Item 8.01 Other Events
On February 10, 2012, the Board of Directors, unanimously determined to cease all operations and shut down the Company because it is not feasible for the Company to pursue its plan to re-enter the drywall recycling business as described in previous filings. The decision was based in part on the state of the housing market in the northwest and the amount of drywall scrap available, the overall economy and economic outlook, the lack of capital to build and sustain operations, and the termination of the lease with the Port of Ridgefield for the Company facility. The facility leased from the Port of Ridgefield is scheduled to be demolished in early 2012 as part of an environmental reclamation project and the lease will be terminated effective March 1, 2012.
As a result, the Company will not have any operations, has no immediate plans to create any operations and will be shut-down. The Company will cease filing periodic reports with the Securities and Exchange Commission.
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.
DRS, Inc.
Dated: February 14, 2012
By:
/s/ Daniel R. Mendes
Daniel R. Mendes
President
News 
Market Data 
Discover 
