AVALON HOLDINGS CORP Files 10-K for Fiscal Year Ended December 31, 2023

TL;DR

<b>AVALON HOLDINGS CORP filed its 2023 10-K report, confirming compliance with SEC filing requirements.</b>

AI Summary

AVALON HOLDINGS CORP (AWX) filed a Annual Report (10-K) with the SEC on March 21, 2024. AVALON HOLDINGS CORP filed its annual report (10-K) for the fiscal year ended December 31, 2023. The company is incorporated in Ohio and its principal executive offices are located in Warren, Ohio. AVALON HOLDINGS CORP's Class A Common Stock is registered on the NYSE Amex under the ticker symbol AWX. The company has confirmed it has filed all required reports for the preceding 12 months and has been subject to filing requirements for the past 90 days. AVALON HOLDINGS CORP has submitted all Interactive Data Files required by Rule 405 of Regulation S-T for the preceding 12 months.

Why It Matters

For investors and stakeholders tracking AVALON HOLDINGS CORP, this filing contains several important signals. This filing provides a comprehensive overview of the company's financial performance and operations for the fiscal year 2023, crucial for investors assessing its current standing. The 10-K filing is a mandatory disclosure for publicly traded companies, offering detailed insights into their business, risk factors, and financial health.

Risk Assessment

Risk Level: low — AVALON HOLDINGS CORP shows low risk based on this filing. The filing is a standard 10-K report, indicating routine compliance and no immediate red flags, thus posing a low risk.

Analyst Insight

Review the full 10-K filing for detailed financial statements, management discussion, and risk factors to understand Avalon Holdings Corp's performance and outlook.

Key Numbers

• 2023-12-31 — Fiscal Year End (Reported fiscal year end)
• 2024-03-21 — Filing Date (Date the 10-K was filed)
• 1-14105 — Commission File Number (SEC Commission File Number)
• 34-1863889 — IRS Number (IRS Employer Identification Number)
• 44484-5555 — ZIP Code (Business address ZIP code)
• 330-856-8800 — Business Phone (Registrant's telephone number)

Key Players & Entities

• AVALON HOLDINGS CORP (company) — Filer name
• AWX (company) — Ticker symbol
• 10-K (regulator) — Form type
• 2023-12-31 (date) — Fiscal year end
• 2024-03-21 (date) — Filing date
• Ohio (location) — State of incorporation
• Warren (location) — City of principal executive offices
• NYSE Amex (company) — Exchange where stock is registered

FAQ

Key Dates

• 2023-12-31: Fiscal Year End — Marks the end of the reporting period for the 10-K.
• 2024-03-21: 10-K Filing Date — Date the annual report was officially submitted to the SEC.

Key Financial Figures

• $1,333 — ant on March 11, 2024 was approximately $1,333. The registrant had 3,287,647 shares of

Filing Documents

• awx20231231_10k.htm (10-K) — 286KB
• ex_638530.htm (EX-13.1) — 1295KB
• ex_638513.htm (EX-21.1) — 16KB
• ex_638514.htm (EX-23.1) — 2KB
• ex_638515.htm (EX-31.1) — 12KB
• ex_638521.htm (EX-31.2) — 12KB
• ex_638522.htm (EX-32.1) — 4KB
• ex_638523.htm (EX-32.2) — 4KB
• 0001437749-24-008877.txt (&nbsp;) — 8312KB
• awx-20231231.xsd (EX-101.SCH) — 74KB
• awx-20231231_def.xml (EX-101.DEF) — 511KB
• awx-20231231_lab.xml (EX-101.LAB) — 429KB
• awx-20231231_pre.xml (EX-101.PRE) — 551KB
• awx-20231231_cal.xml (EX-101.CAL) — 67KB
• awx20231231_10k_htm.xml (XML) — 1372KB

Business

Business 1 Item 1A.

Risk Factors

Risk Factors 6 Item 1B. Unresolved Staff Comments 12 Item 1C. Cybersecurity 12 Item 2.

Properties

Properties 12 Item 3.

Legal Proceedings

Legal Proceedings 13 Item 4. Mine Safety Disclosures 13 Part II Item 5. Market for the Registrant's Common Equity and Related Stockholder Matters 14 Item 6.

Selected Financial Data

Selected Financial Data 14 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 14 Item 7A.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 14 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 14 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 15 Item 9A.

Controls and Procedures

Controls and Procedures 15 Item 9B. Other Information 15 Part III Item 10. Directors and Executive Officers of the Registrant 16 Item 11.

Executive Compensation

Executive Compensation 17 Item 12.

Security Ownership of Certain Beneficial Owners and Management

Security Ownership of Certain Beneficial Owners and Management 17 Item 13. Certain Relationships and Related Transactions 17 Item 14. Principal Accountant Fees and Services 17 Part IV Item 15. Exhibits, Financial Statement Schedules, and Reports on Form 8-K 18 Item 16. Form 10-K Summary 21

Signatures

Signatures 22 Note on Incorporation by Reference Throughout this report various information and data are incorporated by reference from Avalon's 2023 Annual Report to Shareholders (hereinafter referred to as the "Annual Report to Shareholders"). Any reference in this report to disclosures in the Annual Report to Shareholders shall constitute incorporation by reference of that specific material into this Form 10-K. PART 1 ITEM 1.

BUSINESS

BUSINESS General Avalon Holdings Corporation ("Avalon" or the "Company") was formed on April 30, 1998 as a subsidiary of American Waste Services, Inc. ("AWS"). On June 17, 1998, AWS distributed, as a special dividend, all of the outstanding shares of capital stock of Avalon to the holders of AWS common stock on a pro rata and corresponding basis (the "Spin-off"). The history and organization of the remaining operations, some of which were contributed to Avalon as a result of the Spin-off, are described below. In June 1990, AWS purchased approximately 5.6 acres of real estate located in Warren, Ohio on which it constructed Avalon's corporate headquarters. In connection with the acquisition of such property, Avalon Lakes Golf, Inc. ("ALGI"), a former subsidiary of AWS and now an indirect wholly owned subsidiary of Avalon, acquired the real and personal property associated with the Avalon Lakes Golf Course, an 18-hole golf course adjacent to the office property. The corporate headquarters and ALGI were contributed to Avalon by AWS. The Avalon corporate headquarters building includes a clubhouse, restaurant, golf simulators and a pro shop for the Avalon Golf and Country Club at Avalon Lakes Golf Course. In 1995, American Waste Management Services, Inc. ("AWMS") commenced its waste disposal brokerage and management operations and in 1997, American Landfill Management, Inc. ("ALMI") started its captive landfill management operations. Both companies were contributed to Avalon by AWS and now are wholly owned subsidiaries of Avalon. In November 2003, TBG, Inc. ("TBG"), a subsidiary of ALGI, entered into a long-term lease agreement with Squaw Creek Country Club to lease and operate its golf course and related facilities. As a result of the transaction, Avalon created a newly organized subsidiary, Avalon Golf and Country Club, Inc. ("AGCC") which manages all the golf courses and related operations. In October 2006, Avalon, through a newly created subsidiary, Avalon Cou

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View this 10-K filing on SEC EDGAR