(State or other jurisdiction of
incorporation or organization)
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(I.R.S. Employer
Identification No.)
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(Address of principal executive offices)
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(Zip Code)
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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:
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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)) |
Title of Each Class | Trading Symbol(s) | Name of Each Exchange on Which Registered |
The
(Nasdaq Global Select Market)
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Emerging growth company
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
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Exhibit 99.1
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Exhibit 104
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The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.
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Date: November 18, 2020
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By:
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/s/ James F. Petelle
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James F. Petelle
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Vice President and Secretary
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Exhibit 99.1
NEWS RELEASE
FOR IMMEDIATE RELEASE |
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Contact: |
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Mark A. Carano |
Senior Vice President, | |||||
Chief Financial Officer and Treasurer | |||||
Insteel Industries, Inc. | |||||
(336) 786-2141, Ext. 3038 |
INSTEEL INDUSTRIES DECLARES REGULAR
QUARTERLY AND SPECIAL CASH DIVIDENDS
MOUNT AIRY, N.C., November 17, 2020 – Insteel Industries, Inc. (NasdaqGS: IIIN) today announced that its board of directors declared a regular quarterly cash dividend of $0.03 per share and a one-time special cash dividend of $1.50 per share of common stock payable on December 18, 2020 to shareholders of record as of December 1, 2020.
“We welcome the opportunity to return capital to our shareholders through the payment of a special dividend while fully funding our aggressive capital investment program and maintaining ample financial flexibility to pursue acquisition opportunities that may arise,” commented H.O. Woltz III, Insteel’s President and CEO.
About Insteel
Insteel is the nation’s largest manufacturer of steel wire reinforcing products for concrete construction applications. Insteel manufactures and markets prestressed concrete strand and welded wire reinforcement, including engineered structural mesh, concrete pipe reinforcement and standard welded wire reinforcement. Insteel’s products are sold primarily to manufacturers of concrete products that are used in nonresidential construction. Headquartered in Mount Airy, North Carolina, Insteel operates ten manufacturing facilities located in the United States.
Forward-Looking Statements and Risk Factors
This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not descriptions of historical facts are forward-looking statements that are based on our current expectations and may include commentary on our plans, financial position, liquidity, and other business developments. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future results could differ materially from those described, and we do not undertake and specifically decline any obligation to correct or update any forward-looking statements. For further information regarding risk factors that could affect our operations and future results, refer to our reports filed with the U.S. Securities and Exchange Commission, including our annual report on Form 10-K for the year ended October 3, 2020.
IIIN - D
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1373 Boggs Drive, Mount Airy, NC 27030/PHONE: (336) 786-2141/FAX: (336) 786-2144
WWW.INSTEEL.COM
Document And Entity Information |
Nov. 17, 2020 |
---|---|
Document Information [Line Items] | |
Entity, Registrant Name | Insteel Industries, Inc. |
Document, Type | 8-K |
Document, Period End Date | Nov. 17, 2020 |
Entity, File Number | 1-9929 |
Entity, Incorporation, State or Country Code | NC |
Entity, Tax Identification Number | 56-0674867 |
Entity, Address, Address Line One | 1373 Boggs Drive |
Entity, Address, City or Town | Mount Airy |
Entity, Address, State or Province | NC |
Entity, Address, Postal Zip Code | 27030 |
City Area Code | 336 |
Local Phone Number | 786-2141 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Stock |
Trading Symbol | IIIN |
Security Exchange Name | NASDAQ |
Entity, Emerging Growth Company | false |
Amendment Flag | false |
Entity, Central Index Key | 0000764401 |