Avalon Holdings Files Routine 8-K on Jan 24 'Other Event'
Ticker: AWX · Form: 8-K · Filed: Jan 25, 2024 · CIK: 1061069
| Field | Detail |
|---|---|
| Company | Avalon Holdings Corp (AWX) |
| Form Type | 8-K |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: other-events, routine-filing
TL;DR
**Avalon Holdings filed a standard 8-K for an 'Other Event' on Jan 24, nothing major to report.**
AI Summary
Avalon Holdings Corporation filed an 8-K on January 25, 2024, reporting an 'Other Event' that occurred on January 24, 2024. This filing is a routine disclosure, indicating no major financial or operational changes, but rather a standard update to their public record. For investors, this means there's no immediate news impacting the Class A Common Stock (AWX) traded on the NYSE American, suggesting business as usual.
Why It Matters
This filing is a standard procedural update, indicating no significant new developments that would immediately impact Avalon Holdings Corporation's stock price or operations. It's important for investors to note when an 8-K is routine versus one signaling major news.
Risk Assessment
Risk Level: low — The filing reports an 'Other Event' without specifying any material changes, suggesting a low risk of negative impact.
Analyst Insight
A smart investor would recognize this as a non-material event and would not make any immediate trading decisions based solely on this 8-K. Further research into Avalon Holdings' financial performance and other news would be prudent.
Key Numbers
- 001-14105 — SEC File Number (identifies Avalon Holdings Corporation's registration with the SEC)
- 330-856-8800 — Business Phone Number (contact information for Avalon Holdings Corporation)
- $0.01 — par value (par value of Avalon Holdings' Class A Common Stock)
Key Players & Entities
- AVALON HOLDINGS CORPORATION (company) — the registrant filing the 8-K
- NYSE American (company) — the exchange where Avalon Holdings' Class A Common Stock is registered
- Class A Common Stock (other) — the type of security registered by Avalon Holdings
- Ohio (other) — state of incorporation for Avalon Holdings Corporation
Forward-Looking Statements
- AWX stock price will remain stable due to the routine nature of this filing. (AWX) — high confidence, target: 2024-02-25
FAQ
What was the specific date of the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 24, 2024.
What is the trading symbol and the exchange where Avalon Holdings Corporation's Class A Common Stock is registered?
Avalon Holdings Corporation's Class A Common Stock has the trading symbol AWX and is registered on the NYSE American exchange.
What is the primary business address of Avalon Holdings Corporation?
The primary business address of Avalon Holdings Corporation is One American Way, Warren, Ohio 44484.
Under which item information category was this 8-K filed?
This 8-K was filed under the 'Other Events' item information category.
Is Avalon Holdings Corporation identified as an emerging growth company in this filing?
No, the filing indicates with an unchecked box that Avalon Holdings Corporation is not an emerging growth company.
Filing Stats: 631 words · 3 min read · ~2 pages · Grade level 13.1 · Accepted 2024-01-25 17:02:15
Key Financial Figures
- $0.01 — hich registered Class A Common Stock, $0.01 par value AWX NYSE American  
Filing Documents
- awx20240125_8k.htm (8-K) — 23KB
- 0001437749-24-002205.txt ( ) — 151KB
- awx-20240124.xsd (EX-101.SCH) — 3KB
- awx-20240124_def.xml (EX-101.DEF) — 11KB
- awx-20240124_lab.xml (EX-101.LAB) — 15KB
- awx-20240124_pre.xml (EX-101.PRE) — 11KB
- awx20240125_8k_htm.xml (XML) — 3KB
01 Other Events
ITEM 8.01 Other Events     As previously reported, on December 19, 2022, the 11 th Appellate District Court in Trumbull County, Ohio (the "Court") denied AWMS Water Solutions, LLC's (the "Company") writ of mandamus action that resulted from the suspension order of the Company's salt water injection well. AWMS Water Solutions, LLC is a wholly owned subsidiary of Avalon Holdings Corporation.   In March 2019, the Company received notice that the Court issued summary judgment in favor of the Ohio Department of Natural Resources in the writ of mandamus action. The decision was appealed to the Supreme Court of Ohio in April 2019. Oral arguments in the case occurred in April 2020. In September 2020, the Supreme Court of Ohio ruled in favor of the Company. The Supreme Court of Ohio reversed the decision of the Court and remanded the case back to that court for a trial on the merits. The trial occurred in September and October 2021.   The Court determined, in the December 19, 2022 ruling that the Company failed to establish a cognizable property interest that would necessitate a just compensation/takings analysis and accordingly denied the Company's petition for writ of mandamus. The Company appealed this decision on January 30, 2023 and on January 24, 2024 the Supreme Court of Ohio ruled in a unanimous decision to overturn the Court of Appeal's decision. The Supreme Court of Ohio remanded to the Court again for a decision on the mandamus complaint.   2     SIGNATURE   Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.   Date: January 25, 2024   Avalon Holdings Corporation By: /s/  Michael J. Havalo Michael J. Havalo Chief Financial Officer   3