0000914760-12-000052.txt : 20120511 0000914760-12-000052.hdr.sgml : 20120511 20120510190155 ACCESSION NUMBER: 0000914760-12-000052 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120510 ITEM INFORMATION: Cost Associated with Exit or Disposal Activities FILED AS OF DATE: 20120511 DATE AS OF CHANGE: 20120510 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ROGERS CORP CENTRAL INDEX KEY: 0000084748 STANDARD INDUSTRIAL CLASSIFICATION: PLASTICS, MATERIALS, SYNTH RESINS & NONVULCAN ELASTOMERS [2821] IRS NUMBER: 060513860 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-04347 FILM NUMBER: 12831811 BUSINESS ADDRESS: STREET 1: P.O. BOX 188 STREET 2: ONE TECHNOLOGY DRIVE CITY: ROGERS STATE: CT ZIP: 06263-0188 BUSINESS PHONE: 860-779-5756 MAIL ADDRESS: STREET 1: ONE TECHNOLOGY DRIVE CITY: ROGERS STATE: CT ZIP: 06263 8-K 1 r76996_8k050912.htm MAY 9, 2012 r76996_8k050912.htm



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):
May 9, 2012

ROGERS CORPORATION
(Exact name of Registrant as specified in Charter)

Massachusetts
(State or Other Jurisdiction of Incorporation)
1-4347
(Commission File Number)
06-0513860
(I.R.S. Employer Identification No.)

One Technology Drive, P.O. Box 188, Rogers, Connecticut 06263-0188
(Address of Principal Executive Offices and Zip Code)

(860) 774-9605
(Registrant's telephone number, including area code)

Not Applicable
(Former Name or Former Address, if Changed Since Last Report)

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):

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 204.13e-4(c))
 

 


 

 
 
 

Item 2.05     Costs Associated with Exit or Disposal Activities.
 
On May 9, 2012, the management of Rogers Corporation (the “Company”), in connection with its continuing efforts to reduce operating costs, committed to a plan to cease operations at the manufacturing site it has been leasing in Bremen, Germany.  The manufacture of certain silicone materials produced in the Bremen facility will be consolidated into the Company’s existing facility in Carol Stream, Illinois.  The Bremen operation, which was acquired as part of the Company’s acquisition of certain assets of MTI Global, Inc. in 2009, has not been profitable.

The Company expects to incur expenses and charges during the second quarter of 2012 in connection with its plan to close the Bremen facility.  These expenses and charges, which cannot be reasonably estimated at this time, will include, without limitation, the following major components: (i) those associated with the early termination of the lease for the 68,000 square foot building; (ii) those associated with the separation from employment of approximately 33 employees at the facility; (iii) those associated with physically removing and transporting certain manufacturing equipment and preparing the building for return to the landlord; and (iv) possible impairment of assets.  An amendment to this Form 8-K will be timely filed when estimates for these expenses and charges are formulated.



 
 
 

 
 
 


 
SIGNATURES
 
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.
 

 

ROGERS CORPORATION
 
 
By:  /s/ Dennis M. Loughran
    Dennis M. Loughran
    Vice President, Finance and
       Chief Financial Officer

Date:  May 11, 2012