Unassociated Document
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): October 21, 2008
ARGYLE
SECURITY, INC.
(Exact
Name of Registrant as Specified in Charter)
|
Delaware
|
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000-51639
|
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20-3101079
|
|
(State
or Other Jurisdiction
of
Incorporation)
|
|
(Commission
File
Number)
|
|
(IRS
Employer
Identification
No.)
|
|
200
Concord Plaza, Suite 700
San
Antonio, TX
|
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78216
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|
(Address
of Principal Executive Offices)
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|
(Zip
Code)
|
Registrant’s
telephone number, including area code: (210)
828-1700
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 (see General Instruction A.2. below):
o
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o
Soliciting
material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item
2.02 Results of Operations and Financial Condition.
On
October 21, 2008, Argyle Security, Inc., a Delaware corporation (the “Company”)
issued a press release providing revised guidance for its financial results
for
the full year 2008. The Company announced that although pro forma revenues
are
expected to be within the previously forecasted guidance range of $128 to $142
million, EBITDA is now expected to be below the previously expected amount
of
approximately 7% for the full-year 2008, and the EBITDA margin run rate is
expected to be significantly lower than the previous estimate of 9 to 10% in
the
second half of 2008, due to increased costs for raw materials as well as
significant cost increases on a number of projects in the Argyle Corrections
Group. A copy of the press release is filed as Exhibit 99.1 hereto.
Item
9.01 Financial
Statements and Exhibits.
Exhibit
No. Description
99.1 Press
release dated
October 21, 2008.
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.
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ARGYLE SECURITY,
INC. |
|
|
|
| Date:
October 21, 2008 |
By: |
/s/ Donald
F.
Neville |
| |
Name:
Donald F. Neville |
| |
Title:
Chief Financial Officer |