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): April 27, 2009
Alliant Techsystems Inc.
(Exact name of registrant as specified in its charter)
Delaware |
| 1-10582 |
| 41-1672694 |
(State or other jurisdiction |
| (Commission |
| (I.R.S. Employer Identification |
of incorporation) |
| File Number) |
| No.) |
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7480 Flying Cloud Drive |
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Minneapolis, Minnesota |
| 55344-3720 | ||
(Address of principal executive offices) |
| (Zip Code) |
Registrant’s telephone number, including area code: (952) 351-3000
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:
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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)) |
Item 2.02 Results of Operations and Financial Condition
On April 27, 2009, Alliant Techsystems Inc. (the “Company”) issued a press release announcing that it will record a fiscal 2009 fourth quarter non-cash, non-deductible charge in a range of $105 million to $115 million ($3.08 — $3.38 per share) for impairment of goodwill recorded in connection with certain acquisitions made by the Company from 2003 to 2007. The estimated impairment charge primarily results from the effects of adverse equity market conditions on parameters used by the Company in its required annual testing of goodwill. The Company is in the process of finalizing the actual amount of the impairment charge, which will be completed prior to reporting fourth quarter and full-year 2009 financial results, which is expected to occur on May 7, 2009.
The Company also announced that earnings per share from continuing operations, prior to the charge, are now expected to exceed the Company’s previous guidance of $7.40 - $7.50.
Earnings per share from continuing operations before the impairment charge, as used in the press release and this disclosure in Item 2.02 is a non-GAAP financial measure. The Company has provided this information for consistency and comparability of the 2009 results with the Company’s prior guidance and results of operations for prior periods.
Statements in this disclosure on Item 2.02 are forward-looking statements and subject to risks and uncertainties described in the press release.
The press release is furnished as Exhibit 99.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits.
Exhibit |
| Description |
99.1 |
| Press release dated April 27, 2009. |
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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.
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| ALLIANT TECHSYSTEMS INC. | |
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| By: | /s/ John L. Shroyer | |
| Name: | John L. Shroyer | |
| Title: | Senior Vice President and Chief Financial Officer | |
Date: April 27, 2009
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