<PAGE>

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                   -----------

                                    FORM 10-Q

(Mark One)

[X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2007

                                       OR

[ ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934

For the transition period from ____________ to ___________

                          Commission file number 0-1227

                           Chicago Rivet & Machine Co.
             (Exact Name of Registrant as Specified in Its Charter)

             Illinois                                       36-0904920
    (State or Other Jurisdiction                         (I.R.S. Employer
 of Incorporation or Organization)                      Identification No.)

   901 Frontenac Road, Naperville, Illinois                    60563
   (Address of Principal Executive Offices)                  (Zip Code)

Registrant's Telephone Number, Including Area Code (630) 357-8500

      Indicate by check mark whether the registrant: (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. Yes [X] No [ ]

      Indicate by check mark whether the registrant is a large accelerated
filer, an accelerated filer, or a non-accelerated filer. See definition of
accelerated filer and large accelerated filer in Rule 12b-2 of the Exchange Act.
(Check one):

Large accelerated filer [ ] Accelerated filer [ ] Non-accelerated filer  [X]

      Indicate by check mark whether the registrant is a shell company (as
defined in Rule 12b-2 of the Exchange Act). Yes [ ] No [X]

As of June 30, 2007, 966,132 shares of the registrant's common stock were
outstanding.

<PAGE>

                           CHICAGO RIVET & MACHINE CO.

                                      INDEX

<TABLE>
<CAPTION>
                                                                                                                    Page
<S>                                                                                                                 <C>
PART I.  FINANCIAL INFORMATION (Unaudited)

         Condensed Consolidated Balance Sheets at June 30, 2007 and December 31, 2006                                 2-3

         Condensed Consolidated Statements of Operations for the Three and Six Months Ended June 30, 2007 and 2006      4

         Condensed Consolidated Statements of Retained Earnings for the Six Months Ended June 30, 2007 and 2006         5

         Condensed Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2007 and 2006                6

         Notes to the Condensed Consolidated Financial Statements                                                     7-9

         Management's Discussion and Analysis of Financial Condition and Results of Operations                      10-11

         Controls and Procedures                                                                                       12

PART II. OTHER INFORMATION                                                                                          13-19
</TABLE>

                                        1
<PAGE>

Item 1. Financial Statements.

                           CHICAGO RIVET & MACHINE CO.
                      Condensed Consolidated Balance Sheets
                       June 30, 2007 and December 31, 2006

<TABLE>
<CAPTION>
                                                 June 30,      December 31,
                                                  2007            2006
                                             ---------------  --------------
                                               (Unaudited)
<S>                                          <C>              <C>
                          Assets
Current Assets:
   Cash and cash equivalents                 $     1,396,348  $      367,581
   Certificates of deposit                         4,380,000       5,405,000
   Accounts receivable, net of allowance
     of $143,000 and $150,000, respectively        6,649,468       5,902,628
   Inventories:
     Raw materials                                 1,621,647       1,333,857
     Work in process                               2,122,972       1,907,653
     Finished goods                                2,128,479       2,239,799
                                             ---------------  --------------
   Total inventories                               5,873,098       5,481,309
                                             ---------------  --------------

   Deferred income taxes                             496,191         499,191
   Prepaid income taxes                                    -         118,914
   Other current assets                              225,137         294,593
                                             ---------------  --------------

Total current assets                              19,020,242      18,069,216
                                             ---------------  --------------

Property, Plant and Equipment:
     Land and improvements                         1,029,035       1,029,035
     Buildings and improvements                    6,347,078       6,321,609
     Production equipment, leased
        machines and other                        28,154,696      29,411,746
                                             ---------------  --------------
                                                  35,530,809      36,762,390
Less accumulated depreciation                     25,927,078      26,925,130
                                             ---------------  --------------
Net property, plant and equipment                  9,603,731       9,837,260
                                             ---------------  --------------

Total assets                                 $    28,623,973  $   27,906,476
                                             ===============  ==============
</TABLE>

See Notes to the Condensed Consolidated Financial Statements

                                       2
<PAGE>

                           CHICAGO RIVET & MACHINE CO.
                      Condensed Consolidated Balance Sheets
                       June 30, 2007 and December 31, 2006

