-----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, AWIgJOUXa9pwOLNtU+a0uNFdsI0WlDpuGZ1EpDNIC46jGsXWjKFmgwhv1f0e9AML yE7SV5bd1gMJIewVdnoMaA== 0001193125-11-026966.txt : 20110208 0001193125-11-026966.hdr.sgml : 20110208 20110208131248 ACCESSION NUMBER: 0001193125-11-026966 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20110207 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110208 DATE AS OF CHANGE: 20110208 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CIRCOR INTERNATIONAL INC CENTRAL INDEX KEY: 0001091883 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS FABRICATED METAL PRODUCTS [3490] IRS NUMBER: 043477276 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14962 FILM NUMBER: 11581606 BUSINESS ADDRESS: STREET 1: C/O CIRCOR INC STREET 2: 25 CORPORATE DR., SUITE 130 CITY: BURLINGTON STATE: MA ZIP: 01803-4238 BUSINESS PHONE: 7812701200 MAIL ADDRESS: STREET 1: C/O CIRCOR INC STREET 2: 25 CORPORATE DR., SUITE 130 CITY: BURLINGTON STATE: MA ZIP: 01803-4238 8-K 1 d8k.htm FORM 8-K Form 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): February 7, 2011

 

 

CIRCOR INTERNATIONAL, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-14962   04-3477276

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

25 Corporate Drive, Suite 130

Burlington, Massachusetts

  01803-4238
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code: (781) 270-1200

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 February 7, 2011, CIRCOR International, Inc. issued a press release announcing an update on the Chapter 11 bankruptcy proceedings of its Leslie Controls, Inc. subsidiary.

A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits.

 

99.1    Press Release of CIRCOR International, Inc., dated February 7, 2011.


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.

 

  CIRCOR International, Inc.
Date: February 8, 2011   By:  

/s/ Alan J. Glass

  Name:   Alan J. Glass
  Title:   Vice President, General Counsel & Secretary
EX-99.1 2 dex991.htm PRESS RELEASE Press Release

Exhibit 99.1

PRESS RELEASE

U.S. District Court Affirms Chapter 11 Reorganization Plan of

CIRCOR’s Leslie Controls Subsidiary

All Pending Appeals Are Resolved;

Leslie Controls Prepares for Emergence from Bankruptcy

Burlington, MA – February 7, 2011 – CIRCOR International, Inc. (NYSE: CIR) today announced that the U.S. District Court for the District of Delaware has affirmed the U.S. Bankruptcy Court’s confirmation of the amended pre-negotiated Chapter 11 reorganization plan filed by its wholly owned subsidiary, Leslie Controls, Inc. CIRCOR also announced that, in connection with the Bankruptcy and District Court review and approval, all appeals previously lodged by certain of Leslie’s insurers have been resolved, and the amended plan was unopposed.

“This is a great day for Leslie Controls and CIRCOR,” said CIRCOR Chairman, President and Chief Executive Officer Bill Higgins. “With District Court affirmation of Leslie’s reorganization plan and resolution of all pending appeals, we have now achieved the last major milestones in our effort to permanently resolve Leslie’s asbestos liability. We are now completing the formalities necessary for Leslie to legally emerge from bankruptcy. Leslie is a strong business, key to our strategy in the global power markets and a critical supplier to the U.S. Navy.”

Leslie and CIRCOR will fund the Section 524(g) asbestos trust established under the reorganization plan once various closing mechanics are satisfied and the plan becomes effective, whereupon Leslie will emerge from Chapter 11 protection. Leslie and CIRCOR expect these steps to be completed within the next 60 days.

About CIRCOR International, Inc.

CIRCOR International, Inc. designs, manufactures and markets valves and other highly engineered products and subsystems that control the flow of fluids safely and efficiently in the aerospace, energy and industrial markets. With more than 7,000 customers in over 100 countries, CIRCOR has a diversified product portfolio with recognized, market-leading brands. CIRCOR’s culture, built on the CIRCOR Business System, is defined by the Company’s commitment to attracting, developing and retaining the best talent and pursuing continuous improvement in all aspects of its business and operations. The Company’s strategy includes growing organically by investing in new, differentiated products; adding value to component products; and increasing the development of mission-critical subsystems and solutions. CIRCOR also plans to leverage its strong balance sheet to acquire strategically complementary businesses. For more information, visit the Company’s investor relations web site at http://investors.circor.com.


Safe Harbor Statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors, which are, in some cases, beyond the control of CIRCOR. These statements include, but are not limited to, the Company’s expectations related to the process and timing for Leslie Controls’ emergence from bankruptcy. Actual events, performance or results could differ materially from the anticipated events, performance or results expressed or implied by such forward-looking statements. BEFORE MAKING ANY INVESTMENT DECISIONS REGARDING OUR COMPANY, WE STRONGLY ADVISE YOU TO READ THE SECTION ENTITLED “RISK FACTORS” IN OUR MOST RECENT ANNUAL REPORT ON FORM 10-K AND SUBSEQUENT REPORTS ON FORMS 10-Q, WHICH CAN BE ACCESSED UNDER THE “INVESTORS” LINK OF OUR WEBSITE AT WWW.CIRCOR.COM. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Contact:

Frederic M. Burditt

Chief Financial Officer

CIRCOR International

(781) 270-1200

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