-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, A5ksLh/eREfTWpVZM9/8IBej5m8nJZdzoVHMnS6mUl5y7ei5A9b26V2I/UMLfXaQ SlnGO2EfdwUYCXsgT6WmUA== 0000950123-09-051212.txt : 20091019 0000950123-09-051212.hdr.sgml : 20091019 20091019140825 ACCESSION NUMBER: 0000950123-09-051212 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20091015 ITEM INFORMATION: Material Impairments FILED AS OF DATE: 20091019 DATE AS OF CHANGE: 20091019 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IKONICS CORP CENTRAL INDEX KEY: 0001083301 STANDARD INDUSTRIAL CLASSIFICATION: PHOTOGRAPHIC EQUIPMENT & SUPPLIES [3861] IRS NUMBER: 410730027 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 000-25727 FILM NUMBER: 091125468 BUSINESS ADDRESS: STREET 1: 4832 GRAND AVENUE CITY: DULUTH STATE: MN ZIP: 55807 BUSINESS PHONE: 2186282217 MAIL ADDRESS: STREET 1: 4832 GRAND AVENUE CITY: DULUTH STATE: MN ZIP: 55807 FORMER COMPANY: FORMER CONFORMED NAME: CHROMALINE CORP DATE OF NAME CHANGE: 19990405 8-K/A 1 c54135e8vkza.htm FORM 8-K/A e8vkza
 
 
UNITED STATES
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)  October 15, 2009
IKONICS CORPORATION
 
(Exact name of registrant as specified in its charter)
         
Minnesota   000-25727   41-0730027
 
(State or other jurisdiction
of incorporation) 		  (Commission File Number)   (IRS Employer
Identification No.)
         
4832 Grand Avenue
Duluth, Minnesota 		      55807
 
(Address of principal executive offices)       (Zip Code)
Registrant’s telephone number, including area code (218) 628-2217
     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):
o      Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o      Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o      Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 

 

Explanatory Note
     This Current Report on Form 8-K/A updates the Current Report on Form 8-K filed by IKONICS Corporation (the “Company”) on October 1, 2009 to provide an estimate of the amount of the impairment charge to the Company’s equity investment in imaging Technology international (“iTi”).
Item 2.06. Material Impairments.
     On September 30, 2009, an authorized officer of the Company concluded that a material charge for impairment to the Company’s equity investment in iTi is required under generally accepted accounting principles applicable to the Company due to iTi’s recent financial results and current lack of available financing alternatives. On October 15, 2009, the Company determined that its equity investment in iTi of $919,000 has been fully impaired, and accordingly, the Company has recognized a non-cash impairment charge of $919,000. The impairment will not require an additional cash outlay by the Company. The amount of the impairment will be reflected in the Company’s 2009 third quarter financial results to be filed on its upcoming Quarterly Report on Form 10-Q.

 

 

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, thereunto duly authorized.
         
  IKONICS CORPORATION
 		  
Date: October 19, 2009  /s/ Jon Gerlach    
  Jon Gerlach   
  Chief Financial Officer and Vice President of Finance   
 

 

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