0000096831-15-000021.txt : 20150417 0000096831-15-000021.hdr.sgml : 20150417 20150417161255 ACCESSION NUMBER: 0000096831-15-000021 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20150417 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20150417 DATE AS OF CHANGE: 20150417 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TECUMSEH PRODUCTS CO CENTRAL INDEX KEY: 0000096831 STANDARD INDUSTRIAL CLASSIFICATION: AIR COND & WARM AIR HEATING EQUIP & COMM & INDL REFRIG EQUIP [3585] IRS NUMBER: 381093240 STATE OF INCORPORATION: MI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36417 FILM NUMBER: 15778215 BUSINESS ADDRESS: STREET 1: 5683 HINES DRIVE CITY: ANN ARBOR STATE: MI ZIP: 48108 BUSINESS PHONE: 7345859500 MAIL ADDRESS: STREET 1: 5683 HINES DRIVE CITY: ANN ARBOR STATE: MI ZIP: 48108 8-K 1 a8-krestructuringpressrele.htm 8-K 8-K Restructuring Press Release


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): April 17, 2015

TECUMSEH PRODUCTS COMPANY
(Exact name of registrant as specified in its charter)
 
 
 
 
 
 
 
 
 
 
 
Michigan
 
001-36417
 
38-1093240
(State or other jurisdiction
 
(Commission
 
(IRS Employer
of incorporation)
 
File Number)
 
Identification No.)
 
 
 
 
5683 Hines Drive, Ann Arbor, Michigan
  
48108
(Address of principal executive offices)
  
(Zip Code)
Registrant’s telephone number, including area code: (734) 585-9500

(not applicable)
(Former name or former address, if changed since last report.)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
 
¨
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 7.01
Regulation FD Disclosure.

On April 17, 2015, we issued a press release announcing the delay of our presentation of our restructuring plan. We are furnishing a copy as Exhibit 99.1 to this report and incorporate it by reference in this Item 7.01.

 
 
 
Item 9.01
Financial Statements and Exhibits.
The following exhibit is filed with this report:
 
 
 
 
Exhibit No.
  
Description
 
 
 
 
99.1
  
Press release dated April 17, 2015
 
 
 
 






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.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
TECUMSEH PRODUCTS COMPANY
 
 
 
 
Date:
April 17, 2015
 
By
 
/s/ Janice E. Stipp
 
 
 
 
 
    Janice E. Stipp,
    Executive Vice President, Chief Financial
    Officer, Treasurer and Secretary






EXHIBIT INDEX
 
 
 
 
 
Exhibit No.
  
Description
 
 
 
 
99.1
  
Press release dated April 17, 2015
 
 
 
 



EX-99.1 2 pressreleaserestructuring.htm EXHIBIT 99.1 Press Release Restructuring


Exhibit 99.1
Tecumseh Products Company Announces Delay of Presentation of the Restructuring Plan

ANN ARBOR, Mich. - April 17, 2015 - Tecumseh Products Company (Nasdaq: TECU), a leading global manufacturer of compressors and related products, announced today the delay of their presentation of the restructuring plan.
During our earnings call in March 2015, we indicated that we would be ready to present a restructuring plan to shareholders and the public by the middle of April. While we have made significant progress in refining the plan, we are not prepared to present the plan, as was anticipated during the earnings call. “While we continue to focus on new product introductions and to aggressively drive improvements in our commercial and operational processes, we are also finalizing the remaining critical elements which will enable us to communicate our longer term plan,” said Harold Karp, President and CEO of Tecumseh. “We appreciate your continued interest and commitment to Tecumseh and to our Board and management team, and we look forward to presenting our plan soon.”
Tecumseh Products Company is a global manufacturer of hermetically sealed compressors for residential and specialty air conditioning, household refrigerators and freezers, and commercial refrigeration applications, including air conditioning and refrigeration compressors, as well as condensing units, heat pumps and complete refrigeration systems.
Press releases and other investor information can be accessed via the Investor Relations section of Tecumseh Products Company’s website at www.tecumseh.com.







    
Contact:
Janice Stipp
 
Tecumseh Products Company
 
734.585.9507
 
investor.relations@tecumseh.com