center" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(State or Other Jurisdiction</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>of Incorporation)</b>
          </p>
        </td>
        <td style="padding-left: 0.0px; width: 34%; text-align: center" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(Commission</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>File Number)</b>
          </p>
        </td>
        <td style="padding-left: 0.0px; width: 33%; text-align: center" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(I.R.S. Employer</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Identification No.)</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-size: 10pt; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; width: 33%; text-align: center" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>101 Bullitt Lane, Suite 450</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Louisville, Kentucky</b>
          </p>
        </td>
        <td style="width: 34%">
          &#160;
        </td>
        <td style="padding-left: 0.0px; width: 33%; text-align: center; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>40222</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; width: 33%; text-align: center" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(Address of Principal </b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Executive Offices)</b>
          </p>
        </td>
        <td style="width: 34%">

        </td>
        <td style="padding-left: 0.0px; width: 33%; text-align: center" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(Zip Code)</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center; white-space: nowrap">
      <font style="font-family: Times New Roman; font-size: 10pt"><b>Registrant&#8217;s
      telephone number, including area code: (502) 329-2000</b></font><b> </b>
    </p>
    <hr style="width: 100%; color: #000000; text-align: center; height: 2.0 pt">
    <hr style="width: 100%; color: #D3D3D3; text-align: center; height: 2.0 pt">


    <p style="text-align: center">
      <br>
      <br>
      <br>
      <br>
      <br>
      <font style="font-family: Times New Roman; font-size: 10pt"><b>Check the
      appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the</b></font><br><font style="font-family: Times New Roman; font-size: 10pt"><b>filing
      obligation of the registrant under any of the following provisions:</b></font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt"><b>&#8414;</b></font><b>
      <font style="font-family: Times New Roman; font-size: 10pt">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font></b>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt"><b>&#8414;</b></font><b>
      <font style="font-family: Times New Roman; font-size: 10pt">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font></b>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt"><b>&#8414;</b></font><b>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font></b>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt"><b>&#8414;</b></font><b>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font></b>
    </p>
    <div style="width: 100%; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <br>

    </p>
    <p style="text-align: center">
      <b>Section 5 &#8211; Corporate Governance and Management</b>
    </p>
<div style="text-align:left">
    <table style="font-size: 10pt; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; width: 10%; text-align: left" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Item 5.02(c)</b>
          </p>
        </td>
        <td style="width: 2%">
          &#160;
        </td>
        <td style="padding-left: 0.0px; width: 88%; text-align: left" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Departure of Directors or Certain Officers; Election of
            Directors; Appointment of Certain Officers; Compensatory
            Arrangements of Certain Officers.</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-indent: 60.0px; text-align: justify">
      On January 7, 2015, Sypris Solutions, Inc. (the &#8220;Company&#8221;) announced
      that the Board of Directors authorized the appointment of Anthony C.
      Allen, age 56, as Vice President and Chief Financial Officer of the
      Company. Effective as of January 1, 2015, Mr. Allen will assume
      responsibility for the Company&#8217;s finance and accounting operations,
      treasury and banking relationships, communications with the Board of
      Directors regarding financial matters, investor and securities analyst
      relations, capital markets strategy formulation and implementation,
      information systems, and the overall control environment for the
      Company. Mr. Allen will also serve as the Company's principal financial
      officer.
    </p>
    <p style="text-indent: 60.0px; text-align: justify">
      Since December 2004 Mr. Allen has served as Vice President, Treasurer,
      and Assistant Secretary for the Company and as Vice President of Finance
      and Information Systems and Assistant Secretary from 2003 to December
      2004. Mr. Allen served as Vice President, Controller and Assistant
      Secretary for the Company from 1997 to 2003. He served as Vice President
      of Finance of the Company&#8217;s predecessor from 1994 to 1998 and as Vice
      President and Controller from 1987 to 1994. Prior to 1987, Mr. Allen
      served in a variety of management positions with Armor Elevator.
    </p>
    <p style="text-indent: 60.0px; text-align: justify">
      A copy of the press release announcing Mr. Allen&#8217;s appointment is
      attached as Exhibit 99 to this Form 8-K and is incorporated by reference
      herein.<br><br><br>
    </p>
    <p style="text-align: center">
      <b>Section 9 &#8211; Financial Statements and Exhibits</b>
    </p>
    <p style="white-space: nowrap">
      <b>Item 9.01&#160;&#160;&#160;&#160;&#160;Financial Statements and Exhibits.</b>
    </p>
    <p style="white-space: nowrap">
      (d)&#160;&#160;&#160;Exhibits.
    </p>
    <p style="white-space: nowrap">
      &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Exhibit Number</u>
      &#160;&#160;&#160;&#160;&#160;<u>Description of Exhibit</u>
    </p>
<div style="text-align:left">
    <table style="font-size: 10pt; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; width: 3%; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="top">
          99
        </td>
        <td style="padding-left: 0.0px; width: 97%; text-align: left" valign="bottom">
          Press Release Issued January 7, 2015
        </td>
      </tr>
    </table>
    </div>
    <div style="width: 100%; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: center">
      <br>
      <font style="font-family: Times New Roman; font-size: 10pt"><b>SIGNATURES</b></font>
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <font style="font-family: Times New Roman; font-size: 10pt">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>
    <p style="text-indent: 30.0px">
      <br>

