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 28, 2004
BMC Industries, Inc. |
(Exact name of registrant as specified in its charter) |
Minnesota |
| 1-8467 |
| 41-0169210 |
(State of Incorporation) |
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| (I.R.S. Employer Identification No.) |
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7000 Sunwood Drive |
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Ramsey, Minnesota |
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| 55303 |
(Address of principal executive offices) |
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| (763) 506-9000 | ||
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Not applicable |
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(Former name or former address, if changed since last report) |
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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):
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[ ] | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[ ] | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[ ] | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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[ ] | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
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Item 8.01 |
| Other Events |
On October 28, 2004, the Registrant reported that it has completed the sale of the manufacturing facility and other selected assets of its Cortland, N.Y.-based Buckbee-Mears group to International Electron Devices (USA), LLC, a New York limited liability company. Prior to the closing of its operations in mid-2004, the Buckbee-Mears group produced aperture masks, a key component in color picture tubes, and other photochemically etched metal products used in a variety of applications. The sale was approved by the Bankruptcy Court in September 2004. The net proceeds from the sale of the Buckbee-Mears assets will be used to repay any outstanding debtor-in-possession financing and a portion of the outstanding indebtedness under its senior secured credit facility.
BMC had previously announced on June 23, 2004, that the company and its domestic subsidiaries had filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the District of Minnesota. For more information on documents filed in connection with these bankruptcy proceedings, please go to www.mnb.uscourts.gov.
A press release announcing the sale was issued on July 28, 2004, a copy of which is being filed as Exhibit 99.1 to this Form 8-K and which is incorporated herein by reference in its entirety.
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Item 9.01. |
| Financial Statements and Exhibits. | |||
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(c) |
| The following exhibits are filed as part of this report: | |||
Exhibit No.
99.1 |
| Press Release issued by BMC Industries, Inc., dated October 28, 2004 |
SIGNATURE
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 thereunto duly authorized.
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| BMC INDUSTRIES, INC. |
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Dated: November 4, 2004 |
| By: | /s/Bradley D. Carlson |
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| Bradley D. Carlson |
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| Its: | Treasurer |
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EXHIBIT INDEX
Exhibit |
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99.1 |
| Press Release issued by BMC Industries, Inc., dated October 28, 2004 |
| Electronic Transmission |