-----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, HBQvo7TlbCdzOWeMW3CQIIWujG0uD9RIKdbYUwsjjNYBC/opX+zwghnqfiE4qPdI iJxj/p1vqAxOWvDKS4xJrw== 0001104659-10-048828.txt : 20100916 0001104659-10-048828.hdr.sgml : 20100916 20100916134548 ACCESSION NUMBER: 0001104659-10-048828 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20100916 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100916 DATE AS OF CHANGE: 20100916 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Primoris Services CORP CENTRAL INDEX KEY: 0001361538 STANDARD INDUSTRIAL CLASSIFICATION: WATER, SEWER, PIPELINE, COMM AND POWER LINE CONSTRUCTION [1623] IRS NUMBER: 204743916 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34145 FILM NUMBER: 101075563 BUSINESS ADDRESS: STREET 1: 26000 COMMERCENTRE DRIVE CITY: LAKE FOREST STATE: CA ZIP: 92630 BUSINESS PHONE: (949) 598-9242 MAIL ADDRESS: STREET 1: 26000 COMMERCENTRE DRIVE CITY: LAKE FOREST STATE: CA ZIP: 92630 FORMER COMPANY: FORMER CONFORMED NAME: Rhapsody Acquisition Corp. DATE OF NAME CHANGE: 20060503 8-K 1 a10-17998_18k.htm 8-K

 

 

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)   September 16, 2010

 

PRIMORIS SERVICES CORPORATION

(Exact name of registrant as specified in its charter)

 

Delaware

 

001-34145

 

20-4743916

(State or other jurisdiction
of incorporation)

 

(Commission
File Number)

 

(IRS Employer
Identification No.)

 

26000 Commercentre Drive, Lake Forest, CA 92630

(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code (949) 598-9242

 

Not Applicable

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

 

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))

 

 

 



 

Item 8.01 Other Events.

 

On September 16, 2010, Primoris Services Corporation issued a press release which discusses the adoption of a Rule 10b5-1 trading plan to repurchase common stock warrants and noted that the warrants expire at 5:00 PM EDT on Saturday, October 2, 2010.  The Company also announced that it requested NASDAQ to suspend trading in its publicly traded Warrants (ticker symbol “PRIMW” and units (ticker symbol “PRIMU”) after the market closes on Tuesday, September 28, 2010 in order to allow three trading days for clearing any trades prior to the warrant expiration date.  Each unit consists of one share of common stock and one warrant.

 

Item 9.01.   Financial Statements and Exhibits.

 

(d)   Exhibits .

 

Exh. No.

 

Description

 

 

 

99.1

 

Press release dated September 16, 2010.

 

2



 

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 hereunto duly authorized.

 

 

 

PRIMORIS SERVICES CORPORATION

 

 

 

 

 

 

Date:  September 16, 2010

By:

/s/ Peter J. Moerbeek

 

 

 

 

 

Name:

Peter J. Moerbeek

 

 

Title:

Executive Vice President, Chief Financial Officer

 

3



 

EXHIBIT ATTACHED TO THIS FORM 8-K

 

Exh. No.

 

Description

 

 

 

99.1

 

Press release dated September 16, 2010.

 

4


EX-99.1 2 a10-17998_1ex99d1.htm EX-99.1

Exhibit 99.1

 

GRAPHIC

 

PRIMORIS SERVICES CORPORATION INITIATES RULE 10b5-1 TRADING PLAN

TO REPURCHASE COMMON STOCK PURCHASE WARRANTS

 

COMMON STOCK PURCHASE WARRANTS WILL EXPIRE ON OCTOBER 2, 2010

 

FINAL TRADING DAY FOR PUBLICLY TRADED WARRANTS AND UNITS IS SEPTEMBER 28, 2010

 

Lake Forest, CA — September 16, 2010 — Primoris Services Corporation (NASDAQ GM: PRIM; PRIMW; PRIMU) (“Primoris” or “Company”) today announced that its Board of Directors approved the adoption of a plan under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), with CJS Securities, Inc. to facilitate the repurchase of the Company’s common stock purchase warrants.  Primoris has committed $2 million toward the 10b5-1 plan, which will expire on or before October 2, 2010.

 

Primoris currently has approximately 3 million warrants outstanding. Each warrant entitles the holder to purchase one share of Primoris common stock at a price of $5.00 per share.  All warrants expire at 5:00 PM EDT on Saturday, October 2, 2010.

 

The Rule 10b5-1 plan is in compliance with all applicable laws, including, but not limited to, Section 10(b) of the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.  Additional information concerning this repurchase plan is available on Form 8-K, which Primoris filed with the Securities and Exchange Commission on September 8, 2010.  Information regarding the 10b5-1 plan may also be obtained by contacting CJS Securities, Inc.

 

Primoris also announced that it has requested that NASDAQ suspend trading in the warrants after the market closes on Tuesday, September 28, 2010 in order to allow three trading days for clearing any trades prior to the warrant expiration date.

 

Primoris has also requested that NASDAQ suspend trading in its publicly traded units after the market closes on Tuesday, September 28, 2010.  Approximately 23,000 units remain outstanding.  Each unit consists of one share of common stock and one warrant.  The warrant also expires at 5:00 PM EDT on October 2, 2010.  After October 2, 2010, unit holders may obtain a common stock certificate by contacting Continental Stock Transfer & Trust Company.

 

ABOUT PRIMORIS

 

Primoris, through various subsidiaries, is one of the largest specialty contractors and infrastructure companies in the United States.  Serving diverse end markets, Primoris provides a wide range of construction, fabrication, maintenance and replacement services, as well as engineering services to major public utilities, petrochemical companies, energy companies, municipalities and other customers. With the recent acquisition of James Construction Group, Primoris has a significant presence in the Gulf States region where it provides heavy civil construction services.  Primoris is also a leading water and wastewater contractor in the state of Florida, and a specialist in designing and constructing complex commercial and industrial concrete structures in California. For additional information on Primoris, please visit www.prim.com.

 

Company Contact

 

The Equity Group Inc.

Peter J. Moerbeek

 

Devin Sullivan

Executive Vice President, Chief Financial Officer

 

Senior Vice President

(949) 454-7121

 

(212) 836-9608

pmoerbeek@prim.com

 

dsullivan@equityny.com

 

### #### ###

 


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