공시 • Nov 09
Unique Fabricating, Inc. Filed for Bankruptcy Unique Fabricating, Inc., along with its seven affiliates, filed a voluntary petition for liquidation under Chapter 7 in the US Bankruptcy Court for the District of Delaware on November 8, 2023. The debtor listed both its assets and liabilities in the range of $10 million to $50 million. The debtor is represented by Joseph M. Barry of Young, Conaway, Stargatt & Taylor as its legal counsel. David W. Carickhoff has been appointed as the case trustee. 공시 • Oct 11
NYSE American LLC Reviews Unique Fabricating's Extension Request and Grants an Extension in Accordance with Continued Listing Standards Set Forth in Sections 134 and 1101 of the NYSE’s Listed Company Manual Unique Fabricating, Inc. announced on October 10, 2023, that the NYSE Regulation Department of NYSE American LLC (the ‘NYSE American’) has reviewed the company’s extension request and granted an extension in accordance with continued listing standards set forth in Sections 134 and 1101 of the NYSE’s Listed Company Manual since it failed to file its Form 10-K for the fiscal year ended December 31, 2022 and Form 10-Qs for the periods ended March 31, 2023 and June 30, 2023 (the ‘Delayed Filings’) with the Securities and Exchange Commission (‘SEC’) in a timely manner. As previously disclosed, Unique Fabricating fell out of compliance with continued listing standards as a result of these Delayed Filings. The NYSE American originally had granted the Company an extension, through September 30, 2023, to remedy the issue. On September 19, 2023, Unique Fabricating submitted a plan for continued listing, and on October 3, 2023, the NYSE American granted an extension through March 31, 2024 for the Company to cure its filing deficiency. Pursuant to Section 1007 of the Company Guide, an issuer is required to submit an extension request when it is unable to cure the filing deficiency within the initial six -month period of the maximum 12-month cure period from when it became delinquent. A company’s common stock will continue to be listed and traded on the NYSE during the cure periods, subject to a company’s compliance with other continued listing requirements. The current noncompliance with the NYSE listing standards does not affect the Company’s ongoing business operations or its U.S. Securities and Exchange Commission reporting requirements, nor does it trigger any violation of its material debt or other obligations. Unique Fabricating has been engaged in reviewing and continues to review strategic alternatives, including a process for the sale of its business to a qualified buyer, in accordance with fixed milestones in agreements with its bank lenders and certain key customers which contemplate completion of the sale process by no later than October 31, 2023. The Company can provide no assurances that it will be able to regain compliance with the NYSE’s continued listing standards or otherwise maintain the listing of its shares on the NYSE or that it will comply with the milestones for the sale of its business in the agreements with its bank lenders and key customers. Board Change • Aug 17
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. Independent Director Pat Cavanagh was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 공시 • May 17
Unique Fabricating, Inc. announced delayed 10-Q filing On 05/16/2023, Unique Fabricating, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Board Change • Apr 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 5 highly experienced directors. Independent Director Pat Cavanagh was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 5 highly experienced directors. Independent Director Pat Cavanagh was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 10
Third quarter 2022 earnings released: US$0.90 loss per share (vs US$0.19 loss in 3Q 2021) Third quarter 2022 results: US$0.90 loss per share (further deteriorated from US$0.19 loss in 3Q 2021). Revenue: US$34.5m (up 15% from 3Q 2021). Net loss: US$10.6m (loss widened 468% from 3Q 2021). Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Auto Components industry in Germany. 공시 • Nov 01
Unique Fabricating, Inc. to Report Q3, 2022 Results on Nov 08, 2022 Unique Fabricating, Inc. announced that they will report Q3, 2022 results After-Market on Nov 08, 2022 Reported Earnings • Aug 13
Second quarter 2022 earnings released: US$0.91 loss per share (vs US$0.26 loss in 2Q 2021) Second quarter 2022 results: US$0.91 loss per share (down from US$0.26 loss in 2Q 2021). Revenue: US$35.0m (up 13% from 2Q 2021). Net loss: US$10.7m (loss widened 327% from 2Q 2021). Over the next year, revenue is forecast to grow 23%, compared to a 9.8% growth forecast for the industry in Germany. 공시 • Aug 12
