Avalon Holdings Corp Enters Material Definitive Agreement
Ticker: AWX · Form: 8-K · Filed: Sep 24, 2024 · CIK: 1061069
| Field | Detail |
|---|---|
| Company | Avalon Holdings Corp (AWX) |
| Form Type | 8-K |
| Filed Date | Sep 24, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01, $3,200,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement
Related Tickers: AWX
TL;DR
AWX signed a big deal, details TBD.
AI Summary
Avalon Holdings Corporation (AWX) announced on September 23, 2024, that it entered into a material definitive agreement. The company, incorporated in Ohio, filed its 8-K report on September 24, 2024, detailing this significant event. The filing does not specify the nature of the agreement or any associated dollar amounts.
Why It Matters
This filing indicates a significant development for Avalon Holdings Corp, potentially impacting its business operations, financial standing, or strategic direction.
Risk Assessment
Risk Level: medium — The lack of specific details in the filing regarding the material definitive agreement introduces uncertainty and potential risk.
Key Players & Entities
- AVALON HOLDINGS CORPORATION (company) — Registrant
- AWX (company) — Trading Symbol
- September 23, 2024 (date) — Date of earliest event reported
- September 24, 2024 (date) — Filing Date
- Ohio (location) — State of Incorporation
- NYSE American (company) — Exchange
FAQ
What is the nature of the material definitive agreement entered into by Avalon Holdings Corporation?
The filing does not specify the nature of the material definitive agreement.
When did Avalon Holdings Corporation enter into this material definitive agreement?
Avalon Holdings Corporation entered into the material definitive agreement on September 23, 2024.
What is the trading symbol for Avalon Holdings Corporation?
The trading symbol for Avalon Holdings Corporation is AWX.
On which exchange are Avalon Holdings Corporation's Class A Common Stock registered?
Avalon Holdings Corporation's Class A Common Stock is registered on the NYSE American.
What is the principal executive office address for Avalon Holdings Corporation?
The principal executive office address for Avalon Holdings Corporation is One American Way, Warren, Ohio 44484.
Filing Stats: 626 words · 3 min read · ~2 pages · Grade level 12.8 · Accepted 2024-09-24 10:00:54
Key Financial Figures
- $0.01 — ich registered Class A Common Stock , $0.01 par value AWX NYSE American Check t
- $3,200,000 — o July 31, 2026. At September 23, 2024, $3,200,000 was drawn under the Line of Credit Agre
Filing Documents
- awx20240923_8k.htm (8-K) — 25KB
- ex_726524.htm (EX-10.1) — 8KB
- ex_726525.htm (EX-10.2) — 4KB
- ex_726526.htm (EX-10.3) — 5KB
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- 0001437749-24-029867.txt ( ) — 5267KB
- awx-20240923.xsd (EX-101.SCH) — 3KB
- awx-20240923_def.xml (EX-101.DEF) — 11KB
- awx-20240923_lab.xml (EX-101.LAB) — 15KB
- awx-20240923_pre.xml (EX-101.PRE) — 11KB
- awx20240923_8k_htm.xml (XML) — 3KB
01 Entry into a Material Definitive Agreement
ITEM 1.01 Entry into a Material Definitive Agreement On September 23, 2024 Avalon Holdings Corporation and certain wholly-owned subsidiaries amended its existing Promissory Note Agreement ("The Line of Credit Agreement") dated May 31, 2018 as previously amended on September 18, 2023 with Premier Bank (the "Lender"). The amendment extends the maturity date of July 31, 2025 to July 31, 2026. At September 23, 2024, $3,200,000 was drawn under the Line of Credit Agreement. The forgoing description of the Line of Credit Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Line of Credit Agreement, which is filed with this report as Exhibits 10.1, 10.2 and 10.3 and is incorporated herein by reference. The other material terms of the Line of Credit Agreement, dated May 31, 2018, and amendment on September 18, 2023, with the Lender are described in the Current Reports on Form 8-K filed with the Securities and Exchange Commission on May 31, 2018 and September 19, 2023, respectively, of which are incorporated herein by reference.
01 Financial Statements and Exhibits
ITEM 9.01 Financial Statements and Exhibits 10.1 Business Loan Agreement (Asset Based), dated September 23, 2024 between Avalon Holdings Corporation and certain wholly owned subsidiaries, as borrowers, and Premier Bank, as lender. 10.2 Promissory Note, dated as of September 23, 2024 between Avalon Holdings Corporation and certain wholly owned subsidiaries, as borrowers, and Premier Bank, as lender. 10.3 Commercial Security Agreement, dated September 23, 2024 between Avalon Holdings Corporation and certain wholly owned subsidiaries, as borrowers, and Premier Bank, as lender. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AVALON HOLDINGS CORPORATION (Registrant) DATED: September 24, 2024 /s/ Michael J. Havalo By: Michael J. Havalo Chief Financial Officer and Treasurer