Material Impairment

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549   FORM 8-K/A (Amendment No. 1)   CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 24, 2018   CECO Environmental Corp. (Exact Name of registrant as specified in its charter)     Delaware   000-7099   13-2566064 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)   14651 North Dallas Parkway Dallas, TX   75254 (Address of principal executive offices)   (Zip Code) Registrant’s telephone number, including area code: (513) 458-2600   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) ☐ 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 .   ☐ EXPLANATORY NOTE As of November 30, 2018, CECO Environmental Corp. (the “Company”) has completed the sale of its Zhongli business (the “Zhongli business”) pursuant to the terms of the previously announced purchase and sale agreement (the “Agreement”). On October 29, 2018, the Company filed with the Securities and Exchange Commission a Current Report on Form 8-K (the “Original Form 8-K”) relating to the entry into the Agreement and a related accounting charge that the Company would be required to record as a result of the entry into the Agreement. The Company intended to file the information contained in the Original Form 8-K under Item 2. 06, Material Impairments. However, the Company inadvertently filed the information contained in the Original Form 8-K under Item 2.01, Completion of Acquisition or Disposal of Assets.   Accordingly, this amendment to the Original Form 8-K is being filed solely to correct the Item under which the information in the Original Form 8-K is filed. The Original Form 8-K remains unchanged. Item 2.06. Material Impairments. On October 24, 2018, CECO Environmental Corp. (the “Company”), through two of its subsidiaries (“Seller”), and Jiangsu Zhongli Environmental Technology Co., Ltd (the “Purchaser”) entered into a purchase and sale agreement (the “Agreement”). Pursuant to the terms of the Agreement, the Purchaser has agreed to acquire the Company’s Zhongli business (the “Zhongli Business”). The closing of the transaction is expected to occur in the next 90 days, subject to customer closing conditions and Chinese regulatory approvals. As a result of the Company’s entry into the Agreement, under United States generally accepted accounting principles, the Zhongli Business will be classified as “held for sale” in our third quarter financial statements. Accordingly, the Company will be required to record the assets related to the Zhongli Business at fair value, less an amount of estimated sale costs. The Company currently estimates that recording the assets related to the Zhongli Business at fair value will result in a charge of approximately $15 million in the third quarter. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.   CECO Environmental Corporation By:   /s/ Matthew Eckl   Matthew Eckl   Chief Financial Officer Date: December 11, 2018