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): November 10, 2005
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NN, INC.
(Exact Name of Registrant as Specified in Charter)
Delaware 0-23486 62-1096725
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(State or other jurisdiction of (Commission (I. R. S. Employer
incorporation or organization) File Number) Identification No.)
2000 Waters Edge Drive, Johnson City, Tennessee 37604
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (423) 743-9151
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Not Applicable
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(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 5.02. Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers
On November 10, 2005, NN, Inc. (the "Company") issued a press release announcing
the appointment of Richard G. Fanelli to the Board of Directors. A copy of the
press release is annexed hereto as Exhibit 99.1.
Mr. Fanelli was most recently the President and Chief Executive Officer of
Enthone-OMI, Inc., a position he held until his retirement in 2000.
Mr. Fanellis spent the majority of his career at Enthone-OMI, Inc., a global
specialty chemical company that develops, produces and markets high performance
coatings for metals and plastics for the electronics, automotive, aerospace and
telecommunications industries. While at Enthone-OMI, Mr. Fanelli served in a
variety of positions including Vice President of Sales and Marketing, Executive
vice President and Chief Operational Officer of North America, President of
Enthone-OMI - Europe and most recently as President and Chief Executive Officer.
Mr. Fanelli earned an AB in Chemistry at St. Michael's College and a MBA from
the University of Connecticut. Currently, Mr. Fanelli serves on the Board of
Directors of Ensign-Bickford Industries, Inc. a privately held company serving
the aerospace and defense, pet food palatents and real estate markets.
Item 9.01. Financial Statements and Exhibits
Exhibits.
Exhibit
Number Description
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99.1 Press Release of NN, Inc. dated November 10, 2005
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.
NN, Inc.
Dated: November 10, 2005 By: /s/ William C. Kelly, Jr.
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William C. Kelly, Jr.
Secretary, Treasurer and
Chief Administrative Officer
Exhibit 99.1
NEWS
FINANCIAL
RELATIONS BOARD
RE: NN, Inc.
2000 Waters Edge Drive
Johnson City, TN 37604
FOR FURTHER INFORMATION:
AT THE COMPANY AT FINANCIAL RELATIONS BOARD
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Will Kelly Marilynn Meek Susan Garland
Vice President and Chief Administrative (General info) (Analyst info)
Officer
(423) 743-9151 212-827-3773 212-827-3775
FOR IMMEDIATE RELEASE
November 10, 2005
NN, INC. APPOINTS RICHARD G. FANELLI. TO BOARD
Johnson City, Tennessee, November 10, 2005 - NN, Inc. (Nasdaq: NNBR) today
announced the appointment of Richard G. Fanelli to its Board of Directors,
effective November 9, 2005. Mr. Fanelli was most recently the President and
Chief Executive Officer of Enthone-OMI, Inc., a position he held until his
retirement in 2000.
Roderick R. Baty, Chairman of the Board and Chief Executive Officer said, "We
are pleased to announce the appointment of Dick Fanelli to NN, Inc.'s Board of
Directors. His wealth of senior executive management experience in a global
manufacturing business will be invaluable to NN as we continue to execute our
business strategy. At Enthone-OMI, Dick led a management team which produced
profitable long-term growth during his eight year tenure as President and Chief
Executive Officer."
Mr. Fanelli spent the majority of his career at Enthone-OMI, Inc., a global
specialty chemical company that develops, produces and markets high performance
coatings for metals and plastics for the electronics, automotive, aerospace and
telecommunications industries. While at Enthone-OMI, Mr. Fanelli served in a
variety of positions including Vice President of Sales and Marketing, Executive
Vice President and Chief Operational Officer of North America, President of
Enthone-OMI - Europe and most recently as President and Chief Executive Officer.
Mr. Fanelli earned an AB in Chemistry at St. Michael's College and a MBA from
the University of Connecticut. Currently, Mr. Fanelli serves on the Board
Directors of Ensign-Bickford Industries, Inc. a privately held company serving
the aerospace and defense, pet food palatents and real estate markets.
NN, Inc. manufactures and supplies high precision bearing components consisting
of balls, rollers, seals, and retainers for leading bearing manufacturers on a
global basis. In addition, the Company manufacturers a variety of other plastic
components. NN, Inc. had sales of US $304 million in 2004.