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): June 9, 2005
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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)
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):
[ ] 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 5.02 Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers.
On June 9, 2005, NN, Inc. (the "Company") issued a press release announcing
the appointment of James H. Dorton to the position of Vice President of
Corporate Development and Chief Financial Officer of the Company. A copy of the
press release is annexed hereto as Exhibit 99.1.
As more fully described in the press release attached hereto, Mr. Dorton,
age 48, joins the Company having most recently served as Executive Vice
President and Chief Financial Officer of Specialty Food Group, Inc. Prior to
that position, Mr. Dorton served as Vice President-Corporate Development &
Strategy at Bowater Incorporated. Mr. Dorton is a certified public accountant,
holds an MBA in Finance and Accounting from Vanderbilt University and a BSBA in
Public Administration from the University of Tennessee.
The material terms of the employment agreement between Mr. Dorton and the
Company are not yet determined.
Item 9.01 Financial Statements and Exhibits
Exhibits
Exhibit
Number Description of Exhibit
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99.1 Press Release of NN, Inc. dated June 9, 2005
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 10, 2005 By: /s/ William C. Kelly, Jr.
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William C. Kelly, Jr.
Secretary, Treasurer and
Chief Administrative Officer
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
Will Kelly Marilynn Meek Susan Garland
Vice President, Chief Administrative Officer (General info) (Analyst info)
(423) 743-9151 212-827-3773 212-827-3775
FOR IMMEDIATE RELEASE
June 9, 2005
JAMES H. DORTON JOINS NN, INC. AS VICE PRESIDENT OF CORPORATE DEVELOPMENT AND
CHIEF FINANCIAL OFFICER
Johnson City, Tenn -June 9, 2005- NN, Inc. (Nasdaq: NNBR) today announced that
James H. Dorton, 48, has been named to the position of Vice President of
Corporate Development and Chief Financial Officer. Roderick R. Baty, Chairman
and Chief Executive Officer, commented, "We are very pleased to have Jim join
NN's senior management team. His extensive public company background includes
experience in finance, treasury, M&A, strategic development and operations.
Mr. Baty continued, "Jim brings to us over 24 years of proven success in various
roles in M&A and strategic development. We look forward to him providing a
leadership role in further defining, developing and executing our strategic
plan."
Prior to joining NN, Mr. Dorton's most recent position was with Specialty Food
Group, Inc, as Executive Vice President and Chief Financial Officer. While there
Mr. Dorton was responsible for all financial aspects of this publicly traded
company. Prior to that position, Mr. Dorton served as Vice President-Corporate
Development & Strategy at Bowater Incorporated and was responsible for all
mergers and acquisitions, strategic planning and investor relations. Mr. Dorton
is a certified public accountant, holds an MBA in Finance and Accounting from
Vanderbilt University and a BSBA in Public Administration from the University of
Tennessee.
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 $304 million in 2004.