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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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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):
JULY 20, 2006
GREYSTONE LOGISTICS, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
OKLAHOMA 000-26331 75-2954680
(STATE OR OTHER JURISDICTION (COMMISSION FILE NUMBER) (I.R.S. EMPLOYER
OF INCORPORATION) IDENTIFICATION NO.)
1613 E. 15TH, TULSA, OKLAHOMA 74120
(Address of principal executive offices) (Zip Code)
(918) 583-7441
(Registrant's telephone number, including area code)
NOT APPLICABLE
(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))
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ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
On July 20, 2006, the registrant issued a press release announcing
unaudited results for the fiscal year ended May 31, 2006. A copy of such press
release is furnished as Exhibit 99.1 hereto.
The information being furnished hereunder discloses EBITDA (earnings (loss)
before interest (including preferred dividends), taxes, depreciation (including
impairments and amortization)), a non-GAAP financial measure within the meaning
of Regulation G promulgated by the Securities and Exchange Commission. The
registrant believes that EBITDA is a useful measure of evaluating its financial
performance because of its focus on the registrant's results from operations
before interest, income taxes, depreciation and amortization. EBITDA is utilized
for internal analysis of the registrant. EBITDA is not a measure of financial
performance under generally accepted accounting principles ("GAAP") and should
not be considered in isolation or as an alternative to other financial measures
determined under GAAP. However, EBITDA is commonly used by investors, financial
analysts and rating agencies as an alternative measure of evaluating, comparing
and rating operating performance. EBITDA presented by the registrant may not be
comparable to similarly titled measures reported by other companies.
The information in this Form 8-K, including the exhibit attached
hereto, is being furnished pursuant to Item 2.02 of Form 8-K and shall not be
deemed "filed" for purposes of Section 18 of the Securities Exchange Act of
1934, nor shall it be incorporated by reference into any registration statement
filed by the registrant under the Securities Act of 1933, as amended, unless
specifically identified therein as being incorporated therein by reference.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
99.1 Press Release dated July 20, 2006.
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.
GREYSTONE LOGISTICS, INC.
Date: July 20, 2006 By: /s/ Warren Kruger
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Warren Kruger
Vice Chairman