Business Context and Reporting Period
This Form 8-K Current Report covers the period ending May 24, 2016, for Orion Group Holdings, Inc. (formerly Orion Marine Group, Inc.). The filing primarily addresses a corporate name change approved by the Board of Directors on May 19, 2016, and effective May 20, 2016. The name change was implemented to better reflect the Company's operating profile following the August 2015 acquisition of a commercial concrete construction company.
Financial Metrics
This filing does not contain financial statements, revenue figures, profit data, cash flow information, margins, debt levels, or liquidity metrics. The document is a current report regarding corporate governance and nomenclature changes rather than a periodic financial report.
Material Changes
- Corporate Name: The Company changed its name from Orion Marine Group, Inc. to Orion Group Holdings, Inc.
- Legal Documentation: An amendment to the Amended and Restated Certificate of Incorporation was filed with the Delaware Secretary of State on May 20, 2016. An amendment to the Amended and Restated Bylaws was also adopted effective May 20, 2016.
- Stock Trading: The Company's common stock continues to trade on the New York Stock Exchange under the symbol "ORN". The CUSIP number remains unchanged.
Guidance, Outlook, and Risks
The filing does not provide financial guidance, future outlook, management commentary on operations, or specific risk factors. It notes that the information contained in the press release (Exhibit 99.1) is furnished and not deemed "filed" for purposes of Section 18 of the Exchange Act, nor is it incorporated by reference into other registration statements.
Key Facts for Investor Verification
- Verify the effective date of the name change (May 20, 2016) in corporate registries.
- Confirm that the stock ticker symbol remains "ORN" on the NYSE.
- Review the attached Certificate of Amendment (Exhibit 3.1) and Bylaw Amendment (Exhibit 3.2) for specific legal language regarding the name change.
- Note that this filing does not disclose financial performance; investors should refer to the most recent 10-K or 10-Q for financial data.