<SEC-DOCUMENT>0001213900-20-021407.txt : 20200811
<SEC-HEADER>0001213900-20-021407.hdr.sgml : 20200811
<ACCEPTANCE-DATETIME>20200811161215
ACCESSION NUMBER:		0001213900-20-021407
CONFORMED SUBMISSION TYPE:	NT 10-Q
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20200630
FILED AS OF DATE:		20200811
DATE AS OF CHANGE:		20200811
EFFECTIVENESS DATE:		20200811

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SYNALLOY CORP
		CENTRAL INDEX KEY:			0000095953
		STANDARD INDUSTRIAL CLASSIFICATION:	STEEL PIPE & TUBES [3317]
		IRS NUMBER:				570426694
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		NT 10-Q
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-05200
		FILM NUMBER:		201092553

	BUSINESS ADDRESS:	
		STREET 1:		4510 COX ROAD
		STREET 2:		SUITE 201
		CITY:			RICHMOND
		STATE:			VA
		ZIP:			23060
		BUSINESS PHONE:		864-585-3605

	MAIL ADDRESS:	
		STREET 1:		4510 COX ROAD
		STREET 2:		SUITE 201
		CITY:			RICHMOND
		STATE:			VA
		ZIP:			23060

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BLACKMAN UHLER INDUSTRIES INC
		DATE OF NAME CHANGE:	19710510
</SEC-HEADER>
<DOCUMENT>
<TYPE>NT 10-Q
<SEQUENCE>1
<FILENAME>ea125373-nt10q_synalloy.htm
<DESCRIPTION>NOTIFICATION OF LATE FILING
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 32pt 0 0; text-align: center"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 12pt; margin-bottom: 3pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 32pt 0 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 32pt 0 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 32pt 0 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 32pt 0 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 32pt 0 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 32pt 0 0; text-align: center"><B>FORM 12b-25</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 32pt 0 0; text-align: center"><B>NOTIFICATION OF LATE FILING</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 23pt 0 88pt; text-indent: -83pt"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 9pt 0 0"><I>(Check one): </I><FONT STYLE="font-family: Wingdings">&uml;</FONT>
Form 10-K&nbsp;&nbsp; &nbsp;<FONT STYLE="font-family: Wingdings">&uml;</FONT> Form 20-F&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">&uml;</FONT> Form 11-K&nbsp;&nbsp;&nbsp;
<FONT STYLE="font-family: Wingdings">&thorn;</FONT> Form 10-Q &nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">&uml;</FONT> Form 10-D&nbsp;&nbsp;&nbsp; <FONT STYLE="font-family: Wingdings">&uml;</FONT>
Form N-SAR</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 23pt 7pt 0; text-indent: 0.5in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">&uml;
</FONT>Form N-CSR&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.15pt 185pt 0 99pt; text-indent: -27pt">For Period Ended: <U>June
30, 2020&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 3.15pt 185pt 0 99pt; text-indent: -23pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.15pt 185pt 0 99pt; text-indent: -27pt"><FONT STYLE="font-family: Wingdings">&uml;</FONT>
Transition Report on Form 10-K</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 1pt 272pt 0 0; text-indent: 1in"><FONT STYLE="font-family: Wingdings">&uml;</FONT>
Transition Report on Form 20-F</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 1pt 272pt 0 1in"><FONT STYLE="font-family: Wingdings">&uml;</FONT>
Transition Report on Form 11-K</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 1pt 272pt 0 1in"><FONT STYLE="font-family: Wingdings">&uml;</FONT>
Transition Report on Form 10-Q</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 1pt 272pt 0 1in"><FONT STYLE="font-family: Wingdings">&uml;</FONT>
Transition Report on Form N-SAR</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 1pt; margin-bottom: 0; margin-left: 1in"><FONT STYLE="font-size: 10pt">&#9;</FONT>For the
Transition Period Ended: ____________________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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    <TD STYLE="width: 100%; border: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 3pt 0 0; text-align: center"><B>Nothing in this form shall be construed
        to imply that the Commission has verified any information contained herein.</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 100%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.5pt 0 0 5pt">If the notification relates to a portion of the filing
        checked above, identify the Item(s) to which the notification relates:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0.5pt">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 7pt 5pt"><B>PART I - REGISTRANT INFORMATION</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 100%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>SYNALLOY CORPORATION</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; padding-left: 5pt; font-size: 10pt; text-align: center">Full Name of Registrant</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center">Former Name if Applicable</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center"><B>4510 Cox Road, Suite 201 </B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; padding-left: 5pt; font-size: 10pt; text-align: center">Address of Principal Executive Office <I>(Street and Number)</I></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center"><B>Richmond, VA 23060</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; font-size: 10pt; text-align: center">City, State and Zip Code</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.05pt"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>PART II - RULES 12b-25(b) AND (c)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.45pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 8pt 0.1in 5pt">If the subject report could not be filed without unreasonable
effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if
appropriate)</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD ROWSPAN="3" STYLE="width: 11%; border-right: Black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Wingdings">&uml;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 89%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 8pt 0 0.25in; text-indent: -0.25in">(a) The reason described in
        reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.15pt 185pt 2pt 0">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in; font-size: 10pt; text-indent: -0.25in">(b)&nbsp;&nbsp;The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.25in; font-size: 10pt; text-indent: -0.25in">(c)&nbsp;&nbsp;The accountant&rsquo;s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 3.2pt 0 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 3.2pt 0 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 3.2pt 0 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 3.2pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>PART III - NARRATIVE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.35pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">State below in reasonable detail why Forms
10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed
time period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The registrant is unable to file, without unreasonable
effort or expense, its Quarterly Report on Form 10-Q for the quarter ended June 30, 2020 (the &ldquo;Quarterly Report&rdquo;) by
the prescribed filing date for the reasons stated below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">During the quarter ended June 30, 2020, management
expended extensive time and effort connected with the proxy contest that culminated at its June 30, 2020 annual meeting of shareholders,
and simultaneously with the conclusion of the proxy contest, the registrant&rsquo;s former Chief Financial Officer announced his
resignation and the registrant thereafter undertook a transition to a new Chief Financial Officer effective July 1, 2020. The new
Chief Financial Officer took office just after the conclusion of the second quarter amid the unique circumstances noted in this
filing. The registrant needs more time to allow the new Chief Financial Officer to obtain comfort in the certifications she is
required to make with the Quarterly Report and to assess the internal controls surrounding the transition and regarding the matters
discussed in this filing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Additionally, the COVID-19 pandemic has had a devastating impact on
the global oil and gas industry, and particularly in the Permian Basin located in West Texas. Since it made the decision, effective
April 1, 2020, to suspend manufacturing operations at Palmer of Texas Tanks, Inc. (&ldquo;Palmer&rdquo;), the registrant has been
evaluating Palmer&rsquo;s prospects. As a result of that decision and related evaluation and potential disposition of Palmer&rsquo;s
assets, the registrant expects to recognize a material non-cash charge to impair certain of Palmer&rsquo;s assets and intangibles
for the quarter ended June 30, 2020. The registrant needs more time to complete its work on the amount of the impairment charges
referred to above to be included in the Quarterly Report. Furthermore, to address a technical default of the Fixed Charge Coverage
Ratio in its Credit Agreement with Truist Bank as of the quarter ended June 30, 2020, the registrant has an agreement in principle
with the bank to amend the definition of the Fixed Charge Coverage Ratio to include the non-cash charge related to the aforementioned
Palmer impairment in the numerator of the calculation for the quarter ended June 30, 2020 and for the directly following three
quarters after June 30, 2020. The registrant needs more time to finalize the written amendment to the Credit Agreement memorializing
that agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Circumstances in the Welded Pipe &amp; Tube reporting unit during
the second quarter of 2020 triggered a goodwill impairment analysis. As such, the registrant is conducting a goodwill impairment
analysis for the operations in that unit and needs more time to complete the analysis.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt">Finally, the registrant&rsquo;s Board of Directors has
engaged an independent law firm to investigate a complaint regarding, principally, the accounting treatment of Palmer and other
matters.&nbsp; As of the date of this filing, the independent law firm has not completed its investigation nor issued a formal
report to the Board of Directors.&nbsp; The registrant needs more time for the independent law firm to complete the investigation
and inform the Board of its findings prior to issuance of the Quarterly Report.&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Forward Looking Statements</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: justify">This Form 12b-25 contains forward-looking
statements within the meaning Section&nbsp;27A of the Securities Act of 1933, as amended, and Section&nbsp;21E of the Securities
Exchange Act of 1934, as amended (the &ldquo;Exchange Act&rdquo;), including, without limitation, the registrant&rsquo;s expectations
as to the filing of the Quarterly Report. These forward-looking statements involve risks and uncertainties, and actual results
could vary materially from these forward-looking statements. Factors that may cause future results to differ materially from management&rsquo;s
