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) January 28, 1998
BALL CORPORATION
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(Exact name of registrant as specified in its charter)
Indiana
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(State or other jurisdiction of incorporation)
1-7349 35-0160610
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(Commission File Number) (IRS Employer Identification No.)
345 South High Street, Muncie, Indiana 47305-2326
(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code: (765) 747-6100
Ball Corporation
Current Report on Form 8-K
Dated February 12, 1998
Item 5. Other Events.
Ball Corporation (the "Company") announced on February 4, 1998, that it will
move its corporate headquarters from Muncie to the Denver/Boulder area in
Colorado. It is anticipated that the move will be complete near the end of 1998.
The decision to relocate the corporate headquarters came only after significant
changes in Ball's businesses and strategic direction in recent years.
Ball moved from Buffalo, New York, in 1887.
Ball has approximately 180 employees at its corporate offices in Muncie. Ball
has had operations in Colorado since 1956. Its packaging operations generate 85
percent of the Company's sales and are headquartered in Colorado.
The Company estimates that relocation and other costs should be approximately
$20 million, pre-tax. The Company expects to realize annual savings in excess of
$4.0 million, pre-tax.
The Company announced on January 28, 1998, that the Board of Directors elected
R. David Hoover as Vice Chairman and George A. Matsik as President of Ball
Corporation. Mr. Hoover will continue as Chief Financial Officer of the Company.
Mr. Matsik will continue as Chief Operating Officer, Packaging.
Item 7. Financial Statements and Exhibits
The following are filed as an Exhibits to this report.
Exhibit Number 99
Description
Ball to Relocate Corporate Headquarters from Indiana to Colorado
Ball Promotes Two Executives
Ball Corporation
Current Report on Form 8-K
Dated February 12, 1998
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.
BALL CORPORATION
(Registrant)
Date: February 12, 1998 By: /s/ A. R. Schlesinger
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A. R. Schlesinger
Vice President and Controller
Ball Corporation
Current Report on Form 8-K
Dated February 12, 1998
EXHIBIT INDEX
Exhibit Description
EX-99 Text of a press release disseminated by the registrant on February
4, 1998.
EX-99 Management Information Bulletin disseminated by the
registrant on January 28, 1998.