8-K/AThe WireStrategic
Results of Operations
Filed Nov 8, 2016 · 9y ago · Accession 0001193125-16-762764
Plain English
Material event — a significant development the company must disclose promptly.
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Filing text
View original ↗SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
(Amendment No. 1)
CURRENT
REPORT
Pursuant to Section 13 or 15 (d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 1, 2016
AMPCO-PITTSBURGH CORPORATION
(Exact name of registrant as specified in its charter)
Pennsylvania
1-898
25-1117717
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
726 Bell Avenue, Suite 301
Carnegie, Pennsylvania
15106
(Address of principal executive offices)
(Zip Code)
Registrants telephone number, including area code: (412) 456-4400
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.):
☐
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))
Explanatory Note
This Amendment No. 1 to Current Report on Form 8-K/A is being filed to include as an exhibit a corrected press release that was issued on
November 8, 2016. This corrected press release replaces the press release that was issued on November 1, 2016.
Item 2.02.
Disclosure of Results of Operations and Financial Conditions .
On November 8, 2016,
Ampco-Pittsburgh Corporation (Ampco) issued a corrected press release announcing financial information for the three and nine months ended September 30, 2016. As part of completing its financial statement closing process for its
Form 10-Q, Ampco determined that the press release issued on November 1, 2016 (which was included as Exhibit 99.1 to the Current Report on Form 8-K filed by Ampco with the U.S. Securities and Exchange Commission on November 1, 2016)
contained an inadvertent error in the calculation of the valuation allowance established against certain of its deferred income tax assets for the three months ended September 30, 2016.
Ampcos valuation allowance was $26,903,000 and $28,322,000 for the three and nine months ended September 30, 2016, respectively, versus $22,620,000
and $24,039,000, as initially reported. This change affects Ampcos net loss for the three and nine months ended September 30, 2016, which was $27,382,000 and $36,758,000, respectively, instead of $23,099,000 and $32,475,000, as initially
reported; net loss per common share for the three and nine months ended September 30, 2016, which was $2.23 and $3.10, respectively, instead of $1.88 and $2.74 as initially reported; and the per common share impact of the valuation allowance
for the three and nine months ended September 30, 2016, which was $2.19 and $2.39, respectively, instead of $1.84 and $2.03, as initially reported. Corresponding corrections have also been made to the s Financial Summary attached to the
November 1, 2016 press release and to the version of the press release available on Ampcos website.
The full text of the corrected press
release is attached as Exhibit 99.1 to this Current Report on Form 8-K/A and is incorporated herein by reference. In accordance with General Instruction B.2 of Form 8-K, the information included or incorporated in this report, including Exhibit
99.1, shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act) or otherwise subject to the liability of that section, nor shall such information be
incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in any such filing.
Item 9.01.
Financial Statements and Exhibits .
(d) Exhibits.
Exhibit 99.1 - Corrected Press Release dated November 8, 2016 announcing financial results for the quarter ended September 30, 2016.
1
SIGNATURE
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.
AMPCO-PITTSBURGH CORPORATION
By:
/s/ Michael G. McAuley
Michael G. McAuley
Chief Financial Officer
Dated: November 8, 2016
2
Filing details
- Company
- AMPCO PITTSBURGH CORP
- Ticker
- AP
- CIK
- 6176
- Form type
- 8-K/A
- Filing date
- Nov 8, 2016
- Report date
- Nov 1, 2016
- Document
- d200613d8ka.htm
- Size
- 62 KB