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SECURITIES AND EXCHANGE COMMISSION
UNITED STATES
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) SEPTEMBER 20, 2004
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INTERMET CORPORATION
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(Exact name of registrant as specified in its charter)
GEORGIA 0-13787 58-1563873
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
5445 CORPORATE DRIVE, SUITE 200 48098-2683
TROY, MICHIGAN ----------
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number including area code: (248) 952-2500
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NOT APPLICABLE
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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))
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ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On September 20, 2004, the board of directors of INTERMET
Corporation adopted an Employee Retention Plan. The plan provides for the
payment of bonuses to certain key employees of INTERMET, as identified by the
board, if those employees continue their employment with the Company through
December 31, 2005. The amount of bonus a participant in the plan may receive
will be calculated based on a percentage of that person's annual salary as of
September 20, 2004 and the actual time the participant works between September
20, 2004 and December 31, 2005. In the event the participant's employment
terminates prior to December 31, 2005, that person may be eligible for a pro
rata bonus payment if certain conditions (as set forth in the plan) are met. The
bonuses will be paid no later than June 30, 2006. Approximately 100 INTERMET
employees have initially been designated by the board as participants in the
plan, including the Company's President and CEO, VP -- Finance and CFO, VP --
Sales and Marketing and VP and General Counsel. A copy of the plan is attached
hereto as Exhibit 10.1.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
(a) Not applicable
(b) Not applicable
(c) Exhibits:
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The following exhibit is being furnished herewith:
10.1 INTERMET Corporation Employee Retention Plan.
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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.
INTERMET CORPORATION
September 23, 2004 By: /s/ Alan J. Miller
Alan J. Miller
Vice President, General Counsel and
Assistant Secretary
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EXHIBIT INDEX
Ex. No. DESCRIPTION
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10.1 INTERMET Corporation Employee Retention Plan.
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