LSI INDUSTRIES INC. (NASDAQ:LYTS) Files An 8-K Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
On February 21, 2017, LSI Industries Inc., an Ohio corporation
(LSI or the Company), filed a Current Report on
Form 8-K (the Original Filing) to report the Companys
acquisition of Atlas (defined below) to the Stock Purchase
Agreement (the Purchase Agreement) dated February 21, 2017
by and among LSI, Atlas Lighting Products, Inc., a North Carolina
corporation (Atlas), James Hewes Bennett and Rector Samuel
Hunt III. This Form 8-K/A is being filed to amend the Original
Filing to provide the required financial statements and pro forma
condensed combined financial information described below.
Capitalized terms used in this Current Report but not defined
herein shall have the respective meanings assigned thereto in the
Original Filing.
|
(a) |
Financial Statements of Businesses Acquired |
The audited financial statements of Atlas Lighting Products, Inc.
for the years ended December 25, 2016 and December 25, 2015,
including the notes to such financial statements, are
incorporated herein by reference to Exhibit 99.1.
|
(b) |
Pro Forma Condensed Combined Financial Information |
The pro forma condensed combined financial information of LSI and
Atlas, including the pro forma condensed combined balance sheet
as of December 31, 2016, the pro forma condensed combined
statement of operations for the fiscal year ended June 30, 2016
and the six months ended December 31, 2016, including the
introductory paragraph(s) and notes to such pro forma condensed
combined financial information, are incorporated herein by
reference to Exhibit 99.2.
|
(d) |
Exhibits |
|
23.1 |
Consent of Grant Thornton LLP |
|
99.1 |
Atlas Lighting Products, Inc. audited financial statements |
|
99.2 |
LSI Industries Inc. pro forma condensed combined financial |
About LSI INDUSTRIES INC. (NASDAQ:LYTS)
LSI Industries Inc. is a provider of corporate visual image solutions to the petroleum/convenience store industry. The Company designs and develops aspects of the solid-state light emitting diode (LED) lighting, from the electronic circuit board, to the software to drive and control the LEDs, to the structure of the LED product. It operates through three segments: Lighting, Graphics and Technology. The Lighting Segment manufactures and markets outdoor and indoor lighting and lighting controls for the commercial, industrial and multi-site retail markets, including the quick-service and automotive markets. The Graphics Segment manufactures and sells exterior and interior visual image elements related to signage and graphics, including integrated digital solutions. The Technology Segment designs, engineers, and manufactures electronic circuit boards, assemblies, lighting controls and large format solid state LED video displays. The Company provides a range of lighting control solutions. LSI INDUSTRIES INC. (NASDAQ:LYTS) Recent Trading Information
LSI INDUSTRIES INC. (NASDAQ:LYTS) closed its last trading session down -0.22 at 8.85 with 239,100 shares trading hands.