-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, LscuB3PSMZ1PcMzNm0Dxn6fQkTOufx/NRCLWJS7B0MvHa2JM+qszkvl80lSzMMpT 7x6mPQX6EpM8nXdMcyF0zQ== 0000950152-03-005223.txt : 20030509 0000950152-03-005223.hdr.sgml : 20030509 20030509144848 ACCESSION NUMBER: 0000950152-03-005223 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20030507 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030509 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RPM INTERNATIONAL INC/DE/ CENTRAL INDEX KEY: 0000110621 STANDARD INDUSTRIAL CLASSIFICATION: PAINTS, VARNISHES, LACQUERS, ENAMELS & ALLIED PRODUCTS [2851] IRS NUMBER: 020642224 STATE OF INCORPORATION: DE FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14187 FILM NUMBER: 03690115 BUSINESS ADDRESS: STREET 1: 2628 PEARL RD STREET 2: P O BOX 777 CITY: MEDINA STATE: OH ZIP: 44258 BUSINESS PHONE: 3302735090 MAIL ADDRESS: STREET 1: 2628 PEARL RD STREET 2: P O BOX 777 CITY: MEDINA STATE: OH ZIP: 44258 FORMER COMPANY: FORMER CONFORMED NAME: RPM INTERNATIONAL INC/OH/ DATE OF NAME CHANGE: 20021015 FORMER COMPANY: FORMER CONFORMED NAME: RPM INC/OH/ DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: REPUBLIC POWDERED METALS INC DATE OF NAME CHANGE: 19711027 8-K 1 l00917ae8vk.txt RPM INTERNATIONAL, INC. 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 7, 2003 ------------- RPM INTERNATIONAL INC. ----------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 1-14187 02-0642224 - ----------------- --------- ------------ (State or other (Commission (I.R.S. Employer jurisdiction of File Number) Identification No.) incorporation) 2628 Pearl Road, P.O. Box 777, Medina, Ohio 44258 - ------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (330) 273-5090 ---------------- ITEM 5. OTHER EVENTS On May 7, 2003, RPM International Inc. (the "Company") announced it was seeking to raise, subject to certain conditions, approximately $125 million through a private offering of senior convertible notes. The Company also announced that it may raise up to an additional $25 million if the initial purchasers of the notes exercise their right to acquire additional notes in connection with the offering. The press release announcing the private offering is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. On May 8, 2003, the Company announced that it had priced the private offering of $248 million in aggregate principal amount at maturity of 2.75 percent senior convertible notes due 2033, resulting in $125 million gross proceeds to RPM. Each note will be issued at a price of $505.19 and is convertible into the Company's common stock at a conversion ratio of 27.0517 shares per $1,000 principal amount at maturity of the notes. The press release announcing the pricing of the private offering is filed as Exhibit 99.2 to this Current Report and is incorporated herein by reference. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS. (a) Not applicable (b) Not applicable (c) Exhibits. Number Description ------ ----------- 99.1 News Release, dated May 7, 2003 99.2 New Release, dated May 8, 2003 Page 2 of 8 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. RPM INTERNATIONAL INC. Date: May 9, 2003 By: /s/ P. Kelly Tompkins -------------------------------------- P. Kelly Tompkins Senior Vice President, General Counsel and Secretary Page 3 of 8 EXHIBIT INDEX Exhibit Description of Exhibit - ------- ---------------------- 99.1 News Release, dated May 7, 2003 99.2 New Release, dated May 8, 2003 Page 4 of 8 EX-99.1 3 l00917aexv99w1.txt EX-99.1 NEWS RELEASE DATED MAY 7, 2003 EXHIBIT 99.1 RPM INTERNATIONAL INC. ANNOUNCES PROPOSED PRIVATE OFFERING OF CONVERTIBLE NOTES MEDINA, Ohio-May 7, 2003-RPM International Inc. (NYSE: RPM) announced today that it is seeking to raise, subject to market and other conditions, approximately $125 million through a private offering of senior convertible notes. RPM may raise up to an additional $25 million if the initial purchasers exercise their right to acquire additional notes in connection with the offering. The notes are convertible into shares of the Company's common stock and mature in 2033. The offering will be made only to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933. The Company intends to use the net proceeds of the offering to repay existing indebtedness under its revolving credit facility. The securities to be offered have not been registered under the Securities Act of 1933 or any state securities laws, and unless so registered may not be offered or sold in the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933 and applicable state securities laws. RPM International Inc., a holding company, owns subsidiaries that are world leaders in specialty coatings serving both industrial and consumer markets. Industrial products include roofing systems, sealants, corrosion control coatings, flooring coatings and specialty chemicals. Consumer products are used by professionals and do-it-yourselfers for home, automotive and boat maintenance and by hobbyists. Industrial brands include Stonhard, Tremco, Carboline, Day-Glo, Euco and Dryvit. Consumer brands include Zinsser, Rust-Oleum, DAP, Varathane, Bondo and Testors. For more information, contact: Glenn R. Hasman, vice president finance and communications for RPM at (330) 273-8820. This press release contains "forward-looking statements" relating to the business of the Company. These forward-looking statements, or other statements made by the Company, are made based on management's expectations and beliefs concerning future events impacting the Company and are subject to uncertainties and factors (including those specified below) which are difficult to predict and, in many instances, are beyond the control of the Company. As a result, actual results of the Company could differ materially