-----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, CjWTOXNb7+uDETQRHeRRVZeAF+4q4w86V685aYiS2yKKSKYFtI7ERUm8nCut7e8k /FHmxpBOVRPaOyNW1of6oQ== 0001011240-03-000132.txt : 20031211 0001011240-03-000132.hdr.sgml : 20031211 20031211155142 ACCESSION NUMBER: 0001011240-03-000132 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20031210 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20031211 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LMI AEROSPACE INC CENTRAL INDEX KEY: 0001059562 STANDARD INDUSTRIAL CLASSIFICATION: AIRCRAFT PART & AUXILIARY EQUIPMENT, NEC [3728] IRS NUMBER: 431309065 STATE OF INCORPORATION: MO FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-24293 FILM NUMBER: 031049600 BUSINESS ADDRESS: STREET 1: 3600 MUELLER RD CITY: ST CHARLES STATE: MO ZIP: 63302 BUSINESS PHONE: 6369466525 MAIL ADDRESS: STREET 1: P O BOX 900 CITY: ST CHARLES STATE: MO ZIP: 63302 8-K 1 lmi8k121103.txt LMI AEROSPACE FORM 8-K FILED 12/11/03 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 earliest event reported: December 10, 2003 LMI AEROSPACE, INC. (Exact Name of Registrant as Specified in Its Charter) Missouri (State or Other Jurisdiction of Incorporation) 0-24293 43-1309065 (Commission File Number) (I.R.S. Employer Identification No.) 3600 Mueller Road, St. Charles, Missouri 63301 (Address of Principal Executive Offices) (Zip Code) (636) 946-6525 (Registrant's Telephone Number, Including Area Code) _____________________ Item 5. Other Events. On December 10, 2003, LMI Aerospace, Inc. (the "Company") issued a press release announcing restructuring plans for its facilities located in Wichita, Kansas. A copy of this press release is attached hereto as Exhibit 99.1. Item 7. Financial Statements and Exhibits. Exhibit Number Description 99.1 Text of Press Release dated December 10, 2003 issued by the Company announcing the Company's restructuring plans at its Wichita, Kansas facilities. 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. Date: December 10, 2003 LMI AEROSPACE, INC. By: /s/ Lawrence E. Dickinson ---------------------------------- Lawrence E. Dickinson Chief Financial Officer and Secretary EX-99 3 lmi8k121103ex99.txt LMI AEROSPACE EXHIBIT 99.1 PRESS RELEASE-12/10/03 EXHIBIT 99.1 Contact: Ed Dickinson Chief Financial Officer, 636/916-2150 FOR IMMEDIATE RELEASE LMI AEROSPACE ANNOUNCES RESTRUCTURING PLAN FOR SHEET METAL SEGMENT ST. LOUIS, December 10, 2003 - LMI Aerospace, Inc. (Nasdaq:LMIA), a leading provider of assemblies, kits and detail sheet metal and machined components to the aerospace, defense and technology industries, announced restructuring plans for its plant in Wichita, Kansas. The Wichita location will become a dedicated high pressure forming facility principally supporting Boeing, Lockheed and Gulfstream. "It is anticipated that 2004 sales volume will be consistent with previously announced 2003 revenues of $75 million to $78 million and in order to produce this volume profitably and reduce inventories, we are eliminating redundant manufacturing processes by making significant transfers of work statements between our sheet metal fabrication plants," said Ronald S. Saks, President and Chief Executive Officer of LMI Aerospace. "We believe this restructuring of our manufacturing capabilities and reductions in workforce will improve our operating performance and allow us to concentrate our efforts in Wichita on providing one commodity in a very lean environment." "Our other sheet metal fabrication plants are redesigning their manufacturing organizations to better focus on customer program management, including a more extensive use of our distribution facilities in Savannah, Georgia and Tulsa, Oklahoma," said Saks. "LMI will continue to develop and train its personnel and use lean manufacturing concepts to be successful and ready to grow when the aerospace industry starts to recover." The restructuring plan includes a staged reduction in workforce and the sale of an LMI-owned building and excess equipment. The reduction in workforce of approximately 60 employees will occur over a five-month period commencing in January 2004. The Wichita facility currently employs 96 people. The company plans to transfer all extrusion stretch work to its Auburn, Washington and Vista, California locations and its milling work packages will be transferred to its Tulsa and Auburn facilities. High pressure forming work currently produced in Auburn will be transferred to Wichita. Machining and Technology segment operations at the Tempco facility in Sun Valley, California are unaffected by this restructuring, as increased sales at that facility are requiring added labor effort to support customer demand. LMI Aerospace, a leading supplier of quality components to the aerospace and technology industries for 55 years, operates thirteen facilities that fabricate, machine, finish, integrate, assemble and kit formed, close tolerance aluminum and specialty alloy components for commercial, corporate, regional and military aircraft, laser, equipment used in the semiconductor and medical industries, and for the commercial sheet metal industries. This press release includes forward-looking statements which are based on current management expectations. Such forward-looking statements are subject to various risks and uncertainties, many of which are beyond the control of LMI Aerospace, Inc. Actual results could differ materially from the forward-looking statements as a result, among other things, of the factors detailed from time to time in LMI Aerospace's filings with the Securities and Exchange Commission, including those factors contained in the company's Annual Report on Form 10-K for the year ended December 31, 2002. ### -----END PRIVACY-ENHANCED MESSAGE-----