-----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, FczVePIpPxL9vlJcXDMvUZaysej9Az6LIDELz8ITRjhsEJcOOlIfdwxdHL12XrK8 FtkR41WZ3Kmobnt3W70TLg== 0000892251-10-000004.txt : 20100113 0000892251-10-000004.hdr.sgml : 20100113 20100113160832 ACCESSION NUMBER: 0000892251-10-000004 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20100108 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100113 DATE AS OF CHANGE: 20100113 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GENERAL CABLE CORP /DE/ CENTRAL INDEX KEY: 0000886035 STANDARD INDUSTRIAL CLASSIFICATION: DRAWING AND INSULATING NONFERROUS WIRE [3357] IRS NUMBER: 061398235 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12983 FILM NUMBER: 10525245 BUSINESS ADDRESS: STREET 1: 4 TESSENEER DRIVE CITY: HIGHLAND HEIGHTS STATE: KY ZIP: 41076 BUSINESS PHONE: 8595728000 MAIL ADDRESS: STREET 1: 4 TESSENEER DRIVE CITY: HIGHLAND HEIGHTS STATE: KY ZIP: 41076 8-K 1 form8k010810.htm FORM 8-K form8k010810.htm

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): January 8, 2010
 
 
 
   General Cable Corporation  
   (Exact name of Registrant as Specified in Charter)  
 
 

Delaware
001-12983
06-1398235
(State or Other Jurisdiction
of Incorporation)
(Commission File Number)
(IRS Employer
Identification No.)

4 Tesseneer Drive, Highland Heights, Kentucky 41076-9753
(Address of Principal Executive Offices)
 

Registrant’s telephone number, including area code:  (859) 572-8000


                                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:
 
 
q
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
q
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
q
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
q
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))




 
 

 

Item 8.01
Other Events.
 
        On January 13, 2010, General Cable Corporation issued a press release, a copy of which is attached as Exhibit 99.1 hereto and incorporated herein by reference.

Item 9.01
Financial Statements and Exhibits.
 
        (d)           Exhibits.  The Exhibit furnished in this report is listed in the Index to Exhibits.


 
 

 

SIGNATURES

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.
 
 
GENERAL CABLE CORPORATION
 
 
 
       
January 13, 2010 
By:
/s/ Robert J. Siverd   
    Name:  Robert J. Siverd  
   
Title:  Executive Vice President, General Counsel
    and Secretary
          

         


 
 

 

INDEX TO EXHIBITS

Exhibit Number
 
Description
 
Method of Filing
99.1
 
Press Release
 
Furnished Herewith



EX-99.1 2 ex991010810.htm EXHIBIT 99.1 ex991010810.htm
Exhibit 99.1
 

 

CONTACT:
Michael P. Dickerson
        FOR IMMEDIATE RELEASE
 
Vice President of Finance and
                              January 13, 2010
 
Investor Relations
 
 
(859) 572-8684
 

 
 
GENERAL CABLE COMMENTS ON VENEZUELAN CURRENCY DEVALUATION
 
 

HIGHLAND HEIGHTS, KENTUCKY, January 13, 2010 – On Friday, January 8, 2010, the Venezuelan government announced its intention to devalue its currency (Bolivar) and establish a two-tier foreign exchange structure. The official exchange rate for essential goods (food, medicine and other essential goods) will be adjusted from 2.15 Bolivars to each US Dollar to 2.60.  The official exchange rate for non-essential goods will be adjusted from 2.15 Bolivars to each US Dollar to 4.30.  General Cable expects that its products will be classified as non-essential.

While the Company continues to evaluate the impact of these actions by the Venezuelan government, the Company expects to record a one-time charge in the first quarter of 2010 related primarily to the remeasurement of the local balance sheet on the date of the devaluation. The non-recurring pre-tax charge in the first quarter of 2010 is expected to be $40 to $45 million. The Company does not expect any impact to its 2009 results of operations or cash flows.

General Cable (NYSE:BGC), a Fortune 500 Company, is a global leader in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for the energy, industrial,  and communications markets. For more information about General Cable visit our website at www.generalcable.com.

Certain statements in this press release, including without limitation, statements regarding future financial results and performance, plans and objectives, capital expenditures and the Company’s or management’s beliefs, expectations or opinions, are forward-looking statements. Actual results may differ materially from those statements as a result of factors, risks and uncertainties over which the Company has no control. Such factors, risks, and uncertainties are more fully discussed in the Company's Report on Form 10-K, as amended, originally filed with the Securities and Exchange Commission on March 2, 2009, as well as periodic reports filed with the Commission.
 
###
 
 
Release No. 0636
1/13/10

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