-----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, J5crFCUhi1Ad3l77Q+n3FxdchsJquol3B2K3OTmDTm0o/i0Fjhld3+X51dD1uiDe 0YASRADj3KKuDA3nL88Tlw== 0001157523-07-008594.txt : 20070821 0001157523-07-008594.hdr.sgml : 20070821 20070821113010 ACCESSION NUMBER: 0001157523-07-008594 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20070820 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070821 DATE AS OF CHANGE: 20070821 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WORTHINGTON INDUSTRIES INC CENTRAL INDEX KEY: 0000108516 STANDARD INDUSTRIAL CLASSIFICATION: STEEL WORKS, BLAST FURNACES & ROLLING & FINISHING MILLS [3310] IRS NUMBER: 311189815 STATE OF INCORPORATION: OH FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08399 FILM NUMBER: 071069881 BUSINESS ADDRESS: STREET 1: 200 OLD WILSON BRIDGE ROAD CITY: COLUMBUS STATE: OH ZIP: 43085 BUSINESS PHONE: 6144383210 MAIL ADDRESS: STREET 1: 200 OLD WILSON BRIDGE ROAD CITY: COLUMBUS STATE: OH ZIP: 43085 FORMER COMPANY: FORMER CONFORMED NAME: WORTHINGTON STEEL CO DATE OF NAME CHANGE: 19720123 8-K 1 a5476303.txt WORTHINGTON INDUSTRIES, 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 (Date of earliest event reported): August 21, 2007 (August 20, 2007) ----------------------------- WORTHINGTON INDUSTRIES, INC. - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Ohio 1-8399 31-1189815 - -------------------------------------------------------------------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 200 Old Wilson Bridge Road, Columbus, Ohio 43085 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (614) 438-3210 ----------------------------- Not Applicable - -------------------------------------------------------------------------------- (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 August 20, 2007, Worthington Industries, Inc. announced that the Worthington Steel business segment ("Worthington Steel"), had signed agreements related to the formation of joint ventures which will operate facilities in Slovakia and Mexico: o The Magnetto Group: Worthington Steel will join with The Magnetto Group to form a joint venture to operate a steel processing facility in Kosice, Slovakia. The transaction is expected to close in September 2007 with operations beginning shortly thereafter. The joint venture will perform Class 1 steel processing services such as slitting, blanking and cutting-to-length for customers throughout central Europe. o Serviacero Planos: Worthington Steel will acquire a 50% interest in privately-held Serviacero Planos. The joint venture, to be known as Serviacero Worthington, will own and operate two existing Serviacero Planos steel service centers in Leon and Queretaro in central Mexico, offering steel processing services such as slitting, multi-blanking and cutting-to-length to automotive, appliance and electronics related customers. Item 9.01. Financial Statements and Exhibits. (a)-(c) Not applicable. (d) Exhibits: Exhibit No. Description - ------------------------- 99.1 News Release issued by Worthington Industries, Inc. on August 20, 2007 related to formation of European steel processing joint venture. 99.2 News Release issued by Worthington Industries, Inc. on August 20, 2007 related to the formation of Mexican steel processing joint venture. 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 hereunto duly authorized. WORTHINGTON INDUSTRIES, INC. Date: August 21, 2007 By: /s/ Dale T. Brinkman ------------------------------ Dale T. Brinkman, Vice President-Administration, General Counsel & Secretary EX-99.1 2 a5476303ex991.txt EXHIBIT 99.1 Exhibit 99.1 Worthington to Form European Steel Processing Joint Venture Company Partners With Magnetto Group COLUMBUS, Ohio--(BUSINESS WIRE)--Aug. 20, 2007--Worthington Industries, Inc. (NYSE:WOR) announced today that its Worthington Steel Company has signed an agreement to form a joint venture with The Magnetto Group to operate a steel processing facility in Kosice, Slovakia. The transaction is expected to close in September with operations beginning shortly thereafter. Class 1 steel processing services such as slitting, blanking and cutting-to-length will be performed for customers throughout central Europe. "This joint venture aligns with our stated goal of growing our steel processing business beyond its current geographic boundaries. This will be our first European steel processing operation, and we are fortunate to be partnering with the highly regarded Magnetto Group. Worthington has a long history of successful joint venture partnerships," said John P. McConnell, Chairman and CEO of Worthington Industries. Worthington Steel, a Worthington Industries company, is one of America's largest independent steel processors of flat-rolled steel. Operating 12 facilities across the United States, the company offers the widest range of services in the industry, including acrylic coating, cleaning, cold-rolling, configured blanking, cutting-to-length, dry lubricating, edging, galvannealing, hot-dipped galvanizing, hydrogen annealing, pickling, slitting, stainless steel, temper rolling and tension leveling. Worthington Industries is a leading