0001104659-19-064795.txt : 20191115 0001104659-19-064795.hdr.sgml : 20191115 20191115171454 ACCESSION NUMBER: 0001104659-19-064795 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20191111 ITEM INFORMATION: Material Impairments FILED AS OF DATE: 20191115 DATE AS OF CHANGE: 20191115 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Emerge Energy Services LP CENTRAL INDEX KEY: 0001555177 STANDARD INDUSTRIAL CLASSIFICATION: MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400] IRS NUMBER: 900832937 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35912 FILM NUMBER: 191225326 BUSINESS ADDRESS: STREET 1: 1400 CIVIC PLACE STREET 2: SUITE 250 CITY: SOUTHLAKE STATE: TX ZIP: 76092 BUSINESS PHONE: 817-488-7775 MAIL ADDRESS: STREET 1: 1400 CIVIC PLACE STREET 2: SUITE 250 CITY: SOUTHLAKE STATE: TX ZIP: 76092 8-K 1 a19-23063_18k.htm 8-K

 

 

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): November 11, 2019

 

 

EMERGE ENERGY SERVICES LP

(Exact Name of Registrant as Specified in its Charter)

 

 

Delaware

 

001-35912

 

90-0832937

(State or other jurisdiction
of incorporation)

 

(Commission
File Number)

 

(IRS Employer
Identification No.)

 

5600 Clearfork Main Street, Suite 400

Fort Worth, Texas 76109

(Address of principal executive offices, including zip code)

 

(817) 618-4020

(Registrant’s telephone number, including area code)

 

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:

 

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))

 

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 Units

 

EMESQ

 

OTC

 

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  o

 

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.  o

 

 

 

 

Item 2.06.     Material Impairments.

 

On November 11, 2019, Emerge Energy Services LP (the “Partnership”) announced the closure of the Partnership’s Kosse operations, which includes a mine, wet plant and dry plant. The Partnership expects that the facilities, which are located in Kosse, Texas, will continue to operate through the end of November and then wind down operations by the end of December. After December, the Kosse facilities will be idled while the Partnership continues to evaluate the facilities in light of prevailing market conditions.

 

The Partnership’s good faith estimate of the costs associated with the action described above is anticipated to be immaterial, and the Partnership anticipates that the idling of the Kosse facilities will result in a non-cash impairment in the fourth quarter of 2019 and estimates the range of charge could be between $8.0 - $17.6 million.

 

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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.

 

 

 

Emerge Energy Services LP

 

By: Emerge Energy Services GP LLC, its general partner

 

 

 

Date: November 15, 2019

 

 

 

By:

/s/ Rick Shearer

 

 

Rick Shearer
Chief Executive Officer

 

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