Current Report Filing (8-k)
March 16 2016 - 6:02AM
Edgar (US Regulatory)
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)
March 10, 2016
DEEP DOWN, INC.
(Exact name of registrant as specified
in its charter)
Nevada |
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0-30351 |
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75-2263732 |
(State or other jurisdiction
of incorporation) |
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(Commission File Number) |
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(I.R.S. Employer
Identification No.) |
8827 W. Sam Houston Pkwy N. Suite
100, Houston, TX 77040
(Address of principal executive offices)
(Zip Code)
(281) 517-5000
Registrant’s telephone number, including
area code
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) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
SECTION 2 - FINANCIAL INFORMATION
ITEM 2.01 - COMPLETION OF ACQUISITION
OR DISPOSITION OF ASSETS.
Sale of Channelview property - Channelview,
Texas
On March 10, 2016, Deep Down, Inc., a Nevada
corporation (the “Company”), completed the sale of buildings and approximately 10 acres of land in Channelview, Texas
(“Channelview Property”) for a sale price of $3.8 million from SAK Investments, LLC. Approximately $1.8 million of
the proceeds of the sale were used to repay indebtedness secured by the Channelview Property.
The entry into the agreement to sell the
Channelview Property was previously reported by the Company in a Current Report on Form 8-K filed on January 14, 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 thereunto duly authorized.
Date: March 15, 2016
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DEEP DOWN, INC. |
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By : |
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/s/ Eugene L. Butler |
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Eugene L. Butler
Executive Chairman and Chief Financial Officer
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