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EX-99 - EXHIBIT - SYNALLOY CORPsynl-090514ex99.htm


SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): September 4, 2014
 
SYNALLOY CORPORATION
 
 
(Exact name of registrant as specified in its charter)
 
 
 
 
Delaware
0-19687
57-0426694
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
 
 
 
 
775 Spartan Blvd, Suite 102, PO Box 5627, Spartanburg, SC
29304
 
(Address of principal executive offices)
(Zip Code)
 
 
 
 
Registrant's telephone number, including area code: (864) 585-3605
 
 
Inapplicable
(Former name or former address if changed since last report)

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):

[ ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


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ITEM 2.01 COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS
On August 29, 2014, Synalloy Corporation (“Synalloy”) completed the sale of all of the issued and outstanding membership interests of its wholly owned subsidiary, Ram-Fab, LLC, a South Carolina limited liability company (“Ram-Fab”), to a subsidiary of Primoris Services Corporation. The transaction was valued at less than $10 million, which consideration included (i) cash at closing, (ii) Synalloy’s ability to receive potential future earn-out payment(s), and (iii) Synalloy’s retention of specified Ram-Fab current assets.


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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 behalf by the undersigned hereunto duly authorized.

SYNALLOY CORPORATION
 
By: /S/ RICHARD D. SIERADZKI
Richard D. Sieradzki
Chief Financial Officer and Principal Accounting Officer
 
Dated: September 5, 2014


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Exhibit Number
Name
99
Press Release of Synalloy Corporation dated September 4, 2014


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