-----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, DMj/2qgR7Z4ZN4nJLUbDxW7sgncoy4iIkXxzqpOcIsUP9tTXNkPEOeYEyJFfkq9T yycY50QQB+taJkVxUg79FA== 0001135428-03-000067.txt : 20030205 0001135428-03-000067.hdr.sgml : 20030205 20030205134208 ACCESSION NUMBER: 0001135428-03-000067 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20030129 ITEM INFORMATION: Other events FILED AS OF DATE: 20030205 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WEST PHARMACEUTICAL SERVICES INC CENTRAL INDEX KEY: 0000105770 STANDARD INDUSTRIAL CLASSIFICATION: FABRICATED RUBBER PRODUCTS, NEC [3060] IRS NUMBER: 231210010 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08036 FILM NUMBER: 03540218 BUSINESS ADDRESS: STREET 1: 101 GORDON DR STREET 2: P O BOX 645 CITY: LIONVILLE STATE: PA ZIP: 19341-0645 BUSINESS PHONE: 6105942900 MAIL ADDRESS: STREET 1: 101 GORDON DRIVE STREET 2: PO BOX 645 CITY: LIONVILLE STATE: PA ZIP: 19341-0645 FORMER COMPANY: FORMER CONFORMED NAME: WEST CO INC DATE OF NAME CHANGE: 19990405 8-K 1 wp_8k.txt =============================================================================== 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 earliest event reported: January 29, 2003 WEST PHARMACEUTICAL SERVICES, INC. (Exact name of registrant as specified in charter) Pennsylvania 1-8036 23-1210010 (State of Incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 101 Gordon Drive, P.O. Box 645, Lionville, Pennsylvania 19341-0645 (Address of Principal Executive Offices) (Zip Code) (610) 594-2900 (Registrant's telephone number, including area code) N/A (Former name or former address, if changed since last report) =============================================================================== Item 5. Other Events. On January 29, 2003, January 30, 2003 and February 4, 2003, West Pharmaceutical Services, Inc. (the "Company") issued press releases relating to an incident on January 29, 2003 at the Company's Kinston, North Carolina plant. The press releases issued in connection with this incident are filed as exhibits 99.1, 99.2 and 99.3, respectively, to this report and are incorporated herein by reference. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. (c) Exhibits: Exhibit # Description 99.1 Press Release dated January 29, 2003 99.2 Press Release dated January 30, 2003 99.3 Press Release dated February 4, 2003 SIGNATURE 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, thereunto duly authorized. WEST PHARMACEUTICAL SERVICES, INC. Date: February 5, 2003 By: /s/ J.R. Gailey ------------------------ Name: John R. Gailey III Title: Vice President EXHIBIT INDEX 99.1 Press Release dated January 29, 2003 99.2 Press Release dated January 30, 2003 99.3 Press Release dated February 4, 2003 EX-99.1 3 ex-991.txt Exhibit 99.1 West Pharmaceutical Services Comments on Plant Explosion LIONVILLE, Pa.--Jan. 29, 2003--West Pharmaceutical Services, Inc. (NYSE: WST) confirms that an explosion of unknown origin has occurred today at its manufacturing plant on Rouse Road in Kinston, North Carolina. The facility employs 255 people and is used to manufacture syringe plungers and intravenous (IV) fitments used for drug delivery systems and compounds rubber materials for distribution to other West manufacturing locations. According to Don Morel, President and Chief Executive Officer, West Pharmaceutical Services, "We are obviously stunned by the news of this incident at our Kinston facility. Our overriding concern lies with the well-being and safety of our employees, their loved ones and the surrounding community. We are in the process of gathering information and will issue a more comprehensive statement when we have the facts to share." After speaking with West officials today, the New York Stock Exchange temporarily suspended trading of West stock. No information on the reopening of trading is currently available. Based at West's international headquarters in Lionville, Pennsylvania, Morel and a company crisis management team are traveling immediately to the Kinston facility to guide West's continuing response to the incident. About West Pharmaceutical Services West Pharmaceutical Services, Inc. (NYSE: WST) is a global drug delivery technology company that applies proprietary materials science, formulation research and manufacturing innovation to advance the quality, therapeutic value, development speed and rapid market availability of pharmaceuticals, biologics, vaccines and consumer healthcare products. West is the world's premiere provider of standard-setting systems and device components for parenterally administered medicines and an emerging leader in the development of advanced formulation technologies for the transmucosal delivery of drugs. Internationally headquartered in Lionville, Pennsylvania, West supports its partners and customers from 50 locations throughout North America, South America, Europe, Mexico, Japan, Asia and the Pacific and Australia. For more information visit West at www.westpharma.com. Certain statements contained in this Press Release that are not historical are "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The words "estimate," "expect," "intend", "believe" and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. The