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: April 24, 2019
Tempus Applied Solutions Holdings, Inc.
(Exact name of registrant as specified in its charter)
Delaware |
| 333-201424 |
| 47-2599251 |
(State or other jurisdiction |
| (Commission File Number) |
| (IRS Employer |
700 Corporate Drive, Suite D, Newport News, Virginia |
| 23602 |
(Address of principal executive offices) |
| (Zip Code) |
Registrant’s telephone number, including area code: (757) 870-4654
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:
☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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☐ | 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 X
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. ☐
Item 1.01: Entry into a Material Definitive Agreement.
TRISTAR AIR LLC, A TEMPUS APPLIED SOLUTIONS INC. SUBSIDIARY, HAS BEEN AWARDED WITH AN AIR TO AIR REFUELLING CONTRACT WITH THE U.S. DEPARTMENT OF DEFENSE
THE CONTRACT VALUE IS $121 MILLION OVER A 5 YEAR PERIOD.
NEWPORT NEWS | APRIL 24, 2019 – TriStar Air LLC, a subsidiary of Tempus Applied Solutions Holdings, INC. has been awarded a $121,425,707 indefinite-delivery/indefinite-quantity task order contract for aerial refueling services in support of the Department of the Navy, other Department of Defense agencies, and Foreign Military Sales customers. According to the U.S. Department of Defense announcement, no funds are being obligated at the time of award, funds will be obligated on individual orders as they are issued. Customary for government contracts, there will be a working capital requirement for which the company will require third party funding and/or shareholder funding. Furthermore, there will be a capital requirement for getting the aircraft mission ready, for which the company will require third party funding and/or shareholder funding. The contract was awarded in a competitive procurement process and in accordance with existing rules and regulations for U.S. Government contracting, an award can be protested by the other offerors.
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.
| TEMPUS APPLIED SOLUTIONS HOLDINGS, INC. | |
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Date: April 24, 2019 | By: | /s/ Johan Aksel Bergendorff |
| Name: | Johan Aksel Bergendorff |
| Title: | Chief Financial Officer |
FORWARD LOOKING STATEMENTS:
This communication contains forward-looking statements that involve a number of judgments, risks and uncertainties concerning Tempus Applied Solutions Holdings Inc., its subsidiaries and their expected financial and operating performance and plans. Actual events or results could differ materially from those described or implied herein, including as a result of risks described in reports filed with the Securities and Exchange Commission by Tempus Applied Solutions Holdings Inc., and other risks and uncertainties. We do not undertake any obligation to update any forward-looking statements to reflect events or results after the date they were made, whether as a result of new information, new circumstances or otherwise, except as may be required under applicable laws.
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