-----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, Il5RsSt9+mRWff6N11Wr4eFKIvYS01chOH5IWymPF8gC8ThRI2XsFfNDRafjsAZA /tYtlST3sXMTqRV4gEHTxA== 0000068366-99-000027.txt : 19990629 0000068366-99-000027.hdr.sgml : 19990629 ACCESSION NUMBER: 0000068366-99-000027 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19990628 ITEM INFORMATION: FILED AS OF DATE: 19990628 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CORDANT TECHNOLOGIES INC CENTRAL INDEX KEY: 0000068366 STANDARD INDUSTRIAL CLASSIFICATION: GUIDED MISSILES & SPACE VEHICLES & PARTS [3760] IRS NUMBER: 362678716 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-06179 FILM NUMBER: 99653807 BUSINESS ADDRESS: STREET 1: 15 W. SOUTH TEMPLE STREET 2: SUITE 1600 CITY: SALT LAKE CITY STATE: UT ZIP: 84101 BUSINESS PHONE: 8019334000 MAIL ADDRESS: STREET 1: 15 W SOUTH TEMPLE STREET 2: SUITE 1600 CITY: SALT LAKE CITY STATE: UT ZIP: 84101 FORMER COMPANY: FORMER CONFORMED NAME: THIOKOL CORP /DE/ DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: MORTON THIOKOL INC DATE OF NAME CHANGE: 19890705 FORMER COMPANY: FORMER CONFORMED NAME: MORTON NORWICH PRODUCTS INC/DE DATE OF NAME CHANGE: 19821004 8-K 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________ FORM 8-K PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): June 25, 1999 - --------------------------------------------------------------------------- Cordant Technologies Inc. (Exact name of registrant as specified in its charter) - --------------------------------------------------------------------------- Delaware (State or other jurisdiction of incorporation) 1-6179 36-2678716 ______________________ __________________________ Commission File Number (IRS Employer Identification No.) 15 W. South Temple, Suite 1600, Salt Lake City, UT 84101-1532 - --------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) (801) 933-4000 ______________________ Registrant's Telephone Number ITEM 5 OTHER EVENTS The following news release was issued on June 25, 1999. Huck Fasteners to Merge Lakewood and Carson, California Plants Tucson, Arizona, June 25, 1999 -- Huck Fasteners, a subsidiary of Cordant Technologies Inc., announced today that it plans to close its Lakewood, California, manufacturing plant and move its operations to the company's nearby Carson, California, plant. The move is expected to save the company approximately $6 million in pre-tax expenses annually. Huck cited the current downturn in the commercial aerospace sector in its decision. "After evaluating our options, we have determined that there is only one solution that allows us to manage the downturn while strengthening our business for our remaining employees, customers and shareholders," said Bruce M. Zorich, President, Huck International. "Effective September 1, we will close our Lakewood plant and merge it with our Carson, California, facility." The consolidation will result in the elimination of approximately 115 jobs. The Lakewood facility currently produces aerospace fasteners. Zorich said there will be no disruption in production, delivery or quality for customers. The consolidated plant will be able to support customers at the peak production rates experienced during 1998. The $5 million pre-tax charge to close the plant will be recorded by Cordant Technologies Inc. in the second quarter of 1999. Offsetting this charge will be approximately $1.5 million in pre-tax savings during the fourth quarter of 1999. The effect to Cordant's 1999 earnings will be a reduction of approximately $.06 per share. (more) Huck Fasteners to Merge Lakewood and Carson, California Plants Pg.2 With 17,000 employees worldwide, Cordant Technologies (CDD-NYSE) is a strategically balanced global business with consolidated annual sales of approximately $2.5 billion. Cordant Technologies' Huck International subsidiary delivers high performance industrial and aerospace fasteners systems; its Howmet International subsidiary is a global manufacturer of aircraft and industrial gas turbine engine components; and its Thiokol Propulsion division is the leading producer of solid propulsion systems for space and defense. This release includes forward-looking statements that are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected in them. These risks and uncertainties include, but are not limited to, unanticipated slowdowns in the Company's major markets, the impact of competition, the effectiveness of operational changes expected to increase efficiency and productivity, worldwide economic and political conditions and the effect of foreign currency fluctuations. #### 99.040 Contact: Lauren Sides Shannon Polk Public Relations Investor Relations (801) 933-4193 (801) 933-4029 sideslb@cordanttech.com polksb@cordanttech.com SIGNATURE Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CORDANT TECHNOLOGIES INC. (Registrant) By: /s/ Richard L. Corbin _________________________ Richard L. Corbin Executive Vice President and Chief Financial Officer Date: June 25, 1999 -----END PRIVACY-ENHANCED MESSAGE-----