-----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, GhBPCNQIwO+YVIghQL99z3RsVRlbooXRWGKQk1H9OUyWW/4O86YzJYNXzNuiHdaP hnvCVLIcTDMPTtnPf2am3g== 0001005794-07-000471.txt : 20070917 0001005794-07-000471.hdr.sgml : 20070917 20070917102627 ACCESSION NUMBER: 0001005794-07-000471 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20070913 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070917 DATE AS OF CHANGE: 20070917 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NN INC CENTRAL INDEX KEY: 0000918541 STANDARD INDUSTRIAL CLASSIFICATION: BALL & ROLLER BEARINGS [3562] IRS NUMBER: 621096725 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-23486 FILM NUMBER: 071119182 BUSINESS ADDRESS: STREET 1: 2000 WATERS EDGE DR CITY: JOHNSON CITY STATE: TN ZIP: 37604 BUSINESS PHONE: 4237439151 MAIL ADDRESS: STREET 1: 2000 WATERS EDGE DR CITY: JOHNSON CITY STATE: TN ZIP: 37604 FORMER COMPANY: FORMER CONFORMED NAME: NN BALL & ROLLER INC DATE OF NAME CHANGE: 19940203 8-K 1 nn8k091307.htm NN 8-K nn8k091307.htm


 
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): September 13, 2007
NN, INC.

(Exact name of registrant as specified in its charter)
 
 
Delaware
0-23486
62-1096725
 (State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
     
 2000 Waters Edge Drive
 
37604
Johnson City, Tennessee
 
(Zip Code)
(Address of principal executive offices)
   
 
 
Registrant's telephone number, including area code:  (423) 743-9151
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the obligation of the registrant under any of the following provisions:
 
o  Written communications pursuant to Rule 425 under the Securities Act (17 CFT 230.425)
 
o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFT 240.14a-12)
 
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFT 240.14d-2(b))
 
o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFT 240.13e-4(c))
 
 
 
 
 
 
 


 

 
 
ITEM 8.01 OTHER
The Company announced a $25 million share repurchase program which became effective for one year beginning September 13, 2007. 
 
 
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
 
Exhibits:
Exhibit Number     Description of Exhibit
99.1                         Press Release of NN, Inc. dated September 13, 2007
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 
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.
 
 
  NN, INC.  
       
Date:  September 13, 2007
By:
/s/ James H. Dorton  
    Name:  James H. Dorton  
    Title:  Vice President - Corporate Development and
Chief Financial Officer
 
       
 
             
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EXHIBIT 99.1
                    news  
■  F I N A N C I A L
■  RELATIONS BOARD
Value Added Communications
 
                                                                                                                                                                  RE:  NN, Inc.
                         2000 Waters Edge Drive
                                                                                                                                            &# 160;                                                                                                                                               Johnson City, TN  37604


FOR FURTHER INFORMATION:

 AT THE COMPANY: 
                    AT FINANCIAL RELATIONS BOARD 
  Will Kelly  Marilynn Meek   Susan Garland
 Vice President and Chief Administrative Officer    (General info)     (Analyst info)
 (423) 743-9151  212-827-3773  212-827-3775
                                                                       
                                                                   
FOR IMMEDIATE RELEASE
September 13, 2007
 
 
NN, INC. ANNOUNCES NEW $25 MILLION SHARE REPURCHASE PROGRAM
 
  
Johnson City, Tenn, September 13, 2007 – NN, Inc. (Nasdaq: NNBR) today announced that its Board of Directors has authorized a new share repurchase program.  The current $10 million share repurchase program was initiated in February 2006 and will expire this month.  To date, the Company has purchased approximately $7 million worth of its common shares in open market transactions under the existing $10 million program.

The new share repurchase program will be in effect for a period of one year beginning on September 13, 2007, and the amount approved for purchase, from this date until the expiration of the program, will be $25 million worth of shares to be purchased in the open market from time to time in accordance with market regulations.
 
NN, Inc. manufacturers and supplies high precision metal bearing components, industrial plastic and rubber products and precision metal components to a variety of markets on a global basis.  Headquartered in Johnson City, Tennessee, NN has 14 manufacturing plants in the United States, Europe and China.  NN, Inc. had sales of US $330 million in 2006.
 
Except for specific historical information, many of the matters discussed in this press release may express or imply projections of revenues or expenditures, statements of plans and objectives or future operations or statements of future economic performance. These, and similar statements are forward-looking statements concerning matters that involve risks, uncertainties and other factors which may cause the actual performance of NN, Inc. and its subsidiaries to differ materially from those expressed or implied by this discussion.  All forward-looking information is provided by the Company pursuant to the safe harbor established under the Private Securities Litigation Reform Act of 1995 and should be evaluated in the context of these factors. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “assumptions”, “target”, “guidance”, “outlook”, “plans”, “projection”, “may”, “will”, “would”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “potential” or “continue” (or the negative or other derivatives of each of these terms) or similar terminology. Factors which could materially affect actual results include, but are not limited to: general economic conditions and economic conditions in the industrial sector, inventory levels, regulatory compliance costs and the Company's ability to manage these costs, start-up costs for new operations, debt reduction, competitive influences, risks that current customers will commence or increase captive production, risks of capacity underutilization, quality issues, availability and price of raw materials, currency and other risks associated with international trade, the Company’s dependence on certain major customers, the successful implementation of the global growth plan including development of new products and consummation of potential acquisitions 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, 2006.



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