-----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, GFuoQ4gDsWnc2DGPOFCZnxo+BTJZVIEhhLHFGKiG70/9RwZQps78o6ajs5Ssy8Eh SKLWjYA7Tpjpthq6poBLvA== 0000950172-98-001050.txt : 19981012 0000950172-98-001050.hdr.sgml : 19981012 ACCESSION NUMBER: 0000950172-98-001050 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19981009 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19981009 SROS: NYSE SROS: PCX 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: 98723093 BUSINESS ADDRESS: STREET 1: 281 TRESSER BOULEVARD STREET 2: C/O TWO STAMFORD PLZ CITY: STAMFORD STATE: CT ZIP: 06901 BUSINESS PHONE: 2039690666 MAIL ADDRESS: STREET 1: 5794 W LAS POSITAS BLVD CITY: PLEASANTON STATE: CA ZIP: 945888781 8-K 1 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 October 9, 1998 (October 5, 1998) ________________________________________________ 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 October 5, 1998 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 October 5, 1998. 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: October 9, 1998 HEXCEL CORPORATION By: /s/ Ira J. Krakower ------------------------------ Name: Ira J. Krakower Title: Senior Vice President, General Counsel and Secretary EXHIBIT INDEX Exhibit No. Description ----------- ----------- 99.1 Press Release issued by the Company on October 5, 1998 EX-99 2 EXHIBIT 99.1 - PRESS RELEASE Exhibit 99.1 CONTACT: MEDIA: RONALD S. ZIEMBA 203-969-0666 EXT. 405 RON.ZIEMBA@HEXCEL.COM INVESTORS: STEPHEN C. FORSYTH 203-969-0666 EXT. 425 STEPHEN.FORSYTH@HEXCEL.COM HEXCEL ANNOUNCES ADDITIONAL STOCK BUYBACK STAMFORD, CT, October 5, 1998 -- Hexcel Corporation (NYSE/PCX: HXL) announced today that its board of directors authorized the company to repurchase up to an additional $10 million of its common stock. The company also said that its board of directors may approve additional stock buybacks from time to time subject to market conditions and the terms of its credit agreements. The purchases may be made in the open market at prevailing prices or in privately negotiated transactions. The company has approximately 36,323,705 shares outstanding, with two large stockholders holding about 60% of these shares. Hexcel also announced that it completed its previously announced program to repurchase $10 million of its outstanding common stock. During the period from August 6, 1998 to September 10, 1998, Hexcel repurchased a total of 811,700 shares at an average cost of $12.32 per share. Hexcel Corporation is the world's leading advanced structural materials company. It manufactures lightweight, high performance carbon fibers, structural fabrics, composite materials and engineered products for use in commercial aerospace, electronics, space and defense, recreation and general industrial applications. Hexcel's 1997 revenues were $937 million. -----END PRIVACY-ENHANCED MESSAGE-----