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PRECISION BLADES, INC.

Company Details

Name: PRECISION BLADES, INC.
Jurisdiction: MISSISSIPPI
Business Type: Profit Corporation
Status: Good Standing
Effective Date: 23 Feb 1983 (42 years ago)
Business ID: 508138
State of Incorporation: MISSISSIPPI
Principal Office Address: 725 Sunset Beach RoadFlorence, AL 35633

form 5500

Plan Name Plan Year EIN/PN Received Sponsor Total number of participants
PRECISION BLADES, INC. 401(K) PLAN 2016 640677422 2019-02-01 PRECISION BLADES, INC. 17
File View Page
Three-digit plan number (PN) 001
Effective date of plan 1998-08-01
Business code 332900
Sponsor’s telephone number 6628691034
Plan sponsor’s address P.O. BOX 1408, SALTILLO, MS, 38866

Signature of
Role Plan administrator
Date 2019-01-25
Name of individual signing MICHAEL DAVIS
Valid signature Filed with authorized/valid electronic signature
PRECISION BLADES, INC. 401(K) PLAN 2016 640677422 2019-02-01 PRECISION BLADES, INC. 17
Three-digit plan number (PN) 001
Effective date of plan 1998-08-01
Business code 332900
Sponsor’s telephone number 6628691034
Plan sponsor’s address P.O. BOX 1408, SALTILLO, MS, 38866

Signature of
Role Plan administrator
Date 2019-01-25
Name of individual signing MICHAEL DAVIS
Valid signature Filed with authorized/valid electronic signature
PRECISION BLADES, INC. 401(K) PLAN 2015 640677422 2016-06-07 PRECISION BLADES, INC. 20
File View Page
Three-digit plan number (PN) 001
Effective date of plan 1998-08-01
Business code 332900
Sponsor’s telephone number 6628691034
Plan sponsor’s address P.O. BOX 1408, SALTILLO, MS, 38866

Signature of
Role Plan administrator
Date 2016-06-07
Name of individual signing HUGH DAVIS
Valid signature Filed with authorized/valid electronic signature
PRECISION BLADES, INC. 401(K) PLAN 2014 640677422 2015-05-27 PRECISION BLADES, INC. 16
File View Page
Three-digit plan number (PN) 001
Effective date of plan 1998-08-01
Business code 332900
Sponsor’s telephone number 6628691034
Plan sponsor’s address P.O. BOX 1408, SALTILLO, MS, 38866

Signature of
Role Plan administrator
Date 2015-05-27
Name of individual signing GAYLE DAVIS
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2015-05-27
Name of individual signing HUGH DAVIS
Valid signature Filed with authorized/valid electronic signature
PRECISION BLADES, INC. 401(K) PLAN 2013 640677422 2014-05-29 PRECISION BLADES, INC. 17
File View Page
Three-digit plan number (PN) 001
Effective date of plan 1998-08-01
Business code 332900
Sponsor’s telephone number 6628691034
Plan sponsor’s address P.O. BOX 1408, SALTILLO, MS, 38866

Signature of
Role Plan administrator
Date 2014-05-29
Name of individual signing GAYLE DAVIS
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2014-05-29
Name of individual signing HUGH DAVIS
Valid signature Filed with authorized/valid electronic signature
PRECISION BLADES, INC. 401(K) PLAN 2012 640677422 2013-06-17 PRECISION BLADES, INC. 16
File View Page
Three-digit plan number (PN) 001
Effective date of plan 1998-08-01
Business code 332900
Sponsor’s telephone number 6628691034
Plan sponsor’s address P.O. BOX 1408, SALTILLO, MS, 38866

Signature of
Role Plan administrator
Date 2013-06-17
Name of individual signing HUGH DAVIS
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2013-06-17
Name of individual signing HUGH DAVIS
Valid signature Filed with authorized/valid electronic signature
PRECISION BLADES, INC. 401(K) PLAN 2011 640677422 2012-04-17 PRECISION BLADES, INC. 17
File View Page
Three-digit plan number (PN) 001
Effective date of plan 1998-08-01
Business code 332900
Sponsor’s telephone number 6628691034
Plan sponsor’s address PO BOX 1408, SALTILLO, MS, 38866

Plan administrator’s name and address
Administrator’s EIN 640677422
Plan administrator’s name PRECISION BLADES, INC.
Plan administrator’s address PO BOX 1408, SALTILLO, MS, 38866
Administrator’s telephone number 6628691034