    </p>
<div style="text-align:left">
    <table style="font-size: 10pt; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; width: 6%; text-align: left" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Dated:
          </p>
        </td>
        <td style="padding-left: 0.0px; width: 44%; text-align: left" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            January 7, 2015
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left" colspan="2" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Sypris Solutions, Inc.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 44%">

        </td>
        <td style="padding-left: 0.0px; text-align: left" colspan="2" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; width: 6%; text-align: left; padding-bottom: 2.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-left: 0.0px; width: 44%; text-align: left; padding-bottom: 2.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-left: 0.0px; width: 5%; text-align: left; padding-bottom: 2.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            By:
          </p>
        </td>
        <td style="padding-left: 0.0px; width: 45%; border-bottom: solid black 1.0pt; text-align: left" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            /s/ John R. McGeeney
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 44%">

        </td>
        <td style="width: 5%">

        </td>
        <td style="padding-left: 0.0px; width: 45%; text-align: left" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            John R. McGeeney
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 44%">

        </td>
        <td style="width: 5%">

        </td>
        <td style="padding-left: 0.0px; width: 45%; text-align: left" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Vice President, General Counsel and Secretary
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <div style="width: 100%; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="font-size: 10pt; font-family: Times New Roman; text-align: center">
          2
        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <b>INDEX TO EXHIBITS</b>
    </p>
    <p>

    </p>
<div style="text-align:left">
    <table style="font-size: 10pt; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; width: 10%; text-align: center" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Exhibit</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>Number</b></u>
          </p>
        </td>
        <td style="padding-left: 0.0px; width: 90%; text-align: center" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>Description</b></u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 10%">