Company's actual results may differ materially from those expressed in any forward looking statement and are dependent on a number of factors including, but not limited to: sales demand, timing of customers' projects; successful development of proprietary drug delivery technologies and systems; negotiation and timing of execution of technology licensing agreements for the continued development and marketing of drug delivery products; regulatory approval for, and licensee and market acceptance of, products based on drug delivery technologies; competitive pressures; the strength or weakness of the U.S. dollar; variability of pension income; interest-rate fluctuations; inflation; the cost of raw materials; the availability of credit facilities; and statutory tax rates. EX-99.2 4 ex-992.txt Exhibit 99.2 West Pharmaceutical Services Provides Update on Plant Explosion LIONVILLE, Penn.--Jan. 30, 2003--Don Morel, President and Chief Executive Officer, West Pharmaceutical Services, Inc. (NYSE: WST) provides the following update on the explosion of unknown origin that occurred yesterday at its pharmaceutical rubber manufacturing plant on Rouse Road in Kinston, North Carolina. The facility employs 255 people and is used by West to manufacture syringe plungers and intravenous (IV) components and compounds rubber materials for use in West facilities throughout the United States. Kinston is one of West's five U.S. rubber compounding facilities, and one of ten worldwide. "The worldwide West family sends its thoughts and prayers to the victims of this devastating incident, as well as to their families and loved ones," Morel said. "We deeply appreciate the outpouring of offers of support and help from people far and wide, and the continuing efforts of the rescue and recovery teams. Our primary focus right now is helping those in need, restoring safety to the area and working with federal, state and local officials to identify the root cause of this situation." Injury Toll "To date, our understanding is that three employees have been confirmed dead with 27 others injured, including eight in critical condition. We are in continuing contact with area hospitals and will provide additional information as we learn more." Victim and Family Support "I have personally had the opportunity to meet with members of the affected families and will be visiting with victims at area hospitals during the day. West has grief counselors on-site providing the victims and families with counseling. We are meeting with all Kinston employees today regarding the medical and salary benefits available to them from the company, as well as alternative employment possibilities that may exist at other West facilities. We are also in the process of identifying what might be available in the form of disaster relief." Cause of Explosion "We do not know the cause of the explosion at this time. We are working cooperatively with local and federal officials in an effort to determine the cause of this incident and will provide additional information as we get the facts. This is a process that could take days or longer." Impact on West Business "Clearly, the Kinston plant itself is not currently operational. However, while I and others at West are focused on this catastrophe, our operations and manufacturing teams worldwide are implementing our disaster recovery plans to utilize alternate manufacturing facilities and to minimize any possible disruption to our customers. In addition, trading of West stock on the New York Stock Exchange has resumed, effective today, following yesterday's temporary suspension." About West Pharmaceutical Services West Pharmaceutical Services, Inc. (NYSE: WST) is a global drug delivery technology company that applies proprietary materials science, formulation research and manufacturing innovation to advance the quality, therapeutic value, development speed and rapid market availability of pharmaceuticals, biologics, vaccines and consumer healthcare products. West is the world's premiere provider of standard-setting systems and device components for parenterally administered medicines and an emerging leader in the development of advanced formulation technologies for the transmucosal delivery of drugs. Internationally headquartered in Lionville, Pennsylvania, West supports its partners and customers from 50 locations throughout North America, South America, Europe, Mexico, Japan, Asia and the Pacific and Australia. Certain statements contained in this Press Release that are not historical are "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The words "estimate," "expect," "intend", "believe" and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. The Company's actual results may differ materially from those expressed in any forward looking statement and are dependent on a number of factors including, but not limited to: sales demand, timing of customers' projects; successful development of proprietary drug delivery technologies and systems; negotiation and timing of execution of technology licensing agreements for the continued development and marketing of drug delivery products; regulatory approval for, and licensee and market acceptance