United States Securities And Exchange Commission
Washington, DC 20549
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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 18, 2004
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NN, INC.
(Exact Name of Registrant as Specified in Charter)
Delaware 0-23486 62-1096725
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(State or Other Jurisdiction of (Commission (I.R.S. Employer
Incorporation or Organization) File Number) Identification Number)
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 June 18, 2004, the Company issued a press release announcing management
changes at NN Europe. The Company appointed Nicola Trombetti to Managing
Director, NN Europe. Mr. Trombetti succeeds Dario Galetti, who resigned to
pursue other interests.
Item 7. Financial Statements and Exhibits.
(c) Exhibits. The following exhibits are filed herewith:
99.1 Press Release dated June 18, 2004.
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.
Dated: June 21, 2004 By: /s/ William C. Kelly, Jr.
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William C. Kelly, Jr.,
Secretary, Treasurer and Chief Administrative
Officer
Exhibit No. Description
99.1 Press Release of NN, Inc. dated June 18, 2004.
Exhibit 99.1
NEWS
FINANCIAL
RELATIONS BOARD
RE: NN, Inc.
2000 Waters Edge Drive
Johnson City, TN 37604
FOR FURTHER INFORMATION:
AT THE COMPANY AT FINANCIAL RELATIONS BOARD
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Will Kelly Alison Ziegler Susan Garland
Treasurer & Manager of Investor Relations (General info) (Analyst info)
(423) 743-9151 212-445-8432 212-445-8458
FOR IMMEDIATE RELEASE
June 18, 2004
NN, INC. NAMES
NICOLA TROMBETTI MANAGING DIRECTOR OF NN EUROPE
REPLACES RESIGNING DARIO GALETTI
Johnson City, Tenn., June 18, 2004 - NN, Inc. (Nasdaq: NNBR) today announced
recent management changes at NN Europe. The Company appointed Nicola Trombetti
to Managing Director, NN Europe. Mr. Trombetti succeeds Dario Galetti, who
resigned to pursue other interests.
Prior to being named Managing Director, Nicola Trombetti, age 44, was Vice
President and Director of Operations, NN Europe. He joined the Company in
September 2000 as Plant Director for Pinerolo Italy. Prior to joining NN Europe,
Mr. Trombetti was Plant Director for Tekfor - Neumaier GmbH Group, a
European-based steel component manufacturer for the auto industry. From 1996 to
1999 he was a manufacturing and Plant Manager for SKF Group. He also spent seven
years as a manufacturing manager for Pininfarina, an Italian-based automotive
design and engineering and development firm. Mr. Trombetti has a degree in
mechanical engineering from Bologna University, Italy.
Roderick R. Baty, Chairman and Chief Executive Officer, stated, "We are
fortunate to have such a strong manager to be able to step up as Managing
Director, NN Europe. In his new position, Nicola will be responsible for
overseeing our NN Europe operations in Ireland, Germany, Italy, Slovakia and The
Netherlands. Nicola's experience implementing Total Quality Management programs
and Lean Manufacturing initiatives will be particularly valuable as we continue
with the training and improvement activities related to our Level 3 program. We
look forward to his contributions as we continue to grow and expand our business
and customer relationships in Europe."
NN, Inc. manufacturers 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 $253 million in 2003.
The comments by Mr. Baty regarding NN Europe are forward looking statements made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements involve a number of risks and
uncertainties that may cause actual results to be materially different from such
forward-looking statements. Such factors include, among others, general economic
conditions and economic conditions in the industrial sector, 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, 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, 2003.
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