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8-KThe WireStrategic

Results of Operations · Reg FD Disclosure

Filed May 10, 2022 · 4y ago · Accession 0000950170-22-008715

Plain English

Material event — a significant development the company must disclose promptly.

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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): May 10, 2022   CECO ENVIRONMENTAL CORP. (Exact Name of registrant as specified in its charter)     Delaware   000-7099   13-2566064 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)   14651 North Dallas Parkway Suite 500 Dallas , TX   75254 (Address of principal executive offices)   (Zip Code) Registrant’s telephone number, including area code: ( 214 ) 357-6181 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: ☐ 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 Trading Symbol Name of each exchange on which registered Common Stock, par value $0.01 per share CECE 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 2.02. Results of Operations and Financial Condition. On May 10, 2022, CECO Environmental Corp., a Delaware corporation (the “Company”), issued a press release announcing its financial results for the quarter ended March 31, 2022. A copy of the press release is furnished as Exhibit 99.1 to this report and is incorporated herein by reference. The information in this Item 2.02, including the exhibit, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. Item 7.01 Regulation FD Disclosure On May 10, 2022, the Company issued a press release announcing that its Board of Directors authorized the repurchase of up to $20.0 million of the Company’s common stock. The press release is furnished herewith as Exhibit 99.2. Also, on May 10, 2022, the Company issued a press release announcing it has acquired Compass Water Solutions, Inc. ("Compass"), a leading global supplier of membrane-based industrial water and wastewater treatment systems that help customers achieve regulatory compliance of water discharge at the lowest lifecycle cost. Key financial highlights include: • Purchase price of approximately $12.5 million financed with cash and debt • Compass generated approximately $11 million of revenue in 2021 • Compass has above-average EBITDA margins and cash flows delivering attractive value for the Company. The information furnished under Item 7.01 in this Form 8-K shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or incorporated by reference in any filing under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. Item 9.01. Financial Statements and Exhibits. (d) Exhibits   Exhibit Number   Exhibit Title     99.1   Press release, CECO Environmental Reports First Quarter 2022 Results 99.2   Press release, CECO Environmental Announces $20 million Share Repurchase Program 99.3   Press release, CECO Environmental Acquires Compass Water Solutions       104   Cover Page Interactive Data File (embedded within the Inline XBRL document)   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 hereunto duly authorized.       Date: May 10, 2022       CECO Environmental Corp.                 By:   /s/ Matthew Eckl             Matthew Eckl             Chief Financial Officer
Filing details
Ticker
CECO
CIK
3197
Form type
8-K
Filing date
May 10, 2022
Report date
May 10, 2022
Document
cece-20220510.htm
Size
649 KB