-----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, KxcCBvZIjWysC9IuLG5i0eC6jEBU5Ymm9Y6MMk3yEZGLRJnT5oNPtWMx0cv7NnS0 QZN20e0B7ldw8tDy7yj2Ew== 0000897069-07-001609.txt : 20070808 0000897069-07-001609.hdr.sgml : 20070808 20070808171401 ACCESSION NUMBER: 0000897069-07-001609 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20070802 ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070808 DATE AS OF CHANGE: 20070808 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BUCYRUS INTERNATIONAL INC CENTRAL INDEX KEY: 0000740761 STANDARD INDUSTRIAL CLASSIFICATION: MINING MACHINERY & EQUIP (NO OIL & GAS FIELD MACH & EQUIP) [3532] IRS NUMBER: 390188050 STATE OF INCORPORATION: DE FISCAL YEAR END: 1205 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-00871 FILM NUMBER: 071036738 BUSINESS ADDRESS: STREET 1: P O BOX 500 STREET 2: 1100 MILWAUKEE AVENUE CITY: SOUTH MILWAUKEE STATE: WI ZIP: 53172-0500 BUSINESS PHONE: 4147684000 MAIL ADDRESS: STREET 1: P O BOX 500 STREET 2: 1100 MILWAUKEE AVENUE CITY: SOUTH MILWAUKEE STATE: WI ZIP: 53172-0500 FORMER COMPANY: FORMER CONFORMED NAME: BUCYRUS ERIE CO /DE DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: BECOR WESTERN INC/DE DATE OF NAME CHANGE: 19860901 8-K 1 tse102.htm BUCYRUS INTERNATIONAL, INC.

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): August 2, 2007

                          Bucyrus International, Inc.                          
(Exact name of registrant as specified in its charter)

     Delaware           000-50858           39-0188050     
(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation)    

     P.O. Box 500, 1100 Milwaukee Avenue, South Milwaukee, Wisconsin 53172     
(Address of principal executive offices, including ZIP code)

                                (414) 768-4000                                
(Registrant's telephone number, including area code)

_______________________

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:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 C.F.R.ss.230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 C.F.R.ss.240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 C.F.R.ss.240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 C.F.R.ss.240.13e-4(c))


Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

        (c)      On August 2, 2007, the Board of Directors of Bucyrus International, Inc. (the "Company") approved a senior management integration plan for the Company and DBT. Pursuant to the senior management integration plan, the Company appointed William S. Tate as Executive Vice President, Global Markets and Strategic Support of the Company effective August 1, 2007. Also pursuant to the integration plan, the Company appointed Luis de Leon as Chief Operating Officer of the Company's DBT Operations effective August 1, 2007.

                   Mr. Tate, who is 57, most recently served as President and Chief Executive Officer of DBT, a leading manufacturer of underground mining equipment, a position he held from January 2004 to August 2007. Prior to that, Mr. Tate served as President and Chief Executive Officer of DBT America Inc. from February 1999 to December 2003. Mr. Tate currently serves as a member of the Management Board of DBT GmbH, a position he assumed in July 2000. In addition, Mr. Tate currently serves as a Director of the National Mining Association in Washington, D.C. and Chairman of its Manufacturing and Services Division. Mr. Tate is also a member of the Society for Mining, Metallurgy and Exploration, Inc. and senior member of the Institute of Industrial Engineers.

                   Mr. de Leon, who is 41, most recently served as Chief Financial Officer of the DBT Group from October 2003 to August 2007. Prior to that, Mr. de Leon served as Chief Operating Officer and Chief Financial Officer of DBT America Inc. from July 1998 to September 2003. Mr. de Leon currently serves as a member of the Management Board of DBT GmbH, a position he assumed in October 2003.

                   Upon their appointment, Mr. Tate and Mr. de Leon became eligible to participate in certain executive compensation plans and arrangements offered by the Company to its executive officers, which the Company has filed from time to time with the Securities and Exchange Commission ("SEC") as exhibits to the Company's periodic filings. On August 7, 2007, in connection with their appointments, the Company awarded both Mr. Tate and Mr. de Leon 2,000 shares of restricted stock at a price of $68.37 and 8,800 stock appreciation rights based on a per share price of $68.37. The restricted stock and stock appreciation rights awards were each made under the Bucyrus International, Inc. Omnibus Incentive Plan 2007 using award agreements filed with the SEC.

