Ascent Industries Files 8-K Under 'Other Events'
Ticker: ACNT · Form: 8-K · Filed: Dec 20, 2024 · CIK: 95953
| Field | Detail |
|---|---|
| Company | Ascent Industries CO. (ACNT) |
| Form Type | 8-K |
| Filed Date | Dec 20, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $1.00, $1.5 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: 8-k, other-events
TL;DR
Ascent Industries filed an 8-K for an 'Other Event' on 12/19/24. No major news.
AI Summary
Ascent Industries Co. filed an 8-K on December 20, 2024, reporting an event that occurred on December 19, 2024. The filing is categorized under 'Other Events' and does not specify any material agreements, acquisitions, or financial changes.
Why It Matters
This filing indicates a routine update or event for Ascent Industries Co. that doesn't appear to be a major financial or strategic development based on the limited information provided.
Risk Assessment
Risk Level: low — The filing is a standard 8-K for 'Other Events' and does not disclose any significant financial, operational, or strategic changes that would immediately impact the company's risk profile.
Key Numbers
- 20241219 — Event Date (The earliest date of the event reported in the 8-K filing.)
- 20241220 — Filing Date (The date the 8-K was filed with the SEC.)
Key Players & Entities
- ASCENT INDUSTRIES CO. (company) — Registrant
- SYNALLOY CORP (company) — Former company name
- BLACKMAN UHLER INDUSTRIES INC (company) — Former company name
- 0000095953-24-000082 (filing_id) — Accession Number
FAQ
What specific event is reported under 'Other Events' in this 8-K filing?
The filing does not specify the nature of the 'Other Events' beyond categorizing it as such.
When was the event that prompted this 8-K filing?
The earliest event reported occurred on December 19, 2024.
When was this 8-K filing submitted to the SEC?
The filing was submitted on December 20, 2024.
What are the former names of Ascent Industries Co. mentioned in the filing?
The filing mentions former names SYNALLOY CORP (name change date 19920703) and BLACKMAN UHLER INDUSTRIES INC (name change date 19710510).
What is the principal executive office address for Ascent Industries Co.?
The principal executive offices are located at 20 N. Martingale Rd, Suite 430, Schaumburg, Illinois 60173.
Filing Stats: 570 words · 2 min read · ~2 pages · Grade level 11.5 · Accepted 2024-12-20 16:43:35
Key Financial Figures
- $1.00 — ich registered Common Stock, par value $1.00 per share ACNT NASDAQ Global Market I
- $1.5 million — ude purchases up to the total amount of $1.5 million executed daily based on specified price
Filing Documents
- acnt-20241219.htm (8-K) — 24KB
- acnt-20241219_g1.jpg (GRAPHIC) — 11KB
- 0000095953-24-000082.txt ( ) — 170KB
- acnt-20241219.xsd (EX-101.SCH) — 2KB
- acnt-20241219_lab.xml (EX-101.LAB) — 23KB
- acnt-20241219_pre.xml (EX-101.PRE) — 13KB
- acnt-20241219_htm.xml (XML) — 3KB
01 Other Events
Item 8.01 Other Events On December 19, 2024, Ascent Industries Co. (the "Company") adopted a written trading plan under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended ("Exchange Act"). The trading plan will include purchases up to the total amount of $1.5 million executed daily based on specified price targets. This written trading plan will take effect on December 23, 2024 and will cease on February 28, 2025. Adopting a trading plan that satisfies the conditions of Rule 10b5-1 allows a company to repurchase its shares at times when it might otherwise be prevented from doing so due to self-imposed trading blackout periods or pursuant to insider trading laws. A broker selected by the Company will have the authority under the terms and limitations specified in the plan to repurchase shares on the Company's behalf in accordance with the terms of the plan. After the expiration of the current trading plan, the Company may from time to time enter into subsequent trading plans under Rule 10b5-1 to facilitate the repurchase of its common stock pursuant to its stock repurchase program. Information regarding stock repurchases will be available in the Company's periodic reports on Form 10-Q and 10-K filed with the Securities and Exchange Commission as required by the applicable rules of the Exchange Act.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on behalf by the undersigned hereunto duly authorized. Ascent Industries Co. Dated: December 20, 2024 By: /s/ Ryan Kavalauskas Ryan Kavalauskas Chief Financial Officer