8-K: Current report filing
Published on October 25, 2007
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 23,
2007
(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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□
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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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□
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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 25, 2007
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Item 2.02.
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Results
of Operations and Financial
Condition.
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On
October 25, 2007, Ball Corporation (the “Company”) issued a press release
announcing its third quarter earnings for 2007, which results are set forth
in
the press release dated October 25, 2007, and attached hereto as
Exhibit 99.1.
Earnings
information regarding the third quarter for 2007, as well as information
regarding the use of non-GAAP financial measures, are set forth in the attached
press release.
The
information in this Report shall not be deemed to be “filed” for purposes of
Section 18 of the Securities Exchange Act of 1934, as amended, (the
“Exchange Act”) or otherwise subject to the liability of that section, and shall
not be deemed incorporated by reference in any filing under the Securities
Act
of 1933, as amended, or the Exchange Act, except as shall be expressly set
forth
by specific reference in such filing.
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Item 8.01.
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Other
Events.
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On
October 23, 2007, the Board of Directors of the Company approved a plan to
close two aerosol container manufacturing plants in the United States and will
exit the custom and specialty tinplate can business as part of a restructuring
of the Company’s metal food and household products packaging division,
Americas.
The
Company plans to close aerosol can manufacturing plants in Commerce, California,
and Tallapoosa, Georgia, and relocate certain of the related aerosol and
container manufacturing equipment into existing metal food container
facilities. Ball makes custom and specialty tinplate cans in its
Baltimore, Maryland, plant, and intends to sell that
facility. All three facilities were acquired in 2006 as part of the
Company’s acquisition of U.S. Can Corporation. The two plant closures
will result in a net reduction in manufacturing capacity of 10 production lines,
including the relocation of two high-speed aerosol lines into Ball
facilities.
The
Company will record a largely noncash, after-tax charge of approximately
$26 million in the fourth quarter of 2007 related to the plant closures and
equipment relocation. When completed in 2009, the actions are
expected to yield annualized cost savings in excess of
$15 million.
The
following is furnished as an exhibit to this report:
Exhibit
99.1 Ball
Corporation Press Release dated October 25, 2007.
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SIGNATURE
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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.
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BALL
CORPORATION
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(Registrant)
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By:
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/s/
Raymond J. Seabrook
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Name:
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Raymond J.
Seabrook
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Title:
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Executive
Vice President and
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Chief
Financial Officer
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Date: October 25,
2007
Ball
Corporation
Form
8-K
October 25,
2007
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EXHIBIT
INDEX
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Description
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Exhibit
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Press
Release dated October 25, 2007
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99.1
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