<TABLE>
<CAPTION>
                                                              June 30,         December 31,
                                                                2007              2006
                                                           ---------------   ---------------
                                                            (Unaudited)
<S>                                                        <C>               <C>
          Liabilities and Shareholders' Equity

Current Liabilities:
          Accounts payable                                 $     1,785,615   $     1,431,468
          Accrued wages and salaries                               833,967           693,442
          Contributions due profit sharing plan                    136,000           225,000
          Accrued plant closing expenses                            67,234           217,443
          Other accrued expenses                                   299,851           259,680
                                                           ---------------   ---------------
Total current liabilities                                        3,122,667         2,827,033

Deferred income taxes                                            1,012,275         1,076,275
                                                           ---------------   ---------------

Total liabilities                                                4,134,942         3,903,308
                                                           ---------------   ---------------

Commitments and contingencies (Note 4)                                   -                 -

Shareholders' Equity:
          Preferred stock, no par value, 500,000 shares
             authorized: none outstanding                                -                 -
          Common stock, $1.00 par value, 4,000,000 shares
             authorized: 1,138,096 shares issued                 1,138,096         1,138,096
          Additional paid-in capital                               447,134           447,134
          Retained earnings                                     26,825,899        26,340,036
          Treasury stock, 171,964 shares at cost                (3,922,098)       (3,922,098)
                                                           ---------------   ---------------
Total shareholders' equity                                      24,489,031        24,003,168
                                                           ---------------   ---------------

Total liabilities and shareholders' equity                 $    28,623,973   $    27,906,476
                                                           ===============   ===============
</TABLE>

See Notes to the Condensed Consolidated Financial Statements

                                        3
<PAGE>

                           CHICAGO RIVET & MACHINE CO.
                 Condensed Consolidated Statements of Operations
            For the Three and Six Months Ended June 30, 2007 and 2006
                                   (Unaudited)

<TABLE>
<CAPTION>
                                              Three Months Ended                Six Months Ended
                                                   June 30,                        June 30,
                                        ------------------------------  ------------------------------
                                             2007           2006            2007           2006
                                        --------------  --------------  --------------  --------------
<S>                                     <C>             <C>             <C>             <C>
Net sales                               $   10,107,140  $   11,032,015  $   20,031,473  $   21,945,917
Lease revenue                                   23,180          25,351          46,423          52,400
                                        --------------  --------------  --------------  --------------
                                            10,130,320      11,057,366      20,077,896      21,998,317
Cost of goods sold and costs
     related to lease revenue                7,911,272       8,379,524      15,927,787      17,165,305
                                        --------------  --------------  --------------  --------------

Gross profit                                 2,219,048       2,677,842       4,150,109       4,833,012
Selling and administrative expenses          1,520,531       1,637,046       3,048,877       3,266,849
Plant closing expenses                           2,722         400,401          20,796         400,401
                                        --------------  --------------  --------------  --------------

   Operating profit                            695,795         640,395       1,080,436       1,165,762

Other income and expenses:
     Interest income                            73,026          53,954         147,457         109,918
     Other income                                6,578           4,177           7,778           9,130
                                        --------------  --------------  --------------  --------------

Income before income taxes                     775,399         698,526       1,235,671       1,284,810
Provision for income taxes                     252,000         230,000         402,000         427,000
                                        --------------  --------------  --------------  --------------

Net income                              $      523,399  $      468,526  $      833,671  $      857,810
                                        ==============  ==============  ==============  ==============

Average common shares outstanding              966,132         966,132         966,132         966,132
                                        ==============  ==============  ==============  ==============
Per share data:
     Net income per share               $         0.54  $         0.49  $         0.86  $         0.89
                                        ==============  ==============  ==============  ==============

     Cash dividends declared per share  $         0.18  $         0.18  $         0.36  $         0.36
                                        ==============  ==============  ==============  ==============
</TABLE>

See Notes to the Condensed Consolidated Financial Statements

                                        4
<PAGE>

                           CHICAGO RIVET & MACHINE CO.
             Condensed Consolidated Statements of Retained Earnings
                 For the Six Months Ended June 30, 2007 and 2006
                                   (Unaudited)

