-----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, Sz2/nfIFTZMvJarLOw1gvtNFKpPOHp56EZygGVVyZnm73sDPdVDsOeJnkhXhLqEE EMOZNobLn4b7UV0wl18iKw== 0001171843-10-001407.txt : 20100727 0001171843-10-001407.hdr.sgml : 20100727 20100727141724 ACCESSION NUMBER: 0001171843-10-001407 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20100630 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100727 DATE AS OF CHANGE: 20100727 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ENGLOBAL CORP CENTRAL INDEX KEY: 0000933738 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-ENGINEERING SERVICES [8711] IRS NUMBER: 880322261 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14217 FILM NUMBER: 10971315 BUSINESS ADDRESS: STREET 1: 654 N. SAM HOUSTON PKWY E STREET 2: SUITE 400 CITY: HOUSTON STATE: TX ZIP: 77060-5914 BUSINESS PHONE: 281-878-1000 MAIL ADDRESS: STREET 1: 654 N. SAM HOUSTON PKWY E STREET 2: SUITE 400 CITY: HOUSTON STATE: TX ZIP: 77060-5914 FORMER COMPANY: FORMER CONFORMED NAME: INDUSTRIAL DATA SYSTEMS CORP DATE OF NAME CHANGE: 19970123 8-K 1 f8k_072710.htm FORM 8-K Form 8-K Filing

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) July 21, 2010  


ENGlobal
(Exact name of registrant as specified in its charter)


Nevada
 
001-14217
 
88-032226
(State or other jurisdiction
of incorporation)
  (Commission File Number)   (IRS Employer Identification No.)


 
654 N. Sam Houston Parkway E., Suite 400, Houston, Texas
 
77060-5914
 
  (Address of principal executive offices)   (Zip Code)  

Registrant's telephone number, including area code:   281-878-1000



________________________________________________________________________________
(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))

Item 2.02. Results of Operation and Financial Condition.

On July 21, 2010, the Company issued a press release with respect to an after tax charge during the quarter ended June 30, 2010 of approximately $1.8 million resulting from reserves taken against long term claim receivable. A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K.

Item 8.01. Other Events.

On July 21, 2010, the Company issued a press release to announce that its wholly owned subsidiary, ENGlobal Technical Services (ETS), has been awarded a multi-year contract by the U.S. Department of Defense. ETS is one of three firms that was awarded an indefinite-delivery/indefinite-quantity (ID/IQ), cost-plus-fixed-fee contract for technical and maintenance services for automated tank gauging, automated fuel service stations, and automated fuel handling equipment (AFHE). A copy of the press release is filed as Exhibit 99.2 to this Current Report on Form 8-K.

Item 9.01. Financial Statements and Exhibits.

    Exhibit 99.1.       Press release dated July 21, 2010

    Exhibit 99.2.       Press release dated July 21, 2010


SIGNATURE

    Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

    ENGlobal
(Registrant)

July 27, 2010
(Date)
  /s/   NATALIE S. HAIRSTON
Natalie S. Hairston
Vice President - Investor Relations, Chief Governance Officer and Corporate Secretary


  Exhibit Index
  99.1 Press release dated July 21, 2010
99.2 Press release dated July 21, 2010






EX-99 2 exh_991.htm EXHIBIT 99.1

EXHIBIT 99.1

ENGlobal Reports Second Quarter Charge to Earnings

HOUSTON, July 21, 2010 (GLOBE NEWSWIRE) -- ENGlobal (Nasdaq:ENG), a leading provider of energy-related project delivery solutions, today reported that its earnings for the second quarter ended June 30, 2010 will reflect an after tax charge of approximately $1.8 million resulting from reserves taken against long term claim receivable for services provided in 2008 to Bigler, LP ("Bigler"), a Texas-based chemical company. The one-time charge is calculated on a net basis, after adjustment for taxes. There will be no impact on prior or future quarters. 

The dispute involved a project to design and build improvements to the Bigler plant and terminals operations. As a result of non-payment, the Company was one of several firms to file a materialman's and mechanic's lien on the property on which the services were performed, but was an unsecured creditor. In October 2009, Bigler filed for Bankruptcy protection. 

The Chapter 11 petition listed assets of $233 million and debt of $151 million. However, in an auction held on June 16, 2010, the bankruptcy trustee sold all of the assets for an aggregate of only $58.5 million, all of which was used to pay secured creditors. ENGlobal now believes it is unlikely to recover the $2.9 million that Bigler owes. 

The Company is scheduled to announce its second quarter 2010 earnings and will hold a conference call to discuss the Company's performance on August 5, 2010.

About ENGlobal

ENGlobal provides project delivery solutions through its engineering, automation, land and government groups primarily to the energy sector throughout the United States and internationally. The Company's multi-disciplined staff develops projects from the initial planning stages, including right-of-way acquisition and permitting, and detailed design, fabrication, and inspection. ENGlobal has approximately 1,900 employees in 20 offices and occupies over 500,000 square feet of office and fabrication space. ENGlobal has been named one of the fastest growing engineering firms in the United States and Canada by ZweigWhite in each of the last six years. Further information about the Company and its businesses is available at www.ENGlobal.com.

