8-K

                                  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)          December 20, 2002
                                                --------------------------------

                                    NN, INC.
- --------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


          DELAWARE                     0-23486                 62-1096725
- --------------------------------------------------------------------------------
(State or other jurisdiction         (Commission             (IRS Employer
      of incorporation)              File Number)          Identification No.)


2000 Waters Edge Drive, Johnson City, Tennessee                  37604
- --------------------------------------------------------------------------------
      (Address of principal executive offices)                 (Zip Code)



Registrant's telephone number, including area code           (423) 743-9151
                                                   -----------------------------



                                 Not applicable
- --------------------------------------------------------------------------------
          (Former name or former address, if changed since last report)

Item 5.  Other Events and Regulation FD Disclosure.

     On December 20, 2002,  the Company  issued a press  release  announcing  it
purchased FAG Kugelfischer  Georg-Schaefer AG's interest in NN Euroball,  ApS, a
joint venture  company.  A copy of the press release is attached as Exhibit 99.1
hereto and incorporated herein by reference.

Item 7.     Financial Statements and Exhibits.

         (c)   EXHIBITS. The following exhibit is filed herewith:

         99.1  Press Release dated December 20, 2002.

                                    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.

     Date:  December 20, 2002

                                       NN, INC.


                                       By: /s/ William C. Kelly, Jr.
                                       -----------------------------------------
                                       William C. Kelly, Jr.,
                                       Treasurer, Secretary and Chief
                                       Accounting Officer

EX-99

                                                         RE: NN, Inc.
                                                         2000 Waters Edge Drive
                                                         Johnson City, TN  37604

FOR FURTHER INFORMATION:

AT THE COMPANY                                   AT FRB|WEBER SHANDWICK
Will Kelly                                       Kerry Thalheim    Susan Garland
Treasurer & Manager of Investor Relations        (General info)    (Analyst info)
(423) 743-9151                                   212-445-8437      212-445-8458

FOR IMMEDIATE RELEASE
December 20, 2002

                NN, INC. PURCHASES FAG'S INTEREST IN NN EUROBALL


Johnson City, Tenn., December 20, 2002 - NN, Inc. (Nasdaq: NNBR) today announced
the purchase of FAG Kugelfischer Georg Schaefer AG's (FAG) 23 percent interest
in NN Euroball ApS (NN Euroball), a joint venture company formed in July of 2000
between NN, Inc., SKF Group and FAG. FAG was subsequently acquired by
INA-Schaeffler KG in 2001. With a purchase price of approximately 13.4 million
Euros, NN, Inc. now owns a 77 percent share of the joint venture with SKF Group
owning the remaining 23 percent. Financing for this transaction will be provided
by the Company's senior non-secured revolving credit facility.

Roderick R. Baty, Chairman and Chief Executive Officer, stated, "The formation
of NN Euroball was an important outsourcing model for both NN and our joint
venture partners. We are pleased with FAG's decision to sell its 23% stake in
the joint venture. We believe this transaction is a reflection of their ongoing
confidence in NN Euroball's future ability to continue to serve INA/FAG as a
long-term precision ball supply partner."

NN Euroball was formed as a joint venture company in Europe to manufacture and
supply precision steel balls used in finished bearings. NN Euroball's operations
are comprised of manufacturing facilities in Kilkenny, Ireland, Eltmann, Germany
and Pinerolo, Italy. For the first nine months of 2002, NN Euroball generated
approximately $66.6 million of sales. Under the original shareholder agreement,
SKF Group and FAG have the right to sell to NN, Inc. their respective ownership
interests in NN Euroball beginning on January 1, 2003. However, either party may
sell their shares prior to that date by mutual consent.

NN, Inc. manufactures and supplies high precision bearing components consisting
of balls, rollers, seals, and retainers for leading bearing manufacturers on a
global basis. In addition, the Company manufactures a variety of other plastic
components. NN, Inc. had sales of US $180 million in 2001.

With the exception of the historical information contained in the release, the
matters described herein contain forward-looking statements that are made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements involve a number of risks and
uncertainties that may cause actual results to be materially different from such
forward-looking statements. Such factors include, among others, general economic
conditions and economic conditions in the industrial sector, competitive
influences, risks that current customers will commence or increase captive
production, risks of capacity underutilization, quality issues, availability of
raw materials, currency and other risks associated with international trade, the
Company's dependence on certain major customers, and other risk factors and
cautionary statements listed from time to time in the Company's periodic reports
filed with the Securities and Exchange Commission, including, but not limited
to, the Company's Annual Report on 10-K for the fiscal year ended December 31,
2001.