-----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, OjH+kx1TJAsWYQnmIhezD1kdSLIAT86MlwtkhR2Lw2N5XRct3lVeycGVEtdJ1VRi 9Y//dhDn4PGgXeiqeGY+lA== 0001157523-03-007431.txt : 20031218 0001157523-03-007431.hdr.sgml : 20031218 20031218151620 ACCESSION NUMBER: 0001157523-03-007431 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20031218 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20031218 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: 031062283 BUSINESS ADDRESS: STREET 1: 4 TESSENEER DRIVE CITY: HIGHLAND HEIGHTS STATE: KY ZIP: 41076 BUSINESS PHONE: 6065728000 MAIL ADDRESS: STREET 1: 4 TESSENEER DRIVE CITY: HIGHLAND HEIGHTS STATE: KY ZIP: 41076 8-K 1 a4537643.txt GENERAL CABLE CORPORATION 8-K U.S. 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): December 18, 2003 GENERAL CABLE CORPORATION (Exact Name of Registrant as Specified in its Charter) -------------------- Delaware 1-12983 06-1398235 - ---------------------------- ---------------------------- ------------------- (State or other jurisdiction (I.R.S. Employer of incorporation or (Commission File Number) Identification No.) organization) --------------------- 4 Tesseneer Drive Highland Heights, Kentucky 41076 - -------------------------------------------------------------------------------- (Address of principal executive offices, including zip code (859) 572-8000 ----------------------------------------------- Registrant's telephone number, including area code Not Applicable ----------------------------------------------- (Former name or former address, if changed since last report) ITEM 5. Other Events On December 18, 2003, the registrant issued a news release, a copy of which is filed as Exhibit 99.1 hereto and is incorporated herein by reference. ITEM 7. Financial Statements and Exhibits (c) The exhibit accompanying this report is listed in the Index to Exhibits. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this registration statement to be signed on its behalf by the undersigned hereunto duly authorized. GENERAL CABLE CORPORATION Date: December 18, 2003 By: /s/ Robert J. Siverd ------------------------------- Robert J. Siverd Executive Vice President, General Counsel INDEX TO EXHIBITS Number Description Method of Filing - ----- ----------- ---------------- 99.1 General Cable Corporation news release dated Filed herewith December 18, 2003 EX-99 3 a4537643ex991.txt EXHIBIT 99.1 Exhibit 99.1 General Cable Announces Plant Rationalization HIGHLAND HEIGHTS, Ky.--(BUSINESS WIRE)--Dec. 18, 2003--General Cable Corporation (NYSE:BGC) announced today its decision to significantly reduce operations at its Marion, Indiana manufacturing facility. In conjunction with this action, most of the product lines currently manufactured in the plant will be moved to other General Cable facilities. The Marion plant, which will remain open and employ approximately 65 people, will become a highly focused operation specializing primarily in the production of mining and other specialty cables. This decision stems from the feasibility study previously announced on October 28, 2003. The Company continues to review the operations of its South Hadley, Massachusetts facility for possible rationalization. The Company will incur a charge related to the rationalization of the Marion facility and estimates the amount of the pre-tax charge to be approximately $16.0 million, of which about $6.6 million is cash. The Company estimates that approximately $10.0 million of this charge will occur in the fourth quarter of 2003, with the remaining amount occurring during the first half of 2004 as production is transferred out of the Marion facility. The Company will also incur a pre-tax asset impairment charge in the fourth quarter of 2003 of approximately $2.0 million related to its operations in South Hadley. "Our decision today was taken in response to the prolonged and unprecedented decline in the North American industrial cable market. I am confident that it will allow us to continue on the path of becoming the low-cost producer in the industrial and specialty cables market while maintaining ample capacity for the improving demand we have recently begun to see," said Gregory B. Kenny, President and Chief Executive Officer of General Cable. "This move allows us to more efficiently utilize our manufacturing capacity for industrial and specialty cables throughout North America, while also retaining one of the broadest product line offerings for industrial cables in the industry." "This decision allows the Marion facility to focus its attention on achieving a cost and quality leadership position in mining and other specialty cables," continued Kenny. "I would like to thank our Marion associates for their dedication and commitment during the feasibility study and for their continuing support during the upcoming transition period." General Cable, headquartered in Highland Heights, Kentucky, is a leader in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for the energy, industrial, specialty and communications markets. The Company offers competitive strengths in such areas as breadth of product line, brand recognition, distribution and logistics, sales and service and operating efficiency. Energy cables include low-, medium- and high-voltage power distribution and power transmission products. The Industrial and Specialty segment is comprised of application-specific cables for uses such as electrical power generation (traditional fuels, alternative and renewable sources, and distributed generation), the oil, gas and petrochemical industries, mining, industrial automation, marine, military and aerospace applications, power applications in the telecommunications industry, and other key industrial segments. Communications wire and cable products transmit low-voltage signals for voice, data, video and control applications. Visit our website at www.GeneralCable.com. CONTACT: General Cable Corporation Paul M. Montgomery, 859-572-8684 -----END PRIVACY-ENHANCED MESSAGE-----