Current Report Filing (8-k)
February 15 2018 - 6:19AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 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):
January
27, 2018
SUPERIOR
DRILLING PRODUCTS, INC.
(Exact
name of registrant as specified in its charter)
Utah
(State
of Incorporation)
1583
South 1700 East
Vernal,
Utah
(Address
of principal executive offices)
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46-4341605
(I.R.S.
Employer Identification No.)
84078
(Zip
code)
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Commission
File Number:
001-36453
Registrant’s
telephone number, including area code:
(435) 789-0594
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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[ ]
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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))
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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 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company [X]
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.
On
January 27, 2018, a wholly-owned subsidiary of Superior Drilling Product, Inc. (the “Company”) entered into a letter
agreement with Baker Hughes Oilfield Operations LLC, pursuant to which their exiting Vendor Agreement was extended through the
earlier to occur of March 31, 2018 or the execution of a new Vendor Agreement. The original Vendor Agreement would have otherwise
expired on January 28, 2018.
The
foregoing description of the letter agreement is qualified in its entirety by reference to the text of such document, which is
filed as Exhibit 10.1 to this Form 8-K and is incorporated herein by reference.
Item
2.02. Results of Operations and Financial Condition.
On
February 14, 2018, the Company issued a press release announcing its unaudited preliminary financial results and certain operational
results for the fourth quarter and fiscal year ended December 31, 2017. A copy of the press release making the announcement is
attached as Exhibit 99.2 to this Current Report on Form 8-K and is incorporated herein by reference.
In
accordance with General Instruction B.2 of Form 8-K, the information set forth in this Item 2.02 and in the attached Exhibit 99.1
shall be deemed to be “furnished” and shall not be deemed to be “filed” for purposes of Section 18 of
the Securities Exchange Act of 1934, as amended.
Item
9.01
Financial Statements and Exhibits.
*
Filed herewith.
**
Furnished herewith.
SIGNATURE
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 hereunto duly authorized.
Date:
February 14, 2018
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SUPERIOR
DRILLING PRODUCTS, INC.
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/s/
Christopher D. Cashion
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Christopher
D. Cashion
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Chief
Financial Officer
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