-----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, Nba9A0+nUJyMO1D1b/UlvbGTJeHVSUBqCD06F93C/dSXLBAHhNwuwzfjHgfwWncU iwDchkTs49Qbszg6X+Mq8w== 0000950129-08-001676.txt : 20080313 0000950129-08-001676.hdr.sgml : 20080313 20080313165941 ACCESSION NUMBER: 0000950129-08-001676 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20080303 ITEM INFORMATION: Cost Associated with Exit or Disposal Activities ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080313 DATE AS OF CHANGE: 20080313 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MENS WEARHOUSE INC CENTRAL INDEX KEY: 0000884217 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-APPAREL & ACCESSORY STORES [5600] IRS NUMBER: 741790172 STATE OF INCORPORATION: TX FISCAL YEAR END: 0201 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-16097 FILM NUMBER: 08686740 BUSINESS ADDRESS: STREET 1: 5803 GLENMONT DR CITY: HOUSTON STATE: TX ZIP: 77081 BUSINESS PHONE: 7135927200 MAIL ADDRESS: STREET 1: 5803 GLENMONT DR CITY: HOUSTON STATE: TX ZIP: 77081 8-K/A 1 h54950a1e8vkza.htm AMENDMENT NO.1 TO FORM 8-K e8vkza
 

 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K/A
(Amendment No. 1)
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 3, 2008
The Men’s Wearhouse, Inc.
(Exact name of registrant as specified in its charter)
         
Texas
(State or other jurisdiction
of incorporation)
  1-16097
(Commission File Number)
  74-1790172
(IRS Employer Identification No.)
         
6380 Rogerdale
Houston, Texas

(Address of principal executive offices)
      77072
(Zip Code)
281-776-7000
(Registrant’s telephone number,
including area code)
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))
 
 

 


 

Explanatory Note
The Men’s Wearhouse, Inc. files this Amendment No. 1 on Form 8-K/A to provide the estimated costs associated with the closure described herein under Item 2.05. The full text of the amended Item 2.05 is set forth below.
Item 2.05. Costs Associated with Exit or Disposal Activities.
On March 3, 2008, The Men’s Wearhouse, Inc. (the “Company”) announced that it will close its Montreal, Quebec-based manufacturing facility operated by Golden Brand Clothing (Canada) Ltd, an indirect wholly owned subsidiary of the Company. Despite previous reductions in production over the last three years, the strengthening Canadian dollar and the increasing pace of imports by the Company’s competitors have caused the Company to reach the decision to close the manufacturing facility and to use other alternate production sources. The Company currently anticipates that the closure will occur on or around July 2008.
The Company expects the total pre-tax charge to be incurred in connection with the closure of the Montreal manufacturing facility to be approximately $8.5 million, which consists primarily of (i) approximately $4.6 million to be paid in severance, (ii) approximately $1.2 million from the write-off of fixed assets, (iii) approximately $1.4 million for lease termination payments and (iv) approximately $1.3 million to finalize the clean-up and closing of the facility. The Company also estimates that approximately $7.3 million of the charge will result in future cash expenditures.
A copy of the press release issued by the Company on March 3, 2008 announcing the planned closure of the Canadian facility is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits
The following exhibit is included in this Form 8-K/A:
99.1     Press Release of the Company dated March 3, 2008.

 


 

SIGNATURES
     Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report, as amended, to be signed on its behalf by the undersigned hereunto duly authorized.
Date: March 13, 2008
         
  THE MEN’S WEARHOUSE, INC.
 
 
  By:   /s/ Diana M. Wilson    
    Diana M. Wilson   
    Senior Vice President and Chief Accounting Officer   

 


 

         
EXHIBIT INDEX
     
Exhibit
Number
   
Description
 
 
 
 
   
99.1
  Press Release of The Men’s Wearhouse, Inc. dated March 3, 2008.

 

EX-99.1 2 h54950a1exv99w1.htm PRESS RELEASE exv99w1
 

Exhibit 99.1
     
The Men’s Wearhouse, Inc.
  (MEN'S WEARHOUSE LOGO)
     
News Release
  For Immediate Release
MEN’S WEARHOUSE TO CLOSE CANADIAN
MANUFACTURING FACILITY
HOUSTON and MONTREAL — March 3, 2008 — The Men’s Wearhouse (NYSE: MW) today announced that it is closing its manufacturing facility (dba: Golden Brand) based in Montreal, Quebec on or around July 2008.
“This was a very difficult decision for us to make and one that we did not take lightly,” stated George Zimmer, Founder, Chairman and CEO of Men’s Wearhouse. “We could no longer swim against the tide of the strengthening Canadian dollar and the increasing pace of imports by our competitors. In order to remain competitive the past 3 years, we have had to reduce our production in Canada by about 50%. We will assist our employees as best we can to transition to other employment.”
Founded in 1973, Men’s Wearhouse is one of North America’s largest specialty retailers of men’s apparel with 1,273 stores. The stores carry a full selection of designer, brand name and private label suits, sport coats, furnishings and accessories, including tuxedo rentals available in the Men’s Wearhouse, Moores, and MW Tux stores. None of the Company’s 116 Moores stores in Canada will be impacted by this closure.
This press release contains forward-looking information. The forward-looking statements are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be significantly impacted by various factors, including unfavorable local, regional and national economic developments, disruption in retail buying trends due to homeland security concerns, severe weather conditions, aggressive advertising or marketing activities of competitors, governmental actions and other factors described herein and in the Company’s annual report on Form 10-K for the year ended February 3, 2007 and subsequent Forms 10-Q.
For additional information on Men’s Wearhouse, please visit the Company’s website at www.tmw.com.
     
CONTACT:
  Neill Davis, EVP & CFO, Men’s Wearhouse (281) 776-7200
 
  Ken Dennard, DRG&E (713) 529-6600

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-----END PRIVACY-ENHANCED MESSAGE-----