0001193125-12-173129.txt : 20120420 0001193125-12-173129.hdr.sgml : 20120420 20120420162359 ACCESSION NUMBER: 0001193125-12-173129 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20120417 ITEM INFORMATION: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20120420 DATE AS OF CHANGE: 20120420 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NORTHWEST PIPE CO CENTRAL INDEX KEY: 0001001385 STANDARD INDUSTRIAL CLASSIFICATION: STEEL PIPE & TUBES [3317] IRS NUMBER: 930557988 STATE OF INCORPORATION: OR FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-27140 FILM NUMBER: 12771079 BUSINESS ADDRESS: STREET 1: 5721 SE COLUMBIA WAY STREET 2: SUITE 200 CITY: VANCOUVER STATE: WA ZIP: 98661 BUSINESS PHONE: 3603976250 MAIL ADDRESS: STREET 1: 5721 SE COLUMBIA WAY STREET 2: SUITE 200 CITY: VANCOUVER STATE: WA ZIP: 98661 8-K 1 d338165d8k.htm FORM 8-K Form 8-K

 

 

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): April 17, 2012

 

 

NORTHWEST PIPE COMPANY

(Exact name of registrant as specified in its charter)

 

 

 

OREGON   0-27140   93-0557988

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

5721 SE Columbia Way, Suite 200

Vancouver, WA 98661

(360) 397-6250

(Address, including zip code, and telephone number, including

area code, of registrant’s principal executive offices)

 

 

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))

 

 

 


Item 3.01. NOTICE OF DELISTING OR FAILURE TO SATISFY A CONTINUED LISTING RULE OR STANDARD; TRANSFER OF LISTING

On April 17, 2012, Northwest Pipe Company (the “Company”) received a letter from the Nasdaq Stock Market (“Nasdaq”) stating that Nasdaq has extended until April 30, 2012 the date by which the Company must regain compliance with Nasdaq’s listing rules by filing its delinquent Quarterly Report on Form 10-Q for the quarter ended September 30, 2011 and Annual Report on Form 10-K for the year ended December 31, 2011 (the “Delinquent Reports”). Nasdaq had previously granted the Company an exception from its listing rules until April 16, 2012 to file the Delinquent Reports. If the Company does not file the Delinquent Reports by April 30, 2012, Nasdaq will provide written notification that the Company’s securities will be delisted. At that time, the Company would be permitted to appeal the Nasdaq staff’s delisting determination to a Hearings Panel.

The press release issued by the Company on April 17, 2012 is furnished herewith as Exhibit No. 99.1 to this Report.

 

Item 9.01. FINANCIAL STATEMENTS AND EXHIBITS

 

  (d) Exhibits

 

99.1    Press Release issued by Northwest Pipe Company dated April 17, 2012


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 thereunto duly authorized on April 20, 2012.

 

NORTHWEST PIPE COMPANY

(Registrant)

By

  /s/    ROBIN GANTT
 

Robin Gantt,

Vice President and Chief Financial Officer

EX-99.1 2 d338165dex991.htm PRESS RELEASE Press Release

Exhibit 99.1

 

LOGO

April 17, 2012

NORTHWEST PIPE ANNOUNCES RECEIPT OF NASDAQ NOTICE EXTENDING COMPLIANCE DATE

Vancouver, WA, April 17, 2012. Northwest Pipe Company (NASDAQ: NWPX) today announced that it has received a letter from the Nasdaq Stock Market (“Nasdaq”) stating that Nasdaq has extended until April 30, 2012 the date by which the Company must regain compliance with Nasdaq’s listing rules by filing its delinquent Quarterly Report on Form 10-Q for the quarter ended September 30, 2011 and Annual Report on Form 10-K for the year ended December 31, 2011 (the “Delinquent Reports”). Nasdaq had previously granted the Company an exception from its listing rules until April 16, 2012 to file the Delinquent Reports. If the Company does not file the Delinquent Reports by April 30, 2012, Nasdaq will provide written notification that the Company’s securities will be delisted. At that time, the Company would be permitted to appeal the Nasdaq staff’s delisting determination to a Hearings Panel.

About Northwest Pipe Company

Northwest Pipe Company manufactures welded steel pipe and other products in two business groups. Its Water Transmission Group is the leading supplier of large diameter, high-pressure steel pipe products that are used primarily for water infrastructure in North America. Its Tubular Products Group manufactures smaller diameter steel pipe for a wide range of products including energy, construction, agriculture and industrial systems. The Company is headquartered in Vancouver, Washington and has ten manufacturing facilities across the United States and Mexico.

