-----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, LxJWYjzBVeIdEB0Xp7Ugl3pzHvwU7PAM/DUJs3AvivJbFcVAs69tqklQ/RxP15ct GH/j2oVE2LWetMNOaKZEag== 0000891092-03-003434.txt : 20031120 0000891092-03-003434.hdr.sgml : 20031120 20031120172043 ACCESSION NUMBER: 0000891092-03-003434 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20031120 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20031120 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GENCORP INC CENTRAL INDEX KEY: 0000040888 STANDARD INDUSTRIAL CLASSIFICATION: FABRICATED RUBBER PRODUCTS, NEC [3060] IRS NUMBER: 340244000 STATE OF INCORPORATION: OH FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-01520 FILM NUMBER: 031016132 BUSINESS ADDRESS: STREET 1: HIGHWAY 50 & AEROJET ROAD CITY: RANCHO CORDOVA STATE: CA ZIP: 95670 BUSINESS PHONE: 9163554000 MAIL ADDRESS: STREET 1: HIGHWAY 50 & AEROJET ROAD CITY: RANCHO CORDOVA STATE: CA ZIP: 95670 FORMER COMPANY: FORMER CONFORMED NAME: GENERAL TIRE & RUBBER CO DATE OF NAME CHANGE: 19840330 8-K 1 e16285_8k.txt FORM 8-K 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) November 20, 2003 GenCorp Inc. -------------------------------------------------- (Exact Name of Registrant as Specified in Charter) Ohio 1-01520 34-0244000 ---- ------- ---------- (State or Other Jurisdiction (Commission File IRS Employer of Incorporation) Number) Identification No.) Highway 50 and Aerojet Road, Rancho Cordova, California 95670 - ------------------------------------------------------- ----- (Address of Principal Executive Offices) (Zip Code) P.O. Box 537012, Sacramento, California 95853-7012 - --------------------------------------- ---------- (Mailing Address) (Zip Code) Registrant's telephone number, including area code (916) 355-4000 Item 5. Other Events Attached hereto as Exhibit 99.1 and incorporated herein by this reference is the text of the registrant's press release which was issued on November 20, 2003. Exhibit 99.1 is a GenCorp Inc. press release dated November 20, 2003, in which GenCorp announced that the Board of Directors approved a project to close Snappon SA, a company located in Chartres (France), one of three GDX Automotive manufacturing facilities located in France. Item 7. Exhibits 99.1 GenCorp Inc.'s press release dated November 20, 2003. 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, thereunto duly authorized. GENCORP INC. By: /s/ Mark A. Whitney ---------------------------- Name: Mark A. Whitney Title: Vice President, Law; Deputy General Counsel and Assistant Secretary Dated: November 20, 2003 EXHIBIT INDEX Exhibit Number Description - -------------- ----------- 99.1 GenCorp's Inc.'s press release dated November 20, 2003. EX-99.1 3 e16285ex99_1.txt PRESS RELEASE GDX Automotive to Close French Plant SACRAMENTO, Calif., Nov. 20 /PRNewswire-FirstCall/ -- GenCorp Inc. (NYSE: GY) announced that the Board of Directors today approved a project to close Snappon SA, a company located in Chartres (France), one of three GDX Automotive manufacturing facilities located in France. The Chartres facility manufactures automotive sealing systems. The closure project is due to declining sales volumes with French automobile manufacturers. GDX Automotive will begin discussions with employee representatives in France and will develop employee transition programs for the approximately 260 employees that are expected to be affected by the plant closure. The contemplated closure of the Chartres facility is expected to be completed in the first half of 2004. After offsets for U.S. tax benefits, the project is not expected to consume significant cash. The Company expects that the costs of winding up the Chartres operations, completing employee transition programs and other closure costs, will result in a net charge to earnings in the second quarter of 2004 of approximately $10 to $15 million. During the fourth quarter of 2003, the Company expects to record impairment charges and asset write-downs related to the project, which are expected to be substantially offset by the U.S. tax benefits. Forward Looking Statements This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this release and in subsequent discussions with the Company's management, other than historical information, may be deemed to be forward-looking statements. These statements may present (without limitation) management's expectations, beliefs, plans and objectives, future financial performance and assumptions or judgments concerning such matters. A variety of factors could cause actual results or outcomes to differ materially from those expected by the Company and expressed in the Company's forward-looking statements. These factors are described in more detail in the Company's Annual Report on Form 10-K for the year ended November 30, 2002 and its subsequent filings with the U.S. Securities and Exchange Commission. Additional risks may be described from time-to-time in future filings with the U.S. Securities and Exchange Commission. All such risk factors are difficult to predict, contain material uncertainties that may affect actual results, and may be beyond the Company's control. GenCorp is a multi-national, technology-based manufacturer with operations in the automotive, aerospace, defense and pharmaceutical fine chemicals industries. Additional information about GenCorp can be obtained by visiting the Company's website at www.GenCorp.com. SOURCE GenCorp Inc. -0- 11/20/2003 /CONTACT: investors, Yasmin Seyal, senior vice president and chief financial officer, +1-916-351-8585, or press, Linda Beech Cutler, vice president, corporate communications, +1-916-351-8650, both of GenCorp Inc./ /Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20010108/SFM125LOGO AP Archive: http://photoarchive.ap.org PRN Photo Desk, 1-888-776-6555 or +1-212-782-2840/ /Web site: http://www.gencorp.com / (GY) CO: GenCorp Inc.; Snappon SA; GDX Automotive ST: California, France IN: CPR AUT CHM HEA MTC ARO SU: -----END PRIVACY-ENHANCED MESSAGE-----