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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (i330) i856-8800
(Former name and address, if changed since last report)
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
iClass A Common Stock, $0.01 par value
iAWX
iNYSE American
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:
i☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
i☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
i☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
i☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company i☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
ITEM 8.01 Other Events
As previously reported, on December 19, 2022, the 11th Appellate District Court in Trumbull County, Ohio (the “Court”) denied AWMS Water Solutions, LLC’s (the “Company”) writ of mandamus action that resulted from the suspension order of the Company’s salt water injection well. AWMS Water Solutions, LLC is a wholly owned subsidiary of Avalon Holdings Corporation.
In March 2019, the Company received notice that the Court issued summary judgment in favor of the Ohio Department of Natural Resources in the writ of mandamus action. The decision was appealed to the Supreme Court of Ohio in April 2019. Oral arguments in the case occurred in April 2020. In September 2020, the Supreme Court of Ohio ruled in favor of the Company. The Supreme Court of Ohio reversed the decision of the Court and remanded the case back to that court for a trial on the merits. The trial occurred in September and October 2021.
The Court determined, in the December 19, 2022 ruling that the Company failed to establish a cognizable property interest that would necessitate a just compensation/takings analysis and accordingly denied the Company’s petition for writ of mandamus. The Company appealed this decision on January 30, 2023 and on January 24, 2024 the Supreme Court of Ohio ruled in a unanimous decision to overturn the Court of Appeal’s decision. The Supreme Court of Ohio remanded to the Court again for a decision on the mandamus complaint.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
