8-K

 
                       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 21, 1997



                           APOGEE ENTERPRISES, INC.
            ------------------------------------------------------
            (Exact name of registrant as specified in its charter)
 
 
 
                                                        
 
           Minnesota                       0-6365                41-0919654
- ---------------------------------     ----------------       -------------------
  (State or other jurisdiction        (Commission File        (I.R.S. Employer
of incorporation or organization)          Number)           Identification No.)

 
7900 Xerxes Avenue South, Suite 1800
   Minneapolis, Minnesota                    55431               (612) 835-1874
- ------------------------------------      ----------     ----------------------------
(Address of principal executive           (Zip Code)       (Registrant's telephone
           offices)                                      number, including area code)
 

                                Not Applicable
- --------------------------------------------------------------------------------
        (Former name or former address, if changed since last report.)

 
Item 5.  Other Events.
         ------------

         The Company announced on August 21, 1997 that it anticipated taking an
after-tax restructuring charge in its third quarter of between $11,000,000 and
$16,000,000 in connection primarily with the restructuring of its New
Construction curtainwall unit's international operations. The unit is part of
the Company's Building Products & Services segment. The Company is attaching, as
Exhibit 99.1 hereto, and incorporating herein by reference, its press release
dated August 21, 1997.

Item 7.  Financial Statements and Exhibits
         ---------------------------------

Exhibits:

99.1     Press release, dated August 21, 1997


                                   Signature
                                   ---------

     Pursuant to the requirements of Section 12 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.

Date: August 21, 1997

                                    APOGEE ENTERPRISES, INC.         


                                       
                                    By /s/ Robert G. Barbieri 
                                       -------------------------------- 
                                       Robert G. Barbieri                   
                                       Controller                         


                                      -2-



 
                                EXHIBITS INDEX 


Exhibit No.                                                            Page
- -----------                                                            ----

99.1          Press Release, dated August 21, 1997.................

                                      -3-

EX-99.1

 
APOGEE ENTERPRISES, INC. ANNOUNCES RESTRUCTURING OF NEW CONSTRUCTION BUSINESS


MINNEAPOLIS, Minnesota, August 21, 1997--Apogee Enterprises, Inc. (Nasdaq: APOG)
announced the restructuring of its New Construction business unit.

BUILDING PRODUCTS & SERVICES-RESTRUCTURING

Apogee announced that it anticipates taking an after-tax charge in its third
quarter of between $11 million and $16 million to restructure its New
Construction curtainwall unit which is a part of its Building Products &
Services segment. The restructuring plan, which is expected to be developed next
quarter, will primarily focus on downsizing New Construction's international
operations. The charge will primarily cover expenses relating to existing Asian
operations and rationalization of excess manufacturing capacity in Europe. "This
planned restructuring is designed to return our curtainwall business to
profitability by focusing a smaller New Construction unit on its profitable U.S.
and United Kingdom market opportunities," said Donald W. Goldfus, Apogee's
Chairman, Chief Executive Officer and President.

CAUTIONARY STATEMENT

The discussion above contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. A number of factors should
be considered in conjunction with the above forward-looking statements,
including changes in economic and market conditions, factors related to
competitive pricing, commercial building market conditions, management of
growth, the integration of acquisitions, the realization of expected economies
gained through expansion and information systems technology, and other factors
set forth in the cautionary statements included in Exhibit 99 to Apogee's Form
10-K filed with the Securities and Exchange Commission. Apogee wishes to caution
investors and others to review the statements set forth in Exhibit 99 and that
other factors may prove to be important in affecting Apogee's business or
results of operations.

Apogee Enterprises, Inc. is a leading fabricator, distributor and installer of 
value-added glass products and systems.  The company is organized into three 
operating segments: Building Products & Services (BPS), Glass Technologies (GT) 
and Auto Glass (AG).  Headquartered in Minneapolis, the Company's stock is 
traded on the Nasdaq Stock Market under the symbol APOG.

For more information on Apogee Enterprises, Inc. via facsimile at no cost, 
simply dial 1-800-PRO-INFO and enter the company code ticker APOG.