-----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, MZWDdwVu8J/C1orVxQ0xVSJY1YNeWXXMpkumRKIuC7u1Ylg0/q9N8kXqH/RK2Q1I W1Hm+UL1xDvGsaCY6Us5Qg== 0000950152-08-007435.txt : 20080925 0000950152-08-007435.hdr.sgml : 20080925 20080925133617 ACCESSION NUMBER: 0000950152-08-007435 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20080923 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080925 DATE AS OF CHANGE: 20080925 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: 000-00452 FILM NUMBER: 081088268 BUSINESS ADDRESS: STREET 1: 100 E PATTERSON ST CITY: TECUMSEH STATE: MI ZIP: 49286 BUSINESS PHONE: 5174238411 MAIL ADDRESS: STREET 1: 100 EAST PATTERSON STREET CITY: TECUMSEH STATE: MI ZIP: 49286 8-K 1 k35724e8vk.txt TECUMSEH PRODUCTS COMPANY 8-K 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): SEPTEMBER 23, 2008 TECUMSEH PRODUCTS COMPANY (Exact name of registrant as specified in its charter) MICHIGAN 0-452 38-1093240 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.)
100 EAST PATTERSON STREET TECUMSEH, MICHIGAN 49286 (Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (517) 423-8411 (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 (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 7.01 REGULATION FD DISCLOSURE. On September 23, 2008, we issued a press release announcing that Consolidated Biscuit Company ("CBC") has stated its intent to reach an agreement with us to acquire our former manufacturing and office facilities in Tecumseh, Michigan. The potential acquisition is subject to CBC's completion of its due diligence process, and is also contingent upon CBC reaching a final purchase agreement with us. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS. The following exhibit is furnished with this report:
Exhibit No. Description - ----------- ----------- 99.1 Press release dated September 23, 2008
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: September 25, 2008 By /s/ James S. Nicholson ------------------------------------- James S. Nicholson Vice President, Treasurer and Chief Financial Officer NOTE: The information in Item 7.01 of this report and the related exhibit is not to be deemed "filed" for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section unless the registrant specifically incorporates it by reference into a filing under the Securities Act or the Exchange Act. EXHIBIT INDEX
Exhibit No. Description - ----------- ----------- 99.1 Press release dated September 23, 2008
-2- EX-99.1 2 k35724exv99w1.txt EX-99.1 EXHIBIT 99.1 FOR IMMEDIATE RELEASE CONTACTS: Paula Holtz Economic Development Director City of Tecumseh, Michigan 517-434-6003 pholtz@tecumseh.mi.us Teresa Hess Director, Investor Relations Tecumseh Products Company 734-585-9507 teresa.hess@tecumseh.com CITY OF TECUMSEH, MICH. AND TECUMSEH PRODUCTS ANNOUNCE COMMUNITY INVESTMENT BY CONSOLIDATED BISCUIT COMPANY TECUMSEH, MICH., SEPT. 23, 2008 -- The City of Tecumseh, Mich. ("The City") and Tecumseh Products Company (Nasdaq: TECUA, TECUB) ("The Company") today announced that Consolidated Biscuit Company ("CBC") has stated its intent to invest in Tecumseh and create as many as 500 new jobs over a five-year period. The project is proposed as an adaptive reuse of the approximately 600,000 square-foot former Tecumseh Products site in Tecumseh. McComb, Ohio-based CBC said after the acquisition, it would immediately utilize portions of the existing facility, and has future plans to continue to expand within this facility and invest in this community and its workers. Tecumseh Products has worked closely with the City of Tecumseh and the Michigan Economic Development Corporation (MEDC) to help bring jobs back to Lenawee County. "We are pleased to have worked with the high-caliber team from the City of Tecumseh and Consolidated Biscuit Company to bring about a potential new use for our former facility," said Tecumseh Products' Chairman, President and CEO, Ed Buker. "Following our Company's recent relocation, this team has done an outstanding job in a short amount of time to create the potential for a significant net gain in regional jobs. We appreciate the contributions of our former workers, and are pleased CBC will have the opportunity to draw on their experience and dedication in growing CBC's operations." To help enable its investment, CBC received approval from the Michigan Economic Growth Authority (MEGA) Board at its September 23rd meeting for a Michigan Business Tax credit valued at approximately $5.2 million over the next 10 years. Additionally, the City of Tecumseh anticipates approval of a 12-year tax abatement to support the project. The Lenawee Economic Development Corporation and South Central Michigan Works also assisted in the effort to provide data and assistance to CBC in recruiting and hiring a qualified workforce for this project. Consolidated Biscuit has been manufacturing cookies and crackers throughout North America and beyond for almost 45 years. CBC is a major manufacturer of shelf snacks for some of the largest food companies located around the world. The proposed investment in Tecumseh would be CBC's first plant in Michigan. While CBC's MEGA tax credit paves the way for this investment to happen, the project is subject to CBC's completion of its due diligence which is anticipated to take approximately 120 days, and Tecumseh Products and CBC reaching a final purchase agreement. All parties are strongly committed to making the project a reality. Tecumseh is an attractive location for CBC's expansion plans due to its skilled labor pool, proximity to CBC's existing facilities and access to transportation routes. "This project is a clear example of the many collective benefits that can result from the cooperation of two leading manufacturers, the State of Michigan and our local government," said Tecumseh Mayor Harvey E. Schmidt. "From the start, Tecumseh Products Company, Consolidated Biscuit Company, MEDC, and the City have worked diligently to bring this venture to reality. We in the City can be particularly proud of the tireless effort put forth by our City Manager, Kevin Welch and our Economic Development Director, Paula Holtz. This is a proud day for Tecumseh, Michigan." -----END PRIVACY-ENHANCED MESSAGE-----