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EX-99.1 - EXHIBIT 99.1 - NEWPARK RESOURCES INCex99-1.htm

UNITED STATES

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

 

Date of Report (Date of earliest event reported): April 28, 2016

 

NEWPARK RESOURCES, INC.

(Exact name of registrant as specified in its charter)

 

Delaware

 

1-2960

 

72-1123385

(State or other jurisdiction of incorporation)

 

(Commission File Number)

 

(IRS Employer Identification No.)

 

 9320 Lakeside Blvd., Suite 100

The Woodlands, TX

 

77381

 (Address of principal executive offices) 

 

(Zip Code)

                                                                                    

Registrant's telephone number, including area code: (281) 362-6800

 


(Former name or former address, if changed since last report.)

 

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:

 

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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13a-4(c))

  

 

 
 

 

  

Item 2.02.      Results of Operations and Financial Condition.

 

On April 28, 2016, Newpark Resources, Inc. (the “Company”) issued a press release announcing financial information for the three months ended March 31, 2016 as well as an update on its liquidity. In addition, the Company disclosed that it was unable to remain in compliance with the financial covenants under its revolving credit facility as of March 31, 2016 and is currently in advanced discussions with the bank group regarding its alternatives to ensure access to additional liquidity, if needed. The press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.

 

The information in Item 2.02 of this Current Report on Form 8-K and the information in the exhibit attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act except as expressly set forth by specific reference in such filing.

   

Item 9.01     Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No.  

 

Description 

 

 

 

99.1

 

 Press release issued by Newpark Resources, Inc. on April 28, 2016.

 

 

 
 

 

   

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.

 

 

 

NEWPARK RESOURCES, INC.

 

 

 

 

 

 

 

 

 

Dated: April 29, 2016

By:

/s/ Gregg S. Piontek

 

 

 

Gregg S. Piontek, Vice President and Chief Financial Officer

 

 

 

(Principal Financial Officer)

 

  

 

 
 

 

  

EXHIBIT INDEX

   

Exhibit No.  

 

Description 

 

 

 

99.1

 

 Press release issued by Newpark Resources, Inc. on April 28, 2016.