8-K/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K/A

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 27, 2014

FRANKLIN ELECTRIC CO., INC.

(Exact name of registrant as specified in its charter)

Indiana	0-362	35-0827455
(State of incorporation)	(Commission File Number)	(IRS employer identification no.)

9255 Coverdale Road
Fort Wayne, IN	46809
(Address of principal executive offices)	(Zip code)

(260) 824-2900

(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:

[    ]    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 2.05. Costs Associated with Exit or Disposal Activities

Franklin Electric Co., Inc. (the “Company”) filed a Current Report on Form 8-K with the Securities and Exchange Commission on July 1, 2014 (the “Prior 8-K”) announcing a plan to close its Wittlich, Germany manufacturing facility and transfer existing Wittlich manufacturing activity to its Brno, Czech Republic facility.

The purpose of this Current Report on Form 8-K/A is to amend the estimate of pretax charges disclosed in the Prior 8-K. The Company now estimates the pretax charge for these actions to be approximately $19.4 million. The increase in estimated costs is entirely due to higher payments for severance and other employee separation costs. The charges began during the third quarter of 2014 and are estimated to conclude by the end of 2015.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits:

Exhibit Number	Description
99.1	Press release - "Franklin Electric Updates Plans for European Manufacturing Optimization"

The remainder of the information contained in the Prior 8-K is not hereby amended.

SIGNATURE

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.

FRANKLIN ELECTRIC CO., INC.

(Registrant)

Date: December 3, 2014	By	/s/ John J. Haines
		John J. Haines
		Vice President and Chief Financial Officer and Secretary
		(Principal Financial and Accounting Officer)

EXHIBIT INDEX

Exhibit Number	Description
99.1	Press release - "Franklin Electric Updates Plans for European Manufacturing Optimization"

EX-99.1

Exhibit 99.1

For Immediate Release

For Further Information

Refer to: John J. Haines

260-824-2900

FRANKLIN ELECTRIC UPDATES PLANS FOR EUROPEAN MANUFACTURING OPTIMIZATION

Fort Wayne, Indiana - December 3, 2014 - On July 1, 2014, Franklin Electric Co., Inc. (NASDAQ:FELE) announced a plan to close its Wittlich, Germany manufacturing facility and complete other asset write-offs, miscellaneous realignments and fixed costs reductions in other European based business units and facilities.  As part of this action, the Company will transfer the existing Wittlich manufacturing activity primarily to its Brno, Czech Republic facility. The Company had initially estimated the costs of this action to be between $13.2 million and $14.0 million.

The Company now estimates the pretax charge for these actions to be approximately $19.4 million. The charges, which include severance expenses, professional service fees, asset write-offs, and temporarily leased facilities costs, began in the third quarter of 2014 and are now projected to conclude by the end of 2015, with the majority of charges to be incurred prior to the end of the second quarter 2015. The increase in estimated costs is entirely due to higher payments for severance and other employee separation costs. Approximately ten percent of these charges will be non-cash.

Finally, the Company estimates these charges will have a payback period of approximately 5 years, mostly as a result of direct labor and facility savings.

Franklin Electric is a global leader in the production and marketing of systems and components for the movement of water and automotive fuels. Recognized as a technical leader in its specialties, Franklin Electric serves customers around the world in residential, commercial, agricultural, industrial, municipal, and fueling applications.

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein, including those relating to market conditions or the Company’s financial results, costs, expenses or expense reductions, profit margins, inventory levels, foreign currency translation rates, liquidity expectations, business goals and sales growth, involve risks and uncertainties, including but not limited to, risks and uncertainties with respect to general economic and currency conditions, various conditions specific to the Company’s business and industry, weather conditions, new housing starts, market demand, competitive factors, changes in distribution channels, supply constraints, effect of price increases, raw material costs, technology factors, integration of acquisitions, litigation, government and regulatory actions, the Company’s accounting policies, future trends, and other risks which are detailed in the Company’s Securities and Exchange Commission filings, included in Item 1A of Part I of the Company’s Annual Report on Form 10-K/A for the fiscal year ending December 28, 2013, Exhibit 99.1 attached thereto and in Item 1A of Part II of the Company’s Quarterly Reports on Form 10-Q. These risks and uncertainties may cause actual results to differ materially from those indicated by the forward-looking statements. All forward-looking statements made herein are based on information currently available, and the Company assumes no obligation to update any forward-looking statements.