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): October 15, 2013
POLYPORE INTERNATIONAL, INC.
(Exact name of Registrant as specified in its charter)
Delaware | ||
(State or Other Jurisdiction of Incorporation) | ||
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1-32266 |
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43-2049334 |
(Commission File Number) |
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(IRS Employer Identification No.) |
11430 North Community House Road, Suite 350, Charlotte, North Carolina |
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28277 (Zip Code) |
(704) 587-8409
(Registrants Telephone Number Including Area Code)
Not Applicable
(Former Name and 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:
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 (17 CFR 240.14d-2(b))
o 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 October 15, 2013, Polypore International, Inc. (the Company) announced that Peter A. Smith, Ph. D., will join the Company as President, Energy Storage Transportation and Industrial, on October 24, 2013. Mr. Smith succeeds Phillip Bryson who has assumed the role of Senior Vice President, Corporate Development and Strategy.
A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. |
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Description |
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99.1 |
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Press Release of Polypore International, Inc., dated October 15, 2013 |
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.
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POLYPORE INTERNATIONAL, INC. | |
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(Registrant) | |
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Date: October 15, 2013 |
By: |
/s/ Lynn Amos |
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Lynn Amos |
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Chief Financial Officer |
Exhibit 99.1
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Polypore International, Inc. |
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The Gibson Building |
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11430 N. Community House Rd, Suite 350 |
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Charlotte, NC 28277 |
Tel: (704) 587-8409 | |
polycorpcom@polypore.net | |
www.polypore.net | |
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FOR IMMEDIATE RELEASE |
Polypore Announces New President for Energy Storage Transportation and Industrial Business Segment
CHARLOTTE, N.C., October 15, 2013 Polypore International, Inc. (NYSE: PPO) is pleased to announce that Peter A. Smith, Ph.D., will join Polypore as President, Energy Storage - Transportation and Industrial, on October 24, 2013. Mr. Smith succeeds Phillip Bryson who has assumed the role of Senior Vice President, Corporate Development and Strategy.
Mr. Smith brings over 20 years of experience from the electronics and specialty materials industries. Prior to joining Polypore, Pete was Chief Executive Officer of Voltaix, a specialty chemicals manufacturing company. Additionally, he served in various leadership roles in sales and marketing, business development, operations and in mergers & acquisitions at Cooper Industries, Dover Knowles Electronics and Honeywell Specialty Materials. Pete earned his Ph.D. in Material Science and Engineering from Rutgers University and a M.B.A. from Arizona State University. He also has a Bachelor of Science degree in Materials Engineering.
Regarding the change, Robert B. Toth, Polypores President and Chief Executive Officer stated: We are delighted to welcome Pete into the Polypore organization. With his strong technical background and business acumen, he will bring valuable and relevant experience to our company and will provide strong technical leadership to our Transportation and Industrial segment.
About Polypore International, Inc.
Polypore International, Inc. is a global high technology filtration company specializing in microporous membranes. Polypores flat sheet and hollow fiber membranes are used in specialized applications that require the removal or separation of various materials from liquids, primarily in the ultrafiltration and microfiltration markets. Based in Charlotte, NC, Polypore International, Inc. is a market leader with manufacturing facilities or sales offices in ten countries serving six continents. See www.polypore.net.
Forward-Looking Statements
This release contains statements that are forward-looking in nature. Statements that are predictive in nature, that depend upon or refer to future events or conditions or that include
words such as expects, anticipates, intends, plans, believes, estimates, and similar expressions are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause our actual results and performance to be materially different from any future results or performance expressed or implied by these forward-looking statements. These factors include the following: the highly competitive nature of the markets in which we sell our products; the failure to continue to develop innovative products; the loss of our customers; the vertical integration by our customers of the production of our products into their own manufacturing process; increases in prices for raw materials or the loss of key supplier contracts; our substantial indebtedness; interest rate risk related to our variable rate indebtedness; our inability to generate cash; restrictions related to the senior secured credit agreement; employee slowdowns, strikes or similar actions; product liability claims exposure; risks in connection with our operations outside the United States, including compliance with applicable anti-corruption laws; the incurrence of substantial costs to comply with, or as a result of violations of, or liabilities under, environmental laws; the failure to protect our intellectual property; the loss of senior management; the incurrence of additional debt, contingent liabilities and expenses in connection with future acquisitions; the failure to effectively integrate newly acquired operations; lithium market demand does not materialize as anticipated; the absence of expected returns from the intangible assets we have recorded; the adverse impact from legal proceedings on our financial condition; and natural disasters, epidemics, terrorist acts and other events beyond our control. Additional information concerning these and other important factors can be found in Item 1A. Risk Factors of our most recent Annual Report on Form 10-K and subsequent reports filed with the Securities and Exchange Commission. Such forward-looking statements speak only as of the date of this press release. Polypore expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Polypores expectations with regard thereto or change in events, conditions or circumstances on which any statement is based.
CONTACT: |
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Polypore International, Inc. |
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Corporate Communications |
Investor Relations |
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Beth Kitteringham |
Paul Clegg |
(704) 587-8596 |
(704) 587-8886 |
polycorpcom@polypore.net |
investorrelations@polypore.net |
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