-----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, QnuioJrpjHuAO69N/IT+/RbU8B+qGCTngQFxuC+nWwMI9qCPcFau5z6Tr/7JbIHG IPmCg8cmJ4Hnd1GkJu/fIQ== 0000717605-99-000009.txt : 19991209 0000717605-99-000009.hdr.sgml : 19991209 ACCESSION NUMBER: 0000717605-99-000009 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19991207 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19991208 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HEXCEL CORP /DE/ CENTRAL INDEX KEY: 0000717605 STANDARD INDUSTRIAL CLASSIFICATION: METAL FORGING & STAMPINGS [3460] IRS NUMBER: 941109521 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-08472 FILM NUMBER: 99770371 BUSINESS ADDRESS: STREET 1: 281 TRESSER BOULEVARD STREET 2: TWO STAMFORD PLZ CITY: STAMFORD STATE: CT ZIP: 06901 BUSINESS PHONE: 2039690666 MAIL ADDRESS: STREET 1: 281 TRESSER BLVD. STREET 2: TWO STAMFORD PLAZA, 16TH FLOOR CITY: STAMFORD STATE: CT ZIP: 06901-8781 8-K 1 FORM 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 December 8, 1999 (December 7, 1999) ------------------------------------------------ Date of report (Date of earliest event reported) Hexcel Corporation ------------------------------------------------------ (Exact Name of Registrant as Specified in Charter) Delaware 1-8472 94-1109521 -------------- --------------------- ------------------ (State of (Commission File No.) (IRS Employer Incorporation) Identification No.) Two Stamford Plaza 281 Tresser Boulevard Stamford, Connecticut 06901-3238 ------------------------------------------------------------ (Address of Principal Executive Offices and Zip Code) (203) 969-0666 ---------------------------------------------------- (Registrant's telephone number, including area code) N/A ------------------------------------------------------------- (Former Name or Former Address, if Changed Since Last Report) Item 5. Other Events. A copy of the press release issued by Hexcel Corporation, a Delaware corporation (the "Company"), on December 7, 1999 is filed as Exhibit 99.1 to this Current Report and is incorporated herein by reference. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. (c) Exhibits 99.1 Press Release issued by the Company on December 7, 1999. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: December 8, 1999 HEXCEL CORPORATION By: /s/ Kirk G. Forbeck ------------------------------------ Name: Kirk G. Forbeck Title: Chief Accounting Officer EXHIBIT INDEX Exhibit No. Description - ----------- ----------- 99.1 Press Release issued by the Company on December 7, 1999 EX-99 2 EXHIBIT 99.1 - PRESS RELEASE EXHIBIT 99.1 NEWS RELEASE HEXCEL CORPORATION, 281 TRESSER BOULEVARD, STAMFORD, CT 06901 (203) 969-0666 CONTACTS INVESTORS: STEPHEN C. FORSYTH 203-969-0666 EXT. 425 stephen.forsyth@hexcel.com MEDIA: DAVID M. WONG 203-969-0666 EXT. 422 dave.wong@hexcel.com HEXCEL ANNOUNCES IT IS REVIEWING THE STRATEGIC OPTIONS FOR ITS ENGINEERED PRODUCTS BUSINESS STAMFORD, CT, December 7, 1999 - Hexcel Corporation (NYSE/PCX: HXL) today announced it has retained Credit Suisse First Boston to explore strategic alternatives for its Engineered Products business, including a possible sale. Mr. John J. Lee, Chairman & CEO, commented: "Hexcel today operates in a broad range of applications and product technologies. As we optimize our business portfolio, it is important to understand the strategic opportunities and investment needs of each segment of our business. We can then decide how we will prioritize further management focus and investments among the business segments." Hexcel's Engineered Products business is a leader in the design, engineering and fabrication of composite structures and interiors. The business, formally known as Heath Tecna, is organized into two business units. Hexcel Structures (Kent division) is focused on the production of composite structural and interior components for new commercial and military aircraft. Hexcel Interiors (Bellingham division) designs and manufactures commercial aircraft interior components and systems for OEM, refurbishment and reconfiguration applications. Its products include Hexcel's innovative stowage bin expansion kit that increases passenger carry-on luggage capacity on existing aircraft and consequently speeds gate operations for airlines. Hexcel acquired the Engineered Products business as part of its 1996 acquisition of Ciba Geigy's worldwide composites business. The Engineered Products business employs approximately 1,400 people and has its headquarters and facilities in Kent and Bellingham, WA. * * * Hexcel Corporation is the world's leading advanced structural materials company. It designs, manufactures and markets lightweight, high reinforcement products, composite materials and engineered products for use in commercial aerospace, space and defense, electronics, general industrial, and recreation applications. - -------------------------------------------------------------------------------- DISCLAIMER ON FORWARD LOOKING STATEMENTS This press release contains statements that are forward looking, including statements relating to Hexcel's mix of application markets and product technologies, and its plans and timing of a strategic review of the options for its engineered products business. Additional risk factors are described in the company's filings with the SEC. The company does not undertake an obligation to update its forward looking statements to reflect future events or circumstances. - -------------------------------------------------------------------------------- -----END PRIVACY-ENHANCED MESSAGE-----