Forward-Looking Statements

This press release contains statements that are “forward-looking” statements within the meaning of the Securities Litigation Reform Act of 1995 and Section 21E of the Exchange Act that are based on current expectations, estimates and projections about our business, management’s beliefs, and assumptions made by management. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements as a result of a variety of important factors. While it is impossible to identify all such factors, those that could cause actual results to differ materially from those estimated by us include the completion and results of the restatement of the Company’s previously issued consolidated financial statements, additional accounting or other issues identified in connection with the restatement and the audit and review of the restated financial statements by the Company’s independent registered public accounting firm, negative reactions from the Company’s creditors or customers to the Company’s restatement of its financial statements, the scope and impact of the restatement of the Company’s financial statements, the existence of other errors that may require further adjustment of the Company’s financial statements, that the Company’s internal controls over financial reporting may be inadequate or have material weaknesses of which the Company is not currently aware, that the Company’s disclosure controls and procedures may not be effective, the impact and result of any litigation, investigation or other action by The Nasdaq Stock Market, the SEC, any other governmental agency or other parties related to the Company’s restatement of its financial statements, and other risks discussed in our Annual Report on Form 10-K for the year ended December 31, 2010 and from time to time in our other Securities and Exchange Commission filings and reports. Such forward-looking statements speak only as of the date on which they are made and we do not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release. If we do update or correct one or more forward-looking statements, investors and others should not conclude that we will make additional updates or corrections with respect thereto or with respect to other forward-looking statements.