<TABLE>
<CAPTION>
                                               2007             2006
                                          --------------   ---------------
<S>                                       <C>              <C>
Retained earnings at beginning of period  $   26,340,036   $    25,915,024

Net income for the six months ended              833,671           857,810

Cash dividends declared in the period,
   $.36 per share in 2007 and 2006              (347,808)         (347,808)
                                          --------------   ---------------

Retained earnings at end of period        $   26,825,899   $    26,425,026
                                          ==============   ===============
</TABLE>

See Notes to the Condensed Consolidated Financial Statements

                                        5
<PAGE>

                           CHICAGO RIVET & MACHINE CO.
                 Condensed Consolidated Statements of Cash Flows
                 For the Six Months Ended June 30, 2007 and 2006
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                2007            2006
                                                          --------------   ----------------
<S>                                                       <C>              <C>
Cash flows from operating activities:
Net income                                                $      833,671   $        857,810
Adjustments to reconcile net income to net cash
   provided by operating activities:
   Depreciation                                                  562,248            817,410
   Net gain on the sale of equipment                             (17,824)            (2,830)
   Deferred income taxes                                         (61,000)          (240,000)
   Changes in operating assets and liabilities:
     Accounts receivable, net                                   (746,840)        (1,893,500)
     Inventories                                                (391,789)           176,878
     Other current assets                                        188,370             66,790
     Accounts payable                                            264,923             (2,445)
     Accrued wages and salaries                                  140,525            190,195
     Accrued profit sharing contribution                         (89,000)            65,000
     Other accrued expenses                                     (110,038)           283,660
                                                          --------------   ----------------
        Net cash provided by operating activities                573,246            318,968
                                                          --------------   ----------------

Cash flows from investing activities:
   Capital expenditures                                         (252,289)          (906,989)
   Proceeds from the sale of equipment                            30,618              9,000
   Proceeds from certificates of deposit                      10,355,000          2,475,000
   Purchases of certificates of deposit                       (9,330,000)        (5,975,000)
                                                          --------------   ----------------
     Net cash provided by (used in) investing activities         803,329         (4,397,989)
                                                          --------------   ----------------

Cash flows from financing activities:
   Cash dividends paid                                          (347,808)          (347,808)
                                                          --------------   ----------------
     Net cash used in financing activities                      (347,808)          (347,808)
                                                          --------------   ----------------

Net increase (decrease) in cash and cash equivalents           1,028,767         (4,426,829)
Cash and cash equivalents at beginning of period                 367,581          4,730,837
                                                          --------------   ----------------
Cash and cash equivalents at end of period                $    1,396,348   $        304,008
                                                          ==============   ================

Supplemental schedule of non-cash investing activities:
   Capital expenditures in accounts payable               $       89,224   $         28,383
</TABLE>

See Notes to the Condensed Consolidated Financial Statements

                                        6
<PAGE>

                           CHICAGO RIVET & MACHINE CO.
            NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)

1. In the opinion of the Company, the accompanying unaudited interim financial
statements contain all adjustments necessary to present fairly the financial
position of the Company as of June 30, 2007 (unaudited) and December 31, 2006
(audited) and the results of operations and changes in cash flows for the
indicated periods.

The preparation of financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions that
affect the reported amounts of assets and liabilities and disclosure of
contingent assets and liabilities at the date of the financial statements and
the reported amounts of revenues and expenses during the reporting period.
Actual results could differ from those estimates.

2. The results of operations for the three and six-month period ending June 30,
2007 are not necessarily indicative of the results to be expected for the year.

3. The Company extends credit on the basis of terms that are customary within
our markets to various companies doing business primarily in the automotive
industry. The Company has a concentration of credit risk primarily within the
automotive industry and in the Midwestern United States.

4. The Company is, from time to time, involved in litigation, including
environmental claims and contract disputes, in the normal course of business.
While it is not possible at this time to establish the ultimate amount of
liability with respect to contingent liabilities, including those related to
legal proceedings, management is of the opinion that the aggregate amount of any
such liabilities, for which provision has not been made, will not have a
material adverse effect on the Company's financial position.

