Current
Report
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): November
1, 2005
Raytech
Corporation
(Exact
name of registrant as specified in its charter)
|
Delaware
|
1-9298
|
06-1182033
|
|
(State
or other jurisdiction
|
(Commission
|
(IRS
Employer
|
|
of
incorporation)
|
File
Number)
|
Identification
No.)
|
|
711
Tech Drive, Crawfordsville IN
|
47933
|
|
(Address
of principal executive offices)
|
(Zip
Code)
|
765-359-2818
Registrant's
telephone number, including area code
____________________________________________________
(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):
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting
material pursuant to Rule 14a-12 under
the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement
communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement
communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item
2.05 Costs Associated with Exit or Disposal
Activities
On
November 1, 2005, Raytech Corporation announced
the
planned relocation of a subsidiary’s conventional
automotive assembly operations from Crawfordsville, Indiana to a more cost
competitive location.
The
subsidiary, Raybestos Products Company, is in the process of estimating the
costs of this strategic initiative, as well as the costs associated with
its
previously announced plans to transition its steel stamping business to outside
suppliers and move the related heavy-duty paper assembly plant to a location
near the outside suppliers. These costs will be impacted by the results of
future negotiations with the union representatives.
Although
the Company anticipates that material charges will be incurred under generally
accepted accounting principles, due to the uncertainty of labor negotiations
and
the details and timing of the relocation, the Company is at this time unable
in
good faith to make a determination of the estimates required by paragraphs
(b),
(c) and (d) of Item 2.05 of Form 8-K. The Company will file an amended Report
on
Form 8-K within four business days after it makes a determination of such
estimates or range of estimates.
Item
8.01 Other Events
On
November 1, 2005, Raytech Corporation announced
the
planned relocation of a subsidiary’s
conventional automotive assembly operations from Crawfordsville, Indiana
to a
more cost competitive location. The
text
of the press release is attached as the exhibit to this report.
Item
9.01 Financial Statements and Exhibits.
(c)
Exhibits
Exhibit
99. Press Release of Raytech Corporation dated November 1,
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.
Raytech
Corporation
(Registrant)
Date
November 9, 2005
(Signature)*
/s/
Richard P.
McCook
Richard
P. McCook, Executive Vice President and Chief Financial Officer
*Print
name and title of the signing officer under his signature.