8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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): January 15, 2010

NEENAH ENTERPRISES, INC.

(Exact name of registrant as specified in its charter)

DELAWARE
(State or other jurisdiction of
incorporation) 000-52681
(Commission File Number) 25-1618281
(IRS Employer Identification
No.)

2121 BROOKS AVENUE
P.O. BOX 729
NEENAH, WISCONSIN 54957
(Address of Principal executive offices, including Zip Code)

(920) 725-7000
(Registrant’s telephone number, including area code)

NOT APPLICABLE
(Former name or former address, if changed since last report)

NEENAH FOUNDRY COMPANY

(Exact name of registrant as specified in its charter)

WISCONSIN
(State or other jurisdiction of
incorporation) 333-28751
(Commission File Number) 39-1580331
(IRS Employer Identification
No.)

2121 BROOKS AVENUE
P.O. BOX 729
NEENAH, WISCONSIN 54957
(Address of Principal executive offices, including Zip Code)

(920) 725-7000
(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:

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 1.01. Entry into a Material Definitive Agreement.

     As previously disclosed, on November 10, 2009, Neenah Foundry Company (“Neenah”) and certain subsidiaries of Neenah (together with Neenah, the “Borrowers”) entered into an Amendment No. 2 to Amended and Restated Loan and Security Agreement and Forbearance Agreement (the “Forbearance Agreement”) with Bank of America, N.A., as administrative agent and as a lender, and the other lenders party thereto (collectively, the “Lenders”), with respect to that certain Amended and Restated Loan and Security Agreement, dated as of December 29, 2006, among the Borrowers and the Lenders from time to time party thereto. Pursuant to the Forbearance Agreement, the Lenders agreed to, among other things, forbear from exercising certain of the Lenders’ rights and remedies in respect of or arising out of certain specified defaults through December 23, 2009, which was subsequently extended through January 15, 2009.

     Effective as of January 15, 2010, the Borrowers entered into a Second Forbearance Extension with the Lenders, pursuant to which the Lenders agreed to, among other things, extend the expiration date of the Forbearance Agreement to January 22, 2010. The Borrowers paid an extension fee of $25,000 in connection with the extension.

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

     On January 19, 2010, the Company announced that Dale E. Parker will replace Jeffrey S. Jenkins as Chief Financial Officer of Neenah Enterprises, Inc. and Neenah (collectively, the “Company”). Mr. Parker, 58, has been the Chief Financial Officer for Paper Works, a producer of coated recycled paper board, since February 2009. From May 2007 to December 2008, Mr. Parker served as Chief Financial Officer of Paper Resources Inc., a producer of medium and consumer packaging. From September 2006 to May 2007, Mr. Parker was Chief Financial Officer at Vitex Packaging Group, a manufacturer of packaging for tea and coffee brands. From 2000 to 2006, Mr. Parker served as Vice President, Chief Financial Officer, and board member of Appleton Papers, Inc. Mr. Parker has also been a director of Hickory Tech Corporation since 2006 and has served as Vice Chair of the Hickory Tech Board of Directors since January 2009. From June 1975 to January 2000, Mr. Parker worked with Black Clawson Companies, in Cincinnati, New York and Baltimore where he last served as Vice President and Chief Financial Officer.

     The principal terms of Mr. Parker’s employment include (i) a base salary of $250,000, (ii) participation in the Company’s annual incentive plan, with an annual cash target award of 40% of his base salary, (iii) participation in an interim long term incentive plan in the amount of 40% of his base salary, (iv) participation in executive benefit plans that are made available to other comparable executives, which includes health and life insurance benefits and use of a Company car, and (v) payment and/or reimbursement of certain relocation expenses.

     In connection with Mr. Parker’s appointment, on January 19, 2010, Jeffrey S. Jenkins announced his retirement from his position as Corporate Vice President — Finance and Chief Financial Officer of the Company. Mr. Jenkins has agreed to continue to remain available for a period of six months to assist with transition matters.

     A copy of the press release announcing Mr. Parker’s appointment is attached hereto as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit
No.	Description
99.1	Press Release, dated January 19, 2010

2

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.

	NEENAH ENTERPRISES, INC.
Date: January 19, 2010	/s/ Robert E. Ostendorf, Jr.
	Name:	Robert E. Ostendorf, Jr.
	Title:	President and Chief Executive Officer
	NEENAH FOUNDRY COMPANY
Date: January 19, 2010	/s/ Robert E. Ostendorf, Jr.
	Name:	Robert E. Ostendorf, Jr.
	Title:	President and Chief Executive Officer

3

EXHIBIT INDEX

Exhibit
No.	Description
99.1	Press Release, dated January 19, 2010

4

EX-99.1

Exhibit 99.1

For Immediate Release	Contact:	Robert E. Ostendorf, Jr.
		President & CEO
		(920) 725-7000

Neenah, WI — Tuesday, January 19, 2010

Neenah Enterprises, Inc. (NEI) announced today that Dale E. Parker, currently the Chief Financial Officer of PaperWorks Industries Inc., Philadelphia, PA, has accepted the position of Chief Financial Officer for NEI.

Parker (58), who has an MBA from Xavier and is a CPA, has served as Chief Financial Officer at various public and private companies, including 6 years as Vice President and Chief Financial Officer at Appleton Papers, where he also served on the Board of Directors.

Parker will replace Jeffrey S. Jenkins, who resigned for personal reasons and will return to the Lincoln, Nebraska area. Jenkins has agreed to continue to be available to support NEI for a six-month transition period.

“We look forward to someone of Dale’s experience and seniority joining our team,” said NEI President and Chief Executive Officer, Bob Ostendorf. “As NEI continues to navigate through challenging financial times, Dale’s leadership ability will be a valuable asset. We are also grateful that Jeff will be available to support an orderly transition. In addition, we would like to thank Jeff for his significant contribution over the twenty (20) years of service he has provided to NEI (Deeter). We wish him well in his personal and professional life.”

About Neenah Enterprises, Inc. and Neenah Foundry Company

Neenah Enterprises, Inc. is the indirect parent holding company of Neenah Foundry Company. Neenah Foundry Company and its subsidiaries manufacture and market a wide range of iron castings and steel forgings for the heavy municipal market and selected segments of the industrial markets. Neenah is one of the largest independent foundry companies in the United States, with substantial market share in the municipal and various industrial markets for gray and ductile iron castings and forged steel products. Additional information about Neenah is available on the Company’s web site at www.nfco.com.

Forward- Looking Statements

This press release may be viewed to contain forward-looking statements. These statements are based on the Company’s current expectations and involve risks and uncertainties that could cause actual results and events to differ materially from those described in the statements. The words “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions are generally intended to identify forward-looking statements. Factors that could cause our results to differ materially from current expectations include those referenced in the Company’s Form 10-K for the year ended September 30, 2009 or subsequent SEC filings. You should not place undue reliance on these forward-looking statements, which reflect the Company’s opinions only as of the date of this press release. The Company undertakes no obligation to publicly release any revisions to the forward-looking statements after the date of this press release.

Contacts:
Neenah Foundry Company
Robert Ostendorf
920-725-7000