Item 9.01. Financial Statements and Exhibits.

  (a) Not applicable.

  (b) Not applicable.

  (c) Not applicable.

  (d) Exhibits. The following exhibits are being filed herewith:

  (99.1) Press release of Bucyrus International, Inc. dated August 2, 2007.

-2-


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.

  BUCYRUS INTERNATIONAL, INC.



Dated: August 8, 2007
By: /s/  Craig R. Mackus                             
         Name: Craig R. Mackus
         Title: Chief Financial Officer and Secretary

-3-


BUCYRUS INTERNATIONAL, INC.
FORM 8-K
EXHIBIT INDEX

Exhibit
Number           Description

   (99.1)            Press release of Bucyrus International, Inc. dated August 2, 2007.

-4-



EX-99.1 2 tse102a.htm PRESS RELEASE

NEWS RELEASE
FOR IMMEDIATE RELEASE
For further information, contact
Kent Henschen, Director,
Corporate Communications
Tel: 414-768-4626   Fax: 414-768-4474
khenschen@bucyrus.com
www.bucyrus.com

Bucyrus Announces Senior Management Integration

South Milwaukee, WI, USA, August 2, 2007 – Bucyrus International, Inc. (NASDAQ: BUCY) announced today that its Board of Directors has reviewed and approved a senior management integration plan for Bucyrus (surface mining equipment) and its recent acquisition DBT (underground mining equipment).

The senior management team with overall corporate responsibility will continue to be lead by Timothy W. Sullivan, President and CEO. Mr. Sullivan’s career with Bucyrus has spanned 30 years. He also serves as a member of the Board of Directors. Mr. Sullivan has been instrumental in leading Bucyrus through its recent significant growth including the acquisition of DBT.

Reporting to Mr. Sullivan and overseeing activities in their respective disciplines are: Mr. William S. Tate – Executive Vice President, Global Markets and Strategic Support, Mr. Craig R. Mackus – Chief Financial Officer, Ms. Barbara H. Stephens – Senior Vice President, Human Resources and Mr. Scott S. Cramer – Senior Vice President, General Counsel. In addition, reporting to Mr. Sullivan with overall responsibility for the operation of the manufacturing units are Mr. Kenneth W. Krueger – Chief Operating Officer, Bucyrus and Mr. Luis de Leon – Chief Operating Officer, DBT.

At the time of the acquisition DBT’s management system included a Management Board. That Board is to remain in place and will include Mr. Sullivan. Also new to the Board will be Dr. Ulrich Noll, VP of Operations Longwall. Remaining on the Board is Mr. Luis de Leon, COO DBT, and Mr. Hermann Oecking, CHRO DBT.


In discussing the integration process Mr. Sullivan stated, “The integration of Bucyrus and DBT will take place over a period of time, with complete integration taking possibly two to three years. Certain strategic areas of the world such as China and India are already making significant progress in becoming fully integrated.” He also noted that integration may not make sense in all areas, but opportunities would be reviewed at all levels.

About Bucyrus International Inc.

Bucyrus International, Inc. is a world leader in the design and manufacture of high productivity mining equipment for the surface (BUCYRUS) and underground (DBT) mining industries. BUCYRUS equipment is used for mining coal, copper, iron ore, oil sands and other minerals and DBT equipment is used primarily for mining coal. In addition to machine manufacturing, Bucyrus and DBT manufacture high quality OE parts and provide world-class support services for their machines. Bucyrus International, Inc.‘s headquarters is located in South Milwaukee, Wisconsin, USA.

###

Special Note Regarding Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by the use of predictive, future tense or forward looking terminology, such as “believes,” “anticipates,” “expects,” “estimates,” “intends,” “may,” “will” or similar terms. We caution that any such forward-looking statements are not guarantees of our future performance and involve significant risks and uncertainties, and that actual results may differ materially from those contained in the forward-looking statements as a result of various factors, which are more fully described in our 2006 Form 10-K filed with the Securities and Exchange Commission on March 1, 2007, our prospectus supplement filed with the Securities and Exchange Commission on May 7, 2007 and our Form 10-Q filed on May 10, 2007.


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