-----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, VDZMbOxwiHX6oxzU90ZSRy5+7E9sScT/49o5NBp5DOrMcRM8a9DevkwaV2m0FQnX hIp8LLF5GwnFxq13UH5sug== 0000950127-06-000058.txt : 20060203 0000950127-06-000058.hdr.sgml : 20060203 20060203155448 ACCESSION NUMBER: 0000950127-06-000058 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060201 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060203 DATE AS OF CHANGE: 20060203 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ASSOCIATED MATERIALS INC CENTRAL INDEX KEY: 0000802967 STANDARD INDUSTRIAL CLASSIFICATION: PLASTICS PRODUCTS, NEC [3089] IRS NUMBER: 751872487 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-24956 FILM NUMBER: 06577963 BUSINESS ADDRESS: STREET 1: 3773 STATE ROAD STREET 2: # CITY: CUYAHOGA FALLS STATE: OH ZIP: 44223 BUSINESS PHONE: 330 929 1811 MAIL ADDRESS: STREET 1: 3773 STATE ROAD STREET 2: # CITY: CUYAHOGA FALLS STATE: OH ZIP: 44223 8-K 1 a8-k.txt CURRENT REPORT 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 February 1, 2006 Date of Report (Date of earliest event reported) ASSOCIATED MATERIALS INCORPORATED (Exact Name of Registrant as Specified in Its Charter) Delaware 000-24956 75-1872487 (State or Other Jurisdiction of (Commission File Number) (IRS Employer Incorporation) Identification No.) 3773 State Road Cuyahoga Falls, Ohio 44223 (Address of Principal Executive Offices) (330) 929-1811 (Registrant's Telephone Number, Including Area Code) 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 (see General Instruction A.2. below): [ ] 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)) Item 5.02(b). Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers On February 3, 2006, Associated Materials Incorporated (the "Company") issued a press release announcing the resignation of its Chairman, President and Chief Executive Officer, Michael Caporale, by mutual agreement with the Company's Board of Directors. Mr. Caporale will remain with the Company until his successor is named and his responsibilities transitioned. In addition, he will remain on the Company's Board of Directors as non-executive chairman. The precise terms and conditions of his departure have not yet been finalized. The material terms of any separation agreement will be described in a separate Current Report on Form 8-K and such agreement will be filed as an exhibit thereto when the terms become final. This press release is filed as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference. Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit Number Description of Document - -------------- ----------------------- 99.1 Press Release of Associated Materials Incorporated, dated February 3, 2006 SIGNATURE 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. ASSOCIATED MATERIALS INCORPORATED DATE: February 3, 2006 By: /s/ D. Keith LaVanway ------------------------------- D. Keith LaVanway Vice President - Finance, Chief Financial Officer, Treasurer and Secretary EXHIBIT INDEX Exhibit No. Exhibit - ----------- ------- 99.1 Press Release of Associated Materials Incorporated, dated February 3, 2006 EX-99.1 2 ex99-1.txt PRESS RELEASE Exhibit 99.1 NEWS RELEASE ASSOCIATED MATERIALS INCORPORATED ANNOUNCES CHIEF EXECUTIVE OFFICER TO LEAVE COMPANY UPON TRANSITION TO SUCCESSOR CUYAHOGA FALLS, Ohio, February 3 -- Associated Materials Incorporated ("AMI" or the "Company") announced today that Michael Caporale has resigned as AMI's Chairman, President and Chief Executive Officer by mutual agreement with the Company's Board of Directors. Mr. Caporale will remain with the Company until his successor is named and his responsibilities transitioned. In addition, he will remain on the Company's Board of Directors as non-executive chairman. AMI's Board has retained an executive search firm to help identify highly qualified candidates to lead the Company on a permanent basis. In a joint statement, Chris Stadler of Investcorp and Ira Kleinman of Harvest Partners said, "We appreciate the many contributions that Mike has made over the years with AMI and we wish him well in his future endeavors." Messrs. Stadler and Kleinman continued, "We are excited about our continued partnership with Associated Materials and its management team and believe very strongly in the Company's future. We thank our loyal customers and employees for contributing to the success of the Company over the past several years and look forward to continuing to work with them to grow the business in the future." Associated Materials Incorporated is a leading manufacturer of exterior residential building products, which are distributed through company-owned distribution centers and independent distributors across North America. AMI produces a broad range of vinyl windows, vinyl siding, aluminum trim coil, aluminum and steel siding and accessories, as well as vinyl fencing, decking and railing. AMI is a privately held, wholly-owned subsidiary of Associated Materials Holdings Inc., a wholly-owned subsidiary of AMH Holdings, Inc. ("AMH"), a wholly-owned subsidiary of AMH Holdings II, Inc., which is controlled by affiliates of Investcorp S.A. and Harvest Partners, Inc. For more information, please visit the Company's website at http://www.associatedmaterials.com. Founded in 1982, Investcorp is a global investment group with offices in New York, London and Bahrain. The firm has four lines of business: corporate investment, real estate investment, asset management and technology investment. It has completed transactions with a total acquisition value of more than $28 billion. For more information on Investcorp please visit its website at http://www.investcorp.com. Harvest Partners is a private equity investment firm with a long track record of building value in businesses and generating attractive returns on investment. Founded in 1981, Harvest Partners has approximately $1 billion of invested capital under management. For more information on Harvest Partners please visit its website at http://www.harvpart.com. This press release contains certain forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995) relating to AMI and AMH that are based on the beliefs of AMI's and AMH's management. When used in this press release, the words "may," "will," "should," "expect," "intend," "estimate," "anticipate," "believe," "predict," "potential" or "continue" or similar expressions identify forward-looking statements. These statements are subject to certain risks and uncertainties. Such statements reflect the current views of AMI's and AMH's management. The following factors, and others which are discussed in AMI's and AMH's filings with the Securities and Exchange Commission, are among those that may cause actual results to differ materially from the forward-looking statements: changes in the home building industry, general economic conditions, interest rates, foreign currency exchange rates, changes in the availability of consumer credit, employment trends, levels of consumer confidence, consumer preferences, changes in raw material costs and availability, market acceptance of price increases, changes in national and regional trends in new housing starts, changes in weather conditions, the Company's ability to comply with certain financial covenants in loan documents governing its indebtedness, increases in levels of competition within its market, availability of alternative building products, increases in its level of indebtedness, increases in costs of environmental compliance, increase in capital expenditure requirements, potential conflict between Alside and Gentek distribution channels, and shifts in market demand. Should one or more of these risks or uncertainties materialize, or should underlying assumptions or estimates prove incorrect, actual results may vary materially from those described herein as expected, intended, estimated, anticipated, believed or predicted. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. For further information, contact: D. Keith LaVanway Chief Financial Officer (330) 922-2004 Cyndi Sobe Vice President, Finance (330) 922-7743 -----END PRIVACY-ENHANCED MESSAGE-----