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): December 11, 2013
COMMSCOPE HOLDING COMPANY, INC.
(Exact name of registrant as specified in its charter)
| Delaware | 001-36146 | 27-4332098 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
1100 CommScope Place, SE
Hickory, North Carolina 28602
(Address of principal executive offices)
Registrant’s telephone number, including area code: (828) 324-2200
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:
| ¨ | 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 7.01. | Regulation FD Disclosure. |
On December 11, 2013, CommScope Holding Company, Inc. issued a press release announcing the sale of certain assets of its CommScope BiMetals business to Copperweld Bimetallics LLC. A copy of the press release is attached hereto as Exhibit 99.1 and is being furnished, not filed, pursuant to Item 7.01 of this Current Report on Form 8-K.
| Item 9.01. | Financial Statements and Exhibits. |
| (d) | Exhibits |
| Exhibit |
Description | |
| 99.1 | CommScope Holding Company, Inc. Press Release dated December 11, 2013. | |
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: December 11, 2013
| COMMSCOPE HOLDING COMPANY, INC. | ||
| By: | /s/ Frank B. Wyatt, II | |
| Frank B. Wyatt, II | ||
| Senior Vice President, General Counsel and Secretary | ||
INDEX OF EXHIBITS
| Exhibit Number |
Description | |
| 99.1 | CommScope Holding Company, Inc. Press Release dated December 11, 2013. | |
Exhibit 99.1
CommScope Agrees to Sell Certain BiMetals Assets
to Copperweld Bimetallics; Statesville, NC Site Will Close
HICKORY, NC, December 11, 2013—CommScope Holding Company, Inc., a global leader in infrastructure solutions for communications networks, has agreed to sell certain assets of its CommScope BiMetals® business to Copperweld Bimetallics, LLC, a subsidiary of Fushi Copperweld with facilities in the United States, Asia and Europe. The economic terms of the deal were not disclosed.
The transaction involves the sale of equipment associated with the manufacture of all copper-clad aluminum and copper-clad steel products. CommScope will retain the processing equipment needed for the production of its GroundSmart® grounding solutions. CommScope will continue to manufacture and sell GroundSmart for use in grounding utility and communications networks.
In addition, CommScope will close its Statesville, NC site as a result of excess manufacturing capacity created by these changes to its BiMetals business. CommScope plans to redeploy the manufacturing of its GroundSmart, E2O® (Electrical-to-Optical) line of hybrid fiber, conduit and coaxial products, ConQuest® Toneable Conduit and ConQuest® Cable-in-Conduit (CIC) products to nearby North Carolina facilities. CommScope expects some of the Statesville employees will be able to continue employment at either its Catawba or Claremont facilities. The transition of operations is expected to begin almost immediately and should take between six to 12 months to complete.
The parties have also entered into a supply agreement pursuant to which Copperweld will supply CommScope with bimetallic wire as needed for the manufacture of cables and other products.
—END—
CommScope BiMetals, ConQuest, GroundSmart, and E2O are registered trademarks of CommScope, Inc.
About CommScope
CommScope (NASDAQ: COMM, www.commscope.com) has played a role in virtually all the world’s best communication networks. We create the infrastructure that connects people and technologies through every evolution. Our portfolio of end-to-end solutions includes critical infrastructure our customers need to build high-performing wired and wireless networks. As much as technology changes, our goal remains the same: to help our customers create, innovate, design, and build faster and better. We’ll never stop connecting and evolving networks for the business of life at home, at work, and on the go.
News Media Contact:
Joseph P. Depa III, CommScope
+1 828-431-9803 or publicrelations@commscope.com
Financial Contact:
Phil Armstrong, CommScope
+1 828-323-4848
This press release includes forward-looking statements that are based on information currently available to management, management’s beliefs, as well as on a number of assumptions concerning future events. Forward-looking statements are not a guarantee of performance and are subject to a number of uncertainties and other factors, which could cause the actual results to differ materially from those currently expected. In providing forward-looking statements, the company does not intend, and is not undertaking any obligation or duty, to update these statements as a result of new information, future events or otherwise.
Source: CommScope