-----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, TSL+skGdWeDwQsQqot1hMmtt54jKU/gHof+XPc4H4kgXJPXqCTHUpeFjirORBszD fYJP6vUnqPmiItfWrm0oSg== 0000950134-97-001898.txt : 19970319 0000950134-97-001898.hdr.sgml : 19970319 ACCESSION NUMBER: 0000950134-97-001898 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970318 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19970318 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: ENCORE WIRE CORP /DE/ CENTRAL INDEX KEY: 0000850460 STANDARD INDUSTRIAL CLASSIFICATION: ROLLING DRAWING & EXTRUDING OF NONFERROUS METALS [3350] IRS NUMBER: 762274963 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-20278 FILM NUMBER: 97558680 BUSINESS ADDRESS: STREET 1: 1410 MILLWOOD ROAD STREET 2: P O BOX 1149 CITY: MCKINNEY STATE: TX ZIP: 75069 BUSINESS PHONE: 2145629473 MAIL ADDRESS: STREET 1: 1410 MILLWOOD RD STREET 2: P O BOX 1149 CITY: MCKINNEY STATE: TX ZIP: 75069 8-K 1 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): MARCH 18, 1997 ENCORE WIRE CORPORATION (Exact name of registrant as specified in its charter) DELAWARE 0-20278 75-2274963 (State or other (Commission (IRS Employer jurisdiction of File Number) Identification No.) incorporation) 1410 MILLWOOD ROAD, MCKINNEY, TEXAS 75069 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (972) 562-9473 2 Item 5. Other Events On March 18, 1997, Encore Wire Corporation announced in a press release in the form attached hereto as Exhibit 99 that its Board of Directors has authorized the purchase of 25.6 acres of land adjacent to the Company's current manufacturing facility and that the Company plans to construct a facility to fabricate copper rod on the land as well as a separate facility to handle warehousing and distribution of finished goods. Item 7. Financial Statements and Exhibits (c) Exhibits 99 Encore Wire Corporation March 18, 1997 press release announcing plans to construct facility. 2 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. Date: March 18, 1997 ENCORE WIRE CORPORATION By: /s/ SCOTT D. WEAVER ------------------------------------------- Scott D. Weaver, Vice President -- Finance, Treasurer and Secretary 3 4 EXHIBIT INDEX
EXHIBIT NUMBER DESCRIPTION - ------- ----------- 99 Encore Wire Corporation March 18, 1997 press release announcing plans to construct facility.
EX-99 2 PRESS RELEASE DATED MARCH 18, 1997 1 EXHIBIT 99 Encore Wire Corporation Contact: Vincent A. Rego P. O. Box 149 CEO & Chairman 1410 Millwood Road (and other Designees) McKinney, Texas 75069 (972) 562-9473 (972) 562-9473 Press Release March 18, 1997 FOR IMMEDIATE RELEASE ENCORE WIRE ANNOUNCES EXPANSION PROJECTS MCKINNEY, TX - Encore Wire Corporation (NASDAQ/NMS: WIRE) today announced that its Board of Directors has authorized the purchase of 25.6 acres of land adjacent to its current manufacturing facility. The Company plans to construct a facility to fabricate copper rod on the land as well as a separate facility to handle warehousing and distribution of finished goods. The balance of the land will be held for future expansion. Orders for additional manufacturing equipment have also been placed with various equipment manufacturers to increase the capacity of the Company's commercial wire product line. The total cost of the projects is estimated to be approximately $19 million. The Company presently uses copper rod purchased from others to manufacture its wire and cable products. Upon completion of the new copper rod facility, the Company will produce its own copper rod from copper cathodes. By vertically integrating in this manner, the Company will also be able to reprocess the copper scrap that is generated by its operations as well as process scrap that can be purchased from others. The Company believes that this will enable it to reduce its copper raw material costs. The Company's increasing sales volume has created the need for additional manufacturing equipment. Floor space used for warehousing and distribution in the Company's current facility will be used for this equipment. The warehousing and distribution of the Company's products will be handled in the new facility. This will enable the Company to efficiently warehouse and ship its products as its sales volumes increase. Encore Wire Corporation manufactures a broad range of copper electrical wire for interior wiring in homes, apartments, manufactured housing and commercial and industrial buildings. The matters discussed in this news release may include forward-looking statements that involve risks and uncertainties, including fluctuations in the price of copper, the impact of competitive pricing and other risks detailed from time to time in the Company's reports filed with the Securities and Exchange Commission. Actual results may vary materially from those anticipated. -----END PRIVACY-ENHANCED MESSAGE-----