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 11, 2016

 

Greystone Logistics, Inc.

(Exact name of registrant as specified in its charter)

 

Oklahoma   000-26331   75-2954680

(State or other jurisdiction
of incorporation)

  (Commission
File Number)
  (I.R.S. Employer
Identification No.)

 

1613 E. 15th, Tulsa, Oklahoma 74120
(Address of principal executive offices) (Zip Code)

 

(918) 583-7441

(Registrant’s telephone number, including area code)

 

Not Applicable

(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 (see General Instruction A.2. below):

 

[  ]  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))

 

 

 

 
 

 

Item 2.02. Results of Operations and Financial Condition.

 

On January 11, 2016, Greystone Logistics, Inc. (the “Company”) issued a press release regarding an agreement to provide new generation 48x40 plastic pallets for a national provider of lease pool services. A copy of the press release dated January 11, 2016 is attached hereto as Exhibit 99.1.

 

The information in this Form 8-K, including exhibits, is being furnished pursuant to Item 2.02 of Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be incorporated by reference into any registration statement filed by the Company under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference.

 

Item 7.01. Regulation FD Disclosure.

 

As noted above in Item 2.02 of this Current Report on Form 8-K, the registrant issued a press release on January 11, 2016. A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is being furnished pursuant to Regulation FD.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

99.1 Press Release dated January 11, 2016.

 

 
 

 

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.

 

  GREYSTONE LOGISTICS, INC.
     
January 11, 2016 By: /s/ William W. Rahhal
    William W. Rahhal
    Chief Financial Officer

 

 
 

 

EXHIBIT INDEX

 

Exhibit No.   Description
     
99.1   Press Release dated January 11, 2016.

 

 
 

 

EXHIBIT 99.1

 

TULSA, OK / ACCESSWIRE / January 11, 2016 / Tulsa-based Greystone Logistics, Inc. announces the signing of an agreement to provide new generation 48x40 plastic pallets for a national provider of lease pool services.

 

“Greystone signed a multi-year contract that will expand the previously announced 40,000 pallet purchase order,” stated Warren Kruger, CEO. Kruger continued, “The expected new generation mold has recently arrived and will soon be in full production. The first components of an additional injection-molding machine, which should be operational in about March 2016, are currently being delivered. This machine will be dedicated to the new customer. We anticipate that this new contract will have a positive impact on top line sales and generate margins in line with expectations. We foresee the need for additional molds later in the year for this customer. A significant amount of time, planning, testing and capital has been expended on this project. This undertaking was accomplished due to the energy and patience of our dedicated and knowledgeable employees.”

 

About Greystone Logistics, Inc. (http://www.greystonelogistics.com):

 

Greystone Logistics is a “Green” manufacturing and leasing company that reprocesses and sells recycled plastic and designs, manufactures, sells high quality 100% recycled plastic pallets that provide logistical solutions needed by a wide range of industries such as the food and beverage, automotive, chemical, pharmaceutical and consumer products. The Company’s technology, including that used in its injection molding equipment, proprietary blend of recycled plastic resins and patented pallet designs, allows production of high quality pallets quickly and at lower costs than many processes. The recycled plastic for its pallets helps control material costs while reducing environmental waste and provides cost advantages over users of virgin resin. Excess plastic not used in production of pallets is reprocessed for resale.

 

Forward-Looking Statements

 

This press release includes certain statements that may be deemed “forward-looking statements” within the meaning of the federal securities laws. All statements, other than statements of historical facts that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future, including the potential sales of pallets or other possible business developments are forward-looking statements. Such statements are subject to a number of assumptions, risks and uncertainties, including the ability of the Company to continue as a going concern. Actual results may vary materially from the forward-looking statements. For a list of certain material risks relating to the Company and its products, see Greystone Logistics’ Form 10-K for the fiscal year ended May 31, 2015.

 

CONTACT:

 

Greystone Logistics, Inc.
Website: http://www.greystonelogistics.com
Phone: (918) 583-7441
Email: investorrelations@greystonelogistics.com

 

SOURCE: Greystone Logistics, Inc.