Insteel Industries Files Routine 8-K on Feb 13, No Major News
Ticker: IIIN · Form: 8-K · Filed: Feb 13, 2024 · CIK: 764401
| Field | Detail |
|---|---|
| Company | Insteel Industries INC (IIIN) |
| Form Type | 8-K |
| Filed Date | Feb 13, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.03 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: administrative, 8-K, corporate-governance
TL;DR
**Insteel Industries filed a standard 8-K with no material news.**
AI Summary
Insteel Industries Inc. filed an 8-K on February 13, 2024, to report an 'Other Event' and provide 'Financial Statements and Exhibits.' This filing primarily serves to update administrative details, such as confirming its incorporation in North Carolina and its listing on The New York Stock Exchange under the ticker IIIN. For investors, this filing is routine and indicates no significant operational or financial changes, meaning it doesn't present new information that would immediately impact stock valuation.
Why It Matters
This filing is largely administrative, confirming basic company information. It doesn't contain new financial results, strategic announcements, or material events that would typically move the stock price.
Risk Assessment
Risk Level: low — This 8-K filing is purely administrative and does not disclose any events that would introduce new risks or change the company's operational outlook.
Analyst Insight
A smart investor would recognize this as a routine administrative filing with no material news. No immediate action is warranted based solely on this 8-K, but it's a good reminder to stay updated on future, more substantive filings.
Key Players & Entities
- Insteel Industries Inc. (company) — the registrant filing the 8-K
- North Carolina (other) — state of incorporation for Insteel Industries Inc.
- The New York Stock Exchange (other) — exchange where Insteel Industries Inc.'s Common Stock is registered
- IIIN (other) — trading symbol for Insteel Industries Inc.
- February 13, 2024 (date) — date of the earliest event reported and filing date
FAQ
What is the purpose of this 8-K filing by Insteel Industries Inc.?
This 8-K filing by Insteel Industries Inc. is categorized under 'Other Events' and 'Financial Statements and Exhibits,' primarily serving to update administrative information and confirm its status as of February 13, 2024.
What is the trading symbol and exchange for Insteel Industries Inc.?
Insteel Industries Inc. trades under the symbol IIIN on The New York Stock Exchange, as stated in the 'Securities registered pursuant to Section 12(b) of the Act' section of the filing.
When was the earliest event reported in this 8-K filing?
The date of the earliest event reported in this 8-K filing is February 13, 2024.
Where is Insteel Industries Inc.'s principal executive office located?
Insteel Industries Inc.'s principal executive office is located at 1373 Boggs Drive, Mount Airy, North Carolina 27030, according to the filing.
What is Insteel Industries Inc.'s state of incorporation?
Insteel Industries Inc. is incorporated in North Carolina, as indicated in the 'State or Other Jurisdiction of Incorporation' section of the filing.
Filing Stats: 473 words · 2 min read · ~2 pages · Grade level 10.1 · Accepted 2024-02-13 16:00:52
Key Financial Figures
- $0.03 — its regular quarterly cash dividend of $0.03 per share of common stock, payable on M
Filing Documents
- iiin20240209_8k.htm (8-K) — 24KB
- ex_624500.htm (EX-99.1) — 7KB
- logo01.jpg (GRAPHIC) — 9KB
- 0001437749-24-003898.txt ( ) — 174KB
- iiin-20240213.xsd (EX-101.SCH) — 3KB
- iiin-20240213_def.xml (EX-101.DEF) — 11KB
- iiin-20240213_lab.xml (EX-101.LAB) — 15KB
- iiin-20240213_pre.xml (EX-101.PRE) — 11KB
- iiin20240209_8k_htm.xml (XML) — 3KB
01. Other Events
Item 8.01. Other Events On February 13, 2024, Insteel Industries Inc. issued a news release announcing that its Board has declared its regular quarterly cash dividend of $0.03 per share of common stock, payable on March 29, 2024, to shareholders of record as of March 15, 2024. A copy of this release is included as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits Exhibit 99.1 News Release dated February 13, 2024 announcing declaration of a quarterly cash dividend of $0.03 per share. Exhibit 104 Cover Page Interactive Data File (embedded within 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 thereunto duly authorized. INSTEEL INDUSTRIES, INC. By: Name: Title: Date: /s/ Elizabeth C. Southern Elizabeth C. Southern Vice President Administration, Secretary and Chief Legal Officer February 13, 2024