8-K - IIIN - Equibles

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 2, 2021

Commission File Number: 1-9929

Insteel Industries, Inc.

(Exact name of registrant as specified in its charter)

North Carolina<br><br> <br>(State or other jurisdiction of<br><br> <br>incorporation or organization)	56-0674867<br><br> <br>(I.R.S. Employer<br><br> <br>Identification No.)
1373 Boggs Drive, Mount Airy, North Carolina<br><br> <br>(Address of principal executive offices)	27030<br><br> <br>(Zip Code)

Registrant’s telephone number, including area code: (336) 786-2141

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 240.13e-4(c))

Securities registered subject to Section 12(b) of the Exchange Act:

Title of Each Class	Trading Symbol(s)	Name of Each Exchange on Which Registered
Common Stock (No Par Value)	IIIN	The Nasdaq Stock Market LLC<br><br> <br>(Nasdaq Global Select Market)

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

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. ☐

I tem 3 .01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing .

(d)

On March 2, 2021, the Company, acting pursuant to authorization from its Board of Directors (the “Board”), determined to voluntarily withdraw the listing of its common stock, no par value (the “Common Stock”) from The Nasdaq Global Select Market (“Nasdaq”) and transfer the listing to the New York Stock Exchange (the “NYSE”) which has approved the Common Stock for listing. The Company expects to voluntarily withdraw its listing of Common Stock from Nasdaq effective as of the close of trading on March 16, 2021 and to commence trading on the NYSE the following business day, March 17, 2021. The Common Stock will continue to trade under the stock symbol “IIIN.”

Item 7.01. Regulation FD Disclosure.

The Company issued the press release attached hereto as Exhibit 99.1 in connection with the transfer of the listing of its Common Stock from Nasdaq to the NYSE.

The information in this Item 7.01 is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall information in this Item 7.01 be deemed incorporated by reference into any filing of the Company under the Securities Act, in each case, whether made before or after the date hereof, regardless of any general incorporation language in such filing, except as expressly set forth in such filing.

Item 9.01. Financial Statements and Exhibits .

(d) Exhibits

Exhibit 99.1	News Release dated March 3, 2021
Exhibit 104	The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.

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 thereunto duly authorized.

	INSTEEL INDUSTRIES, INC.<br><br> <br>Registrant
Date: March 3, 2021	By:	/s/ James F. Petelle
		James F. Petelle
		Vice President, Secretary and Chief Legal Officer

ex_231194.htm

Exhibit 99.1

NEWS RELEASE

FOR IMMEDIATE RELEASE	Contact:	Mark A. Carano<br><br> <br>Senior Vice President,<br><br> <br>Chief Financial Officer and Treasurer<br><br> <br>Insteel Industries, Inc.<br><br> <br>(336) 786-2141, Ext. 3038

INSTEEL INDUSTRIES TO TRANSFER LISTING OF COMMON STOCK

TO THE NEW YORK STOCK EXCHANGE

MOUNT AIRY, N.C., March 3, 2021 – Insteel Industries, Inc. (NasdaqGS: IIIN) today announced that it is transferring the listing of its common stock to the New York Stock Exchange (NYSE) from The NASDAQ Global Select Market. Insteel’s common stock will begin trading on the NYSE on March 17, 2021 under its current ticker symbol of “IIIN”. Insteel will continue to trade its common stock on NASDAQ until the close of the market on March 16, 2021.

"We are pleased to return our share listing to the New York Stock Exchange where Insteel was previously listed from 1992 to 2002 and to join the preeminent companies listed there as we continue to focus on delivering long-term value for our shareholders," stated H.O. Woltz III, Insteel’s President and CEO.

"We are delighted to welcome Insteel Industries as it transfers its listing back to the NYSE” said John Tuttle, Vice Chairman and Chief Commercial Officer, NYSE Group. "We look forward to working with the company to deliver on the benefits of our unique market model and world-class services."

About Insteel

Insteel is the nation’s largest manufacturer of steel wire reinforcing products for concrete construction applications. Insteel manufactures and markets prestressed concrete strand and welded wire reinforcement, including engineered structural mesh, concrete pipe reinforcement and standard welded wire reinforcement. Insteel’s products are sold primarily to manufacturers of concrete products and concrete contractors for use, primarily, in nonresidential construction applications. Headquartered in Mount Airy, North Carolina, Insteel operates ten manufacturing facilities located in the United States.

IIIN – G

1373 BOGGS DRIVE, MOUNT AIRY, NC 27030/PHONE: (336) 786-2141/FAX: (336) 786-2144