UNITED
STATES
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
Date of Report (Date of earliest
event reported): April 14, 2009
NN,
INC.
(Exact name of registrant as specified in its
charter)
| Delaware | 0-23486 | 62-1096725 |
|
(State
or other jurisdiction of incorporation)
|
(Commission
File Number)
|
(IRS Employer
Identification No.)
|
|
2000 Waters Edge Drive
Johnson City, Tennessee
|
37604 | |
|
(Address of
principal executive offices)
|
(Zip
Code)
|
Registrant's telephone number, including area
code: (423)743-9151
Check the appropriate box below if
the Form 8-K filing is intended to simultaneously satisfy the obligation of the
registrant under any of the following provisions:
o Written
communications pursuant to Rule 425 under the Securities Act (17CFT
230.425)
o Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17CFT 240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17CFT
240.14d-2(b))
o Pre-commencement
communications pursuant to Rule 13c-4(c) under the Exchange Act (17CFT
240.13c-4(c))
ITEM 5.02 DEPARTURE OF DIRECTORS
OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN
OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
Attached as Exhibit 99.1 is NN Inc.'s press
release dated April 14, 2009 naming Frank T. Gentry as Vice President
and Global Managing Director of Precision Metal Bearing Components and Jeffrey
H. Hodge as Vice President and General Manager of U.S. Ball & Roller
Division.
ITEM 9.01 FINANCIAL STATEMENTS AND
EXHIBITS
Exhibit:
Exhibit
Number Description of Exhibit
99.1
Press Release of NN, Inc. dated April 14, 2009.
SIGNATURES
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.
| NN, INC. | |||
|
Date: April
15, 2009
|
By:
|
/s/ William C. Kelly, Jr. | |
| Name : William C. Kelly, Jr. | |||
| Title : Vice President and Chief Administrative Officer | |||
RE: NN,
Inc.
2000
Waters Edge Drive
Johnson
City, TN 37604
FOR
FURTHER INFORMATION:
| AT THE COMPANY | AT FINANCIAL RELATIONS BOARD |
| Will Kelly | Marilynn Meek |
| Vice President and Chief Administrative Officer | (General info) |
| (423) 743-9151 | 212-827-3773 |
FOR
IMMEDIATE RELEASE
April 14,
2009
NN,
INC. NAMES FRANK T. GENTRY VICE PRESIDENT AND GLOBAL
MANAGING
DIRECTOR OF PRECISION METAL BEARING COMPONENTS
AND
JEFFREY H. HODGE AS VICE PRESIDENT AND GENENERAL MANAGER
OF
U.S. BALL & ROLLER DIVISION
Johnson City, Tenn., April 14, 2009 –
NN, Inc. (Nasdaq: NNBR) today announced that it has named Frank T. Gentry
as Vice President and Global Managing Director - Precision Metal Bearing
Components and Jeff Hodge as Vice President and General Manager - U.S. Ball
& Roller Division.
Mr.
Gentry joined the Company in 1981 and has held a various manufacturing
management positions within the Company. He has served most recently
as the Vice President and General Manager of the U.S. Ball & Roller and NN
Asia operations. Mr. Hodge has been with the Company since
1989 and has served in various operational and management positions in the
Company. Mr. Hodge’s most recent position has been as the Company’s
Corporate Level 3 Manager.
Mr.
Roderick R. Baty, Chairman and Chief Executive Officer commented, “I am pleased
to announce the appointment of both Frank Gentry and Jeff Hodge to these very
important positions. Both Frank and Jeff have a long record of successful
leadership in the various positions they have served in with the
Company.”
Mr. Baty
continued, “The formation of the newly created position of Global Managing
Director – Precision Bearing Components is an important step in the strategic
restructuring of our global precision bearing business. This
structure will strengthen and improve the competitiveness of our global
operations and allow us to capture needed global organizational synergies in our
precision ball, roller and cage businesses in North America, Europe and
China.”
NN, Inc.
manufacturers and supplies high precision metal bearing components, industrial
plastic and rubber products and precision metal components to a variety of
markets on a global basis. Headquartered in Johnson City, Tennessee,
NN has 12 manufacturing plants in the United States, Western Europe, Eastern
Europe and China. NN, Inc. had sales of US $425 million in
2008.
Except for specific historical
information, many of the matters discussed in this press release may express or
imply projections of revenues or expenditures, statements of plans and
objectives or future operations or statements of future economic performance.
These, and similar statements, are forward-looking statements concerning matters
that involve risks, uncertainties and other factors which may cause the actual
performance of NN, Inc. and its subsidiaries to differ materially from those
expressed or implied by this discussion. All forward-looking
information is provided by the Company pursuant to the safe harbor established
under the Private Securities Litigation Reform Act of 1995 and should be
evaluated in the context of these factors. Forward-looking statements generally
can be identified by the use of forward-looking terminology such as
“assumptions”, “target”, “guidance”, “outlook”, “plans”, “projection”, “may”,
“will”, “would”, “expect”, “intend”, “estimate”, “anticipate”, “believe”,
“potential” or “continue” (or the negative or other derivatives of each of these
terms) or similar terminology. Factors which could materially affect actual
results include, but are not limited to: general economic conditions and
economic conditions in the industrial sector, inventory levels, regulatory
compliance costs and the Company's ability to manage these costs, start-up costs
for new operations, debt reduction, competitive influences, risks that current
customers will commence or increase captive production, risks of capacity
underutilization, quality issues, availability and price of raw materials,
currency and other risks associated with international trade, the Company’s
dependence on certain major customers, the successful implementation of the
global growth plan including development of new products and consummation of
potential acquisitions and other risk factors and cautionary statements listed
from time to time in the Company’s periodic reports filed with the Securities
and Exchange Commission, including, but not limited to, the Company’s Annual
Report on 10-K for the fiscal year ended December 31, 2008.
###