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): July 8, 2010
LUFKIN INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
| TEXAS | 000-02612 | 75-0404410 |
| (State or other jurisdiction | (Commission | (I.R.S. Employer |
| Of incorporation) | File Number) | Identification No.) |
| | | |
| 601 SOUTH RAGUET, LUFKIN, TEXAS | | 75904 |
| (Address of Principal Executive Offices) | | (Zip Code) |
Registrant’s telephone number, including area code: (936) 634-2211
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 13e4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
On July 8, 2010, Lufkin Industries, Inc. issued a press release announcing its intention to construct a manufacturing facility near Ploiesti, Romania, just north of the capital, Bucharest. This facility is being designed with the objective of manufacturing products for both the Company’s Oilfield and Power Transmission Divisions with an initial focus on oilfield products. This facility is being built on an 82 acre site with an estimated cost of US$126 million. The facility will initially employ just over 300 employees when completed in 2012. The Government of Romania, through the Ministry of Public Finance, has agreed to provide Lufkin with economic developmen t incentives and financial assistance of 28 million Euros towards the construction costs, or approximately 30% of the plant cost. A copy of the press release is filed as Exhibit 99.1 hereto and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
Exhibit 99.1 Press Release, dated July 8, 2010, issued by Lufkin Industries, Inc.
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.
| | LUFKIN INDUSTRIES, INC |
| | | |
| | By | /s/ Christopher L. Boone |
| | | Christopher L. Boone |
| | | Vice President/Treasurer/Chief Financial Officer |
| | | (Principal Financial and Accounting Officer) |
Date: July 12, 2010
EXHIBIT INDEX
Exhibit No. Description
99.1 Press Release, dated July 8, 2010, issued by Lufkin Industries, Inc.