5. The Company adopted the provisions of Financial Accounting Standards Board
Interpretation No. 48 "Accounting for Uncertainty in Income Taxes" ("FIN 48"),
on January 1, 2007. There was no effect on retained earnings related to this
adoption. Consistent with FIN 48, the Company classifies interest and penalties
related to unrecognized tax benefits as a component of income tax expense.

The Company's federal income tax returns for the 2005 and 2006 tax years are
subject to examination by the Internal Revenue Service ("IRS"). While it may be
possible that a reduction could occur with respect to the Company's unrecognized
tax benefits as an outcome of an IRS examination, management does not anticipate
any adjustments that would result in a material change to the results of
operations or financial condition of the Company. The 2004 federal income tax
return was examined by the IRS and no adjustments were made as a result of the
examination.

No statutes have been extended on any of the Company's federal income tax
filings. The statute of limitations on the Company's 2005 and 2006 federal
income tax returns will expire on September 15, 2009 and 2010, respectively.

The Company's state income tax returns for the 2004 through 2006 tax years
remain subject to examination by various state authorities with the latest
closing period on October 31, 2010. The Company is currently not under
examination by any state authority for income tax purposes and no statutes for
state income tax filings have been extended.

6. The Company recorded various charges during 2006 and 2007 related to the
closure of its Jefferson, Iowa facility. The facility had been operating below
capacity and after the transfer of production activities to Tyrone,
Pennsylvania, operations ceased in December 2006. As a result of the closure,
the Company recorded plant closing expenses of $422,934 in the year ended
December 31, 2006, and $20,796 in the period ended June 30, 2007.

The following is a summary of liabilities recorded on the accompanying balance
sheets as accrued plant closing expenses:

<TABLE>
<CAPTION>
                               Severance        Facility
                              and Benefits   Closure Costs        Total
                              -------------  -------------   ----------------
<S>                           <C>            <C>             <C>
Balance at December 31, 2006  $     177,074  $      40,369   $        217,443
   Charge                                 -         20,796             20,796
   Payments                        (112,051)       (58,954)          (171,005)
   Non-cash reduction                     -              -                  -
                              -----------------------------------------------
Balance at June 30, 2007      $      65,023  $       2,211   $         67,234
                              -----------------------------------------------
</TABLE>

                                       7

<PAGE>

                           CHICAGO RIVET & MACHINE CO.
            NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)

7. Segment Information -- The Company operates in two business segments as
determined by its products. The fastener segment includes rivets, cold-formed
fasteners and screw machine products. The assembly equipment segment includes
automatic rivet setting machines, parts and tools for such machines and the
leasing of automatic rivet setting machines. Information by segment is as
follows:

<TABLE>
<CAPTION>
                                                           Assembly
                                           Fastener        Equipment        Other       Consolidated
                                       --------------   ---------------  -----------  ---------------
<S>                                    <C>              <C>              <C>          <C>
Three Months Ended June 30, 2007:
Net sales and lease revenue            $    8,860,781   $     1,269,539               $    10,130,320

Depreciation                                  236,859            21,190       23,616          281,665

Segment profit                                932,507           306,315                     1,238,822
Selling and administrative expenses                                         (533,727)        (533,727)
Plant closing expenses                         (2,722)                                         (2,722)
Interest income                                                               73,026           73,026
                                                                                      ---------------
Income before income taxes                                                                    775,399
                                                                                      ---------------

Capital expenditures                          159,388            22,507                       181,895

Segment assets:
   Accounts receivable, net                 6,057,791           591,677                     6,649,468
   Inventories                              4,245,827         1,627,271                     5,873,098
   Property, plant and equipment, net       7,546,091         1,162,665      894,975        9,603,731
   Other assets                                                            6,497,676        6,497,676
                                                                                      ---------------
                                                                                           28,623,973
                                                                                      ---------------

Three Months Ended June 30, 2006:
Net sales and lease revenue            $    9,529,364   $     1,528,002               $    11,057,366

Depreciation                                  361,486            25,377       22,370          409,233

Segment profit                              1,201,970           402,778                     1,604,748
Selling and administrative expenses                                         (559,775)        (559,775)
Plant closing expenses                       (400,401)                                       (400,401)
Interest income                                                               53,954           53,954
                                                                                      ---------------
Income before income taxes                                                                    698,526
                                                                                      ---------------