of, products based on drug delivery technologies; competitive pressures; the strength or weakness of the U.S. dollar; variability of pension income; interest-rate fluctuations; inflation; the cost of raw materials; the availability of credit facilities; and statutory tax rates. For more information visit West at www.westpharma.com. EX-99.3 5 ex-993.txt Exhibit 99.3 West Pharmaceutical Services Provides Update on Kinston Plant Status Lionville, PA, February 4, 2003-- West Pharmaceutical Services, Inc. (NYSE: WST) today provides an update about progress that has been achieved in an effort to understand and address the cause and impact of the explosion that occurred on January 29 in one of the two buildings at its plant on Rouse Road in Kinston, North Carolina. The severely damaged building hosts the Automated Compounding System (ACS), where bulk rubber materials are mixed into formulations for molding into medical device components, as well as a molding and finishing area, where finished components are produced. The ACS area was most severely damaged in the explosion and fire and is presumed to be a total loss at this time. Although West's access to the building has been very limited until today, initial visual observations by West personnel suggest that damage to the production facility is far less severe and it appears that a substantial part of the machinery, tooling and finished inventory may be recoverable. The ACS at the Kinston plant is the largest of West's five U.S. rubber compounding facilities, and one of ten worldwide. To ensure the continued availability of critical healthcare products, rubber compounding requirements previously handled by the Kinston ACS will be shifted to alternate West facilities on an interim basis. West is working with its customers and the Food and Drug Administration to manage the temporary transfer of molding and finishing operations to other facilities in order to minimize interruptions in supply. "We are encouraged by the progress of the work thus far, in collaboration with our customers, in devising alternate production plans," said Don Morel, West's President and Chief Executive Officer. "We are additionally encouraged by the condition of the equipment and tooling in the molding and finishing areas of the building. In the last two days, our manufacturing and engineering personnel and technical consultants were able to visit the building to begin evaluating the damage first-hand. While it is still too early to estimate all of the damage and effects, our preliminary assessment is that the situation is much more manageable than we first imagined. We now need to complete a more detailed assessment. "It is obviously critical that any work we do in the damaged site can be safely performed, and we will work with environmental authorities to ensure that this is the case," Morel continued. "We are pursuing our own investigation into what happened and we will continue to cooperate with the ongoing investigations by North Carolina Departments of Labor and Natural Resources, The United States Chemical Safety Board, the Environmental Protection Agency, the Bureau of Alcohol, Tobacco, and Firearms and all local authorities who are investigating last Wednesday's events." About West Pharmaceutical Services West Pharmaceutical Services, Inc. (NYSE: WST) is a global drug delivery technology company that applies proprietary materials science, formulation research and manufacturing innovation to advance the quality, therapeutic value, development speed and rapid market availability of pharmaceuticals, biologics, vaccines and consumer healthcare products. West is the world's premiere provider of standard-setting systems and device components for parenterally administered medicines and an emerging leader in the development of advanced formulation technologies for the transmucosal delivery of drugs. Internationally headquartered in Lionville, Pennsylvania, West supports its partners and customers from 50 locations throughout North America, South America, Europe, Mexico, Japan, Asia and the Pacific and Australia. For more information visit West at www.westpharma.com. Certain statements contained in this Press Release that are not historical are "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The words "estimate," "expect," "intend", "believe" and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. The Company's actual results may differ materially from those expressed in any forward looking statement and are dependent on a number of factors including, but not limited to: sales demand, timing of customers' projects; successful development of proprietary drug delivery technologies and systems; regulatory, licensee and/or market acceptance of products based on those technologies; competitive pressures; the strength or weakness of the U.S. dollar; inflation; the cost of raw materials; the availability of credit facilities; the timely replacement of fire-damaged production capacity at the Company's Kinston, NC facility, any related loss of sales and insurance recoveries for property losses and/or liability to third parties resulting from that event; and, statutory tax rates. -----END PRIVACY-ENHANCED MESSAGE-----