        </td>
        <td style="padding-left: 0.0px; width: 90%; text-align: left" valign="top">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; width: 10%; text-align: center; padding-right: 0.0px; white-space: nowrap" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            99
          </p>
        </td>
        <td style="padding-left: 0.0px; width: 90%; text-align: left" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Press Release Issued January 7, 2015.
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
  </body>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>a51014075ex99.htm
<DESCRIPTION>EXHIBIT 99
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2015 Business Wire, a Berkshire Hathaway company.-->
<!--All rights reserved www.businesswire.com-->
  </head>
  <body style="font-family: Times New Roman; font-size: 8pt">
    <p style="text-align: right">
      <b>Exhibit 99</b>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>Sypris
      Appoints Anthony C. Allen Chief Financial Officer</b></font>
    </p>
    <p>
      LOUISVILLE, Ky.--(BUSINESS WIRE)--January 7, 2015--Sypris Solutions,
      Inc. (Nasdaq/NM: SYPR) announced today that Anthony C. Allen has been
      appointed to the position of Vice President and Chief Financial Officer,
      effective January 1, 2015. Mr. Allen will be located at the Company&#8217;s
      headquarters in Louisville, Kentucky and will report to Jeffrey T. Gill,
      the President and Chief Executive Officer of Sypris Solutions.
    </p>
    <p>
      Mr. Allen previously served as Vice President, Treasurer, and Assistant
      Secretary of Sypris Solutions, Inc. (&#8220;Sypris&#8221;) since December 2004 and
      as Vice President of Finance and Information Systems and Assistant
      Secretary from 2003 to December 2004. Mr. Allen served as Vice
      President, Controller and Assistant Secretary of Sypris from 1997 to
      2003. He served as Vice President of Finance of Sypris&#8217; predecessor from
      1994 to 1998 and as Vice President and Controller from 1987 to 1994.
      Prior to 1987, Mr. Allen served in a variety of management positions
      with Armor Elevator.
    </p>
    <p>
      Mr. Allen holds a Bachelors degree in Business Administration from
      Eastern Kentucky University and an MBA from Bellarmine University.
    </p>
    <p>
      Commenting on the announcement, Jeffrey T. Gill, President and Chief
      Executive Officer of Sypris Solutions, said, &#8220;We are very pleased to
      announce the promotion of Tony to the role of Chief Financial Officer.
      His extensive experience, knowledge of our business and track record of
      success will be invaluable in overseeing the continued development of
      Sypris Solutions into a larger, increasingly profitable company.&#8221;
    </p>
    <p>
      Sypris Solutions is a diversified provider of outsourced services and
      specialty products. The Company performs a wide range of manufacturing,
      engineering, design and other technical services, typically under
      multi-year, sole-source contracts with corporations and government
      agencies in the markets for truck components and assemblies and
      aerospace and defense electronics. For more information about Sypris
      Solutions, visit its Web site at <u>www.sypris.com</u>.
    </p>
    <div style="width: 100%; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <i><b>This press release contains &#8220;forward-looking&#8221; statements within
      the meaning of the federal securities laws.</b> <b>Each forward-looking
      statement herein is subject to risks and uncertainties, as detailed in
      our most recent Form 10-K and Form 10-Q and other SEC filings.</b>
      Briefly, we currently believe that such risks also include the
      following: reliance on major customers or suppliers, especially in the
      automotive or aerospace and defense electronics sectors, including the
      risk of potentially adverse outcomes in ongoing contract renewal
      disputes and negotiations with Dana Holding Corporation and Meritor
      Inc.; our failure to develop and implement plans to mitigate the impact
      of any loss of or reduction in the Dana supply relationship or to
      adequately diversify our revenue sources on a timely basis; our ability
      to successfully develop, launch or sustain new products and programs;
      dependence on, retention or recruitment of key employees especially in
      challenging markets; inventory valuation risks including excessive or
      obsolescent valuations; potential impairments, non-recoverability or
      write-offs of assets or deferred costs; our inability to successfully
      complete definitive agreements for our targeted acquisitions due to
      negative due diligence findings or other factors; volatility of our
      customers&#8217; forecasts, scheduling demands and production levels which
      negatively impact our operational capacity and our effectiveness to
      integrate new customers; declining revenues and backlog in our aerospace
      and defense business lines as we attempt to transition from legacy
      products and services into new market segments and technologies; the
      costs of compliance with our auditing, regulatory or contractual
      obligations; the costs and supply of, or access to, debt, equity
      capital, or insurance; fees, costs or other dilutive effects of
      refinancing, or compliance with covenants; adverse impacts of new
      technologies or other competitive pressures which increase our costs or
      erode our margins; the cost, quality, timeliness, efficiency and yield
      of our operations and capital investments, including working capital,
      production schedules, cycle times, scrap rates, injuries, wages,
      overtime costs, freight or expediting costs; cost and availability of
      raw materials such as steel, component parts, natural gas or utilities;
      regulatory actions or sanctions (including FCPA, OSHA and Federal
      Acquisition Regulations, among others); potential weaknesses in internal
      controls over financial reporting and enterprise risk management;
      disputes or litigation involving customer, supplier, employee, lessor,
      landlord, creditor, stockholder, product liability or environmental
      claims; U.S. government spending on products and services that our
      Electronics Group provides, including the timing of budgetary decisions;
      changes in licenses, security clearances, or other legal rights to
      operate, manage our work force or import and export as needed;
      breakdowns, relocations or major repairs of machinery and equipment;
      pension valuation, health care or other benefit costs; labor relations;
      strikes; union negotiations; cyber security threats and disruptions;
      changes or delays in customer budgets, funding or programs; failure to
      adequately insure or to identify environmental or other insurable risks;
      revised contract prices or estimates of major contract costs; risks of
      foreign operations; currency exchange rates; war, terrorism, or
      political uncertainty; unanticipated or uninsured disasters, losses or
      business risks; inaccurate data about markets, customers or business
      conditions; or unknown risks and uncertainties. There can be no
      assurance that our expectations, projections or views expressed in any
      forward-looking statements will come to pass, and undue reliance should
      not be placed on these forward-looking statements. We undertake no
      obligation to update these statements, except as required by law.</i>
    </p>
    <p>

    </p>
    <p>
      CONTACT:<br>Sypris Solutions, Inc.<br>John R. McGeeney, 502-329-2000<br>Vice
      President, General Counsel &amp; Secretary
    </p>
    <p>

    </p>
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