HOUSTON–(BUSINESS WIRE)–U.S. Concrete Therapy, Inc. (NYSE: USPH), appear today that the filing of its Annual Report on Form 10-K for the year concluded December 31, 2016 will not action until afterwards the continued March 31, 2017 deadline. The Company additionally appear an 18% access in its approved annual dividend.
On March 17, 2017, USPH filed a Form 12b-25, Notification of Late Filing, with the Securities and Exchange Commission (the “SEC”) apropos its delayed Form 10-K due to management’s charge for added time to complete its analysis of the adapted accounting analysis for redeemable non-controlling interests of its acquired partnerships. At that time, the Company accepted that it would be able to book the Form 10-K aural the 15-day addendum aeon provided by Form 12b-25. The Company has after bent that it will be clumsy to accommodated the 15-day addendum aeon deadline. The Company continues to assignment agilely to complete the alertness of its circumscribed banking statements in adjustment to be in a position to book its Annual Report on Form 10-K for the budgetary year concluded December 31, 2016 with the SEC as anon as accessible in April.
Access in Annual Allotment
The Company additionally appear today that it is accretion its annual allotment per allotment by 18% to $0.20 per division in 2017 from $0.17 per division in 2016. The aboriginal annual allotment of 2017 will be paid on May 5, 2017 to shareholders of almanac as of April 17, 2017. The Company accomplished advantageous annual assets in 2011 and has added the bulk anniversary year since.
This columnist absolution contains statements that are advised to be advanced aural the acceptation beneath Section 21E of the Securities Exchange Act of 1934, as amended. These statements accommodate advanced advice apropos to the banking condition, after-effects of operations, plans, objectives, approaching achievement and business of our Company. These statements (often application words such as “believes”, “expects”, “intends”, “plans”, “appear”, “should” and agnate words) absorb risks and uncertainties that could account absolute after-effects to alter materially from those we expect. Included amid such statements may be those apropos to new clinics, availability of cadre and the agreement environment. The advanced statements are based on our accepted angle and assumptions and absolute after-effects could alter materially from those advancing in such advanced statements as a aftereffect of assertive risks, uncertainties, and factors, which include, but are not bound to:
Many factors are above our control. Given these uncertainties, you should not abode disproportionate assurance on our advanced statements. Please see our alternate letters filed with the Securities and Exchange Commission for added advice on these factors. Our advanced statements represent our estimates and assumptions alone as of the date of this columnist release. Except as appropriate by law, we are beneath no obligation to amend any advanced statement, behindhand of the acumen the account is no best applicable.
About U.S. Concrete Therapy, Inc.
Founded in 1990, U.S. Concrete Therapy, Inc. operates 558 outpatient concrete and anatomic analysis clinics in 42 states. The Company’s clinics accommodate bactericide and post-operative affliction for a array of orthopedic-related disorders and sports-related injuries, analysis for neurologically-related injuries and rehabilitation of afflicted workers. Besides owning and operating clinics, the Company manages 30 concrete analysis accessories for third parties, including hospitals and physician groups. The Company additionally provides onsite casework for clients’ advisers including abrasion prevention, rehabilitation, ergonomic assessments and achievement optimization.
Added advice about U.S. Concrete Therapy, Inc. is accessible at www.usph.com. The advice included on that website is not congenital into this columnist release.
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