UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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 6, 2006
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C&D Technologies, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 1-9389 13-3314599
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(State or other (Commission file number) (IRS employer
jurisdiction of identification
incorporation) no.)
1400 Union Meeting Road,
Blue Bell, Pennsylvania 19422
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (215) 619-2700
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N/A
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(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 2.05 Costs Associated with Exit or Disposal Activities.
On April 6, 2006, C&D Technologies, Inc. announced actions associated with the
revitalization of its Motive Power Division. The April 6, 2006 press release is
attached to this Form 8-K as exhibit 99.1. The revitalization plan includes the
transfer of manufacturing of its flagship Motive Power product, the C-Line (TM)
classic from its Huguenot, New York facility to its Reynosa, Mexico facility.
The company believes that its Reynosa plant will give it a significant
competitive advantage from a cost basis standpoint. The move will result in the
closure of the Huguenot, New York facility. The company anticipates that there
will be cash-related costs of approximately $2,500,000 related to this move. The
relocation is expected to be completed during the third quarter of fiscal year
2007 and is expected to result in annual savings of $3,500,000. The $2,500,000
of cost consists of $1,500,000 of capital expenditures and $1,000,000 for
employee related severence, related benefits and relocation costs.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits.
The following exhibit is filed herewith:
Exhibit No. Description
99.1 Press release issued by C&D Technologies, Inc.
(the "Company") dated April 6, 2006.
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.
C&D TECHNOLOGIES, INC.
Date: April 12, 2006 By: /s/ Ian J. Harvie
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Ian J. Harvie
Vice President - Finance and
Chief Financial Officer
EXHIBIT INDEX
Exhibit
Number Description
99.1 Press release dated April 6, 2006 issued by the Company.