Item 8.01 Other Events

Enservco Corporation (the “Company”) is relying on the order issued by the Securities and Exchange Commission (the “SEC”) on March 25, 2020 in SEC Release No. 34-88465 pursuant to the SEC’s authority under Section 36 of the Securities Exchange Act of 1934 (the “Exchange Act”) granting exemptions from certain provisions of the Exchange Act and the rules thereunder related to the reporting requirements for certain public companies, subject to certain conditions, to delay the filing of its definitive proxy statement for its 2020 annual meeting of shareholders (the “Proxy Statement”), including information required by Part III of Form 10-K that is to be incorporated by reference into the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019 (the “Part III Information”) and its quarterly report on Form 10-Q for the quarter ended March 31, 2020, which was originally due to be filed on or before May 15, 2020, (collectively, the “Reports”).

Since early March, the Company has been following the recommendations of state and local health authorities to minimize the COVID-19 exposure risk for its corporate team members, including restricting access to our physical offices.  These conditions have caused significant disruptions to the Company’s operations requiring key personnel to devote considerable time and resources to respond to the emerging impacts to the Company’s business, which limits their availability to complete the Reports and to effectively evaluate the subsequent events related to COVID-19. The office closures and work from home policy have in turn caused a delay in the completion of our Proxy Statement process and we are in the process of working on a remote basis to complete and file the Proxy Statement, including the Part III Information, as quickly as possible.  The Company anticipates filing its Proxy Statement with the Part III Information included on or before May 15, 2020. We currently expect that the Company’s 2020 annual meeting of shareholders will take place on June 26, 2020.  The Company anticipates filing the Form 10-Q for the quarter ended March 31, 2020 on or before May 29, 2020.

The Company is supplementing the risk factors previously disclosed on the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019 with the following risk factor:

Risks associated with the current uncertainty with respect to rapid expansion of the COVID-19 pandemic

          As of the date of this filing, in addition to the risk factors contained in the Company’s Annual Report on Form 10-K for the Year Ended December 31, 2019, the Company and its operations are subject to the following risk factor:

The current global spread of the COVID-19 virus has and is likely to continue to materially and adversely affect our results of operations, cash flows and financial condition for an indeterminate amount of time.

          The markets have experienced an unprecedented decline in oil prices in response to oil demand concerns due to the economic impacts of the COVID-19 pandemic. This has resulted and will continue to result in a very significant decrease in oil and gas well drilling, well operations and well maintenance. In turn we expect demand for our services to decrease dramatically. As demand for our products and services declines, the utilization of our assets and the prices we are able to charge our customers for our products and services will decline. The continued spread of COVID-19 and its after effects could result in further instability in the markets and decreases in commodity prices resulting in further adverse impacts on our results of operations, cash flows, and financial condition.

          In addition, the continued spread of the COVID-19 virus and the continuation of governmental measures to try to contain the virus, such as travel bans and restrictions, quarantines, shelter in place orders, and shutdowns, may further materially and adversely impact our workforce and operations, the operations of our customers leading to shut downs of oil and gas drilling, and those of our vendors and suppliers. There is considerable uncertainty regarding such measures and potential future measures, which could have a further material adverse effect on our results of operations, cash flows, and financial condition.