spectrum_8k.htm

 

 
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):
April 15, 2009 (April 14, 2009)
 
SPECTRUM BRANDS, INC.
(Exact name of registrant as specified in its charter)
 
Wisconsin
  
001-13615
  
22-2423556
(State or Other Jurisdiction of Incorporation)
  
(Commission File Number)
  
(IRS Employer Identification Number)
         
Six Concourse Parkway, Suite 3300
 Atlanta, Georgia
30328
(Address of Principal Executive Offices)
(Zip Code)
         
(770) 829-6200
(Registrant’s telephone number, including area code)
         
N/A
(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 7.01.       Regulation FD Disclosure.

On February 3, 2009, Spectrum Brands, Inc. (the "Company") announced that it and its United States subsidiaries (together with the Company, collectively, the "Debtors") had filed voluntary petitions in the United States Bankruptcy Court for the Western District of Texas (the "Bankruptcy Court") seeking reorganization relief under the provisions of Chapter 11 of Title 11 of the United States Code.  The Chapter 11 cases are being jointly administered by the court as Case No. 09-50456 (the "Bankruptcy Cases").

In connection with the Bankruptcy Cases, the Debtors, as previously announced, filed an amended plan of reorganization and related disclosure statement with the Bankruptcy Court, which disclosure statement included certain financial projections for the Company.  These projections were also furnished to the Securities and Exchange Commission on a Current Report on Form 8-K filed on April 10, 2009.  In connection with a hearing held with the Bankruptcy Court on April 14, 2009, these financial projections were further updated.  The Company's projections for consolidated adjusted EBITDA, a non-GAAP measurement which management feels is a useful indicator of operational profitability, however, have not been changed.  The further updated financial projections are attached hereto as Exhibit 99.1.

Item 9.01.       Financial Statements and Exhibits.

           (d) Exhibits

Exhibit
  
Number
Description
   
99.1
Financial Projections

 
 
 

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:  April 15, 2009
SPECTRUM BRANDS, INC.
     
     
 
By:
 /s/ Anthony L. Genito   
   
Name:  Anthony L. Genito
   
Title:     Executive Vice President,
            Chief Financial Officer and
            Chief Accounting Officer






 

 

 
 
 

EXHIBIT INDEX
 
Exhibit
Description
   
99.1
Financial Projections