Superior Essex Inc - Current report filing (8-K)
04 July 2008 - 5:01AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington, D.C. 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, 2008
SUPERIOR
ESSEX INC.
(Exact name of registrant as specified in its charter)
Delaware
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0-50514
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20-0282396
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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.)
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150
Interstate North Parkway, Atlanta, Georgia 30339
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(Address of principal executive offices) (Zip Code)
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(770) 657-6000
(Registrants telephone number, including area code)
N/A
(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:
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))
Item 2.05 Costs Associated with Exit or
Disposal Activities.
On March 13, 2008, Superior Essex Inc. (the Company) announced that
its French subsidiary, Essex SAS, has initiated discussions with the
appropriate employee representative bodies for the potential closure of its
magnet wire manufacturing facility in Chauny, France. Discussions with
the local employee representative bodies have been completed and on June 30,
2008, the Company authorized the closure of the Chauny facility. The changes
are expected to more efficiently match the Companys production capabilities to
industry demand levels and to customer requirements.
The total estimated cost of the restructuring is approximately 12
million, which primarily consists of cash charges of approximately 10 million relating
to employee severance benefits and related social costs and approximately 2
million related to equipment relocation and disposal and other costs associated
with the restructuring. The Company
expects to incur the majority of these charges in 2008.
2
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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SUPERIOR ESSEX INC.
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Date: July 3, 2008
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By:
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/s/ David S. Aldridge
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David S. Aldridge
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Executive Vice President, Chief Financial
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Officer and Treasurer
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3
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