Current Report Filing (8-k)
July 06 2021 - 10:45AM
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) July 1, 2021
PERMA-FIX
ENVIRONMENTAL SERVICES, INC.
(Exact
name of registrant as specified in its charter)
Delaware
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1-11596
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58-1954497
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(State
or other jurisdiction of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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8302
Dunwoody Place, Suite 250, Atlanta, Georgia
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30350
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code: (770) 587-9898
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:
[ ]
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Written
communications pursuant to Rule 425 under the Securities Act
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act
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[ ]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act
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[ ]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act
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Securities
registered pursuant to Section 12(b) of the Act:
Title
of Each Class
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Trading
Symbol(s)
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Name
of each exchange on which registered
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Common
Stock, Par Value, $.001 Per Share
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PESI
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NASDAQ
Capital Markets
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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
1.01 – Entry Into a Material Definitive Agreement
See
Item 8.01 contained herein, which is incorporated herein by reference, which discusses the forgiveness of the Paycheck Protection Program
(“PPP”) Loan, together with interest, provided to Perma-Fix Environmental Services, Inc. (the “Company”).
Item
8.01 – Other Events
On
July 1, 2021, the Company was notified by PNC Bank, National Association (“PNC Bank”), the Company’s credit facility
lender (the “Lender”), that the entire balance of the PPP Loan of approximately $5,318,000, along with accrued interest of
approximately $63,000, as evidenced by a promissory note that the Company entered into with PNC Bank on April 14, 2020, has been forgiven
by the U.S Small Business Administration (“SBA”), effective June 15, 2021. The PPP was established under the Coronavirus
Aid, Relief, and Economic Security Act (the “CARES Act”) and is administered by the SBA. The forgiveness of the PPP Loan
will be recognized by the Company in its financial statements for the second fiscal quarter ending June 30, 2021.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
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PERMA-FIX
ENVIRONMENTAL SERVICES, INC.
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By:
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/s/
Ben Naccarato
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Ben
Naccarato
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Dated:
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July
6, 2021
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Executive
Vice President and Chief Financial Officer
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