8-K: Current report filing
Published on October 12, 2006
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
October 12,
2006
(Date
of
earliest event reported)
BALL
CORPORATION
(Exact
name of Registrant as specified in its charter)
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Indiana
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1-7349
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35-0160610
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(State
of
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(Commission
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(IRS
Employer
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Incorporation)
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File
No.)
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Identification
No.)
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10 Longs
Peak Drive, P.O. Box 5000, Broomfield, CO 80021-2510
(Address
of principal executive offices, including ZIP Code)
(303)
469-3131
(Registrant’s
telephone number, including area code)
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):
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□
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Written
communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
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□
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))
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Ball
Corporation
Current
Report on Form 8-K
Dated
October 12, 2006
Item
8.01. Other Events.
On
October 12, 2006, Ball Corporation (the “Company”) issued a press release
announcing that by the end of the year it will close two manufacturing
facilities in North America as part of the realignment of the company’s Metal
Food & Household Products, Americas, segment following the acquisition
earlier this year of U.S. Can Corporation.
Ball
will
close a leased facility in Alliance, Ohio, which was one of 10 manufacturing
locations in the U.S. acquired from U.S. Can. The plant manufactures plastic
pails, primarily for paints and chemicals.
The
company also announced that its Canadian subsidiary will close a metal food
can
manufacturing plant in Burlington, Ontario, which was part of Ball’s metal food
can operations prior to the acquisition. The facility produces three-piece
steel
food can bodies and ends, and does metal cutting and coating.
The
closure of the Alliance plant is expected to be cash neutral and be treated
as
an opening balance sheet item related to the U.S. Can acquisition. Ball will
record a fourth quarter after-tax charge of approximately $25 million related
to
equipment disposal and the Burlington closure.
The
closure of the two plants will reduce annual operating costs by approximately
$8
million and be cash flow positive after tax benefits and proceeds from the
sale
of the fixed assets.
The
Alliance plant has approximately 40 employees and the Burlington plant has
approximately 300 employees.
Item
9.01. Financial Statements and Exhibits.
(c)
Exhibits.
The
following is furnished as an exhibit to this report:
Exhibit
99.1 Ball Corporation Press Release dated October 12, 2006
SIGNATURE
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.
BALL
CORPORATION
(Registrant)
By:
/s/
Raymond J. Seabrook
Name: Raymond J. Seabrook
Title: Senior Vice President and Chief Financial Officer
Title: Senior Vice President and Chief Financial Officer
Date:
October 12,
2006
Ball
Corporation
Form
8-K
October 12,
2006
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EXHIBIT
INDEX
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Description
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Exhibit
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Press
Release dated October 12, 2006
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99.1
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