U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): June 1, 2021
ADVANCED EMISSIONS SOLUTIONS, INC.
(Name of registrant as specified in its charter)
|Delaware|| ||001-37822|| ||27-5472457|
|(State or other jurisdiction of incorporation)|| ||(Commission File Number)|| ||(I.R.S. Employer Identification Number)|
8051 E. Maplewood Avenue, Suite 210, Greenwood Village, CO
|(Address of principal executive offices) || ||(Zip Code)|
Registrant's telephone number, including area code: (720) 598-3500
(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:
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))
Securities registered pursuant to Section 12(b) of the Act:
|Class|| ||Trading Symbol||Name of each exchange on which registered|
|Common stock, par value $0.001 per share|| ||ADES||NASDAQ Global Market|
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.||☐|
|Item 1.02||Termination of a Material Definitive Agreement|
On June 1, 2021, Advanced Emissions Solutions, Inc. (the "Company"), a Delaware corporation, repaid in full all outstanding indebtedness under its Term Loan and Security Agreement, dated December 7, 2018 (the "Loan Agreement"). The Company did not incur any early termination penalties as a result of the repayment of indebtedness or termination of the Loan Agreement. In connection with the repayment of outstanding indebtedness by the Company, the Company was automatically and permanently released from all security interests, mortgages, liens and encumbrances under the Loan Agreement.
On June 3, 2021, the Company issued a press release announcing the payoff of the Loan Agreement. A copy of the Company’s press release, attached as Exhibit 99.1 to this report, is incorporated herein by reference.
|Item 9.01||Financial Statements and Exhibits.|
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: June 3, 2021
| ||Advanced Emissions Solutions, Inc.|
| ||/s/ Greg Marken|
| ||Greg Marken|
| ||Interim Chief Executive Officer|