-----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, BMGjcw3aldLlwNQH3pynP3RrLaUtPnbnPFfhmyUMItlccCXUb4dSKy6RRpgC/qC6 4k1hRre4kjaEIXa5bNXMlA== 0000950130-98-004313.txt : 19980901 0000950130-98-004313.hdr.sgml : 19980901 ACCESSION NUMBER: 0000950130-98-004313 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980831 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19980831 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: BREED TECHNOLOGIES INC CENTRAL INDEX KEY: 0000891531 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] IRS NUMBER: 222767118 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-11474 FILM NUMBER: 98701850 BUSINESS ADDRESS: STREET 1: 5300 OLD TAMPA HWY CITY: LAKELAND STATE: FL ZIP: 33811 BUSINESS PHONE: 9416686000 MAIL ADDRESS: STREET 1: PO BOX 33050 CITY: LAKELAND STATE: FL ZIP: 33811 8-K 1 FORM 8-K 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): August 31, 1998 BREED Technologies, Inc. ------------------------------------------------------ (Exact name of registrant as specified in its charter) Delaware 1-11474 22-2767118 - ------------------------- ------------------------ ------------------- (State of incorporation) (Commission File Number) (IRS Employer Identification No.) 5300 Old Tampa Highway Lakeland, Florida 33811 - ---------------------------------------- ---------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (941) 668-6000 ------------------------------------------------------------- (Former name or former address, if changed since last report) - ----------------------------------------------------------------------------- ITEM 5. OTHER EVENTS BREED Technologies, Inc. (NYSE:BDT) (the "Company"), a global leader in automotive occupant safety systems, on August 31, 1998 announced that the Company is delaying the release of its earnings for the fourth quarter and year end of fiscal year 1998. In the second quarter of fiscal year 1998, the Company recorded repositioning and other special charges aggregating $349.9 million. The SEC is disagreeing with certain aspects of the second quarter charges. The Company currently intends to release its earnings as soon as practicable, following the resolution of these issues. Headquartered in Lakeland, Florida, the Company is the world's third largest supplier of complete automotive occupant restraint systems. The Company supports its growing list of automotive customers with advanced engineering, testing and manufacturing facilities located in 13 countries around the globe. Information about the Company and its products is available on the Internet at http://www.breedtech.com. A complete copy of the press release is attached hereto as Exhibit 99.1. ITEM 7. FINANCLAL STATEMENTS AND EXHIBITS (c) Exhibits 99.1 Text of Press Release of BREED Technologies, Inc. dated August 31, 1998. 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. Date: August 31, 1998 BREED TECHNOLOGIES, INC. By: /s/ Frank J. Gnisci ----------------------- Frank J. Gnisci Executive Vice President and Chief Financial Officer 3 INDEX TO EXHIBITS EXHIBIT NUMBER AND DESCRIPTION - ------------------------------ 99.1 Text of Press Release for BREED Technologies, Inc. dated August 31, 1998 EX-99.1 2 PRESS RELEASE EXHIBIT 99.1 (BREED-TECHNOLOGIES) (BDT) BREED Announces Delay in Earnings Release LAKELAND, FL. (August 31, 1998) - BREED Technologies, Inc. (NYSE:BDT), a global leader in automotive occupant safety systems, is announcing today that the company is delaying the release of its earninqs for the fourth quarter and year end of fiscal year 1998. In the second quarter of fiscal year 1998, the company recorded repositioning and other special charges aggregating $349.9 million. The SEC is disagreeing with certain aspects of the second quarter charges. The company currently intends to release its earnings as soon as practicable, following the resolution of these issues. Headquartered in Lakeland, Fla, BREED is the world's third largest supplier of complete automotive occupant restraint systems. The company supports its growing list of automotive customers with advanced engineering, testing and manufacturing facilities located in 13 countries around the globe. Information about BREED and its products is available on the Internet at http://www.breedtech.com. Media Relations Investor Relations Gina McLean Timothy G. Weir 941/668-6684 941/668-6464 -----END PRIVACY-ENHANCED MESSAGE-----