AMCOL International Provides Update on Late Filing of its 2012 Annual Report -10-K
March 22 2013 - 4:20PM
Marketwired
AMCOL International (NYSE: ACO) previously reported that its Audit
Committee, upon the recommendation of management, determined that
the audited consolidated financial statements for the years ended
December 31, 2009, December 31, 2010 and December 31, 2011, and the
unaudited consolidated financial statements for the quarter ended
March 31, 2012 need to be restated due to certain errors in their
previously issued financial statements. AMCOL International will
restate these financial statements in an amendment to their Annual
Report on Form 10-K for the year ended December 31, 2011 and an
amendment to their Quarterly Report on Form 10-Q for the quarter
ended March 31, 2012.
AMCOL International also previously reported that pending the
completion of these restatements, they are unable to complete the
preparation of their Annual Report on Form 10-K for the year ended
December 31, 2012. Due to this delay, the 2012 Form 10-K has not
been timely filed with the Securities and Exchange Commission.
AMCOL International anticipates filing the amended 2011 Form 10-K,
the amended first quarter 2012 Form 10-Q and the 2012 Form 10-K as
soon as reasonably possible.
As a result of the filing delay, AMCOL International received a
notice from the New York Stock Exchange (NYSE) indicating that it
is not currently in compliance with continued listing requirements
under the timely filing criteria outlined in Section 802.01E of the
NYSE-Listed Company Manual. The issuing of such notices is
considered routine practice in situations when there are late
filings with the SEC. Under NYSE rules, AMCOL International has six
months from March 18, 2013 to file its Form 10-K. Until AMCOL
International files its Form 10-K, AMCOL International's common
stock will remain listed on the NYSE under the symbol "ACO" but
will be assigned a "LF" indicator to signify late filing status.
The company can regain compliance with the NYSE listing standards
at any time during this six-month period once it files its Form
10-K with the SEC.
Founded in 1927, AMCOL International Corporation is a leading
producer and marketer of diverse specialty materials with a core
expertise in minerals and polymer science. Through four business
segments: Performance Materials, Construction Technologies, Energy
Services, and Transportation and Logistics, AMCOL creates solutions
that enhance the quality, efficiency and sustainability of its
customers' products and services in a growing global marketplace.
Headquartered in Hoffman Estates, Illinois, AMCOL International
Corporation is a publicly owned company traded under the symbol ACO
(NYSE). AMCOL's web address is www.amcol.com.
For further information, contact: Don Pearson Vice President
& CFO 847.851.1500
Amcol (NYSE:ACO)
Historical Stock Chart
From Jun 2024 to Jul 2024
Amcol (NYSE:ACO)
Historical Stock Chart
From Jul 2023 to Jul 2024