-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, UFupB9R5cm/KV50exBkwgg+aEJvW6HyRr7ip5RvNhA+j4HFw+hvsvvUO8le+yy0n DIyXkfaiDgqKh/setSDNCQ== 0000950148-94-000028.txt : 19940121 0000950148-94-000028.hdr.sgml : 19940121 ACCESSION NUMBER: 0000950148-94-000028 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19940119 ITEM INFORMATION: 5 ITEM INFORMATION: 7 FILED AS OF DATE: 19940120 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KERR GROUP INC CENTRAL INDEX KEY: 0000055454 STANDARD INDUSTRIAL CLASSIFICATION: 3221 IRS NUMBER: 950898810 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 34 SEC FILE NUMBER: 001-07272 FILM NUMBER: 94501977 BUSINESS ADDRESS: STREET 1: 1840 CENTURY PARK EAST CITY: LOS ANGELES STATE: CA ZIP: 90067 BUSINESS PHONE: 310-556-2200 MAIL ADDRESS: STREET 1: 1840 CENTURY PARK EAST CITY: LOS ANGELES STATE: CA ZIP: 90067 FORMER COMPANY: FORMER CONFORMED NAME: KERR GLASS MANUFACTURING CORP DATE OF NAME CHANGE: 19920518 8-K 1 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): JANUARY 19, 1994. KERR GROUP, INC. -------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 1-7272 95-0898810 - ------------------- ---------- -------------- State or other jurisdiction (Commission) (IRS Employer of incorporation File Number) Identification Number) 1840 Century Park East, Los Angeles, California 90067 -------------------------------------------------------------- (Address of principal executive office) Registrant's telephone number, including area code (310) 556-2200 EXHIBIT INDEX APPEARS ON PAGE 5 Page 1 of 6 2 Item 5. Other Events On January 19, 1994, the Registrant announced that it intends to relocate its home canning cap and lid manufacturing operations from Chicago, Illinois to a new manufacturing facility in Jackson, Tennessee and to permanently cease operations in its leased facility in Chicago. The Registrant expects that this relocation will result in improved efficiencies and cost reductions of approximately $3,000,000 pre-tax per year ($1,836,000 after-tax or 50 cents per common share, primary and fully diluted, per year). Relocation to Jackson is expected to be completed by the end of 1994, with partial savings to be realized in 1995. Full savings are expected to be realized in 1996. The Registrant will record a reserve in the fourth quarter of 1993 for the expected costs associated with the relocation of the home canning cap and lid manufacturing operations of $4,500,000 pre-tax ($2,754,000 after-tax or 75 cents per common share, primary and fully diluted). A copy of the press release announcing the foregoing is attached hereto as Exhibit 1. - 2 - 3 Item 7. Financial Statements, Pro Forma Financial Information and Exhibits (a) and (b) - Not applicable. (c) Exhibits 1. Press Release, dated January 19, 1994. - 3 - 4 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. KERR GROUP, INC. By: /s/ D. Gordon Strickland ------------------------------ Name: D. Gordon Strickland Title: Senior Vice President, Finance Dated: January 19, 1994 - 4 - 5 EXHIBIT INDEX
EXHIBIT NO. DOCUMENT PAGE - ----------- -------- ---- 1 Press Release dated 6 January 19, 1994
- 5 - 6 1840 Century Park East (KERR LOGO) Los Angeles, CA 90067 (310) 556-2200 FOR IMMEDIATE RELEASE KERR TO RELOCATE HOME CANNING MANUFACTURING OPERATIONS SAVINGS OF 50 CENTS PER COMMON SHARE ANTICIPATED LOS ANGELES, CALIFORNIA, (January 19, 1994) - Kerr Group, Inc. (NYSE:KGM) today announced its intention to relocate its home canning cap and lid manufacturing operations from Chicago, Illinois to a new manufacturing facility in Jackson, Tennessee and to permanently cease operations in its leased facility in Chicago. The Company expects that this relocation will result in improved efficiencies and cost reductions of approximately $3,000,000 pre-tax per year ($1,836,000 after-tax or 50 cents per common share, primary and fully diluted, per year). Relocation to Jackson is expected to be completed by the end of 1994, with partial savings to be realized in 1995. Full savings are expected to be realized in 1996. The Company will record a reserve in the fourth quarter of 1993 for the expected costs associated with the relocation of the home canning cap and lid manufacturing operations of $4,500,000 pre-tax ($2,754,000 after-tax or 75 cents per common share, primary and fully diluted). Kerr, headquartered in Los Angeles, is a major producer of plastic packaging products and home canning supplies. ### Company Contact: D. Gordon Strickland Senior Vice President, Finance and Chief Financial Officer (310) 284-2585 -6-
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