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): JULY 3, 2007
TECUMSEH PRODUCTS COMPANY
(Exact name of registrant as specified in its charter)
MICHIGAN 0-452 38-1093240
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
100 EAST PATTERSON STREET
TECUMSEH, MICHIGAN 49286
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (517) 423-8411
(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 (see General Instruction A.2. below):
[ ] 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 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On July 3, 2007, we signed an agreement with Regal Beloit Corporation to sell to
Regal Beloit the majority of our Electrical Components business operations for
$220 million in cash, subject to customary adjustments at closing. The
operations to be sold, principally composed of the Residential & Commercial
Motors and Asia Pacific divisions of our Fasco business unit, accounted for
about 70% of Electrical Components sales in 2006. Completion of the transaction
is subject to regulatory approval by the Federal Trade Commission and other
customary closing conditions.
ITEM 7.01 REGULATION FD DISCLOSURE.
On July 3, 2007, we issued a press release announcing the agreement described in
Item 1.01. We are furnishing a copy as an exhibit to this report.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
The following exhibit is furnished with this report:
Exhibit No. Description
- ----------- -----------
99.1 Press release issued July 3, 2007
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.
TECUMSEH PRODUCTS COMPANY
Date: July 10, 2007 By /s/ James S. Nicholson
-------------------------------------
James S. Nicholson
Vice President, Treasurer and Chief
Financial Officer
NOTE: The information in Item 7.01 of this report and the related exhibit is not
to be deemed "filed" for purposes of Section 18 of the Exchange Act or otherwise
subject to the liabilities of that section unless the registrant specifically
incorporates it by reference into a filing under the Securities Act or the
Exchange Act.
EXHIBIT INDEX
Exhibit No. Description
- ----------- -----------
99.1 Press release issued July 3, 2007
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