-----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, VBcw3O9KOddg+z/c5v2s/kL+CCOdby53KiyltlmHjww8lYgwpJEHYDXLdai0zyEM MX3n5cLxD0NPSm6ZjQKDlQ== 0000950152-01-503939.txt : 20010815 0000950152-01-503939.hdr.sgml : 20010815 ACCESSION NUMBER: 0000950152-01-503939 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010810 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20010814 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RVM INDUSTRIES INC CENTRAL INDEX KEY: 0000082172 STANDARD INDUSTRIAL CLASSIFICATION: TRUCK TRAILERS [3715] IRS NUMBER: 550398374 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-01709 FILM NUMBER: 1711321 BUSINESS ADDRESS: STREET 1: 753 W WATERLOO ROAD STREET 2: P O BOX 10002 CITY: AKRON STATE: OH ZIP: 44314-1519 BUSINESS PHONE: 3307534545 MAIL ADDRESS: STREET 1: 753 W WATERLOO ROAD STREET 2: P O BOX 10002 CITY: AKRON STATE: OH ZIP: 44314-1519 FORMER COMPANY: FORMER CONFORMED NAME: RAVENS METAL PRODUCTS INC DATE OF NAME CHANGE: 19920703 8-K 1 l89940ae8-k.txt RVM INDUSTRIES, INC. FORM 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 DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): AUGUST 10, 2001 RVM INDUSTRIES, INC. (Exact name of registrant as specified in its charter) DELAWARE 0-1709 31-1515410 (State or other jurisdiction of (Commission (IRS employer identification incorporation or organization) file number) number) 753 WEST WATERLOO ROAD, AKRON, OHIO 44314-1519 (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (330) 753-4545 Former name or former address, if changed since last report: NOT APPLICABLE 2 ITEM 5. OTHER On August 10, 2001, RVM Industries, Inc. issued a press release announcing its plans immediately to discontinue the operations of its subsidiary, Albex Aluminum, Inc. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS (c) EXHIBITS. (99) Press Release dated August 10, 2001, announcing plans immediately to discontinue operations of Albex Aluminum, Inc., a subsidiary of RVM Industries, Inc. 3 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. RVM INDUSTRIES, INC. By: /s/ James R. McCourt ------------------------------ James R. McCourt Chief Financial Officer Dated: August 14, 2001 4 RVM INDUSTRIES, INC. FORM 8-K CURRENT REPORT INDEX OF EXHIBITS 99 Press Release dated August 10, 2001, announcing plans immediately to discontinue operations of Albex Aluminum, Inc., a subsidiary of RVM Industries, Inc. EX-99 3 l89940aex99.txt EXHIBIT 99 1 RVM INDUSTRIES, INC. FORM 8-K CURRENT REPORT AUGUST 10, 2001 EXHIBIT 99 NEWS FOR IMMEDIATE RELEASE Contact: Bob Zajac, Public Relations, 330-996-4140 ALBEX ALUMINUM TO CLOSE CANTON, Ohio (Aug. 10, 2001) - Albex Aluminum Inc. announced today that it is permanently shutting down its operations. "In compliance with the requirement that we provide notice of a plant shutdown, we are telling our employees today that Albex is going out of business," said Rick Pollock, president. "We have exerted our best efforts to financially reorganize, however sluggish sales and operating losses have depleted Albex's going concern value. "Our concerns right now are helping our workers find new jobs and attempting to fulfill our customers' orders." Pollock said he is optimistic about the employment opportunities for Albex's hourly workers, who are members of Steelworkers Local 1046. "We had a good relationship with the union and our employees. These are good people who are skilled machine operators, fabricators, lift truck drivers and laborers, and they will be good employees for another local company." Several factors contributed to the failure of Albex Aluminum, said Pollock. "Trailer manufacturers accounted for more than half our extrusion sales, and I can't think of any companies that have been harder hit by the economic downturn and rising fuel costs than those in the trucking industry and their suppliers," he said. "Coupled with the general economic downturn that slowed sales in other markets, it was more than we could overcome." Another contributing factor was a billet casting operation that the company opened in 1997 to recycle aluminum scrap but closed last year. "The failure of our electric melting furnace technology coupled with a dramatic drop in demand and a worldwide surplus of aluminum billet drove the shutdown of our billet casting operation." Albex Aluminum is a regional supplier of aluminum extrusions and fabrications. In addition to the transportation market, its products are sold to metal distribution companies and recreational vehicle and original equipment manufacturers. Its extrusion and fabrication operations are housed in a 250,000 square-foot plant on a 47-acre site at 4416 Louisville Rd. The company has approximately 30 salary employees and 90 hourly workers at the plant. In the 2001 fiscal year ending March 31, Albex reported that sales fell by 30 percent compared to the previous year, to $17.4 million. The company shipped only 18.5 million pounds of aluminum extrusions in a market that exceeds 3.5 billion pounds. Albex reported a loss of $2.3 million for the 2001 fiscal year. ### -----END PRIVACY-ENHANCED MESSAGE-----