SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OF 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported)    May 21, 2003

 

THE OHIO ART COMPANY

(Exact name of registrant as specified in its charter)

 

OHIO

 

34-4319140

(STATE OR OTHER JURISDICTION
OF INCORPORATION OR ORGANIZATION)

 

(I.R.S. EMPLOYER IDENTIFICATION NO.)

 

 

 

 

 

 

PO BOX 111, BRYAN, OHIO 43506

(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)

 

 

 

Registrant’s telephone number, including area code    (419) 636-3141

 

 



 

Item 5.    Other Events and Regulation FD Disclosure

 

On May 21, 2003, the Registrant entered into a loan agreement with Key Bank.  A copy of the Commercial Security Agreement between The Ohio Art Company and Key Bank dated May 21, 2003 is attached as Exhibit 10(g) to this Form 8-K and incorporated herein by reference.

 

Item 7.            Financial Statements and Exhibits

 

(c)

 

Exhibits

 

 

 

10(g)

 

Commercial Security Agreement between The Ohio Art Company and Key Bank dated May 21, 2003 and related Promissory Note.

 

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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.

 

 

THE OHIO ART COMPANY

 

 

DATE:    June 25, 2003

BY:

/S/ WILLIAM C. KILLGALLON

 

WILLIAM C. KILLGALLON

 

CHAIRMAN OF THE BOARD
AND PRINCIPAL EXECUTIVE OFFICER

 

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