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) September 9, 2011
AMPHENOL CORPORATION
(Exact Name of Registrant as Specified in Charter)
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Delaware |
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1-10879 |
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22-2785165 |
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(State or Other Jurisdiction of Incorporation) |
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(Commission File Number) |
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(IRS Employer Identification No.) |
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358 Hall Avenue, Wallingford, Connecticut |
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06492 |
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(Address of Principal Executive Offices) |
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(Zip Code) |
Registrant’s telephone number, including area code (203) 265-8900
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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events
On September 8, 2011, Amphenol Corporation issued a press release relating to the effect of recent flooding at its Sidney, New York manufacturing facility. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.
Statements in this Form 8-K, which are other than historical facts, are intended to be “forward-looking statements” within the meaning of the Securities Exchange Act of 1934, the Private Securities Litigation Reform Act of 1995 and other related laws. While the Company believes such statements are reasonable, the actual results and effects could differ materially from those currently anticipated. Please refer to Part I, Item 1A of the Company’s Form 10-K for the year ended December 31, 2010, for some factors that could cause the actual results to differ from estimates. In providing forward-looking statements, the Company is not undertaking any duty or obligation to update these statements publicly as a result of new information, future events or otherwise.
Item 9.01 Financial Statements and Exhibits.
Exhibit 99.1 Press Release dated September 8, 2011
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 hereunto duly authorized.
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AMPHENOL CORPORATION |
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By: |
/s/ Diana G. Reardon |
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Diana G. Reardon |
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Executive Vice President |
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and Chief Financial Officer |
Date: September 9, 2011
EXHIBIT 99.1
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Amphenol |
News Release |
World Headquarters
358 Hall Avenue
P. O. Box 5030
Wallingford, CT 06492-7530
Telephone (203) 265-8900
FOR IMMEDIATE RELEASE
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For Further Information: Diana G. Reardon Executive Vice President and Chief Financial Officer 203/265-8630 www.amphenol.com |
AMPHENOL REPORTS ON
EFFECTS OF RECENT FLOODING IN NEW YORK STATE
Wallingford, Connecticut. September 8, 2011. Amphenol Corporation (NYSE-APH) announced today that it has incurred flood damage at its Sidney, New York manufacturing facility. The Sidney facility primarily serves the military/aerospace market. The entire region has been severely impacted by high rainfall and the back to back impacts of Hurricane Irene and Tropical Storm Lee, resulting in an unexpected and historic rise in water levels as well as pervasive flooding in the region. The Sidney facility incurred flood related damage in 2006 as a result of severe and sudden flooding in the area in June of that year. As a result of the 2006 event, which was considered historic and unprecedented in the region, significant flood abatement actions were taken by the Company and state and local governments. We believe these actions will help to mitigate the loss from this potentially even more severe flood.
The Company is currently assessing the extent of property damage at the facility and the anticipated duration of business interruption, including an estimate of the sales impact. Preliminary estimates of flood related losses, in excess of related insurance coverage, are in the range of $20 to $35 million or $.07 to $.13 per share. Because of the recent occurrence of the flooding, this estimate is preliminary and subject to change as the Company is able to develop better information on the extent of the loss and its insurance coverage. The Company will reflect its best estimate of this loss in the results of its third quarter ending September 30, 2011.
Significant abatement, cleanup and restoration efforts are well under way with full support from the Company’s local employees and global operations, assisted by outside experts. The Company is committed to restoring full service to its customers as quickly as possible. Based on preliminary estimates the Company believes the facility will commence partial production early next week and ramp up to substantially full production within approximately 30 days. Customer service and other administrative functions have already resumed activity pursuant to emergency operating plans. The Company will provide an update on the impact of the flood, the status of its recovery activities and related loss estimates as soon as additional information is available, and in any event, at its regularly scheduled earnings conference call on October 19, 2011.
Amphenol Corporation is one of the world’s leading producers of electronic and fiber optic connectors, cable and interconnect systems. Amphenol products are engineered and manufactured in the Americas, Europe, Asia and Africa and sold by a worldwide sales and marketing organization. Amphenol has a diversified presence as a leader in high growth areas of the interconnect market including: Military, Commercial Aerospace, Automotive, Broadband Communication, Industrial, Information Technology and Data Communications Equipment, Mobile Devices and Wireless Infrastructure.
Statements in this press release which are other than historical facts are intended to be “forward-looking statements” within the meaning of the Securities Exchange Act of 1934, the Private Securities Litigation Reform Act of 1995 and other related laws. While the Company believes such statements are reasonable, the actual results and effects could differ materially from those currently anticipated. Please refer to [Part I, Item 1A] of the Company’s Form 10-K for the year ended December 31, 2010, for some factors that could cause the actual results to differ from estimates. In providing forward-looking statements, the Company is not undertaking any duty or obligation to update these statements publicly as a result of new information, future events or otherwise.