-----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, BjU7YHoBVoWFjqPPYahzIeeQE4/zLVrpFbWy89y4K6ax7dmtLWqRfJWwhfMq5luR BZ/Ogg3gbkroCVVLQONTLw== 0000009389-98-000002.txt : 19980217 0000009389-98-000002.hdr.sgml : 19980217 ACCESSION NUMBER: 0000009389-98-000002 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980128 ITEM INFORMATION: FILED AS OF DATE: 19980212 SROS: CSX SROS: NYSE SROS: PCX FILER: COMPANY DATA: COMPANY CONFORMED NAME: BALL CORP CENTRAL INDEX KEY: 0000009389 STANDARD INDUSTRIAL CLASSIFICATION: METAL CANS [3411] IRS NUMBER: 350160610 STATE OF INCORPORATION: IN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-07349 FILM NUMBER: 98535176 BUSINESS ADDRESS: STREET 1: 345 S HIGH ST STREET 2: P O BOX 2407 CITY: MUNCIE STATE: IN ZIP: 47307 BUSINESS PHONE: 3177476100 MAIL ADDRESS: STREET 1: PO BOX 2407 CITY: MUNCIE STATE: IN ZIP: 47307-0407 FORMER COMPANY: FORMER CONFORMED NAME: BALL BROTHERS CO DATE OF NAME CHANGE: 19731115 8-K 1 CURRENT REPORT ON FORM 8-K 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 28, 1998 BALL CORPORATION ----------------------------------------------------------- (Exact name of registrant as specified in its charter) Indiana ----------------------------------------------------------- (State or other jurisdiction of incorporation) 1-7349 35-0160610 -------------------------------- --------------------------------------- (Commission File Number) (IRS Employer Identification No.) 345 South High Street, Muncie, Indiana 47305-2326 (Address of principal executive office) (Zip Code) Registrant's telephone number, including area code: (765) 747-6100 Ball Corporation Current Report on Form 8-K Dated February 12, 1998 Item 5. Other Events. Ball Corporation (the "Company") announced on February 4, 1998, that it will move its corporate headquarters from Muncie to the Denver/Boulder area in Colorado. It is anticipated that the move will be complete near the end of 1998. The decision to relocate the corporate headquarters came only after significant changes in Ball's businesses and strategic direction in recent years. Ball moved from Buffalo, New York, in 1887. Ball has approximately 180 employees at its corporate offices in Muncie. Ball has had operations in Colorado since 1956. Its packaging operations generate 85 percent of the Company's sales and are headquartered in Colorado. The Company estimates that relocation and other costs should be approximately $20 million, pre-tax. The Company expects to realize annual savings in excess of $4.0 million, pre-tax. The Company announced on January 28, 1998, that the Board of Directors elected R. David Hoover as Vice Chairman and George A. Matsik as President of Ball Corporation. Mr. Hoover will continue as Chief Financial Officer of the Company. Mr. Matsik will continue as Chief Operating Officer, Packaging. Item 7. Financial Statements and Exhibits The following are filed as an Exhibits to this report. Exhibit Number 99 Description Ball to Relocate Corporate Headquarters from Indiana to Colorado Ball Promotes Two Executives Ball Corporation Current Report on Form 8-K Dated February 12, 1998 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 thereunto duly authorized. BALL CORPORATION (Registrant) Date: February 12, 1998 By: /s/ A. R. Schlesinger --------------------- A. R. Schlesinger Vice President and Controller Ball Corporation Current Report on Form 8-K Dated February 12, 1998 EXHIBIT INDEX Exhibit Description EX-99 Text of a press release disseminated by the registrant on February 4, 1998. EX-99 Management Information Bulletin disseminated by the registrant on January 28, 1998. EX-99 2 EXHIBIT-99 OTHER DOCUMENTS TO SECURITY HOLDERS Ball Corporation Current Report on Form 8-K Dated February 12, 1998 Exhibit EX-99 Following is the text of a press release disseminated by the registrant on February 4, 1998: BALL TO RELOCATE CORPORATE HEADQUARTERS FROM INDIANA TO COLORADO MUNCIE, Ind., February 4, 1998--Ball Corporation [NYSE: BLL] will relocate its corporate headquarters from Muncie to the Denver/Boulder area in Colorado, the company announced today. Preparations for the move will begin immediately, and it is anticipated the relocation will be in stages and will be complete near the end of 1998. Ball has approximately 180 employees at its corporate offices in Muncie. The new home for the corporate offices will be in the company's Colorado Engineering Center building in Broomfield, Colo. Ball employs more than 3,000 people in Colorado, owns or leases more than one million square feet of building space and has approximately 200 acres of developable land between Denver and Boulder. The Colorado Engineering Center, originally designed as a headquarters facility, was purchased by Ball in 1987. George A. Sissel, chairman and chief executive officer, said the decision to relocate the corporate headquarters came after significant changes in Ball's businesses and strategic direction in recent years. "Today our operating management is highly concentrated in Colorado. We have excellent facilities and a strong employment base there," Sissel