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): January 17, 2019 (January 15, 2019)
Continental Materials Corporation
(Exact Name of Registrant as Specified in its Charter)
Delaware |
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001-03834 |
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36-2274391 |
(State or Other Jurisdiction of |
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(Commission |
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(IRS Employer |
Incorporation) |
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File Number) |
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Identification Number) |
440 S. LaSalle Drive, Suite 3100, Chicago, IL 60605
(Address of Principal Executive Offices) (Zip Code)
(312) 541-7200
(Registrants telephone number, including area code)
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 (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(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 o
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. o
Item 8.01 Other Events Disclosure.
On January 15, 2019, Continental Materials Corporation (the Company) reached an amicable resolution by way of a settlement agreement (the Settlement Agreement). Pursuant to the Settlement Agreement, the Company will be paid the sum of $15,000,000, and the other party and the Company further agreed to set up a joint escrow account to support the Settlement Agreement terms with a contribution from the Company of $200,000. The Settlement Agreement does not contain any admission of liability, wrongdoing, or responsibility by any of the parties.
The information furnished in this Item 8.01 shall not be deemed filed for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended (the Exchange Act), or otherwise subject to the liabilities of that section, unless the Company specifically states that the information is to be considered filed under the Exchange Act or incorporates it by reference into a filing under the Exchange Act or the Securities Act of 1933, as amended.
SIGNATURE
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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Continental Materials Corporation | |
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Date: January 17, 2019 |
By: |
/s/Ryan Sullivan |
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Ryan Sullivan |