-----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, CL0Ff7gpjp9ns18T50ecTgkMTWDbGNh1provnwL2SxBnYfOXUYzuVGl2Ihs08o+a GR8apjjCxQf/p4uvbPFO8w== 0000950152-99-006708.txt : 19990813 0000950152-99-006708.hdr.sgml : 19990813 ACCESSION NUMBER: 0000950152-99-006708 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990812 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19990812 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GENCORP INC CENTRAL INDEX KEY: 0000040888 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] IRS NUMBER: 340244000 STATE OF INCORPORATION: OH FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-01520 FILM NUMBER: 99685609 BUSINESS ADDRESS: STREET 1: 175 GHENT RD CITY: FAIRLAWN STATE: OH ZIP: 44333 BUSINESS PHONE: 2168694200 MAIL ADDRESS: STREET 1: 175 GHENT RD CITY: FAIRLAWN STATE: OH ZIP: 44333 FORMER COMPANY: FORMER CONFORMED NAME: GENERAL TIRE & RUBBER CO DATE OF NAME CHANGE: 19840330 8-K 1 GENCORP INC. FORM 8-K 1 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) August 12, 1999 GenCorp Inc. - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Ohio 1-1520 34-0244000 - -------------------------------------------------------------------------------- (State of (Commission File Number) (IRS Employer incorporation) Identification No.) 175 Ghent Road, Fairlawn, Ohio 44333-3300 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) 330-869-4200 - -------------------------------------------------------------------------------- (Registrant's telephone number, including area code) 2 Item 5. Other Events - --------------------- Attached hereto as Exhibit 99 and incorporated herein by this reference is the text of the registrant's press release which was made on August 12, 1999. In its press release dated August 12, 1999 GenCorp announced that it is in preliminary discussions with another defense company regarding a possible joint venture with its Aerojet segment's propulsion operations in Sacramento, California. Item 7. Exhibits - ----------------- Table Exhibit Item No. Exhibit Description Number - -------- ------------------- ------ 99 Press release dated August 12, 1999 regarding 99 possible propulsion joint venture. 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/ Michael E. Hicks -------------------- Name: Michael E. Hicks Title: Senior Vice President and Chief Financial Officer Dated: August 12, 1999 EX-99 2 EXHIBIT 99 1 EXHIBIT 99 FOR IMMEDIATE RELEASE GENCORP DISCUSSING POSSIBLE PROPULSION JOINT VENTURE FAIRLAWN, OHIO, August, 12, 1999 (NYSE: GY) - GenCorp announced today that it is in preliminary discussions with another defense company regarding a possible joint venture with its Aerojet segment's propulsion operations in Sacramento, California. Discussions involve the formation of a new joint venture entity that would combine a significant portion of Aerojet's rocket propulsion, missile, and other energetic product operations (about one-third of the segment's net sales for the first six months of 1999, ended May 31) with similar operations of the other company. Both companies would hold a near equal ownership in this new joint venture entity, with Aerojet's potential joint venture partner having a majority interest. It is also expected that each owner would indemnify the new entity against certain liabilities, including environmental, relating to the operations contributed by that owner. "Aerojet's decision to consider joint venturing its propulsion business is the result of an extensive strategic evaluation over the past year to address the clear need for consolidation in an industry that suffers from excess capacity," said Bob - turn for GenCorp Ad 1 - 2 GenCorp Ad 1 Wolfe, President of Aerojet. "If successful, a joint venture could revitalize our existing business, enhance our position to that of a true leader in the propulsion industry, and assure a much healthier future in propulsion," he said. Because discussions are preliminary and dependent upon negotiations, no assurance can be given that this transaction will be completed, or what the timing and final terms will be. Any transaction is subject to, among other things, due diligence and negotiations, approval by the boards of both companies, clearance of a Hart-Scott-Rodino filing, and consent by the U.S. Department of Defense. In addition to the major role it plays in propulsion, Aerojet is a leader in advanced space electronics with expertise in satellite payloads used for remote sensing and surveillance, and ground systems hardware and software and a major producer of smart munitions. Aerojet is a segment of GenCorp, a technology-based manufacturer with leading positions in numerous polymer product markets and the automotive industry, in addition to aerospace and defense. # # # Company News On-Call: http://www.prnewswire.com ------------------------- For a fax call 800-758-5804, ext. 347350 Web site: http://www.gencorp.com ---------------------- -----END PRIVACY-ENHANCED MESSAGE-----