8-K: Current report filing
Published on April 13, 2009
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
April 8,
2009
(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
April 13, 2009
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Item
2.05.
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Costs
Associated with Exit or Disposal
Activities
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On April
8, 2009, the Company issued a press release, attached hereto as
Exhibit 99.1, announcing the closure of its polyethylene terephthalate
(PET) plastic packaging plants in Baldwinsville, New York, and in Watertown,
Wisconsin. As a result of the closures, an after-tax charge of
approximately $14.6 million will be recorded in the company’s second
quarter results. The charges include $3.8 million for personnel
costs, $5.8 million related to the termination of the lease at
Baldwinsville and the sale of the Watertown facility, $3.9 million for the
termination of an electricity contract and $10.5 million primarily related
to accelerated depreciation and the cost of installing equipment in alternative
plants. These charges will be offset by tax recoveries of
approximately $9.4 million. Cost reductions associated with
these plant closings are expected to be approximately $12 million annually
beginning in 2010.
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Item 9.01.
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Exhibits.
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(d) Exhibits.
The
following is furnished as an exhibit to this report:
Exhibit
99.1 Ball
Corporation Press Release dated April 8, 2009.
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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:
April 13, 2009
Ball
Corporation
Form
8-K
April
13, 2009
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EXHIBIT
INDEX
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Description
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Exhibit
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Press
Release dated April 8, 2009.
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99.1
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