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) September 10, 2007
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PERMA-FIX ENVIRONMENTAL SERVICES, INC.
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(Exact name of registrant as specified in its charter)
Delaware 1-11596 58-1954497
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(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation)
8302 Dunwoody Place, Suite 250, Atlanta, Georgia 30350
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (770) 587-9898
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Not applicable
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(Former name or former address, if changed since last report)
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):
|_| Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Section 8 - Other Events
Item 8.01 - Other Events
On September 10, 2007, we entered into two separate letters of
intent ("LOIs") to sell a major portion of our Industrial Segment to
Triumvirate Environmental, Inc. ("purchaser"). One of the LOIs
covers the sale of assets of Perma-Fix of Maryland, Perma-Fix of
Fort Lauderdale, and Perma-Fix of Orlando for approximately $12.0
million, plus assumption by the purchaser of certain liabilities of
these companies, and the second LOI covers the sale of the assets of
Perma-Fix of South Georgia for approximately $1.1 million, plus
assumption of certain liabilities. The purchase price under both
LOIs is subject to adjustment under certain conditions.
Both LOIs are subject to the purchaser completing its due diligence,
the parties entering into a definitive purchase agreement and the
approval by each of the parties' Boards of Directors.
We have also entered into a letter of intent to sell the Perma-Fix
Treatment Services, Inc. facility, located in Tulsa, Oklahoma, which
is also within our Industrial Segment, to the Amerex Group, Inc.
Under this letter of intent Amerex will pay to us $2.2 million and
assume certain liabilities of Perma-Fix Treatment. The purchase
price is subject to adjustment under certain conditions. This letter
of intent is subject to the Amerex completing its due diligence, the
parties entering into a definitive purchase agreement and approval
by the Board of Directors of each of the parties.
SIGNATURES
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
hereunto duly authorized.
PERMA-FIX ENVIRONMENTAL SERVICES, INC.
Dated: September 12, 2007 By: /s/ Steven Baughman
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Steven Baughman
Vice President and
Chief Financial Officer