-----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, HfLDcBclhF70BZOTg+lVKhm4l6CW4ibG0pOVGSjNWsTwuOm+ABtBUKQT/QPrXSGG L5bzzqdGbk83TlLxcihC6g== 0000067347-05-000249.txt : 20050818 0000067347-05-000249.hdr.sgml : 20050818 20050818153509 ACCESSION NUMBER: 0000067347-05-000249 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20050818 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050818 DATE AS OF CHANGE: 20050818 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MODINE MANUFACTURING CO CENTRAL INDEX KEY: 0000067347 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] IRS NUMBER: 390482000 STATE OF INCORPORATION: WI FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-01373 FILM NUMBER: 051035911 BUSINESS ADDRESS: STREET 1: 1500 DEKOVEN AVE CITY: RACINE STATE: WI ZIP: 53403 BUSINESS PHONE: 2626361200 8-K 1 f8k_closebens.htm CLOSING OF BENSALEM PLANT Closing of Bensalem Plant
UNITED STATES

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):

August 18, 2005


Modine Manufacturing Company
Exact name of registrant as specified in its charter


Wisconsin
1-1373
39-0482000
State or other jurisdiction of incorporation
Commission File Number
I.R.S. Employer Identification Number


1500 DeKoven Avenue, Racine, Wisconsin
53403
Address of principal executive offices
Zip Code


Registrant's telephone number, including area code:
(262) 636-1200

Check the appropriate 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




TABLE OF CONTENTS

ITEM 8.     Other Events.

ITEM 9.     Financial Statements and Exhibits

Signature

Exhibit Index

EX-99      Press Release dated August 18, 2005.




INFORMATION TO BE INCLUDED IN THE REPORT


Item 8.   Other Events.

On August 18, 2005 Modine Manufacturing Company announced it is shifting production for its newest products under the Airedale brand from Bensalem, Pennsylvania to other U.S. plants. A news release is attached hereto as exhibit 99.

Item 9.   Financial Statements and Exhibits.

Exhibit 99
News Release



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.


Modine Manufacturing Company
 
 
By: /s/ D. B. Rayburn
     D. B. Rayburn
     President and Chief Executive Officer
 
 
By: /s/ D. R. Zakos
     D. R. Zakos
     Vice President, General Counsel and
     Secretary

Date: August 18, 2005





EXHIBIT INDEX


Exhibit Number
Description
Exhibit 99
Modine Manufacturing Company announces it is shifting production for its products under the Airedale brand from Bensalem, Pennsylvania to other U.S. plants.

EX-99 2 exh99.htm NEWS RELEASE News Release
Modine Logo
NEWS RELEASE
Exhibit 99

For Immediate Release
Investor Contact: Dave Prichard 262-636-8434 d.a.prichard@na.modine.com
Media Contact: Lori Stafford 262-636-1001 l.stafford@na.modine.com
 
Modine Transfers Production of Airedale Air Conditioning Products from Pennsylvania Facility to other U.S. Plants

Racine, WI, August 18, 2005 - Modine Manufacturing Company (NYSE: MOD), a diversified world leader in heating and cooling technology and solutions, announced today it is shifting production for its newest products under the Airedale brand from Bensalem, Pennsylvania to other U.S. plants.
 
Airedale, a private company which Modine acquired in May of this year, is a leading designer and manufacturer of specialty air conditioning systems sold in more than 50 countries worldwide. The facility in Bensalem produces specialty product lines for non-residential air conditioner systems for schools, offices and other commercial spaces. The Airedale Bensalem plant will cease production in phases over the next six months. Those products will then be manufactured at two other Modine U.S. facilities, in Buena Vista, Virginia and West Kingston, Rhode Island. Affected workers will receive a severance package and outplacement counseling/job assistance.
 
“We’ve analyzed the Bensalem operation over the last three months to develop a North American manufacturing plan that would allow us to meet our customers, shareholders, and overall company needs now and into the future,” said Wayne Canfield, Modine’s General Manager Commercial HVAC Division. “The people and products made in Bensalem are world-class, and it is unfortunate that 60 employees will be losing their jobs. However, consolidation is the best overall option for Modine.”
 
Modine, with record fiscal 2005 revenues and operating cash flow of $1.5 billion and $156 million, respectively, specializes in thermal management systems and components, bringing heating and cooling technology and solutions to diversified global markets. The Company’s products are used in light, medium, and heavy-duty vehicles, HVAC equipment, industrial equipment, refrigeration systems, fuel cells and electronics. Modine employs 8,200 people worldwide at 35 facilities. More information about Modine can be found at www.modine.com.

This news release may contain statements, including information about future financial performance, accompanied by phrases such as "believes," "estimates," "expects," "plans," "anticipates," "will," "intends," and other similar "forward-looking" statements, as defined in the Private Securities Litigation Reform Act of 1995. Modine's actual results, performance or achievements may differ materially from those expressed or implied in these statements, because of certain risks and uncertainties, which are identified on page 36 of the Company's 2005 Annual Report to Shareholders and other recent Company filings with the Securities and Exchange Commission. Specifically, this news release contains forward-looking statements regarding incremental business. These forward-looking statements are particularly subject to a number of risks and uncertainties, including international economic changes and challenges; market acceptance and demand for new products and technologies; the ability of Modine, its customers and suppliers to achieve projected sales and production levels; and unanticipated product or manufacturing difficulties. Modine does not assume any obligation to update any of these forward-looking statements.




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-----END PRIVACY-ENHANCED MESSAGE-----