MarkWest Hydrocarbon Receives Notice From Amex
27 Aprile 2005 - 12:27AM
PR Newswire (US)
MarkWest Hydrocarbon Receives Notice From Amex DENVER, April 26
/PRNewswire-FirstCall/ -- MarkWest Hydrocarbon, Inc. (AMEX:MWP),
today announced that on April 20, 2005, it received a warning
letter from the American Stock Exchange ("AMEX") advising that the
Company is not in compliance with the AMEX requirements as set
forth in Section 1101 of the AMEX Company Guide for failure to file
with the Securities and Exchange Commission (the "SEC") its Annual
Report on Form 10-K for year ended December 31, 2004 by the
prescribed filing deadline. The warning letter gives the Company
until May 16, 2005 to regain compliance with the AMEX requirements.
On April 1, 2005, the Company filed a Form 12b-25 with the SEC,
extending the deadline for filing its Form 10-K until April 15,
2005. On April 15, 2005, the Company issued a press release and
filed a Current Report on Form 8-K with the SEC reporting that the
completion and filing of the 2004 Annual Report on Form 10-K would
be delayed as a result of the Company's consolidated subsidiary,
MarkWest Energy Partners, L.P. (the "Partnership"), having not yet
filed its 2004 Annual Report on Form 10-K with the SEC, as well as
due to the Company determining that previously issued financial
information for the fiscal years 2002 and 2003 and the first three
quarters of fiscal years 2004 and 2003 should be restated to
reflect compensation expense for its sale of subordinated
Partnership units and interests in the Partnership's General
Partner, to certain of its directors and officers from 2002 through
2004. The Company is devoting substantial resources and working
with its outside auditors to complete and file the Annual Report on
Form 10-K for year ended December 31, 2004, and in conjunction
therewith the restatements for its consolidated financial
statements as of December 31, 2003 and for the years ended December
31, 2003 and December 31, 2002 to reflect the compensation expense
adjustments discussed above, as soon as reasonably possible and to
restore its compliance with the AMEX requirements. MarkWest
Hydrocarbon, Inc. (AMEX:MWP) controls and operates MarkWest Energy
Partners, L.P. (AMEX:MWE), a publicly-traded limited partnership
engaged in the gathering, processing and transmission of natural
gas; the transportation, fractionation and storage of natural gas
liquids; and the gathering and transportation of crude oil. We also
market natural gas and NGLs. This press release includes
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. All statements other
than statements of historical facts included or incorporated herein
may constitute forward-looking statements. Although we believe that
the expectations reflected in the forward-looking statements are
reasonable, we can give no assurance that such expectations will
prove to be correct. The forward-looking statements involve risks
and uncertainties that affect our operations, financial performance
and other factors as discussed in our filings with the Securities
and Exchange Commission. Among the factors that could cause results
to differ materially are those risks discussed in our Form 10-K for
the year ended December 31, 2003, and our Forms 10-Q for 2004, as
filed with the SEC. DATASOURCE: MarkWest Hydrocarbon, Inc. CONTACT:
Frank Semple, President & CEO, or Jim Ivey, CFO, or Andy
Schroeder, VP and Treasurer, all of MarkWest Hydrocarbon, Inc.,
+1-303-290-8700, Web site: http://www.markwest.com/
Copyright
Grafico Azioni Markwest Hydrocarbon (AMEX:MWP)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Markwest Hydrocarbon (AMEX:MWP)
Storico
Da Lug 2023 a Lug 2024
Notizie in Tempo Reale relative a Markwest Hydrocarbon, (Borsa Americana (AMEX)): 0 articoli recenti
Più Markwest Hydrocarbon, Articoli Notizie