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FUEL TECH, INC. FILES (8-K) Disclosing Entry into a Material Definitive Agreement, Other Events, Financial Statements and Exhibits

May 1, 2014



Item 1.01 Entry into a Material Definitive Agreement.

Acquisition of Cleveland Roll Forming Environmental Division, Inc. d/b/a PECO

On April 28, 2014, Fuel Tech, Inc. ("Fuel Tech"), entered into and on April 30, 2014 closed a stock purchase agreement (the "Stock Purchase Agreement") with Lawrence E. Ekey, the sole shareholder ("Seller") of 100% of the capital stock ("Shares") of Cleveland Roll Forming Environmental Division, Inc. d/b/a PECO ("PECO"), an Ohio corporation. Pursuant to the Stock Purchase Agreement, PECO became a wholly owned subsidiary of Fuel Tech. Pursuant to the Stock Purchase Agreement, Fuel Tech paid to the Seller total cash consideration of $7.25 million. The Stock Purchase Agreement contains customary representations, warranties and indemnities.

PECO specializes in electrostatic precipitator (ESP) rebuilds, retrofits and associated products and services.

Item 8.01. Other Events.

On April 30, 2014, the Company issued a press release announcing the acquisition of Cleveland Roll Forming Environmental Division, Inc. d/b/a PECO, a copy of which is filed as Exhibit 99.1 to this report.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits: The following exhibits are filed as part of this report:

Exhibit No. Description 99.1 Press Release, dated April 30, 2014.



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Source: Edgar Glimpses


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