8-K: Current report filing
Published on August 15, 2012
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
August 15, 2012
(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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001-07349
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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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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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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 August 15, 2012
Item 2.05. Costs Associated with Exit or Disposal Activities.
On August 15, 2012, the Company issued a press release, attached hereto as Exhibit 99.2, announcing that it will cease production at its Columbus, Ohio, and Gainesville, Florida, metal beverage packaging plants. As a result of the closures, a total after-tax charge of approximately $30 million is expected to be recorded in the Company’s results. The charge includes $21 million for employee severance, pension and other employee benefit costs, $12 million for equipment removal and cleanup costs and $15 million related to accelerated depreciation and the write-down to net realizable value of certain fixed assets and related spare parts and inventory. These charges will be offset by tax recoveries of approximately $18 million. A majority of the charge is expected to be recorded in the third quarter of 2012.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
The following is furnished as an exhibit to this report:
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Exhibit 99.2
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Ball Corporation Press Release dated August 15, 2012
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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.
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BALL CORPORATION
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(Registrant)
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By:
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/s/ Scott C. Morrison
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Name:
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Scott C. Morrison
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Title:
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Senior Vice President and
Chief Financial Officer
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Date: August 15, 2012
Ball Corporation
Form 8-K
August 15, 2012
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EXHIBIT INDEX
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Description
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Exhibit
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Ball Corporation Press Release dated August 15, 2012
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99.2
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