diversified metal processing company with annual sales of approximately $3 billion. The Columbus, Ohio, based company is North America's premier value-added steel processor and a leader in manufactured metal products such as metal framing, metal ceiling grid systems, pressure cylinders, automotive past model service stamping and laser welded blanks. Worthington Industries and its subsidiaries employ more than 8,000 people and operate 64 facilities in 10 countries. The Magnetto Group is a leading European manufacturer with sales of 1.5 billion Euros. The Turin, Italy, based company is a leader in the distribution of flat-rolled steel products and steel services, wheel production, automotive stampings and assembly. The company recently entered the construction industry with the design, fabrication and assembly of bodywork components for construction equipment, industrial vehicles, trucks and buses. Founded in 1948, Magnetto has more than 30 production sites in three continents and more than 7,000 employees. Safe Harbor Statement The company wishes to take advantage of the Safe Harbor provisions included in the Private Securities Litigation Reform Act of 1995 ("the Act"). Statements by the company, which are not historical information constitute "forward looking statements" within the meaning of the Act. All forward-looking statements are subject to risks and uncertainties which could cause actual results to differ from those projected. Factors that could cause actual results to differ materially include risks described from time to time in the company's filings with the Securities and Exchange Commission. CONTACT: Worthington Industries, Inc. Media: Cathy M. Lyttle, 614-438-3077 VP, Corporate Communications E-mail: cmlyttle@WorthingtonIndustries.com or Investor: Allison M. Sanders, 614-840-3133 Director, Investor Relations E-mail: asanders@WorthingtonIndustries.com or www.WorthingtonIndustries.com EX-99.2 3 a5476303ex992.txt EXHIBIT 99.2 Exhibit 99.2 Worthington to Form Mexican Steel Processing Joint Venture Company Partners with Serviacero COLUMBUS, Ohio--(BUSINESS WIRE)--Aug. 20, 2007--Worthington Industries (NYSE:WOR) announced today that its Worthington Steel Company has signed an agreement to acquire a 50% interest in privately held Serviacero Planos. The joint venture, to be known as Serviacero Worthington, will own and operate two existing Serviacero Planos steel service centers in Leon and Queretaro in central Mexico. These facilities offer steel processing services such as slitting, multi-blanking and cutting-to-length to automotive, appliance and electronics related customers. Annual sales for the joint venture are expected to be approximately $125 million initially. "This joint venture aligns with our stated goal of expanding our steel processing business beyond its current geographic boundaries into higher growth markets," said Mark Russell, Worthington Steel President. "By joining with Serviacero, we will be able to immediately offer steel processing services to an increasing number of customers with current and expanding operations in Mexico. Worthington has a long history of successful joint ventures and we welcome the addition of Serviacero to this group." Worthington Steel, a Worthington Industries company, is one of America's largest independent steel processors of flat-rolled steel. Operating 12 facilities across the United States, the company offers the widest range of services in the industry, including acrylic coating, cleaning, cold-rolling, configured blanking, cutting-to-length, dry lubricating, edging, galvannealing, hot-dipped galvanizing, hydrogen annealing, pickling, slitting, stainless steel, temper rolling and tension leveling. Worthington Industries is a leading diversified metal processing company with annual sales of approximately $3 billion. The Columbus, Ohio, based company is North America's premier value-added steel processor and a leader in manufactured metal products such as metal framing, metal ceiling grid systems, pressure cylinders, automotive past model service stamping and laser welded blanks. Worthington Industries and its subsidiaries employ more than 8,000 people and operate 64 facilities in 10 countries. Safe Harbor Statement The company wishes to take advantage of the Safe Harbor provisions included in the Private Securities Litigation Reform Act of 1995 ("the Act"). Statements by the company, which are not historical information constitute "forward looking statements" within the meaning of the Act. All forward-looking statements are subject to risks and uncertainties which could cause actual results to differ from those projected. Factors that could cause actual results to differ materially include risks described from time to time in the company's filings with the Securities and Exchange Commission. CONTACT: Worthington Industries, Inc. Media: Cathy M. Lyttle, 614-438-3077 VP, Corporate Communications E-mail: cmlyttle@WorthingtonIndustries.com or Investor: Allison M. Sanders, 614-840-3133 Director, Investor Relations E-mail: asanders@WorthingtonIndustries.com or www.WorthingtonIndustries.com -----END PRIVACY-ENHANCED MESSAGE-----