-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, AJDB5M59m+s/4RU6t4iz4dfcZKWzgquDnlvppSZgkk16aeNWmLc++PipgEIoDJFH v6nQaypa+059H5A+KZqzPQ== 0001157523-07-010618.txt : 20071102 0001157523-07-010618.hdr.sgml : 20071102 20071101175515 ACCESSION NUMBER: 0001157523-07-010618 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20071031 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20071102 DATE AS OF CHANGE: 20071101 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Spectrum Brands, Inc. CENTRAL INDEX KEY: 0001028985 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690] IRS NUMBER: 222423556 STATE OF INCORPORATION: WI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13615 FILM NUMBER: 071208006 BUSINESS ADDRESS: STREET 1: 6 CONCOURSE PARKWAY STREET 2: SUITE 3300 CITY: ATLANTA STATE: GA ZIP: 30328 BUSINESS PHONE: 7708296200 MAIL ADDRESS: STREET 1: 6 CONCOURSE PARKWAY STREET 2: SUITE 3300 CITY: ATLANTA STATE: GA ZIP: 30328 FORMER COMPANY: FORMER CONFORMED NAME: RAYOVAC CORP DATE OF NAME CHANGE: 19961213 8-K 1 a5535430.txt SPECTRUM BRANDS, INC. 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: October 31, 2007 ------------------------------------------ (Date of earliest event reported) SPECTRUM BRANDS, INC. ---------------------------------------------------------------- (Exact Name of Registrant as Specified in Charter) Wisconsin 001-13615 22-2423556 - ---------------------------- --------------------- ------------------- (State or other Jurisdiction (Commission File No.) (IRS Employer of Incorporation) Identification No.) Six Concourse Parkway, Suite 3300, Atlanta, Georgia 30328 (Address of principal executive offices, including zip code) (770) 829-6200 ---------------------------------------------------- (Registrant's telephone number, including area code) N/A ------------------------------------------------------------- (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions: |_| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ITEM 8.01. OTHER EVENTS On October 31, 2007, Spectrum Brands, Inc. announced that it has completed the sale of the Canadian division of its Home & Garden business segment. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K. Item 9.01. FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits 99.1 Press Release dated October 31, 2007 issued by Spectrum Brands, Inc. 2 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. Date: October 31, 2007 SPECTRUM BRANDS, INC. By: /s/ Anthony L. Genito --------------------- Name: Anthony L. Genito Title: Executive Vice President and Chief Financial Officer EXHIBIT INDEX Exhibit Description - ------- ----------- 99.1 Press Release dated October 31, 2007 issued by Spectrum Brands, Inc. EX-99.1 2 a5535430ex991.txt EXHIBIT 99.1 Exhibit 99.1 Spectrum Brands Completes Sale of Canadian Home & Garden Division ATLANTA--(BUSINESS WIRE)--Nov. 1, 2007--Spectrum Brands (NYSE:SPC) today announced that it has completed the sale of the Canadian division of its Home & Garden business segment, which operates under the name Nu-Gro. Net proceeds from the sale will be utilized to reduce Spectrum Brands' outstanding debt balance. The company currently estimates that its FY 2008 peak seasonal borrowing needs will be reduced by approximately $45 million as a result of cash proceeds from the transaction and the elimination of the working capital requirement for the Canadian Home & Garden business in the 2008 lawn and garden selling season. In addition, the company reiterated its commitment to further reducing outstanding indebtedness and leverage through the sale of assets. About Spectrum Brands, Inc. Spectrum Brands is a global consumer products company and a leading supplier of batteries, lawn and garden care products, specialty pet supplies, shaving and grooming products, household insect control products, personal care products and portable lighting. Spectrum Brands' products are sold by the world's top 25 retailers and are available in more than one million stores in more than 120 countries around the world. Headquartered in Atlanta, Georgia, Spectrum Brands generated FY2006 revenue of $2.5 billion. The company's stock trades on the New York Stock Exchange under the symbol SPC. CONTACT: Spectrum Brands Investor Contact: Nancy O'Donnell, 770-829-6208 VP Investor Relations or Sard Verbinnen & Co for Spectrum Brands Media Contact: Jamie Tully or Victoria Hofsted, 212-687-8080 -----END PRIVACY-ENHANCED MESSAGE-----