UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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 18, 2005 (November 17, 2005)
Matrix Service Company
(Exact Name of Registrant as Specified in Its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
| 001-15461 | 73-1352174 | |
| (Commission File Number) | (IRS Employer Identification No.) | |
| 10701 E. Ute Street | ||
| Tulsa, Oklahoma | 74116 | |
| (Address of Principal Executive Offices) | (Zip Code) | |
918-838-8822
(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 (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 240.14d-2(b)) |
| ¨ | 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 November 17, 2005, Matrix Service Company (the “Company”) issued a press release providing an update on the investigation of a fatal accident involving two employees of its subsidiary, Matrix Service Industrial Contractors, Inc., which occurred at a Valero Energy Corporation refinery in Delaware City, Delaware on November 6, 2005. A copy of the press release is attached as Exhibit 99.1 to this Current Report of Form 8-K and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
The following exhibit is filed herewith:
| Exhibit No. |
Description | |
| 99.1 | Press Release dated November 17, 2005, issued by the Company. | |
SIGNATURES
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.
| Matrix Service Company | ||||
| Dated: November 18, 2005 | By: | /s/ George L. Austin | ||
| George L. Austin | ||||
| Chief Financial Officer and Principal Accounting Officer | ||||
EXHIBIT INDEX
| Exhibit No. |
Description | |
| 99.1 | Press Release dated November 17, 2005, issued by the Company. | |
Exhibit 99.1
FOR IMMEDIATE RELEASE
MATRIX SERVICE PROVIDES UPDATE ON INVESTIGATION OF ACCIDENT AT VALERO REFINERY
TULSA, OK – November 17, 2005 – Matrix Service Company (Nasdaq: MTRX), a leading industrial services company, today announced that it is working and cooperating with Valero Energy Corporation (NYSE: VLO) to determine the root cause of the fatal accident at the Valero Refinery in Delaware City, DE. In a previously announced press release on November 7, 2005, Matrix Service reported that two employees of its subsidiary, Matrix Service Industrial Contractors, Inc., were fatally injured due to exposure to nitrogen fumes at the refinery in Delaware City.
Valero hired Matrix Service Industrial Contractors, Inc., one of its primary maintenance contractors, to work on the current turnaround at the Delaware City refinery. The Company continues to work with Valero at this refinery and expects to complete the turnaround project on schedule.
Michael Hall, president and chief executive officer of Matrix Service Company, said, “We are fully cooperating with Valero and the appropriate authorities to determine what caused this unfortunate incident. The safety of our employees is our number one priority as our work environment is considered high risk. Our Safety Accountability Program stresses the importance of evaluating the basic cause for every work site incident. “
Mr. Hall added, “Matrix Service has received strong support from our existing client base and all job orders placed prior to the accident remain intact. Current inquiry levels also remain strong. Matrix Service has adequate insurance coverage, both workers’ compensation and general liability; consequently, at this time we do not anticipate any materially adverse short- or long-term financial impact to the Company as a result of this tragedy.”
About Matrix Service Company
Matrix Service Company provides general industrial construction and repair and maintenance services principally to the petroleum, petrochemical, power, bulk storage terminal, pipeline and industrial gas industries.
The Company is headquartered in Tulsa, Oklahoma, with regional operating facilities located in Oklahoma, Texas, California, Michigan, Pennsylvania, Illinois, Washington and Delaware in the U.S. and Canada.
This release contains forward-looking statements that are made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are generally accompanied by words such as “anticipate”, “continues”, “expect”, “forecast”, “outlook”, “believe”, “estimate”, “should” and “will” and words of similar effect that convey future meaning, concerning the Company’s operations, economic performance and management’s best judgment as to what may occur in the future. Future events involve risks and uncertainties that may cause actual results to differ materially from those we currently anticipate. The actual results for the current and future periods and other corporate developments will depend upon a number of economic, competitive and other influences, including those identified in the “Risk Factors” and “Forward Looking Statements” sections and elsewhere in the Company’s reports and filings made from time to time with the Securities and Exchange Commission. Many of these risks and uncertainties are beyond the control of the Company, and any one of which, or a combination of which, could materially and adversely affect the results of the Company’s operations and its financial condition. We undertake no obligation to update information contained in this release.
| For More Information: |
Investors: | |
| Les Austin |
Trúc N. Nguyen | |
| Vice President Finance and CFO |
The Global Consulting Group, Inc. | |
| Matrix Service Company |
646/284-9418 | |
| 918/838-8822 |
tnguyen@hfgcg.com | |
| laustin@matrixservice.com |