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 15, 2006
SUPERIOR INDUSTRIES INTERNATIONAL, INC.
(Exact Name of Registrant as Specified in Its Charter)
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| California
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1-6615
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95-2594729 |
| (State or Other Jurisdiction
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(Commission File Number)
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(IRS Employer |
| of Incorporation)
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Identification No.) |
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| 7800 Woodley Avenue |
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| Van Nuys, California
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91406 |
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(Zip Code) |
Registrant’s Telephone Number, Including Area Code: (818) 781-4973
N/A
(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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
TABLE OF CONTENTS
Item 2.05 Costs Associated with Exit or Disposal Activities
Superior Industries International, Inc. issued a press release on September 15, 2006, announcing
the planned closure of its wheel manufacturing facility located in Johnson City, Tennessee, that
will result in a lay off of approximately 500 employees. The planned closure of the Johnson City
facility, which is expected to be completed in the first quarter of 2007, was decided upon on
September 15, 2006. This is the latest step in our program to rationalize our production capacity
after the recent announcements by our customers of sweeping production cuts, particularly in the
light truck and sport utility platforms, that have reduced our requirements for the near future. We
expect to incur severance and other costs related to the closure of this facility of approximately
$1.0 million over the next six months. Impairment charges, if any, associated with the closing of
this facility will be recorded as of September 30, 2006.
This Form 8-K contains statements that are forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements are based on current
expectations, estimates and projections about the company’s business based, in part, on assumptions
made by management. These statements are not guarantees of future performance and involve risks,
uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and
results may differ materially from what is expressed or forecasted in such forward-looking
statements due to numerous factors and risks discussed from time to time in the company’s
Securities and Exchange Commission filings and reports. In addition, such statements could be
affected by general industry and market conditions and growth rates, and general domestic and
international economic conditions. Such forward-looking statements speak only as of the date on
which they are made and the company does not undertake any obligation to update any forward-looking
statement to reflect events or circumstances after the date of this release.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
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99.1 |
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Press release, dated September 15, 2006, issued by Superior
Industries International, Inc., announcing the planned
closure of the company’s wheel manufacturing facility
located in Johnson City, Tennessee. |