CONTACT:    Robin Gantt, Chief Financial Officer
   360-397-6250
GRAPHIC 3 g338165ssqq2.jpg GRAPHIC begin 644 g338165ssqq2.jpg M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````9```_^X`#D%D M;V)E`&3``````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$! M`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,#`P$!`0$!`0$"`0$" M`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,# M`P,#`P,#`P,#_\``$0@`,P#]`P$1``(1`0,1`?_$`(,``0`"`@,!`0`````` M```````'"0@*!08+!`,!`0$!```````````````````!`A````8"`0($!0(# M"`,!`````0(#!`4&!P@`$0D2$Q0*(2(5%A!$! M``(#``,!`0````````````$1(3%!46&!<;'_V@`,`P$``A$#$0`_`-_C@.`X M#@.`X#@.`X#@.`X#@?,]=IL&;M\L!A19MEW:H$#Q'%-ND=8X%#^)A*0>@?V\ M#1%Q3W<_<(=QB\Y\O7;YQ'A9M@_&.3Y6A-86>:5Q65@RLW#XD<22DYP@N)!X M[:,#*JG`?`4P]`^`<&V"V9_<-][?`>3C8@R3EW3*-O#9^:,E&,2HVEY*-:KLVJB2GP-T.8`'@RL@H&U_NN(`X6?+8(X0X#@.` MX#@.`X#@.`X#@.`X#@.`X#@.`X#@.`X#@.`X#@<+9/\`KL__`++*?Y%?@:-W MMP[M9<;]MOO"7VG)"M:JED;)4Y`$!$[D1E&%6NRS4P-R`)U3$5`#```/7IPO M/K+KLJ=D?M=YI[86*_V64_R*_`\['LM]SS7_MH:/;OS>:*I;LF6'-.V\O0L:XBI#1%2>R'(/6]F MCY1@B_?%&+C4&S=WXE#KC\0^!0$>@<<6\?6)*O;@[XN'?OC&6DF&>X1@35+) M3YVO9,//LB5Q=X6)D!$3QS9S"RAH]T<&Z@D%8QD3J_J?XB/%%3N%Q';.W)P' MV6S4[1/9#1?9O5:Y[2?5)B2V0RZ^K%M_)-X48.(V-1DT*NL]?-8XTN]3:-DT MSG!LH[%14``QA`8A)OL[1`U$[@YRCU*KLHJJ0?[2'3D#%'I^OQ*8.0Y];I/* MAP'`4 MD1(5A'EA7#Y-Z+QX90H))^#Q'$P``#UX6I?5E39K7G!LK%P69,U8SQA,S<+A"5M])Q:#D6:T@R;2CMNJX:).@%,QR@)0.'3KUX1*=7M-;N]>B;93Y MV*LU9GF:4C"ST(];R43*L5P$47;!\U.HWI7W#=H&+^ZH64\KZ=*P/JWJ7U-@^\\GE*I>(A_$'0?C MQ8G9NX0=MT';59-PV=(I.&[A$Y5$5T%B%41624*(E.FJF8#%$/@(#UX'[ MKMY!8TQ0\@EK,O&(.SI>L:+-`7*7Q"7J'7D6F3>-]7?<\YB@U;-B;N^:NY*K MC=ZK&K3E&E:39HM!^W*45F2KR)Q(Y02=)%,'4AA`W0>O!E\.2.TM[F3,7T0V M6=X=2LF*UAT:0K#B]8_Q]:7=:D3EZ#(5YU,X,>+PK_X`(+-S)J`8H"`]0`>4 M7>=BKM+VGM4X`R!6#W_(DK7&CAG6(U]Y2B*$7#@Z\"[OP%4$ MRJXII%4./RID#X<(O+X'0YV.)KC!17X#Y*+ MB5=-4UE>@]?"03&Z?'IP.A5_:C6>U13";KFP.&IB)E)$L1'/V.2:BJ@]E3B4 M"1S@"6?*NON/;FM>YY@?MV9+S?'S<;M/A;)+[3;8]=P[5ABS\*W?1UH1G0AQ( M51G)2"3MP=VN41!-?J00\0=.##8:KG=B[@]CN]WTN[#VFT5E+6715NMB]]D/ M(#G[@,7#=I+S#^#CW#E\\8N/0H(G5>NTP`Y$Q`2]2.M7WW0V[CG3F MP9>Q_JW2*_FO6+(K>@;I5*Z*OT(^EHV!\%>IM@A(URHUE@1E+2)63E($U!;+ MJ$`?E,`\$Z1SMGW0>[1OWV:-O/2^Y6L53O\` M'=?U2RAK34]X='*OC/!6R4!"U[!ZC==1"Q-P<13*.J[Q_)>L5(J\\PZ"SID] M(U7!%03`7IT'A+S:0=4_<.[_`+O8O<'&VZNO^),34[2["62\BY>39R*K*?A[ M)"E:L\>1"0N'9@E&5HFGB27FM2JE%%4J@"!1*(B-Y17G+W.6\ZF%="LLZXX" MPS97VVK6S4>=JSB6>RKV(SM!W;Z(G1X=OYR$B+9:!DHUP"RR12"HZ$.OPX)2 M#;_ M.C)@%&S4Y72B[DQ>I2B`\7!ZZY2M^ZHO]5U`VH;62=K]3'F! M>XVM*EE?/(U.UDDF*CPZ+"$<,C&<$1.H@J"R(I',4PCP8^HBJ7>&[[>S&$,A M-J?JCKIF*LW;7J;R&G<\76B-E8.MU&;,,5-Q%G>LIERPA+=!P*KE4T>[.D\$ MP$_E]1#@J4Z>SQR!MO):S7>@V_%<+&:DQ%CNZ4UAUDI?=8TOO%Y>S-0J.SSML[V;LKBTKL MV"58@+95*\[E(Q0R/@KA&%:>+BHH7S`\7SB'PZ<+N[S@X][(F5 M[SLGA&4PK=S6.`E+,^L-+FNM'F'4W#RT\9)I%R,;$.$P50?*$3%%8I1`W\!? MIW#O&A/=`VH[:/9QKN?]2,#4ZP8VD]KHAX@X3BS1YW_`+O;4?