Form 8-K - Current report
02 Décembre 2024 - 10:31PM
Edgar (US Regulatory)
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2024-12-02
2024-12-02
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UNITED STATES
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):
December 2, 2024
Energy Services of America Corporation
(Exact Name of Registrant as Specified in its Charter)
| Delaware |
001-32998 |
20-4606266 |
(State or other Jurisdiction
of
Incorporation) |
(Commission File Number) |
(I.R.S. Employer
Identification No.) |
| 75
West 3rd Ave., Huntington,
West Virginia |
25701 |
| (Address of Principal Executive Offices) |
(Zip Code) |
| Registrant’s telephone number, including area code: |
(304) 522-3868 |
|
Not Applicable
(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)) |
Securities registered pursuant to Section 12(b)
of the Act:
| Title of each class |
Ticker symbol(s) |
Name of each exchange on which registered |
| Common Stock, Par Value $0.0001 |
ESOA |
The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of
the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ¨
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item
8.01 Other Events
On December 2, 2024,
Energy Services of America Corporation (the “Company” or “Energy Services”) announced it has completed the previously
announced purchase of Tribute Contracting & Consultants, LLC (“Tribute”).
As previously noted, Energy Services purchased
substantially all of the assets of Tribute for $22 million in cash, less any assumed debt and working capital adjustments, and $2.0 million
of Energy Services’ common stock.
A copy of the press release
dated December 2, 2024 is included as Exhibit 99.1 to this report and is being furnished to the SEC and shall not
be deemed filed for any purpose.
Item
9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit 99.1 Press Release dated December 2, 2024
104
Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document)
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.
| |
ENERGY SERVICES OF AMERICA CORPORATION |
| |
|
| DATE: December 2, 2024 |
By: |
/s/ Charles Crimmel |
| |
|
Charles Crimmel |
| |
|
Chief Financial Officer |
Exhibit 99.1
ENERGY SERVICES OF AMERICA COMPLETES ACQUISITION
Huntington, WV December 2, 2024- Energy
Services of America Corporation (the “Company” or “Energy Services”) (Nasdaq: ESOA) has completed the previously
announced purchase of Tribute Contracting & Consultants, LLC (“Tribute”), an underground utility contractor that
employs approximately 90 construction workers and primarily specializes in water and wastewater system installations in Ohio, Kentucky,
and West Virginia.
As previously noted, Energy Services purchased
substantially all of the assets of Tribute for $22 million in cash, less any assumed debt and working capital adjustments, and $2.0 million
of Energy Services’ common stock.
Todd Harrah and Tommy Enyart will continue their
employment with Energy Services’ new subsidiary and commented on the announcement, “We are excited to join forces with Energy
Services and look forward to contributing to the company’s continued success.”
Douglas Reynolds, President, commented on the
announcement. “We are excited to add Tribute to the Energy Services team. This acquisition is consistent with our strategy of buying
companies that are familiar to us and further enhances our presence in the water distribution and wastewater categories.”
About Energy Services
Energy Services
of America Corporation (NASDAQ: ESOA), headquartered in Huntington, WV, is a contractor and service company that operates primarily in
the mid-Atlantic and Central regions of the United States and provides services to customers in the natural gas, petroleum, water distribution,
automotive, chemical, and power industries. Energy Services employs 1,200+ employees on a regular basis. The Company's core values are
safety, quality, and production.
Investor
Relations:
Steven Hooser
Three Part Advisors, LLC
(214) 872-2710
Certain statements contained in the release including,
without limitation, the words "believes," "anticipates," "intends," "expects" or words of similar
import, constitute "forward-looking statements" within the meaning of section 21E of the Securities Exchange Act of 1934, as
amended (the "Exchange Act"). Such forward-looking statements involve known and unknown risks, uncertainties and other factors
that may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance
or achievements of the Company expressed or implied by such forward-looking statements. Such factors include, among others, general economic
and business conditions, changes in business strategy or development plans, the integration of acquired business and other factors referenced
in this release. Given these uncertainties, prospective investors are cautioned not to place undue reliance on such forward-looking statements.
The Company disclaims any obligation to update any such factors or to publicly announce the results of any revisions to any of the forward-looking
statements contained herein to reflect future events or developments.
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