form8k.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 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):
October
22, 2009
Modine
Manufacturing Company
Exact
name of registrant as specified in its charter
|
Wisconsin
|
|
1-1373
|
|
39-0482000
|
|
State
or other jurisdiction of incorporation
|
|
Commission
File Number
|
|
I.R.S.
Employer Identification Number
|
|
1500 DeKoven Avenue, Racine,
Wisconsin
|
53403
|
|
Address
of principal executive offices
|
Zip
Code
|
|
Registrant’s
telephone number, including area code:
|
(262)
636-1200
|
Check the
appropriate below if the Form 8-K filing is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following
provisions.
o Written
communications pursuant to Rule 425 under the Securities Act
o Soliciting
material pursuant to Rule 14a-12 under the Exchange Act
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act
INFORMATION TO BE INCLUDED
IN THE REPORT
|
Item
2.05
|
Costs
Associated with Exit or Disclosure
Activities.
|
On
October 22, 2009, Modine Manufacturing Company (the “Company”) announced its
plans to close its Harrodsburg, Kentucky manufacturing plant. The
decision to close the Harrodsburg plant was communicated to affected employees
on October 22, 2009. The Company expects the closure of the
Harrodsburg facility to be completed in six to nine months. This
action is part of the Company’s previously announced ongoing initiatives of its
strategic Four-Point Plan.
The
Company expects to incur approximately $3.1 million in charges over the closure
period, consisting of $1.8 million of employee-related costs and $1.3 of other
related costs. In addition, the Company anticipates some production
inefficiencies related to the transfer of existing programs to other
facilities. The Company expects cash-related expenditures for this
closure action to be approximately $3.8 million, which includes approximately
$0.7 million of capital expenditures related to these transfers.
This Form
8-K contains forward-looking statements as defined in the Private Securities
Litigation Reform Act of 1995 as indicated by the use of the word “expects.” The
Company’s actual results, performance or achievements may differ materially from
those expressed or implied in these statements, because of certain risks and
uncertainties, including, but not limited to, those described under “Risk
Factors” in Item 1A. in Part I. of the Company’s Annual Report on Form 10-K for
the year ended March 31, 2009 as revised by Exhibit 99.1 to the Company’s
Current Report on Form 8-K dated September 15, 2009.
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.
|
|
Modine Manufacturing
Company
|
|
|
|
|
|
|
|
|
By:
/s/ Thomas A.
Burke
|
|
|
Thomas
A. Burke
|
|
|
President
and Chief Executive Officer
|
|
|
|
|
|
|
|
|
By:
/s/ Margaret C.
Kelsey
|
|
|
Margaret
C. Kelsey
|
|
|
Vice
President – Corporate Development,
|
|
|
General
Counsel and Secretary
|
Date: October
26, 2009