#M-WQR5VV*ZPT5E$H!68E6;A^6 MS'A'HM6;FX$*HO\`6XN&E'AS"SX]F0A]/L<]M3&M< MS%GC]!.XO0,;8_VRC:/^9L;S&'[+6[9CJ_8O(LA$R2;:7JDW8(0 MLY#2Z:IC%3QV8[SCG4C4FPO:)5,2TF M469KJ-FLX]A(]B@F*P,4I"25C%7;Z1.D=0?D(4H?Q>QD+GGVA]NHN=<+W;1C M91Q&XAJUYJ]ON]#S?9K&9Y&J5V=CY)=Q77M?9.6DJH]9M#%'U":!BB(!U$H? M&<(\LG-JO<+[L6_:3/N!^UOI.KLK2]2?7#F[(LDE+.R.5*^J=*?3B&<602-& M::[=9%OXC&=+F;J'(F)2\JXXQUV`]UWG]EKK@;9'735*M3%7DYB4Q9LG$W>7 MDT7N,\[LWY1BJ9&>@(===C:())9TS45(53^68IP`P=."=6^:?]RYW1]?K_6: M-L]VTBPMBV5I[&?U+JD,ZF$)6QO;(](SK"@K#&[$7N$>]7L'$9,CL)=K")O=JUUL5DA,^O MXN0L:T'`RD,NJH:J1Q@1#U=F9,$3&6:HBHX-T\12"7@9U5OW/F#GW;$NN[%A MQA)0V=*%D=M@F9UR.\5)(JY@D6*[^-;HN5TB/"5Q=FT65.H8@*IG1.B(`H'3 MD7'%;>9O<7=Z_5K#45L)L=VT*Y1,195+&#BNW306:,C8I:5.F]C&EF\*2KMH MK+PX&,U*\(W46$2F(4P#R[1W^\>X9[P-%C]-B/>W127EDW.K#Z2Q-7VTS/*N M[E(.G)W%>&`30244%NXKSEJ]4\T"]$U>H]`X/S:2<&>X,[E$S<]H].LSZ'1D M%O\`XMQ8OE'$.-(]>2;Q=U1AY>O*6""DFHBHLHH6GRKF09.&9E4EP9*$$?$) M0$(%H_N@-\[-HQLWMJ_U7PVP=:^9?QOC)_'*V:6;,T5+>\5CY1.0:.?+DCR# M1\F"294TQ^8?C^G!Q8$EW?>Z^;M%/NX(IH7`$RH```)99888?=S[V[>>=M,/8STNZ]`QLY%PP$* MX`UA9QAG0(@`B'4W3KQ'@_JA#N(9+[DNYG;\[?NM@=L7.E2=ZS6*E/7X%3[5TU6>WEF M5M)X=H]1S+;X>+AY264B;4U.WB%Z)(B1(IV*Y&\21;J<`5*"P=0^'P0DQ34,F'7K&>$1ZATY$8G;X=H*\:<;_`&P^3\Q: M&YJWYU@V`M,[><66;`V1KO2;'39F?DUI-:"MA::_;G4?LU%Q3,5PB=-1(/,3 M,41Z!;DPD/7GMZ[!:V:9[2;?Q_:1J3 M-MO\)*7M56/<1@,61F#I#TSHBOB4#P=2E"9Z.<[36HN<8?>+(MUP)I?L;I9B MAMI/FN(V-QMDJ6L,U2;CD:Q*N91RR7LCQFY;,UG+I5,K<1`X` M40&BT[VKMHV\PQC*WZ0YXTZR5AZF4V3NV4XC,=TCWT0UL$K<;0Z=#6$F#DH( M@HU0,`E.0QA,'41_AP*S?W[E;,F$=4TV[%>1@HJ8?5W-D M#/OX"R3<8:08%`T8@)8\[,QDOG#QB/ZAQL;5&M6G>LVENEMWS=JIHW7\19@N MV`9.U36-()DJ]R+(3[JK+/B8\<6*3.ZF5C)2)P1!+S`*)@_3KQ^KIY_;YGL+ M@/L0;1ZD;)X"M6!G$5LSA?+6.IO(OAKTMDYS97%SBK-!UNOOUDW_V\N<-2JIHWEJ M'P19MWL=XIQ!#TS:S%6,[78ZO;R6@1%S,RU2DJT_83S>O$56!-%1$Y_"H7YR M&(/`LX]O1V]X5/;*\[OP&A]VTJQ?0Z1*XEQY&9GRIE6ZYAMUOG#1.VHQM8KG"9$[96F>,I%!Y="5):=J$S?VZ;E):2@R?5GAYBT2\FB3TX^:0C% MHB?Q>`QC#T$(.4I/=.[$NWF\['7;3:5V_P`$;Q6&0LF,;I`LWTP>!M>XKG?:[MFYJ@NV'FP6^F56Q[>7$H*D'KT_@1WZV99WHE_<+X?WLG=`,KU;%L-7L982M,W,(+L:I5ZE9H MHJ%KR/-VEX9"-CXZC-[HZ5=BJ/9R.FW]7N3RS/8A\6RQ=9D'DH_JCQ\5-=LX71326\7A1<"3 MY0#@V?M\=^KUVT,SYZLM79PV^63=KHS<*/P2`,T2IQ48$[)KT\T2*ZL2WM3Z M;GU'"+0QS$*BF5`QAZB(E_=NJ]Q_=[O(=R_1EKIJ/:NRCCUO3%J&]SG<6%5E MWJLLXHC]@VB$ZO'20I#$H/)Y!%1QZ<7!P*!BE$J0CPCN[C.'<7MF3NR-97G; M*S?%I:.Q<34K`F>,DE$YAL0([&9Y1\J)?]&*2(B"R8@?]"G$/T_2*F!O;][1 M]RO^\`^@>8$<8C)K:RC.J1;\:Z%-.LK70RD::*GZ;T9V)O5@G_<\`]/U^'*F M+5C;Q:%EF.^^[[?&"\O55;6;;_/M%S?;*C6[=`J5JLJG=J2]G@99)L\,B,Q5 MBH.2MF9SBZ5,H!2D$_A`2R],;\14;\/_`(-^BL_QW]@?C;Z%Y"?H_M?Z']O^ MA\CP^5Y?H/ATZ=..';2=PAP'`GXO%Y=`]7^+/V@_S?!T\'UCZW\O7T?I_CYO)(M7[%_V ME_3:PG]C_M?^W/773T/[//S;^!NOW(]\W[6_<-_]5];X_P#'_4/AZOQ^7\G3 ME65O/"'`M_%E2^J?T_?WW?? M/IONX_E??_[NO^/_`&CYO^%^C_\`M^LZ^9_+Y%Y];E/*AP'`<#SGL(_MX_K" M4'T?]"#[Q_>VQ]/]F?U1_P!Q?UK\ECX?H/UW_P"$?E_S_P"YZG_0/J_7Q?R> )9E