FORM 8-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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) June 30, 2006
GIBRALTAR INDUSTRIES, INC.
(Exact name of registrant as specified in its chapter)
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Delaware
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0-22462
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16-1445150 |
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(State or other jurisdiction of
incorporation )
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(Commission File
Number)
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(IRS Employer
Identification No.) |
3556 Lake Shore Road
P.O. Box 2028
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Buffalo, New York
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14219-0228 |
(Address of principal executive offices) (Zip Code)
Registrants telephone number, including area code (716) 826-6500
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 2.01. Completion of Acquisition or Disposition of Assets.
On May 31, 2006, Gibraltar Industries, Inc., a Delaware corporation (the Company) and its
subsidiaries (the Subsidiaries) engaged in thermal processing and treatment of metals
(collectively with the Company, the Seller) entered into an Asset Purchase Agreement (the
Agreement) with BlueWater Thermal Processing, LLC, a Delaware limited liability company (the
Purchaser). Pursuant to the Agreement, on June 30, 2006 the Company sold and, the Purchaser
purchased, substantially all of the assets of Sellers Thermal Processing segment (the
Transaction). Under the terms of the Agreement, the total consideration received by the Company
was approximately $135,000,000 paid to the Company in cash and the assumption of certain
liabilities. There was no material relationship, other than in respect of the Transaction, between
the parties. The foregoing description of the Agreement is qualified in its entirety by reference
to the terms, provisions and covenants of the Agreement, a copy of which has been filed as Exhibit
10.1 to this report on Form 8-K and is incorporated herein by reference. The Agreement has been
filed to provide investors and security holders with information regarding its terms, provisions,
conditions and covenants and is not intended to provide any other factual information respecting
the Seller. In particular the Agreement contains representations and warranties the Purchaser and
Seller made to and solely for the benefit of each other, allocating among themselves various risks
of the transaction. The assertions embodied in those representations and warranties are qualified
or modified by information in confidential disclosure schedules that the parties have exchanged in
connection with signing the Agreement. Moreover, information concerning the subject matter of the
representations and warranties may change after the date of the Agreement, which subsequent
information may or may not be fully reflected in our public disclosures. Accordingly, investors
and security holders should not rely on the representations and warranties in the Agreement as
characterizations of the actual state of any fact or facts.
ITEM 8.01. Other Events
On June 30, 2006 the Company issued a press release announcing that it had completed the sale of
the assets of its Thermal Processing segment. A copy of that press release is included as Exhibit
99.2 hereto and incorporated herein by reference.
ITEM 9.01. Financial Statements and Exhibits
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(b) |
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Pro Forma Financial Information |
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99.1 |
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Unaudited Pro Forma Condensed Combined Financial Information |
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10.1 |
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Asset Purchase Agreement among Gibraltar Industries, Inc.,
its subsidiaries that are signatory thereto and Blue Water Thermal Processing
LLC dated May 31, 2006 |
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99.2 |
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Press Release dated June 30, 2006 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has
duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
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Dated: July 6, 2006 |
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GIBRALTAR INDUSTRIES, INC. |
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/S/ David W. Kay |
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Name:
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David W. Kay |
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Title:
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Executive Vice President, Treasurer and Chief Financial Officer
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EXHIBIT INDEX
10.1 Asset Purchase Agreement among Gibraltar Industries, Inc., its subsidiaries that are
signatory thereto and Blue Water Thermal Processing LLC (Filed herewith)
99.1 Unaudited Pro Forma Condensed Combined Financial Information (Filed herewith)
99.2 Press Release dated June 30, 2006 (Filed herewith)