________________________________________________________
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): May 11, 2009
Integrated Electrical Services, Inc.
(Exact name of registrant as specified in Charter)
|
Delaware |
001-13783 |
76-0542208 |
|
(State or Other Jurisdiction |
(Commission |
(I.R.S. Employer |
1800 West Loop South, Suite 500
Houston, Texas 77027
(Address of Principal Executive Offices)
Registrant's telephone number, including area code: (713) 860-1500
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 8.01. Other Events.
On May 11, 2009, Integrated Electrical Services, Inc. (the “Company”) issued a press release announcing that the filing of its quarterly report on Form 10-Q for the quarter ended March 31, 2009 (the “10-Q”) with the Securities & Exchange Commission (the “SEC”) will be delayed beyond the prescribed filing date. The Company has filed with the SEC a Notification of Late Filing on Form 12b-25.
The press release disclosed that the Company requires additional time to complete verification and reconciliation of certain financial information required in the Form 10-Q as well as certain non-cash charges related to the correction of prior period accounting errors. The Company stated in the press release that, upon completion of a review, it will evaluate the cumulative effect of all errors to determine if a restatement of the prior period financial statements is necessary. If no restatement is necessary, the Company stated that it will file the Form 10-Q within the prescribed five day extension period.
A copy of the press release announcing the filing of the Form 12b-25 is filed herewith as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
|
Description |
|
|
Exhibit 99.1 |
Press Release issued by Integrated Electrical Services, Inc. on May 11, 2009. |
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 thereunto duly authorized.
INTEGRATED ELECTRICAL SERVICES, INC.
Date: May 12, 2009 /s/ William L. Fiedler
William L. Fiedler
Senior Vice President and General Counsel
EXHIBIT INDEX
|
Exhibit Number |
Description |
|
Exhibit 99.1 |
Press Release issued by Integrated Electrical Services, Inc. on May 11, 2009. |
Exhibit 99.1
NEWS RELEASE
| Contacts: Randy Guba, CFO | |||
| FOR IMMEDIATE RELEASE | Integrated Electrical Services, Inc. | ||
| 713-860-1500 | |||
| Ken Dennard / ksdennard@drg-e.com | |||
| Karen Roan / kcroan@drg-e.com | |||
| DRG&E / 713-529-6600 | |||
INTEGRATED ELECTRICAL SERVICES RescheduleS FISCAL 2009
Second Quarter Earnings Release and Conference Call
IES TO FILE FORM 12b-25 -- NOTIFICATION OF LATE FILING
HOUSTON — May 11, 2009 — Integrated Electrical Services, Inc. (NASDAQ: IESC) today announced that it will file “Form 12b-25 – Notification of Late Filing” with the Securities and Exchange Commission and has postponed the release of its fiscal 2009 second quarter results, previously scheduled for Monday, May 11, 2009, and the related conference call previously scheduled to take place on Tuesday May 12, 2009.
IES is unable to file its quarterly report on Form 10-Q for the period ended March 31, 2009 within the prescribed time period, as the Company requires additional time to complete verification and reconciliation of certain financial information required in the Form 10-Q. The Company has concluded that the five day extension will allow it to avoid unreasonable effort and expense in completing the Form 10-Q, as well as provide the Company’s independent auditor with the time necessary to complete its review of the final reconciliation. The reconciliation item in question relates to certain intercompany accounts that have a potential non-cash after-tax impact of approximately $0.4 million.
In addition, the Company’s financial statements for the three months ended March 31, 2009 may include certain non-cash charges related to the correction of prior period accounting errors. Such charges are estimated to have an after-tax impact of approximately $0.8 million. Management determined that $0.4 million of the errors related to the fiscal year ended September 30, 2008 and $0.4 million was related to the fiscal first quarter of 2009. Management believes these non-cash corrections are not material and should be reflected in cost of services and selling, general and administrative expenses in the fiscal second quarter.
Upon completion of its review, the Company will evaluate the cumulative effect of all errors to determine if a restatement of the prior period financial statements is necessary. If no restatement is necessary, the Company will file the Form 10-Q within the prescribed five day extension period.
The Company has rescheduled its fiscal second quarter earnings to be released on or before Monday, May 18, 2009 before the market opens. In conjunction with the rescheduled release, the Company has rescheduled its conference call, which will now be broadcast live over the Internet, for Monday, May 18, 2009 at 9:30 a.m. Eastern Time.
What: Integrated Electrical Services Rescheduled Fiscal 2009 Second Quarter
Earnings Call
When: Monday, May 18, 2009 at 9:30 a.m. EDT / 8:30 CDT
How: Live via phone – By dialing 480-629-9690, or live over the Internet
by logging onto the web at:
Where: http://www.ies-co.com
For those who cannot listen to the live call, a telephonic replay will be available through May 19, 2009 and may be accessed by calling 303-590-3030 and using the pass code 4077397#. An archive of the webcast will be available after the call for a period of 60 days on http://www.ies-co.com.
Integrated Electrical Services, Inc. is a national provider of electrical and communications solutions to the commercial, industrial and residential markets. The Company offers system design and installation, contract maintenance and service to large and small customers, including general contractors, developers and corporations of all sizes.
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