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): January 27, 2022
HAYNES INTERNATIONAL, INC.
(Exact name of registrant as specified in
its charter)
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Delaware | | 001-33288 | | 06-1185400 |
(State or other jurisdiction of | | (Commission File | | (I.R.S. Employer |
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1020 West Park Avenue Kokomo, Indiana | | 46904-9013 |
(Address of principal executive offices) | | (Zip Code) |
Registrant’s telephone number, including area code: (765) 456-6000
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Securities registered pursuant to Section 12(b) of the Act: | | |
Tile of each class | Trading Symbol | Name of each exchange on which registered |
Common Stock, par value $.001 per share | “HAYN” | NASDAQ Global Market |
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:
☐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 (17CFR240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17CFR240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17CFR240.13e-4(c))
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. ☐
The information in Items 2.02, 7.01 and 9.01 of this Form 8-K is being furnished and shall not be deemed “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information in this Form 8-K shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended.
Item 2.02.Results of Operations and Financial Condition.
On January 27, 2022, Haynes International, Inc. (the “Company”) issued a press release announcing results for the first quarter of fiscal 2022 ended December 31, 2021. The full text of the press release is furnished as exhibit 99.1 to this Form 8-K and is incorporated herein by reference.
Item 7.01.Regulation FD Disclosure
On January 26, 2022, the Board of Directors approved a quarterly cash dividend of $0.22 per outstanding share of the Company’s common stock. The dividend is payable March 15, 2022 to stockholders of record at the close of business on March 1, 2022. The dividend cash pay-out based on the current shares outstanding is expected to be approximately $2.8 million per quarter, or approximately $11.1 million on an annualized basis.
Item 9.01.Financial Statement and Exhibits
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(a) | Not applicable. |
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(b) | Not applicable. |
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(d) | Exhibits |
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99.1 | Haynes International, Inc. press release, issued January 27, 2022. |
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104 | Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101) |
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.
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| Haynes International, Inc. | |
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Date: January 27, 2022 | By: | /s/ Daniel W. Maudlin |
| | Daniel W. Maudlin |
| | Vice President — Finance, CFO |