Capital expenditures                          858,459                 -       14,543          873,002

Segment assets:
   Accounts receivable, net                 6,552,671           711,440                     7,264,111
   Inventories                              4,185,252         1,609,565                     5,794,817
   Property, plant and equipment, net       8,004,727         1,232,870      925,703       10,163,300
   Other assets                                                            5,529,551        5,529,551
                                                                                      ---------------
                                                                                           28,751,779
                                                                                      ---------------
</TABLE>

                                        8
<PAGE>

                           CHICAGO RIVET & MACHINE CO.
            NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                          Assembly
                                         Fastener        Equipment        Other         Consolidated
                                     --------------   --------------   ------------   ---------------
<S>                                  <C>              <C>              <C>            <C>
Six Months Ended June 30, 2007:
Net sales and lease revenue          $   17,586,152   $     2,491,744                 $    20,077,896

Depreciation                                472,757            42,259        47,232           562,248

Segment profit                            1,658,976           541,412                       2,200,388
Selling and administrative expenses                                      (1,091,378)       (1,091,378)
Plant closing expenses                      (20,796)                                          (20,796)
Interest income                                                             147,457           147,457
                                                                                      ---------------
Income before income taxes                                                                  1,235,671
                                                                                      ---------------

Capital expenditures                        319,006            22,507                         341,513

Six Months Ended June 30, 2006:
Net sales and lease revenue          $   18,710,087   $     3,288,230                 $    21,998,317

Depreciation                                722,716            50,754        43,940           817,410

Segment profit                            1,850,105           853,550                       2,703,655
Selling and administrative expenses                                      (1,128,362)       (1,128,362)
Plant closing expenses                     (400,401)                                         (400,401)
Interest income                                                             109,918           109,918
                                                                                      ---------------
Income before income taxes                                                                  1,284,810
                                                                                      ---------------

Capital expenditures                        920,829                          14,543           935,372
</TABLE>

                                        9

<PAGE>

                           CHICAGO RIVET & MACHINE CO.

Item 2. Management's Discussion and Analysis of Financial Condition and Results
of Operations.

      Results for the second quarter of 2007, as well as the current year to
date, continued to be dampened by the decline in domestic automotive sales
compared to the year earlier period. For the quarter, sales declined $927,046,
bringing the year to date decline to $1,920,421. Although the decline in sales
volume is significant, net income in the current quarter actually improved from
$468,526 in 2006 to $523,399 in 2007, primarily due to plant closing expenses of
$400,401 recorded in the prior year. Net income for the first six months of 2007
amounted to $833,671 compared to $857,810 in 2006.

      Within the fastener segment, second quarter revenues declined from
$9,529,364 in 2006 to $8,860,781 in 2007, or 7%. Partially offsetting the
decline in sales during the quarter was the reduction of certain expenses.
Segment depreciation in the current year is $125,000 lower than last year as
certain equipment became fully depreciated in 2006. Expediting and rejection
expenses declined $45,000 during the quarter due in part to investments in
inspection equipment made since last year. Outside machining declined $187,000,
due to a change in product mix and the performance of certain procedures
in-house that were formerly outsourced. Additionally, the transfer of production
activities from Jefferson, Iowa to Tyrone, Pennsylvania in the second half of
2006 resulted in further expense reductions as certain costs were eliminated.
The net reduction in other expenses during the second quarter of 2007 was
consistent with the lower level of production activity, resulting in a gross
margin of approximately $1,742,000 compared to $2,085,000 in the year earlier
quarter.

      For the first half of the year, fastener segment revenues have declined by
$1,123,935, or 6%, from $18,710,087 to $17,586,152. Similar to the second
quarter results, year to date fastener segment results reflect reductions in
depreciation of $250,000, expediting and rejection expenses of $128,000 and
outside machining of $329,000. Gross margins for the first six months of 2007
were $3,260,000 compared to $3,591,000 for the first half of 2006.

