Avalon Holdings Corp Enters Material Definitive Agreement

Ticker: AWX · Form: 8-K · Filed: 2024-09-24T00:00:00.000Z

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

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.

From the Filing

0001437749-24-029867.txt : 20240924 0001437749-24-029867.hdr.sgml : 20240924 20240924100054 ACCESSION NUMBER: 0001437749-24-029867 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 42 CONFORMED PERIOD OF REPORT: 20240923 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240924 DATE AS OF CHANGE: 20240924 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AVALON HOLDINGS CORP CENTRAL INDEX KEY: 0001061069 STANDARD INDUSTRIAL CLASSIFICATION: REFUSE SYSTEMS [4953] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 341863889 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14105 FILM NUMBER: 241317941 BUSINESS ADDRESS: STREET 1: ONE AMERICAN WAY CITY: WARREN STATE: OH ZIP: 44484 BUSINESS PHONE: 3308568800 8-K 1 awx20240923_8k.htm FORM 8-K awx20240923_8k.htm false 0001061069 0001061069 2024-09-23 2024-09-23   UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549   FORM 8-K   CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934   Date of Report (Date of earliest event reported) September 24, 2024 ( September 23, 2024 )   AVALON HOLDINGS CORPORATION (Exact Name of Registrant as Specified in its Charter)   Ohio   1-14105   34-1863889 (State or Other Jurisdiction   (Commission File   (IRS Employer of Incorporation)   Number)   Identification No.)   One American Way , Warren , Ohio 44484 (Address of Principal Executive Offices) (Zip Code)   Registrant's telephone number, including area code: ( 330 ) 856-8800     (Former name and address, if changed since last report)   Securities registered pursuant to Section 12(b) of the Act:   Title of each class Trading Symbol(s) Name of each exchange on which registered Class A Common Stock , $0.01 par value AWX NYSE American   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e4(c))   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).   Emerging growth company ☐   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐   1     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 re

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