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) | October 22, 2003 |
Matrix Service Company
(Exact name of registrant as specified in its charter)
0-18716
(Commission File Number)
| Delaware | 73-1352174 | |
| (State or other jurisdiction of incorporation) |
(IRS Employer Identification No.) | |
| 10701 East Ute Street Tulsa, Oklahoma |
74116 | |
| (Address of principal executive offices) | (Zip Code) |
(918) 838-8822
(Registrant’s telephone number, including area code)
Page 1
Item 5. Other Events and Regulation FD Disclosure
On October 22, 2003, Matrix Service Company (the “Registrant”) issued a press release announcing that its Board of Directors declared a one-for-one stock dividend on the Company’s shares of common stock. The full text of the press release issued in connection with the announcement is attached as Exhibit No. 99.1 to this Current Report on Form 8-K.
Item 7. Financial Statements and Exhibits.
| (c) | Exhibit |
| Exhibit No. |
Description | |
| 99.1 |
Press Release, dated October 22, 2003, announcing a one-for-one stock dividend | |
The information in this Current Report on Form 8-K, and the Exhibit attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
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: October 22, 2003 |
By: | /s/ Michael J. Hall | ||||||
| Michael J. Hall Chief Financial Officer and Principal Accounting Officer | ||||||||
Page 2
EXHIBIT INDEX
| Exhibit No. |
Description | |
| 99.1 |
Press Release, dated October 22, 2003, announcing a one-for-one stock dividend | |
Page 3
Exhibit No. 99.1
MATRIX SERVICE DECLARES A ONE-FOR-ONE STOCK DIVIDEND
TULSA, OK – October 22, 2003 – Matrix Service Co. (Nasdaq: MTRX), a leading industrial services company, today announced that its Board of Directors declared a one-for-one stock dividend on the Company’s shares of common stock.
As a result of the stock dividend, shareholders will receive one additional common share for each share held on the record date of October 31, 2003 and is payable on November 21, 2003.
“Declaring a stock dividend demonstrates the Board’s confidence in the Company’s financial strength and long-term growth prospects. The stock dividend will also increase the Company’s float and liquidity in order to make it more attractive to new shareholders,” said Brad Vetal, president and chief executive officer.
Upon completion of the stock dividend, the number of common shares outstanding will be approximately 16.4 million. The additional shares will be mailed or delivered on or about November 21, 2003, by the Company’s transfer agent, UMB Bank. This is the first time Matrix Service Company has declared a stock dividend since the Company’s initial public offering in September 1990.
“We believe that the stock dividend will create interest among a broad range of investors in Matrix Service Company’s stock. We also see tremendous growth opportunities in the industrial services sector and remain committed to attracting investors who also share this enthusiasm and take a long-term interest in the Company’s growth,” Vetal said.
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, Utah, South Carolina, Washington, and Delaware in the U.S. and Canada.
This release contains certain forward-looking statements including statements preceded or modified by the words “anticipate”, “continues”, “expect”, “forecast”, “outlook”, “believe”, “estimate”, “should” and “will” and words of similar effect, concerning the Company’s operations, economic performance and management’s best judgment as to what may occur in the future. 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 Company’s reports and documents filed from time to time with the Securities and Exchange Commission, many of which are beyond the control of the Company, and any one of which, or a combination of which, could materially affect the results of the Company’s operations.
| For More Information: |
Investors: | |
| Michael J. Hall |
Trúc N. Nguyen | |
| Vice President Finance and CFO |
VP, Investor Relations | |
| Matrix Service Company |
Stern & Co. | |
| 918/838-8822 |
212/888-0044 | |
| mhall@matrixservice.com |
tnguyen@sternco.com |
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