0001104659-13-075683.txt : 20131015 0001104659-13-075683.hdr.sgml : 20131014 20131015160744 ACCESSION NUMBER: 0001104659-13-075683 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20131015 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20131015 DATE AS OF CHANGE: 20131015 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Polypore International, Inc. CENTRAL INDEX KEY: 0001292556 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS CHEMICAL PRODUCTS [2890] IRS NUMBER: 432049334 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32266 FILM NUMBER: 131152006 BUSINESS ADDRESS: BUSINESS PHONE: (704) 588-5310 MAIL ADDRESS: STREET 1: 11430 N. COMMUNITY ROAD, SUITE 350 CITY: CHARLOTTE STATE: NC ZIP: 28277 8-K 1 a13-22256_18k.htm 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): October 15, 2013

 

POLYPORE INTERNATIONAL, INC.

(Exact name of Registrant as specified in its charter)

 

Delaware

(State or Other Jurisdiction of Incorporation)

 

 

 

1-32266

 

43-2049334

(Commission File Number)

 

(IRS Employer Identification No.)

 

11430 North Community House Road, Suite 350,

Charlotte, North Carolina
(Address of Principal Executive Offices)

 

28277

(Zip Code)

 

(704) 587-8409
(Registrant’s 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.

 

Description

 

 

 

99.1

 

Press Release of Polypore International, Inc., dated October 15, 2013

 

2



 

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.

 

 

POLYPORE INTERNATIONAL, INC.

 

(Registrant)

 

 

 

 

Date: October 15, 2013

By:

/s/ Lynn Amos

 

 

Lynn Amos

 

 

Chief Financial Officer

 

3


EX-99.1 2 a13-22256_1ex99d1.htm EX-99.1

Exhibit 99.1

 

 

Polypore International, Inc.

 

The Gibson Building

 

11430 N. Community House Rd, Suite 350

 

Charlotte, NC  28277

Tel: (704) 587-8409

polycorpcom@polypore.net

www.polypore.net

 

 

 

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, Polypore’s 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. Polypore’s 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

 

1



 

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 Polypore’s expectations with regard thereto or change in events, conditions or circumstances on which any statement is based.

 

CONTACT:

 

Polypore International, Inc.

 

Corporate Communications

Investor Relations

 

 

Beth Kitteringham

Paul Clegg

(704) 587-8596

(704) 587-8886

polycorpcom@polypore.net

investorrelations@polypore.net

 

###

 

2


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