Rockford Corp. reported unaudited consolidated financial results for the second quarter and six months ended June 30, 2012. For the quarter, the company reported net income of $2,144,000 or $0.25 diluted earnings per share on net sales of $19,048,000 against net income of $1,754,000 or $0.19 diluted earnings per share on net sales of $17,000,000 a year ago. Operating income was $2,154,000 and income before income taxes was $2,144,000 against operating income of $1,788,000 and income before income taxes of $1,754,000 a year ago. The increase in Net Sales were primarily due to increases in Rockford's core aftermarket and international sales channels.

For six months, the company reported net income of $5,114,000 or $0.60 diluted earnings per share on net sales of $39,584,000 against net income of $3,054,000 or $0.32 diluted earnings per share on net sales of $33,570,000 a year ago. Operating income was $5,128,000 and income before income taxes was $5,114,000 against operating income of $3,096,000 and income before income taxes of $3,054,000 a year ago.

At the completion of the purchase transactions, the Kamin Shareholders, Bartol Shareholders and Mr. Godfrey have agreed to restructure Board of Directors. After the restructuring Mr. Kamin will nominate two of directors, the Bartol Shareholders will nominate one director, and Mr. Godfrey will nominate one director. The company's CEO, Mr. Jackson, will also continue to serve as a director. As a result, the Board of Directors will be reduced to five directors including Mr. Kamin, Mr. Kamin's second nominee, Mr. Tim Bartol, Mr. Godfrey, and Mr. Jackson. Also as a result of this agreement, Mr. Nick Bartol, Mr. Goldress, and Mr. Lloyd have agreed to retire from Board of Directors.