-----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, EqfLlL3rMNnDj6cPwgcPR75gvCmXOqyfSFQsFhj5Ewwu6TL2hnu8pqL2HPqK6sNA DFtCXn4Vm7MXF7/I4ce0XQ== 0001284807-07-000044.txt : 20071012 0001284807-07-000044.hdr.sgml : 20071012 20071012091827 ACCESSION NUMBER: 0001284807-07-000044 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20071011 ITEM INFORMATION: Cost Associated with Exit or Disposal Activities ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20071012 DATE AS OF CHANGE: 20071012 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PLY GEM HOLDINGS INC CENTRAL INDEX KEY: 0001284807 STANDARD INDUSTRIAL CLASSIFICATION: MILLWOOD, VENEER, PLYWOOD & STRUCTURAL WOOD MEMBERS [2430] IRS NUMBER: 200645710 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-114041-07 FILM NUMBER: 071168446 BUSINESS ADDRESS: STREET 1: 303 WEST MAJOR STREET CITY: KEARNEY STATE: MO ZIP: 64060 BUSINESS PHONE: 8008002244 MAIL ADDRESS: STREET 1: 303 WEST MAJOR STREET CITY: KEARNEY STATE: MO ZIP: 64060 8-K 1 form8-k.htm PLY GEM FORM 8-K 10-12-2007 form8-k.htm

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)     October 12, 2007
 
PLY GEM HOLDINGS, INC.
(Exact Name of Registrant as Specified in Its Charter)


Delaware
333-114041
20-0645710
(State or Other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)


185 PLATTE CLAY WAY
KEARNEY, MISSOURI
 
64060
(Address of principal executive offices)
(Zip Code)


(800) 800-2244
(Registrant’s Telephone Number, Including Area Code)

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 (see General Instruction A.2. below):

o                Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o                 Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o                 Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17CFR 240.14d-2(b))

o                 Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17CFR 240.13e-4(c))



ITEM 2.05                                COSTS ASSOCIATED WITH EXIT OR DISPOSAL ACTIVITIES
 
On October 12, 2007, Ply Gem Industries, Inc. announced that it will close its Denison, Texas facility.  Management expects that the plant closure will reduce costs and increase operating efficiency by increasing capacity utilization, as most of the production will be absorbed by other locations.  Production will begin to be shifted to the other locations during November 2007 and production is expected to cease at the Denison facility in February 2008.

In connection with the closure plan, the Company expects to incur exit and restructuring costs, all of which will be cash charges, of approximately $5.6 million, including approximately $2.5 million for personnel-related costs, approximately $0.8 for contract termination costs, and approximately $2.3 million in other facilities-related costs.

ITEM 7.01                                REGULATION FD DISCLOSURE
 
A copy of the press release announcing the closure of the Denison, Texas facility is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K.




ITEM 9.01                                Financial Statements and Exhibits
 
(a)           Financial statements of businesses acquired.
                Not applicable

(b)           Pro forma financial information.
                Not applicable

(c)            Exhibits

Exhibit
Description
 
99.1
Press release dated October 12, 2007, issued by Ply Gem Industries, Inc.






 
SIGNATURES
 
 
    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report on Form 8-K to be signed on its behalf by the undersigned, thereunto duly authorized.
 
Dated:  October 12, 2007
 
PLY GEM HOLDINGS, INC.
 
By:                  /s/ Shawn K. Poe
 
Name: Shawn K. Poe
 
Title:Vice President, Chief Financial Officer,
 
Treasurer and Secretary
 

 



EXHIBIT LIST
 
Exhibit
Description
 
99.1
Press release dated October 12, 2007, issued by Ply Gem Industries, Inc.

 

 

 

 



EX-99.1 2 ex99-1.htm PRESS RELEASE ex99-1.htm


 

 
Ply Gem Announces Plans to Close Denison, Texas Vinyl Siding Manufacturing Facility
 
 
Kearney, MO, October 12, 2007 – Ply Gem Industries, Inc. announced today that it intends to close its Denison, Texas vinyl siding manufacturing facility that employs approximately 180 employees.  Ply Gem is one of the country’s leading manufacturers of residential exterior building products.
 
 
Gary E. Robinette, President and Chief Executive Officer of Ply Gem, said, "This action was difficult in that it impacts a number of our employees, however, today’s market conditions and competitive climate demands the most efficient operating structure and this decision to consolidate operations will improve overall performance and is in keeping with Ply Gem’s commitment to its customers and the financial community”.  Mr. Robinette stated “that this move was made due to economic considerations for our organization and does not reflect the quality and dedication of the Denison workforce”.
 
 
John C. Wayne, President of Ply Gem’s Siding Group, said, “Decisions of this kind are always difficult”.   Mr. Wayne went on to say, “We must address this issue due to excess production capacity in light of current market conditions.” Wayne also noted that the Denison plant was selected because it is a less efficient operation than Ply Gem’s other vinyl siding manufacturing facilities in Stuarts Draft, VA, Kearney, MO, Martinsburg, WV and Jasper, TN.  Mr. Wayne also indicated that the company was committed to ensure that Ply Gem’s vinyl siding customers would see no change in service levels.  “We are fully capable of meeting the needs of our customers from our other manufacturing facilities.” Wayne said.
 
 
About Ply Gem
 
 
Ply Gem Industries, headquartered in Kearney, Missouri, manufactures and markets a range of products for use in the residential new construction, do-it-yourself and professional renovation markets. Principal products include vinyl siding, windows, patio doors, fencing, railing, decking and accessories and aluminum window and siding products marketed under the Mastic, Alcoa Home Exteriors, Variform, MW, Patriot, Alenco, Great Lakes, Napco, Kroy and CWD brand names.
 
 
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