-----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, TyzPbFsKNTVBhFlSBOShlPVvgQXPHz6MXDae8BYuNhCFXWrds9ecbl0kc7CdAkgd UZRz806+IjMHoP7fboVToQ== 0000950134-06-004753.txt : 20060310 0000950134-06-004753.hdr.sgml : 20060310 20060310172439 ACCESSION NUMBER: 0000950134-06-004753 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20060308 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060310 DATE AS OF CHANGE: 20060310 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PENTAIR INC CENTRAL INDEX KEY: 0000077360 STANDARD INDUSTRIAL CLASSIFICATION: SPECIAL INDUSTRY MACHINERY (NO METALWORKING MACHINERY) [3550] IRS NUMBER: 410907434 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-04689 FILM NUMBER: 06680273 BUSINESS ADDRESS: STREET 1: 5500 WAYZATA BLVD. STREET 2: SUITE 800 CITY: GOLDEN VALLEY STATE: MN ZIP: 55416 BUSINESS PHONE: 763-545-1730 MAIL ADDRESS: STREET 1: 5500 WAYZATA BLVD. STREET 2: SUITE 800 CITY: GOLDEN VALLEY STATE: MN ZIP: 55416 FORMER COMPANY: FORMER CONFORMED NAME: PENTAIR INDUSTRIES INC DATE OF NAME CHANGE: 19790327 8-K 1 c03305e8vk.htm FORM 8-K e8vk
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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): March 8, 2006
Commission file number 1-11625
Pentair, Inc.
(Exact name of Registrant as specified in its charter)
     
Minnesota   41-0907434
     
(State or other jurisdiction of incorporation or organization)   (I.R.S. Employer Identification number)
     
5500 Wayzata Blvd, Suite 800, Golden Valley, Minnesota   55416
     
(Address of principal executive offices)   (Zip code)
     
Registrant’s telephone number, including area code: (763) 545-1730  
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 CFR 230.425)
 
    ¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
    ¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
    ¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 

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ITEM 8.01 Other Events
ITEM 9.01 Financial Statements and Exhibits
SIGNATURE

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ITEM 8.01 Other Events
On March 8, 2006, we received notice regarding the resolution of our outstanding dispute with The Black and Decker Corporation (“BDK”) on the net asset value of our former Tools Group. The decision by the arbitrator constitutes a final resolution of all disputes between BDK and us regarding the definition of net asset value. The purchase price adjustment amounts to $16.1 million, of which $12.7 million was previously reserved. This will result in an incremental pre-tax charge to loss on disposal of discontinued operations of $3.4 million in the first quarter of 2006.
On October 2, 2004, we completed the sale of our former Tools Group to BDK for $796.8 million in cash, subject to post-closing adjustments. The Tools Group was primarily comprised of the Porter Cable®, Delta®, DeVilbiss Air Power, Oldham Saw, and FLEX® brands. In the second quarter of 2005, we paid $10.4 million to BDK for purchase price adjustments. As a result of the dispute resolution, we expect to pay the $16.1 million purchase price adjustment plus interest of $1.1 million to BDK in the first quarter of 2006.
ITEM 9.01 Financial Statements and Exhibits
(a)   Financial Statements of Businesses Acquired
Not applicable.
 
(b)   Pro Forma Financial Information
Not applicable.
 
(c)   Shell Company Transactions
Not applicable.
 
(d)   Exhibits
Not applicable.

 

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SIGNATURE
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, thereunto duly authorized, on March 10, 2006.
         
  PENTAIR, INC.
Registrant
 		  
  By /s/ David D. Harrison    
  David D. Harrison   
  Executive Vice President and Chief Financial Officer (Chief Accounting Officer)   
 

 

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