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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) DECEMBER 28, 2004
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INTERMET CORPORATION
(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
(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 7.01: REGULATION FD DISCLOSURE
On December 22, 2004, INTERMET Corporation sought and obtained an adjournment of
the hearing scheduled that day in the U.S. Bankruptcy Court with respect to its
motion filed November 17, 2004 for authority to reject certain executory
customer supply contracts. INTERMET requested the adjournment to complete
negotiations with certain of its largest customers. Today, INTERMET filed a
motion with the Bankruptcy Court for authority to assume executory customer
supply contracts it has negotiated and agreed to with its largest customers. If
its motion to assume executory contracts is approved by the Bankruptcy Court,
INTERMET intends to withdraw its November 17, 2004 motion to reject.
The motion filed by INTERMET today is attached to this Current Report as Exhibit
99.1. A press release announcing the results of INTERMET's negotiations with its
largest customers is attached to this Current Report as Exhibit 99.2.
This Current Report may include forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. The word "intends" and
similar words identify forward-looking statements. These statements are not
guarantees of future performance but instead involve various risks and
uncertainties. INTERMET's actual results may differ materially from those
suggested by its forward-looking statements due to factors such as: the economic
cost, management distraction and lost business opportunities associated with
bankruptcy proceedings; INTERMET's ability to consummate its anticipated DIP
financing; the high cost of scrap steel and the possibility that scrap steel
costs will remain at high levels or continue to increase, which would have
further negative effects on INTERMET's profitability, cash flow, liquidity and
ability to borrow; fluctuations in the cost of other raw materials, including
the cost of energy, aluminum, zinc, magnesium and alloys, and INTERMET's
ability, if any, to pass those costs on to its customers; pricing practices of
INTERMET's customers, including changes in their payment terms resulting from
the discontinuation of early payment programs and continuing demands for price
concessions as a condition to retaining current business or obtaining new
business, and the negative effect that price concessions have on profit margins;
changes in procurement practices and policies of INTERMET's customers for
automotive components, including the risk of the loss of major customers or the
loss of current or prospective vehicle programs as a result of INTERMET's
financial condition and prospects (or otherwise); possible inability to close
unprofitable plants or to transfer work from one plant to another because of the
related costs or customer requirements; general economic conditions, including
any downturn in the markets in which INTERMET operates; fluctuations in
automobile and light and heavy truck production, which directly affect demand
for INTERMET's products; deterioration in the market share of any of INTERMET's
major customers; fluctuations in foreign currency exchange rates; work stoppages
or other labor disputes that could disrupt production at INTERMET's facilities
or those of its customers; continuing changes in environmental regulations to
which INTERMET is subject, and the costs INTERMET will incur in meeting more
stringent regulations; factors or presently unknown circumstances that may
result in impairment of INTERMET's assets, including further write-downs of its
goodwill; and other risks as detailed from time to time in INTERMET's periodic
SEC reports.
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ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Not applicable
(b) Not applicable
(c) Exhibits:
The following exhibits are being filed herewith:
Exhibit 99.1. Motion for Authority to Assume Executory Customer Supply Contracts
filed with the Bankruptcy Court December 28, 2004
Exhibit 99.2. Press release dated December 28, 2004 announcing results of
negotiations with major customers
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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
December 28, 2004 By: /s/ Alan J. Miller
Alan J. Miller
Vice President, General Counsel and
Assistant Secretary
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EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
Exhibit 99.1. Motion for Authority to Assume Executory Customer Supply
Contracts filed with the Bankruptcy Court December 28, 2004
Exhibit 99.2. Press release dated December 28, 2004 announcing results of
negotiations with major customers