SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Date of Report (Date of earliest event reported)
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June 20, 2014
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PERMA-FIX ENVIRONMENTAL SERVICES, INC.
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(Exact name of registrant as specified in its charter)
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Delaware
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1-11596
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58-1954497
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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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8302 Dunwoody Place, Suite 250, Atlanta, Georgia
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30350
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(Address of principal executive offices)
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(Zip Code)
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Registrant's telephone number, including area code: (770) 587-9898
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Not applicable
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(Former name or former address, if changed since last report)
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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:
| o | Written communications pursuant to Rule 425 under the Securities Act |
| o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act |
| o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act |
| o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act |
Section 8 – Other Events
Item 8.01 – Other Events.
As previously reported by Perma-Fix Environmental Services, Inc. (the “Company”), the facility of Perma-Fix of South Georgia, Inc., a subsidiary of the Company located in Valdosta, Georgia, suffered a fire on August 14, 2013. The Company filed an insurance claim for losses and damages in connection with the fire, and on June 20, 2014, entered into a settlement agreement and release with one of its insurance carriers. The insurance carrier previously paid approximately $4.65 million on the claim and has agreed to pay an additional $3.85 million under the settlement, for a total settlement amount of $8.5 million. The Company expects to book the additional $3.85 million of insurance proceeds in the second quarter of 2014. Perma-Fix of South Georgia, Inc.’s financial results are reported as discontinued operations.
SIGNATURES
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 hereunto duly authorized.
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Dated: June 26, 2014
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PERMA-FIX ENVIRONMENTAL SERVICES, INC.
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By:
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/s/Ben Naccarato
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Ben Naccarato
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Vice President and Chief Financial Officer
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