8-K 1 ome20130506_8k.htm FORM 8-K ome20130506_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 Act of 1934

 

Date of Report (Date of earliest event reported): May 6, 2013

 

Omega Protein Corporation
(Exact name of registrant as specified in its charter)

 

Nevada
(State or other jurisdiction
of incorporation)

 

001-14003
(Commission
File Number)

76-0562134
(I.R.S. Employer
Identification No.)

  

2105 City West Blvd., Suite 500

Houston, Texas
(Address of principal executive offices)

77042
(Zip Code)


(713) 623-0060
(Registrant’s 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):


[ ]     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 240.14-2(b))


[ ]     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CRF 240.133-4(c))

 

 
 

 

 

Item 2.02 Results of Operations and Financial Condition.

 

As previously disclosed in its Annual Report on Form 10-K for the year ended December 31, 2012, Omega Protein Corporation (the “Company”) operates and reports in two segments: animal nutrition and human nutrition (plus an unallocated amount).

 

Set forth below is supplemental historical segment information for the Company by quarter for 2011 and 2012 (in thousands).

 

 

For the Three Months Ended

Animal Nutrition

March 31,

2011

June 30,

2011

September 30, 2011

December 31, 2011

Revenue

  $ 57,068   $ 42,348   $ 72,851   $ 64,222

Cost of sales

    42,269     29,339     60,989     54,495

Gross profit

    14,799     13,009     11,862     9,727

Selling, general and administrative expenses (including research and development)

    539     599     563     1,103

Charges related to U.S. Attorney investigation

                545

Other (gains) and losses

    (18 )     (26,497 )     199     1,447

Operating income

  $ 14,278   $ 38,907   $ 11,100   $ 6,632

Depreciation and amortization

  $ 3,733   $ 3,756   $ 3,801   $ 3,808

Identifiable assets

  $ 237,024   $ 270,816   $ 275,222   $ 248,318

Capital expenditures

  $ 3,270   $ 5,738   $ 4,091   $ 9,984

 

 

For the Three Months Ended

Animal Nutrition

March 31,

2012

June 30,

2012

September 30, 2012

December 31, 2012

Revenue

  $ 34,239   $ 42,467   $ 78,745   $ 58,173

Cost of sales

    27,098     36,782     66,218     46,490

Gross profit

    7,141     5,685     12,527     11,683

Selling, general and administrative expenses (including research and development)

    722     556     555     731

Charges related to U.S. Attorney investigation

    233     70     4,137     3,550

Other (gains) and losses

    (397 )     (3,385 )     30     1,117

Operating income

  $ 6,583   $ 8,444   $ 7,805   $ 6,285

Depreciation and amortization

  $ 3,865   $ 4,018   $ 4,020   $ 3,956

Identifiable assets

  $ 253,741   $ 263,276   $ 276,969   $ 266,307

Capital expenditures

  $ 7,635   $ 7,260   $ 3,751   $ 4,345

 

 

For the Three Months Ended

Human Nutrition

March 31,

2011

June 30,

2011

September 30, 2011

December 31, 2011

Revenue

  $ 3,069   $ 3,969   $ 3,633   $ 4,583

Cost of sales

    2,175     2,235     2,069     3,498

Gross profit

    894     1,734     1,564     1,085

Selling, general and administrative expenses (including research and development)

    1,101     340     841     1,004

Other (gains) and losses

        1        

Operating income

  $ (207 )   $ 1,393   $ 723   $ 81

Depreciation and amortization

  $ 91   $ 91   $ 90   $ 376

Identifiable assets

  $ 15,197   $ 15,604   $ 25,872   $ 27,403

Capital expenditures

  $   $   $   $ 566

 

 
 

 

 

 

For the Three Months Ended

Human Nutrition

March 31,

2012

June 30,

2012

September 30, 2012

December 31, 2012

Revenue

  $ 6,849   $ 4,981   $ 5,225   $ 4,960

Cost of sales

    5,098     3,819     4,354     3,724

Gross profit

    1,751     1,162     871     1,236

Selling, general and administrative expenses (including research and development)

    994     927     905     969

Other (gains) and losses

            129    

Operating income

  $ 757   $ 235   $ (163 )   $ 267

Depreciation and amortization

  $ 319   $ 319   $ 329   $ 348

Identifiable assets

  $ 28,344   $ 27,690   $ 26,422   $ 27,109

Capital expenditures

  $ 641   $ 685   $ 256   $ 177

 

 

For the Three Months Ended

Unallocated

March 31,

2011

June 30,

2011

September 30, 2011

December 31, 2011

Selling, general and administrative expenses (including research and development)

    3,696     4,327     4,675     5,850

Operating income

  $ (3,696 )   $ (4,327 )   $ (4,675 )   $ (5,850 )

Depreciation and amortization

  $ 155   $ 181   $ 174   $ 174

Identifiable assets

  $ 2,423   $ 2,367   $ 2,178   $ 2,109

Capital expenditures

  $ 138   $   $ 11   $ 95

 

 

For the Three Months Ended

Unallocated

March 31,

2012

June 30,

2012

September 30, 2012

December 31, 2012

Selling, general and administrative expenses (including research and development)

    4,170     4,478     4,738     4,201

Operating income

  $ (4,170 )   $ (4,478 )   $ (4,738 )   $ (4,201 )

Depreciation and amortization

  $ 143   $ 134   $ 161   $ 387

Identifiable assets

  $ 1,975   $ 1,786   $ 1,624   $ 1,880

Capital expenditures

  $ 40   $ 249   $ 53   $ 153

 

 
 

 

 

SIGNATURE

 

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.

 

 

Omega Protein Corporation

 

Dated: May 6, 2013 

                  /s/  John D. Held                        

 

John D. Held 

Executive Vice President and General Counsel