0001437749-16-029293.txt : 20160411 0001437749-16-029293.hdr.sgml : 20160411 20160411080417 ACCESSION NUMBER: 0001437749-16-029293 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20160408 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: 20160411 DATE AS OF CHANGE: 20160411 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Armco Metals Holdings, Inc. CENTRAL INDEX KEY: 0001410711 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-METALS, MINERALS (NO PETROLEUM) [5050] IRS NUMBER: 260491904 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34631 FILM NUMBER: 161563914 BUSINESS ADDRESS: STREET 1: 1730 S AMPHELTT BLVD #230 CITY: SAN MATEO STATE: CA ZIP: 94402 BUSINESS PHONE: (650) 212-7620 MAIL ADDRESS: STREET 1: 1730 S AMPHELTT BLVD #230 CITY: SAN MATEO STATE: CA ZIP: 94402 FORMER COMPANY: FORMER CONFORMED NAME: China Armco Metals, Inc. DATE OF NAME CHANGE: 20080710 FORMER COMPANY: FORMER CONFORMED NAME: Cox Distributing Inc. DATE OF NAME CHANGE: 20070827 8-K 1 amco20160409_8k.htm FORM 8-K amco20160409_8k.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 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 8, 2016

 

ARMCO METALS HOLDINGS, INC.

(Exact name of registrant as specified in its charter)

 

Nevada

001-34631

26-0491904

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

 

1730 S. Amphlett Boulevard, Suite 230, San Mateo, CA

94402

(Address of principal executive offices)

(Zip Code)

 

Registrant's telephone number, including area code

(650) 212-7630

 

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))

 

 
 

 

 

Item 3.01

Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

 

On April 8, 2016 Armco Metals Holdings, Inc. received a notice from NYSE Regulation indicating that we are below certain of the continued listing standards of the NYSE MKT as set forth in Sections 134 and 1101 of the NYSE MKT Company Guide due to the delay in filing our Annual Report on Form 10-K for the year ended December 31, 2015 (the "Form 10-K") beyond the filing due date. In furtherance to the disclosure contained in our Current Report on Form 8-K filed on March 24, 2016, we expect to record an impairment of certain assets associated with our recycling operations. We are unable to complete our Form 10-K until such time as we have received an appraisal of these assets. Currently, we are working diligently to obtain the necessary appraisal and complete the Form 10-K. We presently expect to file the Form 10-K by the first week of May 2016.

 

On April 11, 2016 we issued a press release announcing the receipt of the NYSE Regulation notice, a copy of which is filed as Exhibit 99.1 to this report.

 

Item 9.01

Financial Statements and Exhibits.

 

(d) Exhibits
   

99.1

Press release dated April 11, 2016

 

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.

 

  

ARMCO METALS HOLDINGS, INC.

  

  

Date: April 11, 2016

By: /s/ Kexuan Yao

  

Kexuan Yao, Chief Executive Officer

 

 
 

 

 

Exhibit Index

 

99.1

Press release dated April 11, 2016

 

 

 

EX-99.1 2 ex99-1.htm EXHIBIT 99.1 amco20160409_8k.htm

Exhibit 99.1

 

For immediate release

 

Armco Metals Holdings, Inc. Receives Notice of Non-Compliance

with NYSE MKT Continued Listing Requirements

 

April 11, 2016 – San Mateo, CA. Armco Metals Holdings, Inc. (NYSE MKT: AMCO) (the “Company” or "Armco") received a notice on April 8, 2016 from NYSE Regulation indicating that the Company is below certain listing standards, as set forth in Sections 134 and 1101 of the NYSE MKT Company Guide, due to the delay in filing of its Annual Report on Form 10-K for the year ended December 31, 2015 (the "Form 10-K"). Under the NYSE MKT guidelines, until Armco files its Form 10-K, its common stock will remain listed on the NYSE MKT under the symbol AMCO, but will be assigned an ".LF" indicator to indicate late filing status. Five business days following the receipt of this noncompliance notice, Armco will be added to the list of NYSE MKT noncompliant issuers on the website and the indicator will be disseminated with the Company's ticker symbol. The indicator will be removed once the Company has regained compliance with all applicable listing standards.

 

In order to maintain its listing, Armco must submit a plan of compliance by May 9, 2016 addressing its actions on how it intends to regain compliance with Sections 134 and 1101 of the NYSE MKT Company Guide by October 8, 2016. If the plan is not accepted, or if it is accepted but the Company is not in compliance with the continued listing standards by October 8, 2016, or if the Company does not make progress consistent with its plan, the NYSE MKT will initiate delisting procedures as appropriate. The Company intends to submit a compliance plan on or before the deadline set by the NYSE MKT.

 

ABOUT ARMCO METALS HOLDINGS, INC.

 

Armco Metals Holdings, Inc. is engaged in the sale and distribution of metal ore and non-ferrous metals, wood, and barley throughout China and is in the recycling business in China. Armco Metals' customers include some of the fastest growing steel producing mills and foundries throughout China. Raw materials are acquired from a global group of suppliers located in various countries, including, but not limited to, Brazil, India, Indonesia, Ukraine and the United States. Armco Metals' product lines include ferrous and non-ferrous ore, iron ore, chrome ore, nickel ore, magnesium, copper ore, manganese ore, steel billet, recycled scrap metals, raw wood and barley. For more information about Armco Metals, please visit www.armcometals.com.

 

SAFE HARBOR STATEMENT

 

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance are forward-looking and involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. We caution that investors should not place undue reliance on any forward-looking statements herein. Further, any forward-looking statement speaks only as of the date on which such statement is made. We qualify all of our forward-looking statements in this press release by these cautionary statements including those made in Part I. Item 1A. Risk Factors appearing in our Annual Report on Form 10-K for the year ended December 31, 2014 and our other filings with the Securities and Exchange Commission. New risk factors emerge from time to time and it is not possible for our management to predict all risk factors, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Except for our ongoing obligations to disclose material information under the Federal securities laws, we undertake no obligation to release publicly any revisions to any forward-looking statements, to report events or to report the occurrence of unanticipated events.

 

 
 

 

 

For more information, please contact:


Armco Metals Holdings, Inc.
US Investor Relations Contact
Christina Xiong
Office: 650.212.7620
Email:
 ir@armcometals.com 
Website:
 www.armcometals.com 

China
 
Ripple Zhang
Office: 86-21-62375286
Email:
 ripple.zhang@armcometals.com 
Website:
 www.armcometals.com

 

GRAPHIC 3 amco20160409_8kimg001.jpg begin 644 amco20160409_8kimg001.jpg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end