8-K 1 d8k.htm FORM 8-K Form 8-K

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): August 8, 2006

 


 

ALLIANCE LAUNDRY SYSTEMS LLC

ALLIANCE LAUNDRY CORPORATION

ALLIANCE LAUNDRY HOLDINGS LLC

(Exact name of registrant as specified in its charter)

 


 

DELAWARE   333-56857   39-1927923
DELAWARE   333-56857-01   39-1928505
DELAWARE   333-56857-02   52-2055893

(State or other jurisdiction

of incorporation)

  (Commission File Number)  

(IRS Employer

Identification No.)

 

Shepard Street, P.O. Box 990

RIPON, WISCONSIN 54971-0990

(Address of Principal executive offices, including Zip Code)

 

(920) 748-3121

(Registrant’s telephone number, including area code)

 


 

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  2.05 Costs Associated with Exit or Disposal Activities

 

On August 8, 2006, the Board of Directors (the “Board”) of ALH Holding Inc. (“ALH”), the parent of Alliance Laundry Systems LLC (the “Company”), resolved to discontinue its Louisville, Kentucky operations (the “Discontinuance”) and close its Portland, Tennessee facility (the “Closure”). The Company expects to complete the Discontinuance and the Closure within the next six months. The decision was based on an analysis of each location’s manufacturing capabilities as well as the continuing investment requirements for each of the locations.

 

The Company estimates total cash costs and expenses associated with the Discontinuance and the Closure to be approximately $3.3 million comprised of (1) approximately $1.5 million of one-time termination benefits; (2) approximately $0.2 million of other labor related costs including training and temporary living expenses; (3) approximately $0.3 million related to the relocation of tooling and equipment; (4) approximately $1.0 million related to contractual obligations; and (5) approximately $0.3 million of other related expenses. The Company expects these costs to be partially offset by the proceeds of the anticipated sale of the Portland facility.

 

Statements contained herein that are not statements of historical or current fact constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. When used herein, forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company or ALH to be materially different from historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties readers are urged to consider statements labeled with the terms “believes,” “belief,” “expects,” “intends,” “anticipates” or “plans” to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company’s filings with the Securities and Exchange Commission. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results.

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, each registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

   

ALLIANCE LAUNDRY SYSTEMS LLC

   

(Registrant)

       

/s/ Thomas L’Esperance


Date: August 10, 2006

 

Name:

 

Thomas L’Esperance

   

Title:

 

CEO & President

       

/s/ Bruce P. Rounds


   

Name:

 

Bruce P. Rounds

   

Title:

 

Vice President, Chief Financial Officer

   

ALLIANCE LAUNDRY CORPORATION

   

(Registrant)

       

/s/ Thomas L’Esperance


Date: August 10, 2006

 

Name:

 

Thomas L’Esperance

   

Title:

 

CEO & President

       

/s/ Bruce P. Rounds


   

Name:

 

Bruce P. Rounds

   

Title:

 

Vice President, Chief Financial Officer

   

ALLIANCE LAUNDRY HOLDINGS LLC

   

(Registrant)

       

/s/ Thomas L’Esperance


Date: August 10, 2006

 

Name:

 

Thomas L’Esperance

   

Title:

 

CEO & President

       

/s/ Bruce P. Rounds


   

Name:

 

Bruce P. Rounds

   

Title:

 

Vice President, Chief Financial Officer

 

 

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