-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, R19V1LJTJXWaR9mg1PYUqUJBMNwK5V9vzMgDWq2HeRghlGw6+rVd8G8J1DfzTko6 li+qJpeHi3ZfNCM6tXYNQA== 0001144204-07-017563.txt : 20070405 0001144204-07-017563.hdr.sgml : 20070405 20070405162352 ACCESSION NUMBER: 0001144204-07-017563 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070330 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070405 DATE AS OF CHANGE: 20070405 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SIMCLAR INC CENTRAL INDEX KEY: 0000764039 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPONENTS, NEC [3679] IRS NUMBER: 591709103 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13924 FILM NUMBER: 07752218 BUSINESS ADDRESS: STREET 1: 2230 WEST 77TH ST CITY: HIALEAH STATE: FL ZIP: 33016 BUSINESS PHONE: 3055569210 MAIL ADDRESS: STREET 1: 2330 WEST 77TH ST CITY: HIALEAH STATE: FL ZIP: 33016 FORMER COMPANY: FORMER CONFORMED NAME: TECHDYNE INC DATE OF NAME CHANGE: 19920703 8-K 1 v070976_8k.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)
March 30, 2007

SIMCLAR, INC.
(Exact name of registrant as specified in its charter)

Florida
001-13924
59-1709103
(State or other jurisdiction
(Commission
(IRS Employer
of incorporation)
File Number)
Identification No.)

2230 West 77th Street, Hialeah, Florida
33016
(Address of principal executive offices)
(Zip Code)

Registrant's telephone number, including area code
(305) 556-9210

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

Check the appropriate box below if the Form 8-K fling is intended to simultaneously satisfy the fling 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))
 
 
 

 

Item 2.02. Results of Operations and Financial Condition.
 
On March 30, 2007, Simclar, Inc. (the “Company”) issued a press release regarding its consolidated financial results for the fourth quarter and for the full year ended December 31, 2006. A copy of the Company’s March 30, 2007, press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

The information contained in Item 2.02 of this Current Report on Form 8-K, including exhibit 99.1 hereto, shall not be treated as “filed” for purposes of the Securities Exchange Act of 1934, as amended.

Item 9.01. Financial Statements and Exhibits.

(d)
Exhibits.
 
The following are being furnished as Exhibits to this report:

Exhibit
Number
Exhibit Description

99.1
Simclar, Inc. press release dated March 30, 2007, entitled “Simclar Announces 2006 Results.”

 
2

 

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.
     
 
Simclar, Inc.
 
 
 
 
 
 
Date: April 5, 2007
By:   /s/ Barry J. Pardon
 
Barry J. Pardon, President
   
 
 
3

 
EX-99.1 2 v070976_ex99-1.htm

Exhibit 99.1

Press Release
Source: Simclar, Inc.

Simclar Announces 2006 Results
Friday March 30, 5:01 pm ET 
 
HIALEAH, Fla.--(BUSINESS WIRE)--Simclar, Inc. (Nasdaq:SIMC - News) today announced financial results for the fourth quarter of 2006 and for the full year that ended December 31, 2006. Results for the fourth quarter and for the full year of 2006 include the consolidated operations of Simclar, Inc. and its subsidiaries. For the fourth quarter of 2006, Simclar had net income of $949,000 or $0.15 per share, compared to net income of $192,000 or $0.03 per share for the fourth quarter of 2005. For the calendar year 2006, Simclar had net income of $2.9 million or $0.44 per share, compared to net income of $947,000 or $0.15 per share for 2005.

For the year 2006, Simclar reported total revenues of $116.0 million compared to $61.0 million in 2005, a 90% increase. For the fourth quarter of 2006, revenues increased $15.1 million or 83.5% to $33.2 million compared to $18.1 million for the fourth quarter of 2005.

Sam Russell, Chairman, stated, "I am pleased with the growth in revenues and profits resulting from our adding the backplane interconnect process to our existing capabilities in metal fabrication, cabling solutions, printed circuit board assemblies, and higher level assemblies. Our growth has come from both new and existing customers who are looking to consolidate their business with suppliers that can meet all their needs. We continue to seek operating efficiencies and opportunities to leverage all our capabilities to bring higher value to our customers."

Simclar, Inc., with five North American manufacturing locations, and two regional Sales/NPI locations, has been engaged in contract manufacturing of electronic and electro-mechanical products for OEMs for 31 years.

Statements in this news release, which relate to other than strictly historical facts, such as statements about the Company's plans and strategies, expectations for future financial performance, and markets for the Company's products and services are forward-looking statements. The words "believe," "expect," "anticipate," "estimate," "project," and similar expressions identify forward-looking statements that speak only as of the date hereof. Investors are cautioned that such statements involve risks and uncertainties that could cause actual results to differ materially from historical or anticipated results due to many factors including, but not limited to, the Company's customer concentration, debt covenants, competition, the effectiveness of our internal controls, and other risks detailed in the Company's most recent Annual Report on Form 10-K and other Securities and Exchange Commission filings. The Company undertakes no obligation to publicly update or revise any forward-looking statements.

Visit Simclar, Inc at its website, www.simclar.com for more information about the Company.


Contact:
Simclar, Inc., Hialeah
Marshall Griffin, CFO, 937-220-9777
 
 
 

 
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