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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) May 5, 2003
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NN, INC.
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(Exact name of registrant as specified in its charter)
DELAWARE 0-23486 62-1096725
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
2000 Waters Edge Drive, Johnson City, Tennessee 37604
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (423) 743-9151
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Not applicable
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(Former name or former address, if changed since last report)
Item 5. Other Events and Regulation FD Disclosure.
On May 5, 2003 the Company issued a press release announcing a public
offering of the Company's common stock. A copy of the press release is attached
as Exhibit 99.1 hereto and incorporated herein by reference.
Item 7. Financial Statements and Exhibits.
(c) EXHIBITS. The following exhibits are filed herewith:
99.1 Press Release issued May 5, 2003.
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.
Date: May 5, 2003
NN, INC.
By: /s/ William C. Kelly, Jr.
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William C. Kelly, Jr.,
Treasurer, Secretary and Chief
Administrative Officer
RE: NN, Inc.
2000 Waters Edge Drive
Johnson City, TN 37604
FOR FURTHER INFORMATION:
AT THE COMPANY: AT FRB|WEBER SHANDWICK
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Will Kelly Kerry Thalheim Susan Garland
Treasurer & Manager of Investor Relations (General info) (Analyst info)
(423) 743-9151 212-445-8437 212-445-8458
FOR IMMEDIATE RELEASE
May 5, 2003
NN, INC. ANNOUNCES COMMON STOCK OFFERING
Johnson City, Tenn. - May 5, 2003 - NN, Inc. (Nasdaq: NNBR) today announced that
a group of selling shareholders intends to offer a total of 3,556,895 shares of
the Company's common stock in a public offering under a shelf registration
statement that was declared effective in February 2003. The underwriters will
have the option to purchase an additional 533,600 shares from the Company to
cover any over-allotments. The managing underwriters for the offering are
McDonald Investments Inc. and Legg Mason Wood Walker, Incorporated.
The selling shareholder group consists of Richard D. Ennen, Michael D. Huff,
Janet M. Huff and Deborah E. Bagierek. If the selling shareholders were to sell
all the shares covered by this offering, assuming the over-allotment option is
not exercised, the selling shareholders beneficial ownership of the Company's
common stock, as a group, would be reduced from approximately 22% (3.6 million
shares) to less than 1% (26,169 shares).
This press release shall not constitute an offer to sell or the solicitation of
an offer to buy, nor shall there be any sale of these securities in any state in
which such an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such state.
A preliminary prospectus supplement relating to the offering has been filed
today with the Securities and Exchange Commission. Printed copies of the
preliminary prospectus supplement and accompanying prospectus relating to the
offering may be obtained, when available from McDonald Investments Inc., 800
Superior Avenue, Suite 2100, Cleveland, Ohio 44114.
NN, Inc. manufactures and supplies high precision bearing components consisting
of balls, rollers, seals, and retainers for leading bearing manufacturers on a
global basis. In addition, the Company manufactures a variety of other plastic
components. NN, Inc. had sales of US $193 million in 2002.