form8k.htm
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): March 12, 2009
Katy
Industries, Inc.
(Exact
name of registrant as specified in its charter)
|
Delaware
|
001-05558
|
75-1277589
|
|
(State
or other jurisdiction of incorporation)
|
(Commission
File Number)
|
(IRS
Employer Identification No.)
|
305
Rock Industrial Park Drive
Bridgeton,
Missouri 63044
(Address
of principal executive offices) (Zip Code)
(314)
656-4321
(Registrant’s
telephone number, including area code)
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:
[ ] Written
communications pursuant to Rule 425 under the Securities Act
[ ] Soliciting
material pursuant to Rule 14a-12 under the Exchange Act
[ ] Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act
[ ] Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act
Item
8.01 Other
Events.
On March 12, 2009, Katy Industries,
Inc. (“Katy” or the “Company”) announced that its Board of Directors has
determined that the proposal to amend the Company’s Certificate of Incorporation
to change the number of issued and outstanding shares of Katy by effecting a
1-for-500 reverse stock split with cash paid in lieu of resulting fractional
shares (the “Reverse Stock Split”) was no longer in the best interests of the
Company. This decision was due primarily to a change in the number of
shares to be exchanged for cash in the Reverse Stock Split, which resulted in a
substantial increase in the cost and expense of the Reverse Stock Split as
compared to what was originally anticipated. As a result, the Board
of Directors has decided to abandon the Reverse Stock Split and to cancel the
Special Meeting of Stockholders of the Company (the “Special Meeting”) scheduled
for March 19, 2009. The Company will continue its current operations
and will continue to be subject to the reporting requirements of the Securities
and Exchange Commission.
A
copy of the Company’s press release announcing the cancellation of the Special
Meeting is being furnished as Exhibit 99.1 to this Current Report on Form 8-K
and incorporated herein by reference.
Item
9.01 Financial
Statements and Exhibits.
(d) Exhibits.
Exhibit
No.
Description
99.1 Press release
issued by the Company on March 12, 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 hereunto
duly authorized.
KATY
INDUSTRIES, INC.
(Registrant)
By: /s/ James W.
Shaffer
James W.
Shaffer
Vice
President, Treasurer and Chief Financial Officer
Date: March
12, 2009
Index
of Exhibits
Exhibit
No. Description
99.1 Press release
issued by the Company on March 12, 2009.