Trecora Resources (NYSE:TREC) Files An 8-K Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure.
On December 13, 2018, Trecora Resources (the “Company”) issued a press release announcing the employee reorganization described below in Item 8.01 of this Current Report on Form 8-K. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference into this Item 7.01.
The information in this Item 7.01, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.
Item 8.01 Other Events.
On December 13, 2018, the Company announced an employee reorganization at its South Hampton Resources facility in Silsbee, Texas. The reorganization will result in a reduction of about 20% of the Company’s Silsbee, Texas workforce and a charge of approximately $400,000 in the fourth quarter 2018.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
TRECORA RESOURCES Exhibit
EX-99.1 2 trecpressrelease_shrreorgx.htm EXHIBIT 99.1 Exhibit Trecora Resources Announces Reorganization with Focus on Execution & Annual Cost Savings of Approximately $2.5 mm SUGAR LAND,…
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About Trecora Resources (NYSE:TREC)
Trecora Resources, formerly Arabian American Development Company, is engaged in manufacturing of specialty petrochemical products and synthetic waxes, and providing custom processing services. The Company operates through two segments: manufacturing of various specialty petrochemical products and manufacturing of specialty synthetic waxes. The specialty petrochemical products segment operates through South Hampton Resources, Inc. (SHR). The specialty synthetic wax segment operates through Trecora Chemical, Inc. (TC). SHR owns and operates a specialty petrochemical facility that produces hydrocarbons and other petroleum-based products, including isopentane, normal pentane, isohexane and hexane. TC produces specialty polyethylene and poly alpha olefin waxes, and provides custom processing services. TC provides custom manufacturing, distillation, blending, forming, and packaging of finished and intermediate products, and wax products for coatings, hot melt adhesives and lubricants.