Welcome to our dedicated page for Greystone Logist SEC filings (Ticker: GLGI), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
This page is intended to provide access to U.S. Securities and Exchange Commission (SEC) filings for Greystone Logistics, Inc. (OTCQB: GLGI), a green manufacturing company that reprocesses recycled plastic and designs, manufactures, leases and sells 100% recycled plastic pallets. While no specific filings are listed in the provided data, investors typically look to SEC documents for detailed information on a company’s operations, financial condition and risk factors.
Stock Titan’s SEC filings tools are designed to help users review documents such as annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K when they are available from EDGAR. For a company like Greystone Logistics, these filings can offer more detail on its recycled plastic pallet operations, proprietary resin blends, injection molding and extrusion activities, patented pallet designs and leasing or sales arrangements.
When insider transaction reports on Form 4 are available, they can show purchases or sales of GLGI shares by officers, directors or significant shareholders. Proxy statements on Schedule 14A can provide information on governance matters and proposals submitted to shareholders.
On Stock Titan, SEC filings are updated in near real time as they are released on EDGAR. AI-powered summaries are used to highlight key points from lengthy documents, helping readers understand major topics such as business descriptions, risk factors, capital structure changes and notes related to programs like Greystone’s recycled plastic pallet initiatives. This allows users to navigate complex filings more efficiently while still being able to access the full original documents for detailed review.
Greystone Logistics, Inc. reported a sharp downturn for the quarter and six months ended November 30, 2025, driven by the loss of a major customer and lower production volumes. Six‑month sales fell to $18.5 million from $25.6 million, and the company swung to a net loss of $3.2 million versus modest income a year earlier, with gross margin nearly breaking even.
The lost customer historically represented about $30 million in annual sales, or roughly 55% of revenue, and sales to this customer were about $12 million through November 30, 2025. Management cut headcount by roughly 50% and stopped using temporary labor, and is trying to broaden the customer base while tightly managing costs, inventory and production.
The company’s accumulated deficit reached $30.8 million, and management disclosed substantial doubt about its ability to continue as a going concern. Debt was about $10.9 million, and its main lender agreed to convert term loans to interest‑only for 12 months and extend maturities to 2030 to support cash flow. Internal controls over financial reporting were deemed not effective due to limited accounting resources.
Greystone Logistics insider Warren Kruger, who serves as CEO, CFO, director and a more than 10% owner, reported buying additional company stock. On 12/22/2025, he acquired 17,500 shares of common stock at a price of $0.58 per share, coded as a purchase transaction. Following this trade, Kruger beneficially owns 8,884,354 shares of Greystone Logistics common stock in direct ownership.
Greystone Logistics, Inc. (GLGI)11/11/2025, a transaction coded "P" shows he acquired 5,000 shares of common stock at a price of $0.7061 per share. Following this transaction, Kruger is reported as beneficially owning 8,866,854 shares of Greystone Logistics common stock in direct ownership.
Greystone Logistics (GLGI) reported insider activity by a director, who purchased common stock across multiple dates. Transactions occurred from 05/20/2025 through 10/15/2025 at prices ranging from $1.1 to $1.31 per share.
Following these purchases, the reporting person beneficially owned 76,600 shares, held directly.
Greystone Logistics (GLGI) reported a first-quarter fiscal 2026 net loss as weaker volume pressured margins. Sales were $10.7 million for the three months ended August 31, 2025, down from $13.5 million a year ago (a 20% decline). Gross profit fell to $318,343 (3% of sales) from $1.9 million (14%), reflecting lower production against largely fixed manufacturing costs. Operating loss was $1.23 million compared with operating income of $0.82 million last year, and net loss was $1.10 million versus net income of $0.34 million.
Customer concentration remained high at 63% of sales. Despite the loss, operating cash flow was $1.91 million, ending cash at $2.34 million and working capital at $2.97 million. Long‑term debt, net, was $10.54 million, and the company reported approximately $3.63 million of available capacity on its IBC revolving loan. The company repurchased 89,876 shares for $123,147 in the quarter. Shares outstanding were 27,270,271 as of October 15, 2025.
Management concluded disclosure controls and procedures were not effective as of August 31, 2025 due to a material weakness in internal control over financial reporting.
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