said. "Relocating will enable us to take better advantage of those resources, improve communication within the company, curtail much travel and further reduce general and administrative costs. We anticipate that relocation and other costs should be approximately $20 million, pre-tax. Upon completion of the move and coordination of corporate and some staff functions, we expect to realize annual savings in excess of $4 million, pre-tax." Ball has had operations in Colorado since 1956. Its packaging operations, which generate 85 percent of the company's sales, are headquartered in Colorado, as is the company's aerospace and technologies subsidiary, which accounts for the other 15 percent of company revenues. Ball produces rigid metal and plastic packaging products, primarily for beverages and foods, and provides aerospace and other high technology products and services to governmental and commercial customers. The company reported 1997 sales of $2.4 billion. * * * Note: This news release may contain forward-looking statements as encouraged by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are necessarily projections which are subject to change upon the occurrence of certain events which may affect the business, many of which are set forth in the company's latest Form 10-Q report filed with the Securities and Exchange Commission on Nov. 10, 1997. 5a/98 Ball Media Contact: Scott McCarty 765/747-6175, smccarty@ball.com Ball Investor Contact: Doug Poling 765/747-6165, dpoling@ball.com http://www.ball.com - ------------------------------------------------------------------------------- Management Information Bulletin - ------------------------------------------------------------------------------- January 28, 1998 Today our Board of Directors elected R. DAVID HOOVER as vice chairman and GEORGE A. MATSIK as president of Ball Corporation. These promotions recognize the important roles Dave and George play in the current management and direction of Ball Corporation, but, perhaps more importantly, the elections establish for us a leadership plan which can take our company well into the next century. Dave Hoover, reporting to me, now will be vice chairman and will continue as chief financial officer, with his deep involvement in our packaging initiatives. In addition, he now will have oversight and strategic responsibility for all of our aerospace and technology businesses. This, of course, includes primarily Ball Aerospace & Technologies Corp., our wholly owned subsidiary, which will still be under the able direction of Donald W. Vanlandingham, its president and CEO. Don will work directly with Dave on matters regarding BATC. Dave also will be vice chairman of BATC and will be involved with other investments or strategic initiatives we choose to make in the aerospace and technology arena. I will remain chairman of the BATC board. Dave has a clear vision of what Ball Corporation needs to be, and he knows what it will take for us to achieve that vision. He has a keen mind for business and finance; experience working in an operating unit; strong communication skills; an unassuming personality; and a demonstrated ability to direct, motivate and lead others. Since he joined us in 1970, Dave has held numerous positions within Ball. He is well known, liked and respected throughout the company. His new position will present him additional challenges and should help prepare him for even greater responsibilities with the company in the future. George Matsik, reporting to me, is now president and will continue as chief operating officer, packaging. George has been tireless in recent years in directing Ball's commitment to operating excellence in our existing packaging businesses and in building it in our new packaging initiatives. In his new position, George will remain focused on our packaging operations. As that constitutes approximately 85 percent of our revenues, the board and I felt it only appropriate that he be president of Ball Corporation. George is committed to making Ball a better operating company today than it was yesterday and better tomorrow than it is today. He is relentless in this pursuit, and that is exactly what we must be in order to succeed in businesses which demand we be a low-cost but visionary supplier. He has spent a quarter of a century with Ball, all of it involved in our packaging operations. Wherever he has gone and whatever he has done in the company, he has demonstrated his ability to lead, get the job done and make us a winner. I will remain as chairman and chief executive officer of Ball, with the other corporate functions continuing to report directly to me. My current intention is to work as CEO until my normal retirement in about three years. Please join me in congratulating Dave and George on their elections to these important new positions. Our present and our future clearly are in their and my hands, but we are the first to say that, without the rest of you, we can achieve little. Together, we can achieve much. George A. Sissel Chairman and Chief Executive Officer -----END PRIVACY-ENHANCED MESSAGE-----