      Revenues within the assembly equipment segment totaled $1,269,539 in the
second quarter of 2007, a decline of $258,463, or 17%, compared to the second
quarter of 2006, when revenues were $1,528,002. Demand for our products in this
segment continues to show weakness. While manufacturing costs declined due to
the lower level of production activity, the reduction was not sufficient to
offset the lower volume, resulting in a $115,000 decline in gross margin, to
$478,000, compared to the second quarter of 2007. For the first six months of
2007, revenues in this segment amounted to $2,491,744, a decline of $796,486, or
24%, compared to the first six months of 2006. For the current year to date, the
reduction in production related expenses could not keep pace with the decline in
revenues, resulting in a gross margin of approximately $891,000 compared to
$1,242,000 last year.

      Selling and administrative expenses for the second quarter of 2007 were
$116,515 lower than during the second quarter of 2006. Legal fees were $23,000
lower in the quarter primarily due to services performed in 2006 related to the
Jefferson plant closing. Salaries and wages declined $16,000 during the second
quarter due to reduced headcount. Profit sharing expense declined $43,000 as a
result of lower profits in the current year after taking the plant closing
expenses into consideration. The remaining net decrease relates to various
items. On a year to date basis, selling and administrative expenses declined
$217,972 compared to the first six months of 2006. The largest components of the
year to date decline, for the reasons stated above, are salaries and wages,
which declined by $61,000 and profit sharing expense which declined by $54,000.
Additionally, legal fees and various other expense items account for the
remaining reduction.

      Second quarter and year to date 2007 results also include $2,722 and
$20,796, respectively, for expenses related to the previously disclosed
Jefferson, Iowa plant closing. The second quarter of 2006 included the initial
charge for the plant closing in the amount of $400,401. Further expenses related
to the closing are not expected to be material.

      Working capital at June 30, 2007 amounted to $15.9 million, an increase of
$.7 million from the beginning of the year. Holdings in cash, cash equivalents
and certificates of deposit at the end of the second quarter were approximately
equal to the beginning of year balance at $5.8 million. Accounts receivable
balances have increased by $.7 million this year, due to sales at the end of the
second quarter being greater than near the end of the year. The increase in
inventory, year to date, is offset by a like increase in accounts payable.
Lastly, accrued plant closing expenses have declined by approximately $150,000
since the beginning of the year as obligations related to the Jefferson, Iowa
plant closing have been settled.

                                       10
<PAGE>

      The Company has a $1.0 million line of credit, which expires May 31, 2008.
This line of credit remains unused. Management believes that current cash, cash
equivalents, operating cash flow and the available line of credit will provide
adequate working capital for the foreseeable future.

      The decline in revenues in the second quarter and year to date reflects
the reduced level of production activity in our primary markets. Fastener
segment sales in the second quarter trailed the year earlier period, marking the
fourth straight quarterly decline, primarily due to the drop in domestic
automotive production. While the consolidation of our Jefferson plant activities
is yielding positive results, these improvements are masked by the overall
decline in sales in 2007. The equipment segment, while not as reliant on the
automotive sector for revenues, has been hurt by the overall decline in domestic
manufacturing activity. While our challenges remain numerous, we will continue
to make adjustments to our activities in response to these difficult market
conditions while continuing to produce products with unsurpassed quality and
excellent customer service that make us a favored choice in the marketplace.

      This discussion contains certain "forward-looking statements" which are
inherently subject to risks and uncertainties that may cause actual events to
differ materially from those discussed herein. Factors which may cause such
differences in events include, those disclosed under "Risk Factors" in our
Annual Report on Form 10-K and in the other filings we make with the United
States Securities and Exchange Commission. These factors, include among other
things: conditions in the domestic automotive industry, upon which we rely for
sales revenue, the intense competition in our markets, the concentration of our
sales to two major customers, the price and availability of raw materials, labor
relations issues, losses related to product liability, warranty and recall
claims, costs relating to environmental laws and regulations, the loss of the
services of our key employees and difficulties in achieving expected cost
savings. Many of these factors are beyond our ability to control or predict.
Readers are cautioned not to place undue reliance on these forward-looking
statements. We undertake no obligation to publish revised forward-looking
statements to reflect events or circumstances after the date hereof or to
reflect the occurrence of unanticipated events.

                                       11
<PAGE>

                           CHICAGO RIVET & MACHINE CO.