Unique Fabricating, Inc. Reports Impairment of Goodwill for the Three Months Ended June 30, 2022 Unique Fabricating, Inc. reported impairment of goodwill for the three months ended June 30, 2022. For the months, the company reported impairment of goodwill of $12,163,000. 공시 • Aug 06
Unique Fabricating, Inc. to Report Q2, 2022 Results on Aug 11, 2022 Unique Fabricating, Inc. announced that they will report Q2, 2022 results at 4:00 PM, US Eastern Standard Time on Aug 11, 2022 공시 • Jun 15
Unique Fabricating, Inc., Annual General Meeting, Jul 28, 2022 Unique Fabricating, Inc., Annual General Meeting, Jul 28, 2022, at 09:00 Eastern Daylight. Location: 800 Standard Parkway, Auburn Hills, MI 48326 Auburn Hills Michigan United States Agenda: To elect two members of the Board of Directors. The Board intends to present for election the following nominees as Class I directors William Cooke and Kim Korth;To ratify of the appointment of BDO USA, LLP as the independent registered public accounting firm for the Company for the fiscal year ending December 31, 2022;To disucss Approval, on a non-binding advisory basis, of the compensation paid to the Company's named executive officers;to Approval and adoption of an amendment to the Company's Amended and Restated Certificate of Incorporation to increase the authorized number of shares of common stock;and to discuss other subject matters. Reported Earnings • May 14
First quarter 2022 earnings released: US$0.05 loss per share (vs US$0.11 loss in 1Q 2021) First quarter 2022 results: US$0.05 loss per share (up from US$0.11 loss in 1Q 2021). Revenue: US$35.3m (up 1.5% from 1Q 2021). Net loss: US$569.0k (loss narrowed 47% from 1Q 2021). Over the next year, revenue is forecast to grow 23%, compared to a 9.5% growth forecast for the industry in Germany. 공시 • May 07
Unique Fabricating, Inc. to Report Q1, 2022 Results on May 12, 2022 Unique Fabricating, Inc. announced that they will report Q1, 2022 results After-Market on May 12, 2022 공시 • Jan 28
Unique Fabricating, Inc. Appoints George Taylor as Chief Operating Officer Unique Fabricating, Inc. announced that it has named George L. Taylor Chief Operating Officer, a new position reporting directly to Doug Cain, Unique Fabricating's President and Chief Executive Officer. Mr. Taylor joined Unique Fabricating as Director of Engineering and Operational Excellence in September of 2021. Since joining the Company, he has played a key role in improving operational efficiency and customer satisfaction while managing the industry-wide supply chain challenges. He joined Unique Fabricating from Mubea Inc., an international partner to the automotive industry and an innovative lightweight specialist for high-strength spring components and related products. During his 21-year career at Mubea, he served in several positions of increasing responsibility, most recently, as General Manager of Body Division NA, overseeing a team of more than 200 associates and $200 million in annual revenue. Previous positions at Mubea included Sales Manager of Flat Products NA, General Manager of Transmission and Disc Springs. He joined Mubea from Cincinnati Gear Company where he began his career as an applications engineer before being promoted to Industrial Enclosed Drives Sales Manager. Reported Earnings • Nov 17
Third quarter 2021 earnings released: US$0.19 loss per share (vs US$0.10 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: US$29.9m (down 16% from 3Q 2020). Net loss: US$1.86m (down 286% from profit in 3Q 2020). 공시 • Sep 24
Unique Fabricating, Inc. announced that it has received $4.3965 million in funding On September 23, 2021, Unique Fabricating, Inc closed the transaction. The transaction included participation from 61 investors. Reported Earnings • May 15
First quarter 2021 earnings released: US$0.11 loss per share (vs US$0.12 loss in 1Q 2020) The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were flat. First quarter 2021 results: Revenue: US$34.8m (flat on 1Q 2020). Net loss: US$1.07m (loss narrowed 6.0% from 1Q 2020). 공시 • May 15
Unique Fabricating, Inc. Provides Production Guidance for the Year of 2022 Unique Fabricating, Inc. provided production guidance for the year of 2022. For the period, the company expects that the outlook is for approximately 16.8 million units of production or a 12% increase from the 2021 full year expectation.