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): July 1, 2020
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QUINTANA ENERGY SERVICES INC. |
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(Exact name of registrant as specified in its charter) |
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Delaware |
001-38383 |
82-1221944 |
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(State or Other Jurisdiction |
(Commission |
(IRS Employer |
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1415 Louisiana Street, Suite 2900 |
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(Address of Principal Executive Offices) |
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(832) 518-4094 |
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(Registrant’s Telephone Number, Including Area Code) |
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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
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☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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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:
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Title of each class: |
Trading Symbol(s) |
Name of each exchange on which registered: |
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Common stock, par value $0.01 per share |
QES |
New York Stock Exchange |
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
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 ☒
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Item 8.01 |
Other Events. |
On July 1, 2020, the New York Stock Exchange (“NYSE”) notified Quintana Energy Services Inc. (the “Company”) that the Company had regained compliance with the NYSE’s continued listing standards after its average closing price for the 30-trading days ended June 30, 2020 was above the NYSE’s minimum requirement of $1.00 per share based on a 30-trading day average. As previously disclosed, on April 27, 2020, the Company was notified by NYSE of its noncompliance with the NYSE’s continued listing standards because the average closing price of shares of its common stock had fallen below $1.00 per share over a period of 30 consecutive trading days.
On July 2, 2020, the Company issued a press release announcing the Company has regained compliance with the NYSE’s continued listing standards, which press release is included as Exhibit 99.1 to this Current Report on Form 8-K.
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Item 9.01 |
Financial Statements and Exhibits. |
(d) Exhibits.
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Exhibit |
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Description |
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99.1 |
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2
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
QUINTANA ENERGY SERVICES INC.
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July 2, 2020 |
By: |
/s/ Christopher J. Baker |
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Name: |
Christopher J. Baker |
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Title: |
Chief Compliance Officer, President and Director |
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3
Exhibit 99.1
Quintana Energy Services Inc. Regains Compliance with NYSE Minimum Price Listing Standard
HOUSTON, July 2, 2020 /PRNewswire/ -- Quintana Energy Services Inc. ("QES" or the "Company") (NYSE: QES) announced today that, on July 1, 2020, the Company was notified by the New York Stock Exchange ("NYSE") that the Company has regained compliance with the NYSE's continued listing standards.
On April 27, 2020, the Company was notified by NYSE of its noncompliance with the NYSE's continued listing standards because the average closing price of shares of its common stock had fallen below $1.00 per share over a period of 30 consecutive trading days, which is the minimum average closing price per share required to maintain continued listing on the NYSE.
QES regained compliance after its average closing price for the 30-trading days ended June 30, 2020 was above the NYSE's minimum requirement of $1.00 per share based on a 30-trading day average. Accordingly, the Company is no longer considered below the $1.00 per share continued listing criterion and the below compliance ".BC" indicator has been removed from the Company's common shares.
About Quintana Energy Services
QES is a growth-oriented provider of diversified oilfield services to leading onshore oil and natural gas exploration and production companies operating in both conventional and unconventional plays in all of the active major basins throughout the U.S. QES's primary services include: directional drilling, pressure pumping, pressure control and wireline services. The Company offers a complementary suite of products and services to a broad customer base that is supported by in-house manufacturing, repair and maintenance capabilities. More information is available at the Company's website at www.quintanaenergyservices.com.
Quintana Energy Services Investor Contact:
Quintana Energy Services
Keefer M. Lehner, EVP & CFP
832-518-4094
IR@qesinc.com
Dennard Lascar Investor Relations
Ken Dennard / Natalie Hairston
713-529-6600
QES@dennardlascar.com