<SEC-DOCUMENT>0001217160-19-000088.txt : 20190909
<SEC-HEADER>0001217160-19-000088.hdr.sgml : 20190909
<ACCEPTANCE-DATETIME>20190909164710
ACCESSION NUMBER:		0001217160-19-000088
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20190903
ITEM INFORMATION:		Other Events
FILED AS OF DATE:		20190909
DATE AS OF CHANGE:		20190909

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			JEWETT CAMERON TRADING CO LTD
		CENTRAL INDEX KEY:			0000885307
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-LUMBER & OTHER BUILDING MATERIALS DEALERS [5211]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			OR
		FISCAL YEAR END:			0831

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-19954
		FILM NUMBER:		191083510

	BUSINESS ADDRESS:	
		STREET 1:		32275 NW HILLCREST
		CITY:			NORTH PLAINS
		STATE:			OR
		ZIP:			97133
		BUSINESS PHONE:		5036470110

	MAIL ADDRESS:	
		STREET 1:		P O BOX 1010
		CITY:			NORTH PLAINS
		STATE:			OR
		ZIP:			97133
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>jewettsept320198k.htm
<DESCRIPTION>JEWETT CAMERON 8-K FOR SEPTEMBER 2019
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
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<HEAD>
<TITLE>Jewett Cameron Form 8-K</TITLE>
<META NAME="author" CONTENT="Steven Taylor">
<META NAME="date" CONTENT="09/09/2019">
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<BODY style="margin-top:0;font-family:Times New Roman; font-size:10pt; color:#000000">
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-family:Verdana,Times New Roman" align=center><B>UNITED STATES</B></P>
<P style="margin:0px; font-family:Verdana,Times New Roman" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-family:Verdana,Times New Roman" align=center>Washington, D.C. 20549</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-family:Verdana,Times New Roman" align=center><B>FORM 8-K</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-family:Verdana,Times New Roman" align=center>CURRENT REPORT</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-family:Verdana,Times New Roman" align=center>Pursuant to Section 13 or 15(d) of the</P>
<P style="margin:0px; font-family:Verdana,Times New Roman" align=center>Securities Exchange Act of 1934</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:Verdana,Times New Roman" align=center>Date of Report (Date of Earliest event reported): &nbsp;September 3, 2019</P>
<P style="margin:0px; font-family:Verdana,Times New Roman" align=center>-------------------------------------------------------------------------------------</P>
<P style="margin:0px; font-family:Verdana,Times New Roman" align=center><B><U>JEWETT-CAMERON TRADING COMPANY LTD</U></B><B>.</B></P>
<P style="margin:0px; font-family:Verdana,Times New Roman" align=center>(Exact name of registrant as specified in its charter)</P>
<P style="margin:0px" align=center><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=207 /><TD width=15.733 /><TD width=205.067 /><TD width=15.733 /><TD width=204 /></TR>
<TR><TD style="margin-top:0px" valign=top width=207><P style="margin:0px; font-family:Verdana,Times New Roman" align=center><B>BRITISH COLUMBIA</B></P>
</TD><TD style="margin-top:0px" valign=top width=15.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=205.067><P style="margin:0px; font-family:Verdana,Times New Roman" align=center><B>000-19954</B></P>
</TD><TD style="margin-top:0px" valign=top width=15.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=204><P style="margin:0px; font-family:Verdana,Times New Roman" align=center><B>NONE</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=207><P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-family:Verdana,Times New Roman" align=center>(State or other jurisdiction</P>
<P style="margin:0px; font-family:Verdana,Times New Roman" align=center>of incorporation)</P>
</TD><TD style="margin-top:0px" valign=top width=15.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=205.067><P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-family:Verdana,Times New Roman" align=center>(Commission file no.)</P>
</TD><TD style="margin-top:0px" valign=top width=15.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=204><P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-family:Verdana,Times New Roman" align=center>(I.R.S. employer identification no.)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=207><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=15.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=205.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=15.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=204><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=207><P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-family:Verdana,Times New Roman" align=center><B>32275 N.W. Hillcrest,</B></P>
<P style="margin:0px; font-family:Verdana,Times New Roman" align=center><B>North Plains, Oregon</B></P>
