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 2, 2012
NN, INC.
(Exact name of registrant as specified in its charter)
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Delaware
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0-23486
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62-1096725
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(State or Other Jurisdiction of Incorporation)
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(Commission File Number)
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(I.R.S. Employer Identification No.)
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2000 Waters Edge Drive, Johnson City, Tennessee
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37604
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(Address of principal executive offices)
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(Zip Code)
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(423) 743-9151
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(Registrant's telephone number, including area code)
(Former name or former address, if changed since last report)
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Check the appropriate box 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):
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
| Item 8.01 | Other Events |
On April 2, 2012, NN, Inc. (the “Company”) issued a press release regarding the resignation of Thomas Zupan, Vice President of Business Development of Whirlaway Corporation, a division of the Company. A copy of the press release is furnished as Exhibit 99.1 and is incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits |
| Exhibit No. | Description |
| 99.1 | Press Release of NN, Inc. dated April 2, 2012 |
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.
Date: April 2, 2012
NN, Inc.
By: /s/ William C. Kelly, Jr.
Name: William C. Kelly, Jr.
Title: Vice President and Chief Administrative Officer
EXHIBIT 99.1
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F I N A N C I A L
RELATIONS BOARD
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n e w s |
| 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
March 26, 2012
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FOR IMMEDIATE RELEASE
April 2, 2012
NN INC. ANNOUNCES RESIGNATION OF THOMAS ZUPAN
Johnson City, Tenn, April 2, 2012 – NN, Inc. (Nasdaq: NNBR) today announced the resignation of Thomas Zupan, Vice President of Business Development of Whirlaway Corporation effective April 1, 2012, to pursue other personal interests. Following NN’s purchase of Whirlaway Corporation in December of 2006, Mr. Zupan, who was serving as President and Chief Executive Officer of Whirlaway Corporation, committed to staying on with the management group of the company until Whirlaway reached certain levels of financial performance. Recent positive trends in profitability at Whirlaway led to the timing of Mr. Zupan’s decision.
Roderick R. Baty, Chairman of the Board and Chief Executive Officer said, “Since the founding of Whirlaway in 1973, Tom has been instrumental in building a world class precision metal components business. We appreciate his willingness to stay with the Company during the transition and integration period of the acquisition. We will miss Tom and wish him and his family all the best.”
Mr. Zupan said, “I leave Whirlaway with mixed emotions, but am excited about the future and continuing legacy of Whirlaway as an NN, Inc operating division. The strategic guidance and support that Whirlaway has received since becoming a part of NN has positioned the business for a future of excellent growth and profitability. I wish everyone at Whirlaway and NN continued success.”
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 10 manufacturing plants in the United States, Western Europe, Eastern Europe and China. NN, Inc. had sales of US $425 million in 2011.