-----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, VZH5c+HfBTQGQo1hxvwWxaFgh7+WXrtvk72RE3itd3yz8bCPCvME7YeZKaE1aFln V5NZaNwhRpDXurOSOmsHzg== 0000057139-08-000043.txt : 20081202 0000057139-08-000043.hdr.sgml : 20081202 20081201174322 ACCESSION NUMBER: 0000057139-08-000043 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20081201 ITEM INFORMATION: Results of Operations and Financial Condition FILED AS OF DATE: 20081202 DATE AS OF CHANGE: 20081201 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LABARGE INC CENTRAL INDEX KEY: 0000057139 STANDARD INDUSTRIAL CLASSIFICATION: SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS [3812] IRS NUMBER: 730574586 STATE OF INCORPORATION: DE FISCAL YEAR END: 0608 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05761 FILM NUMBER: 081223394 BUSINESS ADDRESS: STREET 1: 9900 CLAYTON ROAD CITY: ST LOUIS STATE: MO ZIP: 63124 BUSINESS PHONE: 3149970800 MAIL ADDRESS: STREET 1: PO BOX 14499 CITY: ST LOUIS STATE: MO ZIP: 63178-4499 FORMER COMPANY: FORMER CONFORMED NAME: DORSETT ELECTRONICS INC DATE OF NAME CHANGE: 19690406 8-K 1 lbi_form8k12108eclipse.htm FORM 8-K Form 8-K

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):  December 1, 2008 (November 25, 2008)

LABARGE, INC.

(Exact name of registrant as specified in its charter)

             Delaware                                                      001-05761                                  73-0574586

   (State or other jurisdiction of                              (Commission                          (I.R.S. Employer

   incorporation or organization)                             File Number)                         Identification No.)

 


            9900 Clayton Road










            St. Louis, Missouri





       





     63124










   (Address of principal executive offices) 





  (Zip Code)
















(314) 997-0800



(Registrant's telephone number, including area code)






N/A



(Former name and 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.



□  Soliciting material pursuant to Rule 14a-12 under the Exchange Act.



□  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.



□  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.































Item 2.02.       Results of Operations and Financial Condition.






On November 25, 2008, Eclipse Aviation Corporation (“Eclipse”), a customer of LaBarge, Inc. (the “Company”) announced that it filed a petition for relief under Chapter 11 of the United States Bankruptcy
Code. Based on motions filed with the bankruptcy court, it appears that a major shareholder of Eclipse may seek to acquire the assets of Eclipse out of the bankruptcy estate and continue operations. As noted in its prior filings with the Securities and Exchange
Commission, the Company faces exposure relating to the collection of trade receivables from Eclipse and the recovery of the full value of inventory for orders related to the Eclipse very light jet program.  The Company estimates its current exposure in the
Eclipse bankruptcy proceeding to be approximately $3.8 million in trade receivables and approximately $4.0 million in inventory, for an aggregate estimated exposure of approximately $7.8 million.  In addition, the Company’s current backlog related to this
program of approximately $39.6 million may be substantially reduced. 



In the event that Eclipse is able to continue operations, the Company believes that there is a reasonable likelihood its exposure in the Eclipse bankruptcy may be reduced.  The Company also anticipates
that in the event of a continuation of Eclipse’s operations, if any, there will likely be significant further delays in the Company’s shipments on the Eclipse program, which have been on hold since August, 2008.  If Eclipse is unable to continue its
operations, the Company may not collect the trade receivables or recover the full value of the inventory related to this program, which could result in a charge to earnings of approximately $7.8 million.



The information set forth in this Current Report on Form 8-K is being furnished pursuant to Item 2.02 and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934,
as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific
reference in such filing.



Forward Looking Statements



This Current Report on Form 8-K may contain forward-looking statements that are based on management’s expectations and beliefs concerning future events impacting the Registrant.  Certain matters
contained herein are based upon information available to management as of the date hereof.  These forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions that are difficult to predict.  As a result,
actual results may differ materially and adversely from those expressed in any forward-looking statement.  Factors that may cause such a difference include, but are not limited to, risks and uncertainties described in the Registrant’s Annual and
Quarterly Reports on Form 10-K and 10-Q filed with the Securities and Exchange Commission.  The Registrant undertakes no obligation to revise or update publicly any forward-looking statements, except as required by law.



















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.











Dated:




       December 1, 2008




















LABARGE, INC.











 











By:   




/s/Donald H. Nonnenkamp











Name:   




Donald H. Nonnenkamp











Title:    




Vice President, Chief Financial



Officer and Secretary




















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