</TD><TD style="margin-top:0px" valign=top width=15.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=205.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=15.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=204><P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-family:Verdana,Times New Roman" align=center><B>97133</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=207><P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-family:Verdana,Times New Roman" align=center>(Address of principal</P>
<P style="margin:0px; font-family:Verdana,Times New Roman" align=center>executive offices)</P>
</TD><TD style="margin-top:0px" valign=top width=15.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=205.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=15.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=204><P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-family:Verdana,Times New Roman" align=center>(Zip code)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=207><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=15.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=205.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=15.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=204><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
</TABLE>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-family:Verdana,Times New Roman" align=center><B>(503) 647-0110</B></P>
<P style="margin:0px; font-family:Verdana,Times New Roman" align=center>_________________________________________________________________</P>
<P style="margin:0px; font-family:Verdana,Times New Roman" align=center>(Registrant's telephone No. including area code)</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-family:Verdana,Times New Roman" align=center>Not Applicable</P>
<P style="margin:0px; font-family:Verdana,Times New Roman" align=center>_________________________________________________________________</P>
<P style="margin:0px; font-family:Verdana,Times New Roman" align=center>(Former Name or Former Address, if Changed since Last Report)</P>
<P style="margin:0px; font-family:Verdana,Times New Roman" align=center>_________________________</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-family:Verdana,Times New Roman" align=justify>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:</P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; width:60px; font-family:Verdana,Times New Roman; float:left">[ &nbsp;] </P>
<P style="margin:0px; padding-left:60px; text-indent:-2px; font-family:Verdana,Times New Roman" align=justify>Written communications pursuant to Rule 425 under the Securities Act (17 CRF 230.425).</P>
<P style="margin-top:0px; margin-bottom:-2px; width:60px; font-family:Verdana,Times New Roman; clear:left; float:left">[ &nbsp;] </P>
<P style="margin:0px; padding-left:60px; text-indent:-2px; font-family:Verdana,Times New Roman" align=justify>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
<P style="margin-top:0px; margin-bottom:-2px; width:60px; font-family:Verdana,Times New Roman; clear:left; float:left">[ &nbsp;] </P>
<P style="margin:0px; padding-left:60px; text-indent:-2px; font-family:Verdana,Times New Roman" align=justify>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>
<P style="margin-top:0px; margin-bottom:-2px; width:60px; font-family:Verdana,Times New Roman; clear:left; float:left">[ &nbsp;] </P>
<P style="margin:0px; padding-left:60px; text-indent:-2px; font-family:Verdana,Times New Roman" align=justify>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.14e-4(c))</P>
<P style="margin:0px; clear:left" align=justify><BR></P>
<P style="margin:0px; font-family:Verdana,Times New Roman" align=center>Securities registered pursuant to Section 12(b) of the Act:</P>
<P style="margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=244.2 /><TD width=179.933 /><TD width=209.467 /></TR>
<TR><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=244.2><P style="margin-top:0px; margin-bottom:1.133px; font-family:Verdana,Times New Roman" align=center><B>Title of Each Class</B></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=179.933><P style="margin-top:0px; margin-bottom:1.133px; font-family:Verdana,Times New Roman" align=center><B>Trading Symbol(s)</B></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=209.467><P style="margin-top:0px; margin-bottom:1.133px; font-family:Verdana,Times New Roman" align=center><B>Name of Each Exchange on Which Registered</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=244.2><P style="margin:0px; padding-left:13.333px; font-family:Verdana,Times New Roman" align=center>Common Stock, no par value</P>
</TD><TD style="margin-top:0px" valign=bottom width=179.933><P style="margin:0px; font-family:Verdana,Times New Roman" align=center>JCTCF</P>
</TD><TD style="margin-top:0px" valign=bottom width=209.467><P style="margin:0px; font-family:Verdana,Times New Roman" align=center>NASDAQ Capital Market</P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-family:Verdana,Times New Roman" align=justify>Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter). </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-left:348px; font-family:Verdana,Times New Roman" align=justify>Emerging growth company <FONT style="font-family:Wingdings; font-size:12pt">x</FONT></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-family:Verdana,Times New Roman" align=justify>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. <FONT style="font-family:Wingdings; font-size:12pt">&#168;</FONT></P>