Signature of
Role Plan administrator
Date 2012-04-17
Name of individual signing GAYLE DAVIS
Valid signature Filed with authorized/valid electronic signature
PRECISION BLADES, INC. 401(K) PLAN 2010 640677422 2011-08-09 PRECISION BLADES, INC. 14
File View Page
Three-digit plan number (PN) 001
Effective date of plan 1998-08-01
Business code 332900
Sponsor’s telephone number 6628691034
Plan sponsor’s address PO BOX 1408, SALTILLO, MS, 38866

Plan administrator’s name and address
Administrator’s EIN 640677422
Plan administrator’s name PRECISION BLADES, INC.
Plan administrator’s address PO BOX 1408, SALTILLO, MS, 38866
Administrator’s telephone number 6628691034

Signature of
Role Plan administrator
Date 2011-08-09
Name of individual signing GAYLE DAVIS
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2011-08-09
Name of individual signing GAYLE DAVIS
Valid signature Filed with authorized/valid electronic signature
PRECISION BLADES, INC. 401(K) PLAN 2009 640677422 2010-07-13 PRECISION BLADES, INC. 21
File View Page
Three-digit plan number (PN) 001
Effective date of plan 1998-08-01
Business code 332900
Sponsor’s telephone number 6628691034
Plan sponsor’s address P.O. BOX 1408, SALTILLO, MS, 38866

Plan administrator’s name and address
Administrator’s EIN 640677422
Plan administrator’s name PRECISION BLADES, INC.
Plan administrator’s address P.O. BOX 1408, SALTILLO, MS, 38866
Administrator’s telephone number 6628691034

Signature of
Role Plan administrator
Date 2010-07-13
Name of individual signing GAYLE V DAVIS
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2010-07-13
Name of individual signing GAYLE V DAVIS
Valid signature Filed with authorized/valid electronic signature

Director

Name Role Address
Michael S Davis Director 120 Bauhaus Drive, P.O. Box 1408, Saltillo, MS 38866

President

Name Role Address
Michael S Davis President 120 Bauhaus Drive, P.O. Box 1408, Saltillo, MS 38866

Chief Executive Officer

Name Role Address
Michael S Davis Chief Executive Officer 120 Bauhaus Drive, P.O. Box 1408, Saltillo, MS 38866

Treasurer

Name Role Address
Elise C Sprague Treasurer 120 Bauhaus Drive, P.O. Box 1408, Saltillo, MS 38866

Agent

Name Role Address
Michael S Davis Agent 120 Bauhaus Drive, P.O. Box 1408, SALTILLO, MS 38866

Secretary

Name Role Address
Elise C Sprague Secretary 120 Bauhaus Drive, P.O. Box 1408, Saltillo, MS 38866

Filings

Type Status Filed Date Description
Annual Report Filed 2025-02-13 Annual Report For PRECISION BLADES, INC.
Annual Report Filed 2024-02-29 Annual Report For PRECISION BLADES, INC.
Annual Report Filed 2024-01-15 Annual Report For PRECISION BLADES, INC.
Annual Report Filed 2023-03-11 Annual Report For PRECISION BLADES, INC.
Annual Report Filed 2022-03-09 Annual Report For PRECISION BLADES, INC.
Annual Report Filed 2021-03-22 Annual Report For PRECISION BLADES, INC.
Annual Report Filed 2020-07-29 Annual Report For PRECISION BLADES, INC.
Annual Report Filed 2019-05-22 Annual Report For PRECISION BLADES, INC.
Amendment Form Filed 2019-05-22 Amendment For PRECISION BLADES, INC.
Annual Report Filed 2018-07-30 Annual Report For PRECISION BLADES, INC.

