0001437749-23-014872.txt : 20230517 0001437749-23-014872.hdr.sgml : 20230517 20230517080104 ACCESSION NUMBER: 0001437749-23-014872 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20230516 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20230517 DATE AS OF CHANGE: 20230517 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INSTEEL INDUSTRIES INC CENTRAL INDEX KEY: 0000764401 STANDARD INDUSTRIAL CLASSIFICATION: STEEL WORKS, BLAST FURNACES & ROLLING & FINISHING MILLS [3310] IRS NUMBER: 560674867 STATE OF INCORPORATION: NC FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09929 FILM NUMBER: 23929667 BUSINESS ADDRESS: STREET 1: 1373 BOGGS DR CITY: MOUNT AIRY STATE: NC ZIP: 27030 BUSINESS PHONE: 3367862141 MAIL ADDRESS: STREET 1: 1373 BOGGS DRIVE CITY: MOUNT AIRY STATE: NC ZIP: 27030 FORMER COMPANY: FORMER CONFORMED NAME: EXPOSAIC INDUSTRIES INC DATE OF NAME CHANGE: 19880511 8-K 1 iiin20230512_8k.htm FORM 8-K iiin20230512_8k.htm
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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): May 16, 2023
 
 
 
Insteel Industries, Inc.
(Exact name of registrant as specified in its charter)
 
 
North Carolina
(State or other jurisdiction of
incorporation or organization)
Commission File Number
1-9929
56-0674867
(I.R.S. Employer
Identification No.)
     
1373 Boggs Drive, Mount Airy, North Carolina
(Address of principal
executive offices)
 
27030
(Zip Code)
 
Registrant’s telephone number, including area code: (336) 786-2141
 
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:
 
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))
 
Securities registered subject to Section 12(b) of the Exchange Act:
 
Title of Each Class Trading Symbol(s) Name of Each Exchange on Which Registered
Common Stock (No Par Value) IIIN The New York Stock Exchange
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
 
Emerging growth company
 
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. ☐
 
 

 
Item 8.01. Other Events
 
On May 16, 2023, Insteel Industries, Inc. issued a news release announcing that its Board of Directors has declared its regular quarterly cash dividend of $0.03 per share of common stock, payable on June30, 2023 to shareholders of record as of June 16, 2023. A copy of this release is included as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.
 
Item 9.01. Financial Statements and Exhibits
 
(d) Exhibits
 
Exhibit 99.1
   
Exhibit 104
The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.
 
 

 
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.
 
 
   
INSTEEL INDUSTRIES, INC.
Registrant
 
 
 
Date: May 17, 2023
By:
/s/ James F. Petelle
   
     James F. Petelle
   
     Vice President, Secretary and Chief Legal Officer
     
 
 
 
EX-99.1 2 ex_519870.htm EXHIBIT 99.1 ex_519870.htm

Exhibit 99.1

 

logo01.jpg

 

 

NEWS RELEASE

 

FOR IMMEDIATE RELEASE Contact:

Scot Jafroodi

Vice President,

Chief Financial Officer and Treasurer

Insteel Industries Inc.

(336) 786-2141

                                    

INSTEEL INDUSTRIES DECLARES QUARTERLY CASH DIVIDEND

 

MOUNT AIRY, N.C., May 16, 2023 – Insteel Industries Inc. (NYSE: IIIN) today announced that its board of directors declared a regular quarterly cash dividend of $0.03 per share of common stock payable on June 30, 2023, to shareholders of record as of June 16, 2023.

 

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 primarily 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 1, 2022.

 

IIIN - D

 

###

 

 

 

 

 

1373 BOGGS DRIVE, MOUNT AIRY, NC 27030/PHONE: (336) 786-2141/FAX: (336) 786-2144

WWW.INSTEEL.COM

 
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Document And Entity Information
May 16, 2023
Document Information [Line Items]  
Entity, Registrant Name Insteel Industries, Inc.
Document, Type 8-K
Document, Period End Date May 16, 2023
Entity, Incorporation, State or Country Code NC
Entity, File Number 1-9929
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 NYSE
Entity, Emerging Growth Company false
Amendment Flag false
Entity, Central Index Key 0000764401
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