Alamo Group Inc 8-K, filed Mar 19, 2020
Alamo Group Inc (ALG)
8-K
2020-03-19
For: 2020-03-19
View Original
Added on
April 11, 2026
About this 8-K
Alamo Group Inc filed this 8-K on March 19, 2020.
Items reported
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
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): March 19, 2020 (March 17, 2020)
(Exact name of registrant as specified in its charter)
State of | ||||||||
| (State or other jurisdiction of incorporation) | (Commission File No.) | (IRS Employer Identification No.) | ||||||
| (Address of Registrant’s principal executive offices) | (Zip Code) | ||||
(830 ) 379-1480
Registrant's telephone number, including area code:
Securities registered pursuant to Section 12(b) of the Act: | ||||||||||||||
| Title of each class | Trading symbol(s) | Name of each exchange on which registered | ||||||||||||
Common Stock, par value $.10 per share | ||||||||||||||
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:
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. ☐
Item 8.01 Other Events
On March 18, 2020, Alamo Group Inc. issued a press release regarding the temporary closure of its French operating facilities. A copy of the press release is attached hereto.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
The following exhibits are being furnished with this Current Report on Form 8-K:
| Exhibit No. | Description | |||||||
| 99.1 | ||||||||
| 104 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the inline XBRL document | |||||||
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.
| March 19, 2020 | By: /s/ Edward T. Rizzuti | ||||
| Edward T. Rizzuti | |||||
| Vice President, General Counsel & Secretary | |||||
 | For: | Alamo Group Inc. | ||||||
| Contact: | Dan E. Malone | |||||||
| Executive Vice President & CFO | ||||||||
| 830-372-9581 | ||||||||
| Financial Relations Board | ||||||||
| Marilynn Meek | ||||||||
| 212-827-3773 | ||||||||
ALAMO GROUP INC. TEMPORARILY CLOSES ITS
FRENCH OPERATING FACILITIES
SEGUIN, Texas, March 18, 2020 -- Alamo Group Inc. (NYSE: ALG) today announced that it will temporarily close its French operating facilities due to concerns for Alamo’s French employees and in response to recent directives issued by the French government outlining strict measures regarding coronavirus (COVID-19) containment. This temporary closure includes the following facilities:
•Alamo’s facility in Daumeray, France, which produces vacuum trucks, high pressure cleaning systems and trenchers under the Rivard brand with its approximately 400 employees;
•Alamo’s facility in Neuville, France, which produces hedge and grass cutting equipment under the Rousseau and SMA brands with its approximately 150 employees; and
•Alamo’s facility in Peschadoires, France, which produces replacement parts under the Forges Gorce brand with its approximately 20 employees.
The Rivard facility in Daumeray temporarily halted its operations on Tuesday March 17, 2020, while the Neuville and Peschadoires locations will temporarily cease operations beginning on Thursday March 19, 2020. It is currently anticipated that these plant closures will continue for the later of two weeks or until such time as coronavirus impacts are mitigated to an extent which allow for the commencement of full or partial plant operations. Despite these general closures, there are a limited number of personnel on-site at Alamo’s French locations and working remotely in order to maintain security and to meet emergency customer needs for spare parts and to handle urgent customer questions.
About Alamo Group
Alamo Group is a leader in the design, manufacture, distribution and service of high quality equipment for infrastructure maintenance, agriculture and other applications. Our products include truck and tractor mounted mowing and other vegetation maintenance equipment, street sweepers, snow removal equipment, excavators, vacuum trucks, other industrial equipment, agricultural implements, forestry equipment and related after-market parts and services. The Company, founded in 1969, has approximately 4,270 employees and operates 30 plants in North America, Europe, Australia and Brazil as of December 31, 2019. The corporate offices of Alamo Group Inc. are located in Seguin, Texas.
Forward Looking Statements
This release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company’s actual results in future periods to differ materially from forecasted results. Among those factors which could cause actual results to differ materially are the following: market demand, competition, weather, seasonality, disease outbreaks such as COVID-19, currency-related issues, and other risk factors listed from time to time in the Company’s SEC reports. The Company does not undertake any obligation to update the information contained herein, which speaks only as of this date.