from those expressed in or implied by any such forward-looking statements. These uncertainties and factors include (a) general economic conditions; (b) the price and supply of raw materials, particularly titanium dioxide, certain resins, aerosols and solvents; (c) continued growth in demand for the Company's products; (d) legal, environmental and litigation risks inherent in the Company's construction and chemicals businesses and risks related to insurance coverage inherent in the Company's disclosed litigation; (e) the effect of changes in interest rates; (f) the effect of fluctuations in currency exchange rates upon the Company's foreign operations; (g) the potential impact of the euro currency conversion; (h) the effect of non- currency risks of investing in and conducting operations in foreign countries, including those relating to domestic and international political, social, economic and regulatory factors; (i) risks and uncertainties associated with the Company's ongoing acquisition and divestiture activities; Page 5 of 8 and other risks detailed in the Company's other reports and statements filed with the Securities and Exchange Commission, including the risk factors set forth in the Company's prospectus and prospectus supplement included as part of the Company's Registration Statement on Form S-3 (File No. 333-77028), as the same may be amended from time to time. Page 6 of 8 EX-99.2 4 l00917aexv99w2.txt EX-99.2 NEWS RELEASED DATED MAY 8, 2003 EXHIBIT 99.2 RPM INTERNATIONAL INC. PRICES PRIVATE OFFERING OF CONVERTIBLE NOTES MEDINA, Ohio-May 8, 2003-RPM International, Inc. (NYSE: RPM) today announced that it has priced a private offering of $248 million in aggregate principal amount at maturity of 2.75 percent Senior Convertible Notes due 2033, resulting in $125 million gross proceeds to RPM. Each note will be issued at a price of $505.19 and is convertible into RPM common stock at a conversion ratio of 27.0517 shares per $1,000 principal amount at maturity of notes. This represents a 50 percent premium based on the closing price of $12.45 for the common stock on May 7, 2003. Interest on the Notes will be payable in cash in arrears semi-annually through May 13, 2008. Thereafter, the principal amount of the debentures will accrete semi-annually at a rate of 2.75 percent per year to maturity. RPM may redeem the notes, in whole or in part, on or after May 13, 2008. The company has also granted the initial purchaser of the notes an option to purchase up to an additional $49.5 million principal amount of notes, which would result in up to an additional $25 million gross proceeds to RPM. The offering has been made only to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933. RPM intends to use the net proceeds of the offering to repay borrowings outstanding under its credit facilities. Neither the convertible notes nor the shares issuable upon conversion have been registered under the Securities Act of 1933 or any state securities laws and, until so registered, may not be offered or sold in the United States or any state absent registration or an applicable exemption from registration requirements. RPM International Inc., a holding company, owns subsidiaries that are world leaders in specialty coatings serving both industrial and consumer markets. Industrial products include roofing systems, sealants, corrosion control coatings, flooring coatings and specialty chemicals. Consumer products are used by professionals and do-it-yourselfers for home, automotive and boat maintenance and by hobbyists. Industrial brands include Stonhard, Tremco, Carboline, Day-Glo, Euco and Dryvit. Consumer brands include Zinsser, Rust-Oleum, DAP, Varathane, Bondo and Testors. For more information, contact: Glenn R. Hasman, vice president finance and communications for RPM at (330) 273-8820. This press release contains "forward-looking statements" relating to the business of the Company. These forward-looking statements, or other statements made by the Company, are made based on management's expectations and beliefs concerning future events impacting the Company and are subject to uncertainties and factors (including those specified below) which are difficult to predict and, in many instances, are beyond the control of the Company. As a result, actual results of the Company could differ materially from those expressed in or implied by any such forward-looking statements. These uncertainties and factors include (a) general economic conditions; (b) the price and supply of raw materials, particularly titanium dioxide, certain resins, aerosols and solvents; Page 7 of 8 (c) continued growth in demand for the Company's products; (d) legal, environmental and litigation risks inherent in the Company's construction and chemicals businesses and risks related to insurance coverage inherent in the Company's disclosed litigation; (e) the effect of changes in interest rates; (f) the effect of fluctuations in currency exchange rates upon the Company's foreign operations; (g) the potential impact of the euro currency conversion; (h) the effect of non- currency risks of investing in and conducting operations in foreign countries, including those relating to domestic and international political, social, economic and regulatory factors; (i) risks and uncertainties associated with the Company's ongoing acquisition and divestiture activities; and other risks detailed in the Company's other reports and statements filed with the Securities and Exchange Commission, including the risk factors set forth in the Company's prospectus and prospectus supplement included as part of the Company's Registration Statement on Form S-3 (File No. 333-77028), as the same may be amended from time to time. 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