-----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, SoUvAd1QTZHiSXYoTuMfnbW+vmjwNcyzuZyIEEMpcVtARce35E9leOelWfCzCPYX GXo8UcV1g3fHcvz0ldGQPg== 0000024491-00-000016.txt : 20000426 0000024491-00-000016.hdr.sgml : 20000426 ACCESSION NUMBER: 0000024491-00-000016 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20001231 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20000425 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COOPER TIRE & RUBBER CO CENTRAL INDEX KEY: 0000024491 STANDARD INDUSTRIAL CLASSIFICATION: TIRES AND INNER TUBES [3011] IRS NUMBER: 344297750 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-04329 FILM NUMBER: 607990 BUSINESS ADDRESS: STREET 1: LIMA & WESTERN AVENUES CITY: FINDLAY STATE: OH ZIP: 45840 BUSINESS PHONE: 4194231321 8-K 1 As filed with the Securities and Exchange Commission on April 25, 2000 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): April 24, 2000 COOPER TIRE & RUBBER COMPANY (Exact name of registrant as specified in its charter) DELAWARE 1-4329 34-4297750 (State or other (Commission (I.R.S. employer jurisdiction of File Number) identification no.) incorporation) Lima and Western Avenues, Findlay, Ohio 45840 (Address of principal executive offices) (Zip Code) (419) 423-1321 (Registrant's telephone number, including area code) The Exhibit Index is located at page 3. 1 Item 5. Other Events - ------ ------------ Cooper Tire & Rubber Company has announced a definitive agreement has been reached for the sale of a portion of its automotive plastics division to Plastech Engineered Products, Inc. (Plastech) for an undisclosed sum to be paid in cash. The agreement covers the sale of Cooper's entire painted injection molded plastics business all of which is conducted at its Winnsboro, South Carolina plant. Under the terms of the agreement, the plant and equipment, related inventories and certain other assets will be acquired by Plastech, which will assume the contracts between the business and its customers and certain specified liabilities. The transaction is expected to close on Friday, April 28, 2000. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits - ------ ------------------------------------------------------------------ (c) Exhibits. The following exhibit is filed herewith: Exhibit No. Description ----------- ----------- 99 Cooper Tire & Rubber Company press release issued April 24, 2000 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. COOPER TIRE & RUBBER COMPANY By: /S/ Eileen B. White ---------------------- Corporate Controller (Principal Accounting Officer) April 25, 2000 - -------------- (Date) 2 EXHIBIT INDEX ------------- EXHIBIT DESCRIPTION - ------- ----------- 99 Cooper Tire & Rubber Company press release issued April 24, 2000 3 Exhibit 99 COMPANY CONTACT: PHILIP G. WEAVER FOR IMMEDIATE RELEASE 419-424-4320 APRIL 24, 2000 COOPER TIRE & RUBBER COMPANY TO SELL PORTION OF AUTOMOTIVE PLASTICS DIVISION --------------------------------------------------------------------- FINDLAY, OHIO, APRIL 24, 2000 - COOPER TIRE & RUBBER COMPANY (NYSE:CTB) today announced that it has reached a definitive agreement to sell a portion of its automotive plastics division to Plastech Engineered Products, Inc. (Plastech) for an undisclosed sum to be paid in cash. The agreement covers the sale of Cooper's entire painted injection molded plastics business all of which is conducted at its Winnsboro, South Carolina plant. Under the terms of the agreement, the plant and equipment, related inventories and certain other assets will be acquired by Plastech, which will assume the contracts between the business and its customers and certain specified liabilities. The transaction is expected to close on Friday, April 28, 2000. Commenting on the sale, Thomas A. Dattilo, president and chief operating officer, said, "This is the first action to be taken as a result of our review of strategic options for our plastics division. We have some very good people in this plant and wish Plastech continued success as they integrate it into their operations. We are also proceeding with the sale of our extruded plastics business and our non-automotive plastics operations. We have received considerable interest in both and expect further announcements during the second quarter." Company Description Cooper Tire & Rubber Company is headquartered in Findlay, Ohio and specializes in the manufacture and marketing of automotive products. Products for Cooper's tire group include automotive, motorcycle and truck tires, inner tubes, tread rubber and equipment. In the automotive group, Cooper is an original equipment supplier of sealing, trim, NVH control systems and fluid handling systems for the automotive industry in North America, Europe, Australia and South America. Other products for this group include rubber and plastic sealing components for the refrigeration industry in North America. Cooper has more than 25,000 employees and 77 manufacturing facilities in twelve countries. For more information, visit the Company's web site at: www.coopertire.com. Forward-Looking Statements This report contains "forward-looking statements," as that term is defined under the Private Securities Litigation Reform Act of 1995, regarding expectations for the future divestitures of the remainder of our plastics division. It is possible the Company's progress in selling its plastics division may not result in further announcements during the second quarter or thereafter. 4 -----END PRIVACY-ENHANCED MESSAGE-----