Emerge Energy Services LP Receives Expected NYSE Notice Regarding Late Form 10-K Filing
April 09 2019 - 4:50PM
Fort Worth, Texas
- April 9, 2019 - Emerge Energy Services LP (NYSE: EMES)
("Emerge Energy") today announced that, as a result of its failure
to timely file its Annual Report on Form 10-K for the fiscal year
ended December 31, 2018 (the "2018 Form 10-K"), it has received an
expected notice from the New York Stock Exchange (the "NYSE") that
Emerge Energy is not in compliance with the NYSE's continued
listing requirements under the timely filing criteria established
in Section 802.01E of the NYSE Listed Company Manuel.
As reported by Emerge Energy in
its Form 12b-25 filed with the Securities and Exchange Commission
(the "SEC") on March 19, 2019, Emerge Energy was unable to file its
2018 Form 10-K within the prescribed time period without
unreasonable effort or expense. The extension period provided under
Rule 12b-25 expired on April 2, 2019.
Emerge Energy continues to work
diligently to complete the preparation of its consolidated
financial statements in order to be in a position to file its 2018
Form 10-K with the SEC as promptly as possible after its
independent registered public accounting firm completes its
review.
In accordance with NYSE rules,
Emerge Energy has contacted the NYSE to discuss the status of the
late filing and is issuing this required press release. The NYSE
informed Emerge Energy that, under NYSE rules, Emerge Energy will
have six months from the Form 10-K due date of March 18, 2019 to
file the 2018 Form 10-K with the SEC. Emerge Energy can regain
compliance with the NYSE listing standards at any time prior to
that date by filing its 2018 Form 10-K. If Emerge Energy fails to
file the 2018 Form 10-K before the NYSE may grant, at its sole
discretion, an extension of up to six additional months for Emerge
Energy to regain compliance, depending on the specific
circumstances.
About Emerge Energy Services LP
Emerge Energy Services LP (NYSE:
EMES) is a growth-oriented limited partnership engaged in the
business of mining, producing, and distributing silica sand, a key
input for the hydraulic fracturing of oil and natural gas wells,
through its subsidiary Superior Silica Sands LLC.
Forward-Looking Statements
This release contains certain
statements that are "forward-looking statements." These statements
can be identified by the use of forward-looking terminology
including "may," "believe," "will," "expect," "anticipate," or
"estimate." These forward-looking statements involve risks and
uncertainties, and there can be no assurance that actual results
will not differ materially from those expected by management of
Emerge Energy. When considering these forward-looking
statements, you should keep in mind the risk factors and other
cautionary statements in Emerge Energy's Annual Report on Form 10-K
for the year ended December 31, 2017 filed with the SEC. The risk
factors and other factors noted in the Annual Report could cause
actual results to differ materially from those contained in any
forward-looking statement. Except as required by law, Emerge
Energy does not undertake any obligation to update or revise such
forward-looking statements to reflect events or circumstances that
occur after the date hereof.
PRESS CONTACT
Investor Relations
(817) 618-4020
This
announcement is distributed by West Corporation on behalf of West
Corporation clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Emerge Energy Services LP via Globenewswire
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