Item 4. Controls and Procedures.

      (a) Disclosure Controls and Procedures. The Company's management, with the
participation of the Company's Chief Executive Officer and Chief Financial
Officer, has evaluated the effectiveness of the Company's disclosure controls
and procedures (as such term is defined in Rules 13a-15(e) and 15d-15(e) under
the Securities Exchange Act of 1934, as amended (the "Exchange Act")) as of the
end of the period covered by this report. Based on such evaluation, the
Company's Chief Executive Officer and Chief Financial Officer have concluded
that, as of the end of such period, the Company's disclosure controls and
procedures are effective in recording, processing, summarizing and reporting, on
a timely basis, information required to be disclosed by the Company in the
reports that it files or submits under the Exchange Act.

      (b) Internal Control Over Financial Reporting. There have not been any
changes in the Company's internal control over financial reporting (as such term
is defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) during the
fiscal quarter to which this report relates that have materially affected, or
are reasonably likely to materially affect, the Company's internal control over
financial reporting.

                                       12
<PAGE>

                          PART II -- OTHER INFORMATION

Item 4.  Submission of Matters to a Vote of Security Holders

      The Company's Annual Meeting of Stockholders was held on May 8, 2007. The
only proposal voted upon was the election of nine directors for a term ending at
the Annual Meeting in 2008. The nine persons nominated by the Company's Board of
Directors received the following votes and were elected:
<TABLE>
<CAPTION>
         NAME           VOTES FOR  VOTES WITHHELD
         ----           ---------  --------------
<S>                     <C>        <C>
Michael J. Bourg         785,873      139,183
Edward L. Chott          785,572      139,403
Kent H. Cooney           785,423      139,403
Nirendu Dhar             785,759      139,303
William T. Divane, Jr.   787,255      138,568
George P. Lynch          785,291      139,653
John R. Madden           787,309      138,593
John A. Morrissey        787,166      138,588
Walter W. Morrissey      787,160      138,593
</TABLE>

Item 6. Exhibits

<TABLE>
<S>   <C>
31    Rule 13a-14(a) or 15d-14(a) Certifications

31.1  Certification Pursuant to Rule 13a-14(a) or 15d-14(a), as Adopted Pursuant to Section 302
      of the Sarbanes-Oxley Act of 2002.


31.2  Certification Pursuant to Rule 13a-14(a) or 15d-14(a), as Adopted Pursuant to
      Section 302 of the Sarbanes-Oxley Act of 2002.


32    Section 1350 Certifications

32.1  Certification Pursuant to 18 U.S.C. Section 1350, as Adopted  Pursuant to Section 906
      of the Sarbanes-Oxley Act of 2002.

32.2  Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906
      of the Sarbanes-Oxley Act of 2002.
</TABLE>

                                       13
<PAGE>

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 thereunto duly authorized.

                                            CHICAGO RIVET & MACHINE CO.
                                            -----------------------------------
                                                  (Registrant)

Date:  August 13, 2007

                                            /s/  John A. Morrissey
                                            -----------------------------------
                                            John A. Morrissey
                                            Chairman of the Board of Directors
                                            and Chief Executive Officer

Date:  August 13, 2007

                                            /s/ Michael J. Bourg
                                            -----------------------------------
                                            Michael J. Bourg
                                            President, Chief Operating
                                            Officer and Treasurer
                                            (Principal Financial Officer)

                                       14
<PAGE>

CHICAGO RIVET & MACHINE CO.

EXHIBITS

INDEX TO EXHIBITS

<TABLE>
<CAPTION>
Exhibit
Number                                                                      Page
                                                                            ----
<S>                                                                        <C>
31       Rule 13a-14(a) or 15d-14(a) Certifications

31.1     Certification Pursuant to Rule 13a-14(a) or 15d-14(a), as
         Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002    16

31.2     Certification Pursuant to Rule 13a-14(a) or 15d-14(a), as
         Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002    17

32       Section 1350 Certifications

32.1     Certification Pursuant to 18 U.S.C. Section 1350, as
         Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002    18

32.2     Certification Pursuant to 18 U.S.C. Section 1350, as
         Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002    19
</TABLE>

                                       15