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| OMNI > SEC Filings for OMNI > Form 8-K on 17-Feb-2009 | All Recent SEC Filings |
17-Feb-2009
Regulation FD Disclosure, Other Events, Financial Statements and Exhibi
On February 10, 2009, OMNI Energy Services Corp. (the "Company") reported that it is currently in the process of its annual impairment testing of its goodwill, which is materially affected by current valuations in both the equity and debt markets, as well as near-term market outlook. The fourth quarter results will include a pre-tax, non-cash goodwill/intangible impairment charge pursuant to Statement of Financial Accounting Standards No. 142. This impairment will have no impact on any of the Company's loan covenants.
The Company also announced plans to release financial results for the year ended December 31, 2008, on Wednesday, March 11, 2009 after the close of markets in the United States. The Company will conduct a conference call at 2:00 p.m. CST on Thursday, March 12, 2009, to discuss the results with analysts, investors and other interested parties. Individuals who wish to participate in the conference call should dial (877) 723-9520, confirmation code 7755094, in the United States or (719) 325-4789, confirmation code 7755094, from outside the country.
Listeners may also connect to the simultaneous webcast available from the investor relations section of the Company's web site at www.omnienergy.com. A replay of the webcast will be available at this site for 30 days after the call. Listeners may also listen via Internet: http://ir.omnienergy.com.
The information in this Item 7.01 is not deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended ("Exchange Act"), or otherwise subject to the liabilities of that section, and such information is not incorporated by reference into any registration statements or other document filed under the Securities Act of 1933, as amended ("Securities Act"), or the Exchange Act, regardless of the general incorporation language contained in such filing, except as shall be expressly set forth by specific reference to this filing.
On February 10, 2009, the Company also reported that it has been awarded a significant project with a leading seismic data acquisition company. The project, expected to commence March 1, 2009, encompasses in excess of 5,000 holes, 85% of which are in the transition zone in Louisiana, and the balance being highland activity. The contract will generate approximately $2.5 million in revenue during the first and second quarter of 2009.
A copy of the press release reporting the project award, goodwill impairment and conference call is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The press release should be read in conjunction with the note regarding forward-looking statements, which is included in the text of the press release.
(c) Exhibits.
Exhibit Number Description 99.1 Press release dated February 10, 2009 issued by OMNI Energy Services Corp. |
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