-----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, VxB1ILj3nxdmxCjrNDVyCOMEht4mZAYheK0ui8hg13c9uUzN/Lp2kxuEWiM9/OrI MMXXC9h5+Bd2RbaOoYOgQA== 0001104659-10-052141.txt : 20101013 0001104659-10-052141.hdr.sgml : 20101013 20101013083104 ACCESSION NUMBER: 0001104659-10-052141 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20101013 ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20101013 DATE AS OF CHANGE: 20101013 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MANITOWOC CO INC CENTRAL INDEX KEY: 0000061986 STANDARD INDUSTRIAL CLASSIFICATION: CONSTRUCTION MACHINERY & EQUIP [3531] IRS NUMBER: 390448110 STATE OF INCORPORATION: WI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11978 FILM NUMBER: 101120480 BUSINESS ADDRESS: STREET 1: 2400 SOUTH 44TH STREET CITY: MANITOWOC STATE: WI ZIP: 54221-0066 BUSINESS PHONE: 9206522222 MAIL ADDRESS: STREET 1: 2400 SOUTH 44TH STREET CITY: MANITOWOC STATE: WI ZIP: 54221-0066 8-K 1 a10-19221_28k.htm 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): October 13, 2010

 

The Manitowoc Company, Inc.

(Exact name of registrant as specified in its charter)

 

Wisconsin

 

1-11978

 

39-0448110

(State or other
jurisdiction of
incorporation)

 

(Commission File
Number)

 

(IRS Employer
Identification No.)

 

2400 S. 44th Street, Manitowoc, Wisconsin 54221-0066

(Address of principal executive offices, including ZIP code)

 

(920) 684-4410

(Registrant’s telephone number, including area code)

 

 

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 C.F.R. §230.425)

 

£            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 C.F.R. §240.14a-12)

 

£            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 C.F.R. §240.14d-2(b))

 

£            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 C.F.R. §240.13e-4(c))

 

 

 


 

Item 9.01.                                          Financial Statements and Exhibits.

 

(a)                                  Not applicable.

 

(b)                                 Not applicable.

 

(c)                                  Not applicable.

 

(d)                                 Exhibits.  The following exhibit is being filed herewith:

 

(12.1)                   Statement of Computation of Ratio of Earnings to Fixed Charges.

 

2


 

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.

 

 

THE MANITOWOC COMPANY, INC.

 

 

 

 

Date: October 13, 2010

By:

/s/ Carl J. Laurino

 

 

Carl J. Laurino

 

 

Senior Vice President and Chief Financial Officer

 

3


 

THE MANITOWOC COMPANY, INC.

FORM 8-K

EXHIBIT INDEX

 

Exhibit
Number

 

Description

 

 

 

(12.1)

 

Statement of Computation of Ratio of Earnings to Fixed Charges.

 

4

 EX-12.1 2 a10-19221_2ex12d1.htm EX-12.1

Exhibit 12.1

 

The Manitowoc Company, Inc.

Statement of Computation of Ratio of Earnings to Fixed Charges

(in thousands, except ratio data)

 

 

 

Six month period
ended June 30,

 

 

 

For the Year Ended December 31,

 

 

 

 

 

2010

 

2009

 

2008

 

2007

 

2006

 

2005

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings from continuing operations before income taxes (3)

 

$

(18.6

)

$

(705.4

)

$

79.2

 

$

436.9

 

$

233.8

 

$

83.0

 

Fixed charges

 

119.5

 

227.5

 

65.6

 

45.5

 

54.2

 

61.0

 

Total earnings available for fixed charges

 

$

100.9

 

$

(477.9

)

$

144.8

 

$

482.4

 

$

288.0

 

$

144.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

83.8

 

$

174.0

 

$

51.6

 

$

35.1

 

$

44.9

 

$

51.7

 

Amortization of deferred financing costs (1)

 

27.8

 

38.0

 

2.5

 

1.1

 

1.4

 

2.1

 

Portion of rent deemed interest factor (2)

 

7.9

 

15.5

 

11.5

 

9.3

 

7.9

 

7.2

 

Total fixed charges

 

$

119.5

 

$

227.5

 

$

65.6

 

$

45.5

 

$

54.2

 

$

61.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

0.8x

 

-2.1x

 

2.2x

 

10.6x

 

5.3x

 

2.4x

 

 

Notes for explanations:

 

(1) Amortization of deferred financing costs was included in interest expense in the company’s Consolidated Statement of Operations prior to 2009:

 

Interest expense per Consolidated Statements of Operations

 

$

83.8

 

$

 174.0

 

$

54.1

 

$

36.2

 

$

46.3

 

$

53.8

 

Less amortization of deferred financing costs

 

—

 

—

 

2.5

 

1.1

 

1.4

 

2.1

 

Interest expense

 

$

83.8

 

$

 174.0

 

$

51.6

 

$

35.1

 

$

44.9

 

$

51.7

 

 

(2) One third of all rent expense is deemed representative of the interest factor

 

(3) 2009 amounts include the impact of $700.0 million of non-cash impairment changes.

 

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