# EDGAR Filing Document

**Accession Number:** 0000090168
**File Stem:** 0000090168-23-000011
**Filing Date:** 2023-2
**Character Count:** 9638
**Document Hash:** e4c1d0385160d3cc88664b51a3441693
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000090168-23-000011.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0000090168-23-000011

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20230222

**ITEM INFORMATION**: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SIFCO INDUSTRIES INC
- **CENTRAL INDEX KEY:** 0000090168
- **STANDARD INDUSTRIAL CLASSIFICATION:** AIRCRAFT ENGINES & ENGINE PARTS [3724]
- **IRS NUMBER:** 340553950
- **STATE OF INCORPORATION:** OH
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-05978
- **FILM NUMBER:** 23685002

**BUSINESS ADDRESS:**
- **STREET 1:** 970 E 64TH ST
- **CITY:** CLEVELAND
- **STATE:** OH
- **ZIP:** 44103
- **BUSINESS PHONE:** 2168818600

**MAIL ADDRESS:**
- **STREET 1:** 970 EAST 64TH STREET
- **CITY:** CLEVELAND
- **STATE:** OH
- **ZIP:** 44103

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** STEEL IMPROVEMENT & FORGE CO
- **DATE OF NAME CHANGE:** 19690520

?xml version="1.0" ? sif-20230222

**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)** – February 22, 2023

**SIFCO Industries, Inc.**

**(Exact name of registrant as specified in its charter)**

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| | | |
|:---|:---|:---|
| **Ohio** | **1-5978** | **34-0553950** |
| **(State or other jurisdiction**<br>**of incorporation)** | **(Commission**<br>**File Number)** | **(IRS Employer**<br>**Identification No.)** |
| **970 East 64th Street, Cleveland Ohio** | **970 East 64th Street, Cleveland Ohio** | **44103** |
| **(Address of principal executive offices)** | **(Address of principal executive offices)** | **(ZIP Code)** |

---

**Registrant's telephone number, including area code: (216) 881-8600**

**N.A.**

**(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))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Securities registered pursuant to Section 12(b) of the Act:**

Title of each class Trading Symbol(s) Name of each exchange on which registered <br> Common Shares SIF NYSE American

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| | |
|:---|:---|
| **Item 3.01** | **Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.** |

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On February 22, 2023, SIFCO Industries, Inc. (the "Company" or "SIFCO") received a notice from the NYSE American LLC (the "NYSE American") indicating that, due to the delay in the filing of its Quarterly Report on Form 10-Q for the period ended December 31, 2022 (the "Form 10-Q") (as reported on the Form 12b-25 filed by the Company on February 14, 2023), the Company is not in compliance with the continued listing standards of the NYSE American and is subject to the procedures and requirements set forth in Section 1007 of the NYSE American Company Guide. The Company expects to complete the preparation, review and filing of the Form 10-Q within the timeframe prescribed under Section 1007 of the NYSE American Company Guide.

On February 28, 2023, SIFCO issued a press release announcing the receipt of the NYSE notice, which press release is filed herewith as Exhibit 99.1.

The Company continues to progress on data recovery and restoration from the cyber incident. Fiscal second quarter production will be negatively impacted due to system constraints during the recovery; however, the Company is continuing to meet customer needs.

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| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits.** |

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(d) Exhibits

<u>[99.1 Press Release by the Company regarding the NYSE American notice dated February 22, 2023.](sifco-ex991pressreleasexla.htm)</u>

104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

**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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| | |
|:---|:---|
| | SIFCO Industries, Inc. |
| | (Registrant) |
| Date: February 28, 2023 | |
| | /s/ Thomas R. Kubera |
| | Thomas R. Kubera |
| | Chief Financial Officer |
| | (Principal Financial Officer) |

---

&nbsp;&nbsp;&nbsp;&nbsp;

## Exhibit 99.1

**SIFCO Industries, Inc. Received Notice of Non-Compliance with NYSE AMERICAN Continued Listing Requirements**

Cleveland– SIFCO Industries, Inc. (NYSE American: SIF) (the "Company" or "SIFCO") received a notice on February 22, 2023 from the NYSE American LLC ("NYSE American") indicating that, due to the delay in the filing of its Quarterly Report on Form 10-Q for the period ended December 31, 2022 (the "Form 10-Q"), the Company is not in compliance with the continued listing standards of the NYSE American, and is subject to the procedures and requirements set forth in Section 1007 of the NYSE American Company Guide. Under the applicable provisions of the NYSE American Company Guide, until SIFCO files its Form 10-Q, its common stock will remain listed on the NYSE American under the symbol "SIF," but will be assigned an ".LF" indicator to indicate late filing status. Five business days following the receipt of this noncompliance notice, SIFCO will be added to the list of NYSE American noncompliant issuers on the website and the indicator will be disseminated with the Company's ticker symbol. The indicator will be removed once the Company has regained compliance with all applicable listing standards.

As noted in the Form 12b-25 filed on February 14, 2023, SIFCO has experienced delays in obtaining and compiling the information required in order to complete the preparation of its financial statements to be included in its Quarterly Report on Form 10-Q for the period ended December 31, 2022. This is primarily attributable to information access limitations experienced due to the cyber incident that occurred on December 30, 2022 (the "Cyber Incident") and was reported by the Company on Form 8-K filed with the Securities and Exchange Commission on January 6, 2023 and further described by the Company on Form 8-K filed with the Securities and Exchange Commission on February 10, 2023. Accordingly, the Company was not able to complete the timely preparation, review and filing of its Form 10-Q for the quarter ended December 31, 2022 within the prescribed time period without unreasonable effort or expense.

In order to maintain its listing, SIFCO will have a six-month period from February 22, 2023 to regain compliance with Section 1007 of the NYSE American Company Guide. The Company will be monitored by the NYSE American during this time, and the NYSE American will initiate delisting procedures if deemed appropriate.

The Company expects to complete the preparation, review and filing of the Form 10-Q within the timeframe prescribed under Section 1007 of the NYSE American Company Guide.

**<u>Forward-Looking Language</u>**

Certain statements contained in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future business development activities, and are thus prospective. Such forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to, economic conditions, competition and other uncertainties detailed from time to time in the Company's Securities and Exchange Commission filings.

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The Company's Form 10-K for the year ended September 30, 2022 and other reports filed with the Securities & Exchange Commission can be accessed through the Company's website: <u>www.sifco.com</u>, or on the Securities and Exchange Commission's website: <u>www.sec.gov</u>.

SIFCO Industries, Inc. is engaged in the production of forgings and machined components primarily for the aerospace and energy markets. The processes and services include forging, heat-treating, coating, and machining.

  

**Contacts**

SIFCO Industries, Inc.

Thomas R. Kubera, 216-881-8600

www.sifco.com

<br>