UNITED
STATES
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): February 28, 2006
NN,
INC.
(Exact
name of registrant as specified in its charter)
| Delaware |
0-23486 |
62-1096725 |
|
(State
or other jurisdiction
of incorporation
|
(Commission File
Number)
|
(IRS
Employer
Identification
No.)
|
|
2000
Waters Edge Drive
Johnson
City, Tennessee
|
37604 |
| (Address
of principal executive offices) |
(Zip
Code) |
Registrant's
telephone number, including area code:
(423)743-9151
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
CFR 230.425)
[
]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[
]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act
(17 CFR 240.14d-2(b))
[
]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act
(17 CFR 240.13e-4(c))
Item
8.01 Other Events
On
February 28, 2006, NN, Inc. (the “Company”) announced in its previously
filed press release that its board of directors had authorized a new stock
repurchase plan. Under this plan the Company is authorized to repurchase
from
time to time during the next 18 months in open market or private
transactions, in accordance with applicable laws and regulations, up to
$10
million in common stock of the Company. The amount of stock subject
to the repurchase plan represents approximately 5% of the Company's outstanding
stock based on the current market price.
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.
| |
|
|
| |
NN,
INC. |
|
|
|
| Date: March
6, 2006 |
By: |
/s/ William
C. Kelly, Jr. |
| |
|
| |
Title: Vice
President and
Chief Administrative
Officer
|