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SANW > SEC Filings for SANW > Form 8-K on 13-May-2013All Recent SEC Filings

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Form 8-K for S&W SEED CO


Results of Operations and Financial Condition, Material Impairments, Financial Statem

Item 2.02 Results of Operations and Financial Condition.

On May 13, 2013, S&W Seed Company (the "Company") issued a press release entitled "S&W Announces Results for the Third Quarter of Fiscal Year 2013." The text of the press release is furnished as Exhibit 99.1.

The information in Exhibit 99.1 hereto shall not be deemed "filed" for the purposes of or otherwise subject to the liabilities under Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Unless expressly incorporated into a filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act made after the date hereof, the information contained in Exhibit 99.1 hereto shall not be incorporated by reference into any Company filing, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

Item 2.06 Material Impairments.

Recently, due to weeding control practices, damage to a majority of the Company's stevia fields occurred and the Company believes it is unlikely that the existing stevia plants will produce the desired levels of leaf that will make it economically viable to continue farming these fields. On May 7, 2013, based on the Company's preliminary estimates of the damage to the stevia crops the Company determined to record an impairment charge of $1,840,209 and $2,140,209 for the three and nine months ended March 31, 2013, respectively.

The impairment charge will not result in any future cash expenditures.

Please refer to Item 2.02 and Exhibit 99.1 hereto for additional information regarding the Company's stevia business.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit Description
99.1 Press Release dated May 13, 2013

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