-----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, IjAaaemNn4yqFJeXs6tKvviTc0QqHZuxzpSETTyMJ9GdljsVJAJen6yWuZGDdYc9 52jid98BUbeXx1Nn2qkm8Q== 0000912057-02-003310.txt : 20020414 0000912057-02-003310.hdr.sgml : 20020414 ACCESSION NUMBER: 0000912057-02-003310 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020125 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020130 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DAW TECHNOLOGIES INC /UT CENTRAL INDEX KEY: 0000882159 STANDARD INDUSTRIAL CLASSIFICATION: GENERAL BUILDING CONTRACTORS - NONRESIDENTIAL BUILDINGS [1540] IRS NUMBER: 870464280 STATE OF INCORPORATION: UT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-21818 FILM NUMBER: 02521571 BUSINESS ADDRESS: STREET 1: 2700 S 900 W CITY: SALT LAKE CITY STATE: UT ZIP: 84119 BUSINESS PHONE: 8019773100 MAIL ADDRESS: STREET 2: 2700 SOUTH 900 WEST CITY: SALT LAKE CITY STATE: UT ZIP: 84119 FORMER COMPANY: FORMER CONFORMED NAME: PRIMA ACQUISITIONS INC DATE OF NAME CHANGE: 19600201 8-K 1 a2069073z8-k.txt FORM 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: January 25, 2002 (Date of earliest event reported) ------------------------------ DAW TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) UTAH 0-21818 87-0464280 (State or other jurisdiction Commission File Number (I.R.S. Employer of incorporation) Identification Number) 2700 SOUTH 900 WEST SALT LAKE CITY, UTAH 84119 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (801) 977-3100 N/A (Former Name or Former Address, if Changed Since Last Report) ITEM 5. OTHER EVENTS. On January 25, 2002, the Company's common stock was delisted from the Nasdaq National Market because of the Company's failure to timely file its Quarterly Report on Form 10-Q for the quarter ended September 30, 2001. Attached as Exhibit 99.1 is a copy of a press release issued by the Company on January 28, 2002 reporting the delisting, as well as the Company's intention to appeal the delisting determination to the Nasdaq Listing and Hearing Review Council. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
EXHIBIT DESCRIPTION - ------- ----------- 99.1 Press Release issued by Daw Technologies, Inc. on January 28, 2002
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. Date: January 29, 2002 DAW TECHNOLOGIES, INC. By: /s/ Randy K. Johnson ----------------------------------- Name: Randy K. Johnson Title: Vice President, Secretary and General Counsel EXHIBIT INDEX EXHIBIT NUMBER DESCRIPTION 99.1 Press Release
EX-99.1 3 a2069073zex-99_1.txt EXHIBIT 99.1 EXHIBIT 99.1 BROKER CONTACT: MEDIA CONTACTS: B.J. Mendenhall Kevin Wilson David Politis Daw Technologies, Inc. Politis Communications Politis Communications 801-977-3100 801-523-3730 (wk) 801-523-3730 (wk) bjmendenhall@dawtech.com 801-898-5520 (cell) 801-671-8091(cell) kwilson@politis.com dpolitis@politis.com FOR IMMEDIATE RELEASE DAW TECHNOLOGIES RECEIVES DELISTING NOTICE FROM NASDAQ COMPANY WILL APPEAL DECISION OF NASDAQ LISTING QUALIFICATIONS PANEL SALT LAKE CITY - JANUARY 27, 2002 -- DAW TECHNOLOGIES, INC. today announced that its stock, trading under the symbol "DAWK," has been delisted from the Nasdaq National Market as of the open of business on January 25, 2002. According to the Nasdaq Listing Qualifications Panel, Daw "failed to present a definitive plan that will enable it to evidence compliance with all requirements for continued listing on that market within a reasonable period of time and to sustain compliance with those requirements over the long term." Daw intends to appeal the delisting decision to the Nasdaq Listing and Hearing Review Council. Daw was unable to comply with the Nasdaq listing standards as a result of its inability to timely file its quarterly financial report for the third quarter of 2001, due to its inability to reconcile certain accounts from its European operations. In attempting to reconcile the accounts, Daw and its former and present independent auditors determined that it would be necessary to restate previously issued financial statements for fiscal years 1999 and 2000, and for all quarterly periods since the creation of the company's European subsidiary in the fourth quarter of 1999. Work on the restatement of those financial statements continues, and the company will file applicable amendments to its previously filed quarterly and annual reports as soon as the restatement is completed. Once the required filings are complete, the company's stock may qualify to be traded on the OTC-Bulletin Board pending the company's appeal of the Nasdaq delisting decision. Despite the recent accounting problems in the company's European office, the business of the company continues apace. The company recently established a subsidiary in Guadalajara, Mexico to serve the growing microelectronics and pharmaceutical industries in Latin America, and the company's European subsidiary is establishing a division offering the design and installation of ultra high purity piping used in advanced manufacturing applications. Daw has also begun installing automated material handling systems in 200 mm and 300 mm semiconductor fabs, and it is anticipated that these services could eventually contribute a substantial amount to the company's revenue. In addition, the company's contract manufacturing business unit expects January to be its best month ever, and several international parties have expressed an active interest in some of the company's newly developed cleanroom component products. ABOUT DAW Daw Technologies, Inc. provides advanced manufacturing environments for customers throughout the world, and specializes in the design, engineering and installation of cleanroom and mini-environment systems that meet stringent semiconductor and pharmaceutical manufacturing requirements. The company also provides contract manufacturing and specialized painting services on an OEM (original equipment manufacturer) basis for various customers. For further information, visit the company on the Internet at www.dawtech.com or call 801-977-3100. # # # THIS NEWS RELEASE CONTAINS FORWARD-LOOKING STATEMENTS THAT INVOLVE RISKS AND UNCERTAINTIES. ACTUAL RESULTS AND OUTCOMES MAY DIFFER MATERIALLY FROM THOSE DISCUSSED OR ANTICIPATED. FACTORS THAT MIGHT AFFECT THE ACTUAL OUTCOME INCLUDE, BUT ARE NOT LIMITED TO, THE SUCCESS OF THE COMPANY'S EFFORTS TO GATHER AND EVALUATE INFORMATION AND TO OBTAIN THE ASSISTANCE FROM THIRD PARTIES NECESSARY TO RECONCILE ITS ACCOUNTS, RESTATE ITS FINANCIAL STATEMENTS, INVESTIGATE THE CAUSES FOR THE DISCREPANCY IN ACCOUNTS, AND RECOMMEND REMEDIAL ACTIONS. FOR A MORE DETAILED DISCUSSION OF THESE AND ASSOCIATED RISKS, SEE THE COMPANY'S MOST RECENT DOCUMENTS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION.
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