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): November 16, 2007

NEENAH ENTERPRISES, INC.

(Exact name of registrant as specified in its charter)

DELAWARE	000-52681	25-1618281
(State or other jurisdiction of incorporation)	(Commission File Number)	(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:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.05. Costs Associated with Exit or Disposal Activities.

On November 16, 2007, Neenah Foundry Company (“Neenah”) and its indirect parent, Neenah Enterprises, Inc. (“NEI”, and together with Neenah, the “Company”), announced a restructuring plan intended to reduce costs and improve general operating efficiencies. The restructuring will primarily consist of salaried headcount reductions at the Company’s operating facilities. In connection with the restructuring plan, the Company expects to incur employee termination costs of approximately $1,250,000 to $1,750,000 which will be recognized as a pre-tax charge during the first quarter of fiscal 2008.

A copy of the press release announcing the restructuring is filed as Exhibit 99.1 hereto and incorporated herein by reference.

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

The Company also announced that William M. Barrett, the Company’s former President and Chief Executive Officer and currently the Executive Chairman of the Board of Directors, has informed the Board of his intention to retire as an employee of the Company, effective November 21, 2007. Upon his retirement, Mr. Barrett will become non-executive Chairman of the Board. Mr. Barrett will no longer receive a base salary pursuant to his employment agreement, but will be entitled to receive payments under the Company’s outside director compensation program and will receive the title to the Company automobile that he currently uses. Under the Company’s outside director compensation program, outside directors are entitled to the following payments: $60,000 annual cash retainer; $15,000 annual chair retainer for each board committee; $10,000 annual member retainer for each board committee; and $40,000 annual award of restricted stock units (payable solely in NEI common stock).

Item 9.01. Financial Statements and Exhibits.
(d) Exhibits

Exhibit No.	Description
99.1	Press Release, dated November 16, 2007

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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: November 16, 2007	/s/ Gary W. LaChey
	Name:	Gary W. LaChey
	Title:	Corporate Vice President - Finance and Chief Financial Officer
	NEENAH FOUNDRY COMPANY
Date: November 16, 2007	/s/ Gary W. LaChey
	Name:	Gary W. LaChey
	Title:	Corporate Vice President - Finance and Chief Financial Officer

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EXHIBIT INDEX

Exhibit No.	Description
99.1	Press Release, dated November 16, 2007

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EX-99.1

Exhibit 99.1

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

Neenah Enterprises, Inc. and Neenah Foundry Company Announce Cost
Reduction Actions

Neenah, WI — Friday, November 16, 2007

Neenah Enterprises, Inc. and Neenah Foundry Company (collectively, the “Company”) announced today a restructuring plan intended to reduce costs and improve general operating efficiencies. The restructuring will primarily consist of salaried headcount reductions at the Company’s operating facilities. These cost reduction initiatives, when fully implemented, are expected to generate annual pre-tax cost savings of approximately $2,500,000 to $3,000,000. The Company expects to begin realizing savings from these initiatives in the second quarter of the fiscal year ending September 30, 2008, with the full projected savings expected to be realized in fiscal 2009.

In connection with the restructuring plan, the Company expects to incur employee termination costs of approximately $1,250,000 to $1,750,000 which will be recognized as a pre-tax charge during the first quarter of fiscal 2008.

Separately, the Company announced that William M. Barrett, the Company’s former President and Chief Executive Officer and currently the Executive Chairman of the Board of Directors, has informed the Board of his intention to retire as an employee of the Company, effective November 21, 2007. Upon his retirement, Mr. Barrett will become non-executive Chairman of the Board. Robert E. Ostendorf, the Company’s President and Chief Executive Officer, said, “On behalf of the Board of Directors and all of the employees of Neenah, I would like to thank Bill for his years of service and tremendous contributions to the Company. We all look forward to Bill’s continued involvement with Neenah in his role as Chairman.”

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.

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 Company can give no assurance that its expectations will prove to be correct. Factors that could cause the Company’s results and other developments to differ materially from current expectations include the inability of the Company to successfully implement and realize the expected benefits of the cost reduction strategy; material disruptions to major industries served by the Company; developments affecting the valuation or prospects of the casting and forging industries generally or the Company in particular; and other factors described or referenced in the Neenah Foundry Company Form 10-K for the year ended September 30, 2006, the Form 10 Registration Statement of Neenah Enterprises, Inc., as amended, or subsequent SEC filings. Unless required by law, the Company does not undertake any obligation to update any of its forward-looking statements.