current expectations include the risk that the completion and filing of the Quarterly Report will take longer than expected and
the risk that the registrant will be unable to file the Quarterly Report within the extension period of 5 calendar days provided
under Rule 12b-25 of the Exchange Act. The registrant disclaims any obligation to update information contained in these forward-looking
statements whether as a result of new information, future events, or otherwise, except as required by law.&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-left: 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 7.65pt"><B>PART IV - OTHER INFORMATION</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="padding-left: 9pt; font-size: 10pt; text-indent: -9pt">(1) &nbsp;Name and telephone number of person to contact in regard to this notification</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="padding-left: 9pt; font-size: 10pt; text-indent: -9pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="text-align: center; width: 59%; border-bottom: Black 1pt solid; font-size: 10pt">Sally Cunningham</TD>
    <TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 11%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: center"><B>804</B></TD>
    <TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 28%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: center"><B>822-3267</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center">(Name)</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">(Area Code)</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">(Telephone Number)</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 3%">(2) </TD>
    <TD STYLE="width: 97%">Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of
1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant
was required to file such report(s) been filed ? If answer is no, identify report(s).&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#9745; &nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Yes&nbsp;
&#9744;&nbsp;No </FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>(3)</TD>
    <TD>Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject
report or portion thereof?&nbsp;&nbsp;&nbsp; &#9745; &nbsp;<FONT STYLE="font: 10pt Times New Roman, Times, Serif">Yes&nbsp; &#9744;&nbsp;No</TD></TR>
</TABLE>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-right: 5pt; margin-left: 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 5pt 0 0; text-align: justify">If so, attach an explanation of the
anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the
results cannot be made.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 5pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The registrant expects a decrease in the results
of operations for the second quarter of 2020 in comparison to the second quarter of 2019 primarily due to the suspension of manufacturing
operations at Palmer as disclosed in the registrant&rsquo;s Current Report on Form 8-K filed on April 2, 2020. The registrant&rsquo;s
net sales for the three months ended June 30, 2020 is expected to be approximately $66 million, as compared to $79 million for
the corresponding period in 2019. The registrant&rsquo;s gross profit (net sales less cost of sales) for the three months ended
June 30, 2020 is expected to be approximately $4 million, as compared to $8 million for the corresponding period in 2019. At this
time, the registrant is unable to further quantitatively describe the expected changes in its results of operations as compared
to the corresponding period for the last fiscal year due to the ongoing impairment analysis referred to in Part III above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The above financial data for the three months
ended June 30, 2020 is preliminary and has been prepared on the basis of currently available information. The registrant&rsquo;s
independent registered public accounting firm has not audited or reviewed, and does not express an opinion or any other form of
assurance with respect to, this data. This data does not constitute a comprehensive statement of the registrant&rsquo;s financial
results for the three months ended June 30, 2020, and the registrant&rsquo;s final numbers for this data may differ from these
estimates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.7pt 61pt 0 0; text-align: right">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>SYNALLOY CORPORATION</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-top: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 1.5pt 0 0 1pt; text-align: center">(Name of Registrant as Specified
        in Charter)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 1.5pt 5pt; text-align: center">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">has caused this notification to be signed on its behalf by the undersigned
        hereunto duly authorized.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 3.7pt 0 0 5pt"><I>&nbsp;</I></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 40%; border-bottom: Black 1pt solid; font-size: 10pt">Date:&nbsp;&nbsp;August 11, 2020</TD>
    <TD STYLE="width: 6%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 54%; border-bottom: Black 1pt solid; font-size: 10pt">By<B>: /s/ Sally M. Cunningham</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">Sally M. Cunningham</TD></TR>
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    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0">Senior Vice President and Chief Financial Officer</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">(principal accounting and financial officer)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 2pt">&nbsp;</P></TD></TR>
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