OSHA's Inspections within Industry

Inspection Nr Report ID Date Opened Site Address
343591954 0419400 2018-11-08 120 BAUHAUS DR., SALTILLO, MS, 38866
Inspection Type Monitoring
Scope Partial
Safety/Health Safety
Close Conference 2018-11-08
Emphasis L: FORKLIFT
Case Closed 2018-11-08

Related Activity
Type Complaint
Activity Nr 1337774
Safety Yes
340988773 0419400 2015-10-15 120 BAUHAUS DR., SALTILLO, MS, 38866
Inspection Type FollowUp
Scope Partial
Safety/Health Health
Close Conference 2015-10-15
Case Closed 2015-11-19

Related Activity
Type Inspection
Activity Nr 1064907
Health Yes
340649078 0419400 2015-05-12 120 BAUHAUS DR., SALTILLO, MS, 38866
Inspection Type Complaint
Scope Partial
Safety/Health Health
Close Conference 2015-07-15
Case Closed 2015-09-15

Related Activity
Type Complaint
Activity Nr 981408
Safety Yes

Violation Items
Citation ID 01001
Citaton Type Serious
Standard Cited 19100157 B02
Issuance Date 2015-08-11
Abatement Due Date 2015-09-24
Current Penalty 1200.0
Initial Penalty 2000.0
Final Order 2015-08-25
Nr Instances 1
Nr Exposed 10
Gravity 5
FTA Current Penalty 0.0
Citation text line 29 CFR 1910.157(b)(2): Where the employer has an emergency action plan meeting the requirements of 1910.38 which designates certain employees to be the only employees authorized to use the available portable fire extinguishers, and which requires all other employees in the fire area to immediately evacuate the affected work area upon the sounding of the fire alarm, the employer is exempt from the distribution requirements in paragraph (d) of this section. (a) Plant Area - On or about May 28, 2015 the employer had not developed an emergency action plan meeting the requirements of 1910.38. Fire extinguishers were available in the facility.
Citation ID 02001
Citaton Type Other
Standard Cited 19100132 D01
Issuance Date 2015-08-10
Abatement Due Date 2015-09-09
Current Penalty 0.0
Initial Penalty 0.0
Final Order 2015-08-25
Nr Instances 1
Nr Exposed 10
FTA Current Penalty 0.0
Citation text line 29 CFR 1910.132(d)(1): The employer did not assess the workplace to determine if hazards are present, or are likely to be present, which necessitate the use of personal protective equipment (PPE): (a) Plant Area - On or about May 28, 2015 a hazard assessment had not been developed for employees working with blades and cutting tools.

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
4845847010 2020-04-04 0470 PPP 120 BAUHAUS DR, SALTILLO, MS, 38866-9104
Loan Status Date 2021-09-29
Loan Status Paid in Full
Loan Maturity in Months 24
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 205200
Loan Approval Amount (current) 205200
Undisbursed Amount 0
Franchise Name -
Lender Location ID 39647
Servicing Lender Name BNA Bank
Servicing Lender Address 133 E Bankhead St, NEW ALBANY, MS, 38652-3933
Rural or Urban Indicator R
Hubzone N
LMI N
Business Age Description Existing or more than 2 years old
Project Address SALTILLO, LEE, MS, 38866-9104
Project Congressional District MS-01
Number of Employees 34
NAICS code 332216
Borrower Race Unanswered
Borrower Ethnicity Unknown/NotStated
Business Type Subchapter S Corporation
Originating Lender ID 39647
Originating Lender Name BNA Bank
Originating Lender Address NEW ALBANY, MS
Gender Unanswered
Veteran Unanswered
Forgiveness Amount 207876.03
Forgiveness Paid Date 2021-08-03
7985298307 2021-01-29 0470 PPS 120 Bauhaus Dr, Saltillo, MS, 38866-9104
Loan Status Date 2022-01-08
Loan Status Paid in Full
Loan Maturity in Months 60
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 201773.37
Loan Approval Amount (current) 201773.37
Undisbursed Amount 0
Franchise Name -
Lender Location ID 39647
Servicing Lender Name BNA Bank
Servicing Lender Address 133 E Bankhead St, NEW ALBANY, MS, 38652-3933
Rural or Urban Indicator R
Hubzone N
LMI N
Business Age Description Existing or more than 2 years old
Project Address Saltillo, LEE, MS, 38866-9104
Project Congressional District MS-01
Number of Employees 20
NAICS code 332216
Borrower Race Unanswered
Borrower Ethnicity Not Hispanic or Latino
Business Type Subchapter S Corporation
Originating Lender ID 39647
Originating Lender Name BNA Bank
Originating Lender Address NEW ALBANY, MS
Gender Male Owned
Veteran Non-Veteran
Forgiveness Amount 203542.34
Forgiveness Paid Date 2021-12-16

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Date of last update: 19 Apr 2025

Sources: Mississippi Secretary of State

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