<P style="margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD width=32 /><TD /><TD width=34.067 /></TR>
<TR><TD style="margin-top:0px" valign=top width=32><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=34.067><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-bottom:3px solid #000000" valign=top width=32><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px solid #000000" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px solid #000000" valign=top width=34.067><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=32><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=34.067><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:Verdana,Times New Roman"><B>Item 8.01 Other Events.</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:Verdana,Times New Roman"><B><U>Completion of Share Repurchase Plan</U></B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:Verdana,Times New Roman" align=justify>Jewett-Cameron Trading Company Ltd. has completed the share repurchase plan previously announced on February 7, 2019.&nbsp;&nbsp;Between February 18, 2019 and August 31, 2019, the Company repurchased a total of&nbsp;250,000 shares of its common stock representing approximately 5.9% of the previously issued and outstanding shares.&nbsp; The total cost was $2,168,065 at an average share price of $8.67 per share.&nbsp; These shares were returned to treasury for cancellation. Upon completion of the repurchase plan, the Company has a total of <FONT style="background-color:#FFFFFF">3,960,538 </FONT>common shares outstanding.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-family:Verdana,Times New Roman" align=justify><B><U>Closure of MSI-Pro</U></B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-family:Verdana,Times New Roman" align=justify>Effective September 1, 2019, the Company&#146;s Board of Directors has decided to close the MSI-Pro division (&#147;MSI&#148;). MSI is an importer and distributor of pneumatic air tools and industrial clamps in the United States. The Company&#146;s products have not kept pace with changes in the overall market, and efforts to drive further sales and margin growth have been unsuccessful due to a lack of market differentiation and changing customer patterns. MSI has two full-time employees. One employee will move into a different position with Jewett-Cameron and the other will retire. The costs to close the unit and liquidate the remaining inventory is not anticipated to be significant, as the unit accounted for approximately 2% of the Company&#146;s total sales, and incurred a pre-tax loss of $20,604, during the first nine months of fiscal 2019. </P>
<P style="margin:0px" align=justify><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD width=32 /><TD /><TD width=34.067 /></TR>
<TR><TD style="margin-top:0px" valign=top width=32><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=34.067><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-bottom:3px solid #000000" valign=top width=32><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px solid #000000" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px solid #000000" valign=top width=34.067><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=32><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=34.067><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
</TABLE>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-family:Verdana,Times New Roman" align=center><B>SIGNATURE</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-family:Verdana,Times New Roman" align=justify>Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report to be signed on its behalf by the undersigned hereunto duly authorized.</P>
<P style="margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=289.2 /><TD width=348 /></TR>
<TR><TD style="margin-top:0px" valign=top width=289.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=348><P style="margin:0px; font-family:Verdana,Times New Roman">JEWETT-CAMERON TRADING COMPANY LTD.</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=289.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=348><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=289.2><P style="margin:0px; font-family:Verdana,Times New Roman">Date: <U>September 9, 2019</U></P>
</TD><TD style="margin-top:0px" valign=top width=348><P style="margin:0px; font-family:Verdana,Times New Roman">By: <B><I><U>/s/ &nbsp;&#147;Charles Hopewell&#148;</U></I></B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=289.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=348><P style="margin:0px; font-family:Verdana,Times New Roman">Name: Charles Hopewell</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=289.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=348><P style="margin:0px; font-family:Verdana,Times New Roman">Title: President/Chief Executive Officer/CFO/Director</P>
</TD></TR>
</TABLE>
<BR></P>
<P style="margin:0px"><BR></P>
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</SEC-DOCUMENT>
