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) February 19, 2008
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 February 19, 2008, Matrix Service Company announced that Matrix Service Inc. has been awarded a contract with Parnon Storage for the construction of aboveground storage tanks for crude oil storage at the TEPPCO facility in Cushing, Oklahoma. Matrix Service Inc.’s work on this project is expected to be approximately $50 million with an anticipated completion date in mid 2009.
On February 19, 2008, Matrix Service Company also announced that in connection with a series of investor meetings, the Company is posting its most recent presentation material to the Company’s Web site.
| Item 9.01 | Financial Statements and Exhibits. |
The following exhibits are filed herewith:
| Exhibit No. |
Description | |
| 99.1 | Press Release dated February 19, 2008 announcing a contract for the construction of aboveground storage tanks in Cushing, Oklahoma for Parnon Storage. | |
| 99.2 | Press Release dated February 19, 2008 announcing the posting of a new investor presentation to the corporate Web site. | |
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: February 20, 2008 | 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 February 19, 2008 announcing a contract for the construction of aboveground storage tanks in Cushing, Oklahoma for Parnon Storage. | |
| 99.2 | Press Release dated February 19, 2008 announcing the posting of a new investor presentation to the corporate Web site. | |
Exhibit 99.1
FOR IMMEDIATE RELEASE
MATRIX SERVICE SELECTED TO CONSTRUCT TANKAGE FOR PARNON STORAGE AT FACILITY
IN CUSHING, OKLAHOMA
Tulsa, OK – February 19, 2008 – Matrix Service Co. (NASDAQ: MTRX), a leading industrial services company, today confirmed that it has added to backlog a contract that its wholly owned subsidiary, Matrix Service, Inc., an industrial service contractor, has been awarded a contract with Parnon Storage, Inc., a 100% wholly owned subsidiary of Parnon Holdings Inc. for construction of aboveground storage tanks (AST) for crude oil storage at the TEPPCO facility in Cushing, Oklahoma. Matrix Service’s work on this project is expected to be approximately $50 million.
The scope of the work will entail turnkey construction of approximately 3 million barrels of tankage and all ancillary work required for a functional facility. The project is expected to be completed by the summer of 2009.
Michael J. Bradley, president and CEO of Matrix Service, said, “We have been progressing under work orders at the job site for several months and are pleased to be expanding our customer base with the final award of the contract. We look forward to completing this project for Parnon Storage as they expand their business.”
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, please contact:
Matrix Service Company
Les Austin, Vice President Finance and CFO
T: +1-918-838-8822
E: laustin@matrixservice.com
Investors and Financial Media:
Trúc Nguyen, Deputy Managing Director
The Global Consulting Group
T: +1-646-284-9418
E: tnguyen@hfgcg.com
Exhibit 99.2
FOR IMMEDIATE RELEASE
MATRIX SERVICE POSTS NEW INVESTOR PRESENTATION TO CORPORATE WEB SITE
Tulsa, OK – February 19, 2008 – Matrix Service Co. (NASDAQ: MTRX), a leading industrial services company, today announced that in connection with a series of investor meetings over the next few weeks, the Company is posting its most recent presentation material to the Company’s Web site beginning on February 19, 2008.
The presentation can be accessed by logging on to the Company’s Web site at www.matrixservice.com and clicking on “Investors” and then clicking on “Other Investor Information.”
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, please contact:
Matrix Service Company
Les Austin, Vice President Finance and CFO
T: +1-918-838-8822
E: laustin@matrixservice.com
Investors and Financial Media:
Trúc Nguyen, Deputy Managing Director
The Global Consulting Group
T: +1-646-284-9418
E: tnguyen@hfgcg.com