ASCENT INDUSTRIES CO
For the period ended Dec 31, 2023. Filed Apr 1, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Apr 1, 2024
ACNT$13.56-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Schedule II - Valuation and Qualifying Accounts
- Financial Statement Schedule
| Schedule II Valuation and Qualifying Accounts | ||||
|---|---|---|---|---|
| (in thousands) | Balance at Beginning of Period | Charged to (Reduction of) Cost and Expenses | Deductions | Balance at End of Period |
| Deducted from asset account: | ||||
| Inventory reserves | $2,970 | $3,318 | $(169) | $6,119 |
| Deducted from asset account: | ||||
| Inventory reserves | $943 | $2,615 | $(588) | $2,970 |
- Exhibits
| Incorporated by Reference | |||||
|---|---|---|---|---|---|
| Exhibit Number | Exhibit Description | Form | File No. | Exhibit | Filing Date |
| 2.1 | Stock Purchase Agreement, dated as of October 22, 2021, by and between the Company and DanChem Holdings, LLC.† | 8-K | 001-05200 | 2.1 | October 25, 2021 |
| 2.2 | Asset Purchase Agreement by and among Specialty Pipe & Tube Operations LLC, Specialty Pipe & Tube, Inc., and Ascent Industries Co., as the sole shareholder of Specialty Pipe & Tube, Inc. dated as of December 22, 2023 | 8-K | 001-05200 | 2.1 | December 29, 2023 |
| 3.1 | Amended and Restated Certificate of Incorporation of Registrant | 8-K | 001-05200 | 3.1 | August 10, 2022 |
| 3.2 | Amended and Restated Bylaws of Registrant | 8-K | 001-05200 | 3.2 | August 10, 2022 |
| 4.1 | Description of Common Stock | 10-K | 001-05200 | 4.2 | March 29, 2022 |
| 10.1 | Amended and Restated Synalloy Corporation 2015 Stock Awards Plan** | 10-Q | 001-05200 | 10.2 | August 9, 2021 |
| 10.2 | 2011 Long-Term Incentive Stock Option Plan** | DEF 14A | 000-19687 | A | March 25, 2011 |
| 10.3 | 2022 Omnibus Equity Incentive Plan** | DEF 14A | 001-05200 | A | April 27, 2022 |
| 10.4 | Agreement between Registrant's Bristol Metals, LLC subsidiary and the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union Local 5852-22, dated March 12, 2018, but effective January 6, 2018 | 10-K | 000-19687 | 10.11 | March 13, 2018 |
| 10.5 | Agreement between Registrant's Bristol Metals, LLC subsidiary and the United Steelworkers of America Local 4586, dated August 1, 2019 | 10-K | 000-19687 | 10.31 | March 6, 2020 |
| 10.6 | Agreement between Registrant’s Specialty Pipe & Tube, Inc. subsidiary and the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union Local 1375-18, dated July 1, 2020 | 10-K | 001-05200 | 10.9 | March 9, 2021 |
| 10.7 | Credit Agreement, dated as of January 15, 2021, between Registrant and BMO Harris Bank N.A. | 8-K | 001-05200 | 99.1 | January 19, 2021 |
| 10.8 | Joinder Agreement, dated November 5, 2021, between Registrant and BMO Harris Bank N.A. | 10-Q | 001-05200 | 10.1 | November 9, 2021 |
| Incorporated by Reference | |||||
|---|---|---|---|---|---|
| Exhibit Number | Exhibit Description | Form | File No. | Exhibit | Filing Date |
| 10.9 | Limited Consent, Second Amendment to Credit Agreement and Omnibus Amendment to Loan Documents with BMO Bank N.A. and the other lenders party thereto dated as of December 22, 2023 | 8-K | 001-05200 | 2.1 | December 29, 2023 |
| 10.10 | Employment Agreement between Registrant and Christopher G. Hutter | 8-K | 001-05200 | 99.3 | October 28, 2020 |
| 10.11 | Third Amended and Restated Master Lease Agreement, dated as of September 10, 2020, between Registrant and Store Master Funding XII, LLC | 10-Q | 001-05200 | 10.1 | November 9, 2020 |
| 10.12 | Transition Services Agreement between Specialty Pipe & Tube Operations LLC and Ascent Industries Co. dated as of December 22, 2023 | 8-K | 001-05200 | 2.1 | December 29, 2023 |
| 10.13 | Employee Leasing Transition Services Agreement between Specialty Pipe & Tube Operations LLC and Ascent Industries Co. dated as of December 22, 2023 | 8-K | 001-05200 | 2.1 | December 29, 2023 |
| 21 | Subsidiaries of the Registrant | ||||
| 23.1 | Consent of Moss Adams LLP, independent registered public accounting firm | ||||
| 23.2 | Consent of BDO USA, P.C., independent registered public accounting firm | ||||
| 31.1 | Rule 13a-14(a)/15d-14(a) Certifications of Chief Executive Officer | ||||
| 31.2 | Rule 13a-14(a)/15d-14(a) Certification of the Chief Financial Officer | ||||
| 32.1 | Certifications Pursuant to 18 U.S.C. Section 1350 | ||||
| 97.1 | Ascent Industries Co. Clawback Policy | ||||
| 101.INS* | XBRL Instance Document | ||||
| 101.SCH* | XBRL Taxonomy Extension Schema | ||||
| 101.CAL* | XBRL Taxonomy Extension Calculation Linkbase | ||||
| 101.LAB* | XBRL Taxonomy Extension Label Linkbase | ||||
| 101.PRE* | XBRL Taxonomy Extension Presentation Linkbase | ||||
| 101.DEF* | XBRL Taxonomy Extension Definition Linkbase | ||||
| Incorporated by Reference | ||||||
| Exhibit Number | Exhibit Description | Form | File No. | Exhibit | Filing Date | |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL document and included in Exhibit 101*) | |||||
| * | In accordance with Regulation S-T, the XBRL-related information in Exhibit 101 to this Annual Report on Form 10-K shall be deemed "furnished" and not "filed." | |||||
| ** | Constitutes management contract or compensatory plans | |||||
| † | Portions of this exhibit have been omitted pursuant to Item 601(b)(10)(iv) of Regulation S-K. | |||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.