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): October 5, 2005
TOWER AUTOMOTIVE, INC.
(Exact name of Registrant as specified in its charter)
DELAWARE
(State or Other Jurisdiction of Incorporation)
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| 1-12733
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41-1746238 |
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(IRS Employer Identification No.) |
27175 HAGGERTY ROAD, NOVI, MICHIGAN 48377
(Address of Principal Executive Offices) (Zip Code)
(248) 675-6000
(Registrant’s Telephone Number, Including Area Code)
NOT APPLICABLE
(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:
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))
TABLE OF CONTENTS
Section 2 — Financial Information
Item 2.05 Costs Associated with Exit or Disposal Activities.
As part of its ongoing rationalization and consolidation of its North American operations to
reduce excess capacity, reduce costs and improve overall efficiency, Tower Automotive, Inc. (the
“Company”) committed to the following action on October 5, 2005. The Company notified employees at its Milwaukee, WI facility that production of
the Ford Ranger Truck frame would be moved to its Bellevue, OH facility. Production in Milwaukee
will end in March 2006.
Total estimated costs associated with this action amounts to approximately $6 million, which is
comprised of employee termination benefits of $4 million, asset impairment charges of $1 million
and other costs of $1 million. Future cash expenditures for these actions are estimated at $5
million. These amounts do not include approximately $8 million of cash expenditures to move and
install equipment in Bellevue.
As part of this ongoing process, the Company may undertake additional actions in the future to
rationalize and consolidate its operations.
Section 9 — Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
d. Exhibits.
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Press Release dated October 5, 2005. |