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):  March 22, 2012

 

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)		(I.R.S. Employer Identification No.)
2000 Waters Edge Drive, Johnson City, Tennessee			37604
(Address of principal executive offices)			(Zip Code)
	(423) 743-9151
	(Registrant's telephone number, including area code) (Former name or former address, if changed since last report)

Check the appropriate box 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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On March 22, 2012, the Board of Directors of NN, Inc. (the “Company”) elected Robert E. Brunner as a new director of the Company, effective immediately. The election will increase the number of board seats from 6 to 7. Mr. Brunner will serve as a Class I director, with his term expiring at the 2014 annual meeting of shareholders. Mr. Brunner will serve on the Audit Committee and the Governance Committee.

In accordance with the Company’s non-employee director compensation policies, Mr. Brunner will be paid an annual retainer of $30,000, a fee of $1,500 for each board meeting attended, $1,000 for each committee meeting attended and $500 for each teleconference meeting attended. Additionally, the Compensation Committee may from time to time grant stock options and restricted stock awards to non-employee directors. On March 22, 2012, the Compensation Committee granted Mr. Brunner 7,300 shares of common stock subject to stock options and 3,200 shares of restricted stock. The stock options fully vest on March 22, 2013. The shares of restricted stock will vest over a period of three years beginning on March 22, 2013.

There are no transactions between Mr. Brunner and the Company that would be reportable under Item 404(a) of Regulation S-K.

Item 8.01 Other Events

On March 26, 2012, the Company issued a press release regarding the election of Mr. Brunner to the Board of Directors, a copy of which is furnished as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

Exhibit No.	Description
99.1	Press Release of NN, Inc. dated March 26, 2012

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.

Date: March 26, 2012

NN, Inc.

By: /s/ William C. Kelly, Jr.

Name:William C. Kelly, Jr.

Title: Vice President and Chief

Administrative Officer

EX-99.1

EXHIBIT 99.1

F I N A N C I A L RELATIONS BOARD n e w s

RE:  NN, Inc.

2000 Waters Edge Drive

Johnson City, TN  37604

FOR FURTHER INFORMATION:

AT THE COMPANY    AT FINANCIAL RELATIONS BOARD

Will Kelly	Marilynn Meek
Vice President and Chief Administrative Officer	(General info)
(423) 743-9151	(212) 827-3773
FOR IMMEDIATE RELEASE March 26, 2012

NN INC. APPOINTS ROBERT E. BRUNNER TO BOARD

Johnson City, Tenn, March 26, 2012 – NN, Inc. (Nasdaq: NNBR) today announced the appointment of Robert E. Brunner to its Board of Directors, effective March 22, 2012.  Mr. Brunner, whom is retiring at the end of the year, most recently has served as Executive Vice President, responsible for Worldwide Construction Products, at Illinois Tool Works, Inc., (“ITW”).  Prior to that position, Mr. Brunner was Executive Vice President, responsible for ITW’s Global Automotive Products Businesses.  He currently serves on the board of Leggett & Platt, Incorporated.

Roderick R. Baty, Chairman of the Board and Chief Executive Officer said, “We are pleased to announce the appointment of Bob Brunner to the NN, Inc. Board of Directors. Bob’s experience and accomplishments while serving in various executive management positions in a global, multibillion dollar manufacturing business make him an outstanding addition to our Board.  We look forward to the energy, leadership and perspective that Bob will bring to the boardroom as we continue to grow and execute our strategy.”

Mr. Brunner has spent his entire 32 year career at ITW, a global, diversified, international manufacturer of highly engineered fasteners and components, equipment and consumable systems and specialty products.  While at ITW, Mr. Brunner obtained increasingly responsible positions in sales & marketing, general, operational and executive management.   Mr. Brunner is involved in various community and professional associations and has served since 2009 as a director for Leggett & Platt (NYSE: LEG) a $3.4 billion, diversified designer and manufacturer of a broad variety of engineered components and products that are found in homes, offices, automobiles and retail stores. Mr. Brunner has a bachelor’s degree in finance from the University of Illinois and a master’s degree in business administration from Baldwin-Wallace College.

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 10 manufacturing plants in the United States, Western Europe, Eastern Europe and China.  NN, Inc. had sales of US $425 million in 2011.