-----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, KtZc2DtDFY44dvIGYGff/1biQMFXsJzjBARerrNtZh4eaQYbKAfdTXdamEWVdAzz Laj3lZ86yG/+0T0qf5qLaw== 0001157523-04-008200.txt : 20040831 0001157523-04-008200.hdr.sgml : 20040831 20040831144650 ACCESSION NUMBER: 0001157523-04-008200 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040830 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20040831 DATE AS OF CHANGE: 20040831 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: 041007862 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 a4711355.txt GENERAL CABLE CORPORATION 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): August 30, 2004 GENERAL CABLE CORPORATION (Exact name of registrant as specified in its charter) Delaware 1-12983 06-1398235 - ----------------------------- -------------------------- -------------------- (State or other jurisdiction (Commission File Number) (I.R.S. Employer of incorporation Identification No.) 4 Tesseneer Drive - -------------------------------------------------------------------------------- Highland Heights, Kentucky 41076 (Address of principal executive offices/Zip Code) (859) 572-8000 - -------------------------------------------------------------------------------- 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 (see General Instruction A.2. below): [ ] 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 8.01. Other Events On August 30, 2004, the registrant issued a press release, a copy of which is filed as Exhibit 99.1 hereto and is incorporated herein by reference. ITEM 9.01. 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 report to be signed on its behalf by the undersigned hereunto duly authorized. GENERAL CABLE CORPORATION Date: August 31, 2004 By: /s/ Robert J. Siverd ------------------------------------ Robert J. Siverd Executive Vice President and General Counsel INDEX TO EXHIBITS Number Description Method of Filing - -------- --------------------------------------------- ---------------- 99.1 General Cable Corporation press release dated Filed herewith August 30, 2004 EX-99.1 2 a4711355ex991.txt GENERAL CABLE CORPORATION EXHIBIT 99.1 Exhibit 99.1 General Cable's Bonham, Texas Union Workers Declare Strike; Company Reaffirms Third Quarter Earnings Estimate HIGHLAND HEIGHTS, Ky.--(BUSINESS WIRE)--Aug. 30, 2004--General Cable (NYSE:BGC) announced today that contract negotiations with officials of Local Union No. 2155, of the International Brotherhood of Electrical Workers (IBEW), have ended without reaching an agreement. The Company's three-year contract with the union expired at 12:01 AM, on August 22, 2004, and was extended to 12:01 AM, on August 31, 2004. Yesterday, August 29th, the union workers voted to strike and did not report to work today. The Local represents 187 production and maintenance workers at the Company's Bonham, Texas plant. The Bonham facility manufactures telecommunications cables, which are also produced at two other General Cable North American manufacturing facilities. The distribution center located in Bonham will remain open and, in the short-term, the Company does not anticipate any significant disruption in customer service. While a protracted strike would negatively impact the Company's reported financial results, improving performance will allow the Company to offset the negative impact of the strike on its third quarter earnings. As a result, the Company reaffirms its earnings estimate for the third quarter of 2004, which was diluted earnings per share, excluding charges related to the previously announced rationalization of certain of the Company's manufacturing facilities, at or above $0.13 per share. General Cable (NYSE:BGC), 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. 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 include economic and political consequences resulting from the September 2001 terrorist attack and the war with Iraq, domestic and local country price competition, particularly in certain segments of the power cable market and other competitive pressures; general economic conditions, particularly in construction; changes in customer or distributor purchasing patterns in our business segments; the Company's ability to increase manufacturing capacity and productivity; the financial impact of any future plant closures; the Company's ability to successfully complete and integrate acquisitions and divestitures; the Company's ability to negotiate extensions of labor agreements on acceptable terms; the Company's ability to service debt requirements and maintain adequate domestic and international credit facilities and credit lines; the Company's ability to pay dividends on its preferred stock; the impact of unexpected future judgments or settlements of claims and litigation; the Company's ability to achieve target returns on investments in its defined benefit plans; the Company's ability to avoid limitations on utilization of net losses for income tax purposes; the cost of raw materials, including copper and aluminum; the Company's ability to increase its selling prices during periods of increasing raw material costs; the impact of foreign currency fluctuations; the impact of technological changes; and other factors which are discussed in the Company's Report on Form 10-K filed with the Securities and Exchange Commission on March 12, 2004, as well as periodic reports filed with the Commission. CONTACT: General Cable Paul M. Montgomery, 859-572-8315 -----END PRIVACY-ENHANCED MESSAGE-----