Safe Harbor for Forward-Looking Statements

Certain matters discussed in this press release may constitute forward-looking statements within the meaning of the federal securities laws and are subject to risks and uncertainties including, but not limited to: (1)  the Company's ability to collect its accounts receivable; (2) the Company's ability to shift its contracting strategy in a manner that will prevent future charges; (3) the Company's ability to achieve its business strategy while effectively managing costs and expenses; (4) the Company's ability to successfully and profitably integrate acquisitions; and (5) improvement in the performance of the energy sector.  Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors detailed from time to time in ENGlobal's filings with the Securities and Exchange Commission. In addition, reference is hereby made to cautionary statements set forth in the Company's most recent reports on Form 10-K and 10-Q, and other SEC filings. Also, the information contained in this press release is subject to the risk factors identified in the Company's most recent Form 10-K.

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CONTACT:  ENGlobal
          Natalie S. Hairston
          (281) 878-1000
          ir@ENGlobal.com
EX-99 3 exh_992.htm EXHIBIT 99.2

EXHIBIT 99.2

ENGlobal Awarded Government Defense Contract

HOUSTON, July 21, 2010 (GLOBE NEWSWIRE) -- ENGlobal (Nasdaq:ENG), a leading provider of energy-related project delivery solutions, today announced that its wholly-owned subsidiary, ENGlobal Technical Services, Inc. ("ETS"), has been awarded a multi-year contract by the U.S. Department of Defense.

ETS is one of three firms that was awarded an indefinite-delivery/indefinite-quantity (ID/IQ), cost-plus-fixed-fee contract for technical and maintenance services for automated tank gauging, automated fuel service stations, and automated fuel handling equipment (AFHE). The scope of the project includes associated systems to include maintenance management, preventive/corrective maintenance, and operational support, as well as environmental leak detection, airfield refueling electrical supervision, and other control and sensor systems.

ETS will compete for task orders under the multi-year contract, issued by the Space and Naval Warfare ("SPAWAR") Systems Center Atlantic Charleston, S.C., which has a cumulative value of approximately $107 million, if all options are exercised. Work will be performed by ETS' Tulsa office throughout the contiguous U.S., the Pacific area (including Alaska and Hawaii), and Europe and is expected to be completed by July 2015.

SPAWAR is one of three U.S. Department of Navy major acquisition commands and is the Navy's designated technical authority and acquisition command for command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR), business information technology, and space systems. The SPAWAR command specifically procures high-end Navy information technology products and services, to the Navy fleet and other armed forces.

Michael M. Patton, President of ENGlobal's Government Services group, said, "This contract award further solidifies our long-term relationship with SPAWAR and represents the quality of our work and the professionalism of our technical services staff.  We are pleased the U.S. Navy continues to have confidence in ENGlobal's technical capabilities to perform engineering support on AFHE projects worldwide."

About Space and Naval Warfare (SPAWAR) Systems Center, Charleston

Space and Naval Warfare (SPAWAR) Systems Center, Charleston provides advanced communications and information capabilities across Department of the Navy, joint and coalition forces and consist of more than 12,000 highly-dedicated employees and contractors, deployed globally and near the fleet. Please visit www.public.navy.mil/spawar for further information about SPAWAR.

About ENGlobal

ENGlobal provides project delivery solutions through its engineering, automation, land and government groups primarily to the energy sector throughout the United States and internationally. The Company's multi-disciplined staff develops projects from the initial planning stages, including right-of-way acquisition and permitting, and detailed design, fabrication, and inspection. ENGlobal has approximately 1,900 employees in 20 offices and occupies over 500,000 square feet of office and fabrication space. ENGlobal has been named one of the fastest growing engineering firms in the United States and Canada by ZweigWhite in each of the last six years. Further information about the Company and its businesses is available at www.ENGlobal.com.

Safe Harbor for Forward-Looking Statements

Certain matters discussed in this press release may constitute forward-looking statements within the meaning of the federal securities laws and are subject to risks and uncertainties including, but not limited to: (1) the Company's ability to provide significant services under its new agreement or that the provisions of those services will be profitable; (2) the Company's ability to achieve its business strategy while effectively managing costs and expenses; (3) the Company's ability to successfully and profitably integrate acquisitions; and (4) improvement in the performance of the energy sector.  Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors detailed from time to time in ENGlobal's filings with the Securities and Exchange Commission. In addition, reference is hereby made to cautionary statements set forth in the Company's most recent reports on For m 10-K and 10-Q, and other SEC filings. Also, the information contained in this press release is subject to the risk factors identified in the Company's most recent Form 10-K.

Click here to join our email list: http://www.b2i.us/irpass.asp?BzID=702&to=ea&s=0.

CONTACT:  ENGlobal
          Natalie S. Hairston
          (281) 878-1000
          ir@ENGlobal.com
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