-----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, RIs6Bap/OGtfrSpAB+OcDoL+kC5yiKoBsiVP9S9r+ZcmAa4ygk4l7ofxFfEsU0Tr v/Bb2OkWi0dFHsQBRQIZpw== 0001072613-07-000910.txt : 20070411 0001072613-07-000910.hdr.sgml : 20070411 20070411170328 ACCESSION NUMBER: 0001072613-07-000910 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20070411 ITEM INFORMATION: Other Events FILED AS OF DATE: 20070411 DATE AS OF CHANGE: 20070411 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NORTH AMERICAN GALVANIZING & COATINGS INC CENTRAL INDEX KEY: 0000055805 STANDARD INDUSTRIAL CLASSIFICATION: COATING, ENGRAVING & ALLIED SERVICES [3470] IRS NUMBER: 710268502 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-03920 FILM NUMBER: 07761834 BUSINESS ADDRESS: STREET 1: 5314 S YALE AVENUE STREET 2: SUITE 1000 CITY: TULSA STATE: OK ZIP: 74135 BUSINESS PHONE: (918)494-0964 MAIL ADDRESS: STREET 1: 5314 S YALE AVENUE STREET 2: SUITE 1000 CITY: TULSA STATE: OK ZIP: 74135 FORMER COMPANY: FORMER CONFORMED NAME: KINARK CORP DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: KIN ARK OIL CO DATE OF NAME CHANGE: 19690601 FORMER COMPANY: FORMER CONFORMED NAME: KIN ARK OIL & GAS CO DATE OF NAME CHANGE: 19680906 8-K 1 form8-k_15033.htm FORM 8-K DATED MARCH 30, 2007 WWW.EXFILE.COM, INC. -- 15033 -- NORTH AMERICAN GALVANIZING & COATINGS, INC. -- FORM 8-K
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K
 
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934


Date of Report (Date of earliest event reported: April 11, 2007)


North American Galvanizing & Coatings, Inc.
(Exact name of registrant as specified in charter)


Delaware
1-3920
71-0268502
(State or other jurisdiction
(Commission File Number)
(IRS Employer
of incorporation)
  
Identification No.)


5314 South Yale Avenue, Suite 1000, Tulsa, Oklahoma
74135
(Address of principal executive offices)
(Zip Code)

(Registrant’s telephone number, including area code):    (918) 494-0964

 
2250 East 73rd Street, Tulsa, Oklahoma    74136-6832
(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):

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))
 
 
Item 8.01 Other Events.
 
On April 11, 2007, North American Galvanizing Company (the “Company”), the wholly-owned subsidiary of North American Galvanizing & Coatings, Inc., entered into a settlement agreement (the “Closing Agreement”) with Harris County Industrial Development Corporation and the Commissioner of the Internal Revenue Service (“IRS”) relating to an IRS examination of the Harris County Industrial Development Corporation Adjustable Rate Industrial Development Revenue Bonds (North American Galvanizing Company Project), Series 2000, dated and issued on March 14, 2000, in the original principal amount of $9,050,000 (the “Bonds”), of which $5,640,000 is currently outstanding.  The Closing Agreement was entered into in settlement of certain issues raised by the IRS regarding compliance with the requirements of Section 103 of the Internal Revenue Code (the “Code”).  The IRS has not formally asserted any claims against the Harris County Industrial Development Corporation, or sought to tax any holders of the Bonds on interest earned on the Bonds, and the Closing Agreement was entered into for the benefit of the past, present and future registered and beneficial owners of the Bonds. The bondholders will not be required to include in their gross income any interest on the Bonds.

Pursuant to the terms of the Closing Agreement, the Company agreed to make a payment to the IRS in settlement of the issues referenced above, on behalf of Harris County Industrial Development Corporation, upon the execution of the Closing Agreement.  Furthermore, all outstanding Bonds will be redeemed on or before June 30, 2007.  The Company currently has sufficient borrowing capacity to redeem the Bonds.


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:      April 11, 2007
 
 
     
  North American Galvanizing & Coatings, Inc.
 
 		  
 		  
 
By:   /s/ Beth B. Hood
 
Beth B. Hood
  Vice President and Chief Financial Officer

 

 
 
 

 

 
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