-----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, FuhcyrAxH9fxLbRudQqznRDflVKNOC/FN7TcZ9pTimGO+WorCMyNRTMctiWmKPi+ 72oECNZdArQmPrBjX4iPaQ== 0000909518-01-000015.txt : 20010122 0000909518-01-000015.hdr.sgml : 20010122 ACCESSION NUMBER: 0000909518-01-000015 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010105 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010108 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BUILDING MATERIALS CORP OF AMERICA CENTRAL INDEX KEY: 0000927314 STANDARD INDUSTRIAL CLASSIFICATION: ASPHALT PAVING & ROOFING MATERIALS [2950] IRS NUMBER: 223276290 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 033-81808 FILM NUMBER: 1503579 BUSINESS ADDRESS: STREET 1: 1361 ALPS RD CITY: WAYNE STATE: NJ ZIP: 07470 BUSINESS PHONE: 2016283000 MAIL ADDRESS: STREET 1: 1361 ALPS ROAD CITY: WAYNE STATE: NJ ZIP: 07470 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BUILDING MATERIALS MANUFACTURING CORP CENTRAL INDEX KEY: 0001078706 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 333-69749-01 FILM NUMBER: 1503580 BUSINESS ADDRESS: STREET 1: 1361 ALPS ROAD CITY: WAYNE STATE: NJ ZIP: 07470 BUSINESS PHONE: 9736283000 MAIL ADDRESS: STREET 1: 1361 ALPS ROAD CITY: WAYNE STATE: NJ ZIP: 07470 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BUILDING MATERIALS INVESTMENT CORP CENTRAL INDEX KEY: 0001078820 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 333-69749-02 FILM NUMBER: 1503581 BUSINESS ADDRESS: STREET 1: 1361 ALPS RD CITY: WAYNE STATE: NJ ZIP: 07470 BUSINESS PHONE: 9736283000 MAIL ADDRESS: STREET 1: 1361 ALPS RD CITY: WAYNE STATE: NJ ZIP: 07470 8-K 1 0001.txt ================================================================================ 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): January 5, 2001 BUILDING MATERIALS CORPORATION OF AMERICA (Exact name of registrant as specified in its charter) Delaware 33-81808 22-3276290 (State or other jurisdiction of (Commission File Number) (IRS Employer Identification incorporation) Number)
1361 Alps Road, Wayne, New Jersey 07470 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (973) 628-3000 See table of additional registrants ADDITIONAL REGISTRANTS
Address, including zip code and telephone State or other number, including area jurisdiction of Commission File code, of registrant's Exact name of registrant incorporation or No./I.R.S. Employer principal executive as specified in its charter organization Identification No. offices - --------------------------- ---------------- ------------------- ------------------- Building Materials Manufacturing Corporation Delaware 333-69749-01/ 1361 Alps Road 22-3626208 Wayne, NJ 07470 (973) 628-3000 Building Materials Investment Corporation Delaware 333-69749-02/ 300 Delaware Avenue 22-3626206 Wilmington, DE 19801 (302) 427-5960
2 Item 5. Other Events On January 5, 2001, G-I Holdings Inc., a parent of Building Materials Corporation of America, issued a press release, a copy of which is attached hereto as Exhibit 99 and is incorporated herein by reference. Item 7. Financial Statements and Exhibits (c) Exhibits 99 Press Release of G-I Holdings Inc. dated January 5, 2001. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrants have duly caused this report to be signed on their behalf by the undersigned, thereunto duly authorized. BUILDING MATERIALS CORPORATION OF AMERICA BUILDING MATERIALS MANUFACTURING CORPORATION BUILDING MATERIALS INVESTMENT CORPORATION Date: January 8, 2001 By: /s/ Richard A. Weinberg -------------------------------- Name: Richard A. Weinberg Title: Executive Vice President, General Counsel and Secretary 3 EX-99 2 0002.txt Exhibit 99 FOR: G-I 1361 Alps Road, Wayne, New Jersey 07470 FROM: EDWARD G. NOVOTNY & ASSOCIATES, INC. Two Tudor City Place, New York, New York 10017 Tel: 212.490.2065, Fax: 212.661.1336, Email: novotnyinc@aol.com FOR IMMEDIATE RELEASE --------------------- FRIDAY, JANUARY 5, 2001 ----------------------- G-I FILES CHAPTER 11 PETITION ----------------------------- TO RESOLVE ASBESTOS LIABILITY CLAIMS ------------------------------------ WAYNE, New Jersey -- G-I announced today that it has filed a voluntary petition in the U. S. Bankruptcy Court for the District of New Jersey in Newark, New Jersey to resolve asbestos liability claims against the Company in a reorganization under Chapter 11 of the U. S. Bankruptcy Court. G-I, the successor to GAF Corporation as a result of a merger, is a privately-held holding company, and its only operating subsidiary, Building Materials Corporation of America, is not included in the filing. G-I's asbestos liability arose in connection with a 1967 acquisition of Ruberoid Company, which included at the time a small, non-core business which produced an asbestos insulation product, Calcilite. The United States Navy requested Ruberoid during World War II to develop this product for use as an insulation material in its ships. After the United States Public Health Service concluded that Calcilite was safe, Ruberoid supplied the product to Naval shipyards pursuant to requisition in accordance with Government specifications, and a substantial portion of the Company's total Calcilite sales were made to the United States Government. After publication in the late 60's of medical studies concerning the dangers of asbestos, the Company closed its Calcilite operation and has not produced these products for 30 years. - MORE - 4 Since the 1970's, G-I has paid out, as a result of the Ruberoid acquisition, whose asbestos insulation business had profits over a 30-year period of $1 million and sales of $35 million, in connection with over 500,000 personal injury claims filed against the Company, more than $1.5 billion in claims and expenses, a substantial portion of which has gone to legal fees and people who have had no asbestos-related impairment. Commenting on the announcement, Richard A. Weinberg, Chief Executive Officer and General Counsel of G-I, said, "Today's action was taken only after every effort was made by the Company to responsibly resolve its asbestos liabilities. While our overriding objective has always been to compensate deserving asbestos victims that have been injured as a result of Ruberoid's products, there is simply not enough money in the world to make substantial payments as well as to the almost limitless population of those who have in the past been exposed to asbestos but who have no asbestos-related injury. In this latter connection, it has been estimated that as many as 85% of all current asbestos personal injury claimants have no asbestos-related impairment." Mr. Weinberg attributed the necessity of the filing to, "The sharp, unforeseen increase in the number of claims asserted, the dramatic escalation in settlement demands, the inability of the tort system to resolve such claims in a fair and orderly manner, and the recent rash of asbestos-related bankruptcies which has increased the pressure on remaining defendants to cover the share of payments formerly made by bankrupt defendants, together with lower than expected financial results over the past year from the Company's operating subsidiary." 5 -----END PRIVACY-ENHANCED MESSAGE-----