UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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)
|
September 20, 2004 | |
WORTHINGTON INDUSTRIES, INC.
Ohio | 1-8399 | 31-1189815 | ||
(State or other jurisdiction | (Commission | (IRS Employer | ||
of incorporation) | File Number) | Identification No.) |
200 Old Wilson Bridge Road, Columbus, Ohio | 43085 | |||
(Address of principal executive offices) | (Zip Code) |
(614) 438-3210
No response required
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):
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))
Section 7 Regulation FD | ||||||||
Item 7.01. Regulation FD Disclosure. | ||||||||
Section 9 Financial Statements and Exhibits. | ||||||||
Item 9.01. Financial Statements and Exhibits. | ||||||||
SIGNATURE | ||||||||
EX-99.1 |
Section 7 Regulation FD
Item 7.01. Regulation FD Disclosure.
On September 20, 2004, Worthington Industries, Inc. (the Registrant) issued a press release (the September 20, 2004 Release) announcing the completion on September 17, 2004 of the previously announced purchase of substantially all of the assets (other than real property) of the Western Industries, Inc. Propane & Specialty Gas Cylinder Group (the Assets) pursuant to the Asset Purchase Agreement, dated as of September 1, 2004. This acquisition gives the Registrant the capacity to manufacture 14.1 oz. and 16.4 oz. disposable cylinders for hand torches, camping stoves, portable heaters and table top grills from locations in Chilton and Menomonee Falls, Wisconsin (the Business). The revenues of the Western Propane & Specialty Gas Cylinder Group for the last calendar year were approximately $50 million.
The Assets were purchased by Worthington Cylinder Acquisition, LLC, a subsidiary of the Registrant (WCA), for $64.5 million in cash, subject to an adjustment based on the adjusted working capital of the Business (as defined in the Asset Purchase Agreement) as of the closing of the transaction. The acquired Assets will be used in the Pressure Cylinders business segment of the Registrant.
Section 9 Financial Statements and Exhibits.
Item 9.01. Financial Statements and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits. A copy of the September 20, 2004 Release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
The information in this Current Report on Form 8-K, including Exhibit 99.1 included herewith, is being furnished and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934 (the Exchange Act) or otherwise subject to the liabilities of that Section, except if the Registrant specifically states that the information is to be considered filed under the Exchange Act or incorporates it by reference into a filing under the Securities Act of 1933 or the Exchange Act.
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.
WORTHINGTON INDUSTRIES, INC. |
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Date: September 20, 2004 | By: | /s/Dale T. Brinkman | ||
Dale T. Brinkman | ||||
Vice President-Administration, General Counsel & Secretary | ||||