Amendment: Broadwind Inc. filed SEC Form 8-K: Completion of Acquisition or Disposition of Assets, Financial Statements and Exhibits

Abilene sale Pro Forma true 0001120370 0001120370 2026-04-30 2026-04-30

 

 

 

 

(Amendment No. 1)

 

 

 

 

 

 

 

 

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As reported in a Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (“SEC”) by Broadwind, Inc.. (the “Company”) on May 6, 2026 (the “Original Form 8-K”), Broadwind Heavy Fabrications, Inc. (the “Seller”), a wholly owned subsidiary of the Company, entered into a Purchase and Sale Agreement (the “Purchase Agreement”) with Freeman Enclosure Systems, LLC, (the “Buyer”), a wholly-owned subsidiary of IES Holdings, Inc., pursuant to which the Seller sold the real property and certain assets contained therein which comprise the Seller’s production facility located in Abilene, Texas (the “Facility”, and the sale transaction, the “Transaction”).  As described in the original filing, the Transaction was the result of the Company’s decision in 2026 to make a strategic shift away from wind markets. The Company sold its Manitowoc, Wisconsin production facility on September 8, 2025, as further described in Item 2.01 of the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission (“SEC”) on September 10, 2025 (“Manitowoc Transaction” and, together with the Transaction, the “Strategic Transactions”). The Manitowoc Transaction resulted in the consolidation of the Company’s wind business in the Facility. In 2026, the Company further evaluated its strategy and determined that it would sell the Facility, resulting in the Company’s exit from the wind market.

 

This Current Report on Form 8-K/A (this “Amendment”) amends and supplements the Original Form 8-K to provide the historical and pro forma financial statements giving effect to the Strategic Transactions described in Item 9.01 below. No other modifications to the Original Form 8-K are being made by this Amendment. This Amendment should be read in connection with the Original Form 8-K,which provides a more complete description of the Transaction. 

 

 

(b)    Pro Forma Financial Information.

 

The unaudited pro forma condensed financial statements of the Company giving effect to the Strategic Transactions are attached hereto as Exhibit 99.1 and incorporated herein by reference.

 

The unaudited pro forma condensed consolidated financial statements are presented for informational purposes only and do not purport to represent what the Company’s financial position or results of operations would have been had the disposition occurred on the dates indicated, nor are they necessarily indicative of future financial position or results of operations.

 

(d)    Exhibits

 

 

 

 

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.

 

Date: May 7, 2026