-----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, LFLaCll6oaKkORDBSg3dbj02oGFJm9uTBHzh1u2N7fkcpVMpMQYVoCYWr1G6zl0V v+Bu2MpIPcXCnisqFBu90A== 0000950134-06-021533.txt : 20061114 0000950134-06-021533.hdr.sgml : 20061114 20061114140642 ACCESSION NUMBER: 0000950134-06-021533 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20061114 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20061114 DATE AS OF CHANGE: 20061114 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: 752274963 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: 061213695 BUSINESS ADDRESS: STREET 1: 1410 MILLWOOD RD 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 d41361e8vk.htm FORM 8-K e8vk
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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): November 14, 2006
ENCORE WIRE CORPORATION
(Exact name of Registrant as specified in its charter)
         
Delaware   0-20278   75-2274963
         
(State or other jurisdiction of
incorporation or organization)
  Commission
File Number
  (I.R.S. Employer
Identification No.)
     
1410 Millwood Road    
McKinney, Texas   75069
     
(Address of principal executive offices)   (Zip Code)
Registrant’s telephone number, including area code: (972) 562-9473
(Former name, former address and former fiscal year, 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 240.13e-4(c))
 
 

 


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Section 7— Regulation FD
Item 7.01. Regulation FD Disclosure
Section 9—Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits
SIGNATURE
INDEX TO EXHIBITS
Press Release


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Section 7— Regulation FD
Item 7.01. Regulation FD Disclosure
     On November 14, 2006, Encore Wire Corporation (“the Company”) issued a press release announcing the declaration of a dividend of $0.02 per share. The record date for the dividend is January 5, 2007 and it will be paid on January 19, 2007. In the press release, the Company also announced Board authorization of a stock repurchase program for up to 1.0 million shares, which program supersedes the Company’s existing stock repurchase program. Stock repurchases under the new repurchase program will be made from time to time, based on stock availability and price.
     The text of the press release is included as Exhibit 99.1 to this Form 8-K.
     The information disclosed under this Item 7.01, including Exhibit 99.1 hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing.
Section 9—Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits
(c) Exhibits.
  99.1   November 14, 2006 Press Release by Encore Wire Corporation.

 


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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 thereunto duly authorized.
         
  ENCORE WIRE CORPORATION
 
 
Date: November 14, 2006  By:   /s/ FRANK J. BILBAN    
    Frank J. Bilban, Vice President — Finance,   
    Chief Financial Officer, Treasurer and
Secretary 
 
 

 


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INDEX TO EXHIBITS
     
Item   Exhibit
 
   
 
   
99.1
  November 14, 2006 Press Release by Encore Wire Corporation.

 

EX-99.1 2 d41361exv99w1.htm PRESS RELEASE exv99w1
 

EXHIBIT 99.1
[Encore Wire Corporation Logo Omitted]
             
Encore Wire
           
Corporation   PRESS RELEASE
  November 14, 2006
1410 Millwood Road
           
McKinney, Texas 75069
      Contact:   Frank J. Bilban
972-562-9473
          Vice President & CFO
For Immediate Release
ENCORE WIRE ANNOUNCES CASH DIVIDEND AND STOCK REPURCHASE PLAN
MCKINNEY, TX — Encore Wire Corporation (NASDAQ Global Select: WIRE) announced today that the Company’s Board of Directors has declared a cash dividend and adopted a new stock repurchase plan.
For the first time in the history of the Company, Encore Wire will pay a cash dividend. This two-cent per share dividend will be paid on January 19, 2007, to stockholders of record at the close of business on January 5, 2007. Any future quarterly dividends will be paid subject to earnings and cash flow considerations.
The Board of Directors also authorized the purchase by Encore Wire in the open market or in privately negotiated transactions of up to 1,000,000 shares of its Common Stock from time to time at prices not above those prevailing in the open market at the time of such purchases. The number of shares to be purchased and the purchase price per share will be determined by the President of the Corporation, who in his discretion, may elect to purchase or not to purchase Common Stock of the Corporation at any point between now and December 31, 2007. The new plan supercedes the existing stock repurchase plan that covered the purchase of up to 224,700 shares.
Daniel L. Jones, President and Chief Executive Officer of Encore Wire Corporation, said, “The Board of Directors has determined that shares of Encore Wire have been trading at low price to earnings multiples and may represent an opportunity for the Company to invest a portion of its earnings in a stock repurchase program. We appreciate our shareholders commitment to the continued growth of Encore Wire. We will continue to manage the Company for the long-term and strive to protect our strong balance sheet.”
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, other than the historical financial information, including statements about the copper pricing environment, profitability and shareholder value, may include forward-looking statements that involve risks and uncertainties, including payment of future dividends, future purchases of stock, fluctuations in the price of copper and other raw materials, 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.

 

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