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): August 31, 1998 BREED Technologies, Inc. ------------------------------------------------------ (Exact name of registrant as specified in its charter) Delaware 1-11474 22-2767118 - ------------------------- ------------------------ ------------------- (State of incorporation) (Commission File Number) (IRS Employer Identification No.) 5300 Old Tampa Highway Lakeland, Florida 33811 - ---------------------------------------- ---------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (941) 668-6000 ------------------------------------------------------------- (Former name or former address, if changed since last report) - ----------------------------------------------------------------------------- ITEM 5. OTHER EVENTS BREED Technologies, Inc. (NYSE:BDT) (the "Company"), a global leader in automotive occupant safety systems, on August 31, 1998 announced that the Company is delaying the release of its earnings for the fourth quarter and year end of fiscal year 1998. In the second quarter of fiscal year 1998, the Company recorded repositioning and other special charges aggregating $349.9 million. The SEC is disagreeing with certain aspects of the second quarter charges. The Company currently intends to release its earnings as soon as practicable, following the resolution of these issues. Headquartered in Lakeland, Florida, the Company is the world's third largest supplier of complete automotive occupant restraint systems. The Company supports its growing list of automotive customers with advanced engineering, testing and manufacturing facilities located in 13 countries around the globe. Information about the Company and its products is available on the Internet at http://www.breedtech.com. A complete copy of the press release is attached hereto as Exhibit 99.1. ITEM 7. FINANCLAL STATEMENTS AND EXHIBITS (c) Exhibits 99.1 Text of Press Release of BREED Technologies, Inc. dated August 31, 1998. 2 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. Date: August 31, 1998 BREED TECHNOLOGIES, INC. By: /s/ Frank J. Gnisci ----------------------- Frank J. Gnisci Executive Vice President and Chief Financial Officer 3 INDEX TO EXHIBITS EXHIBIT NUMBER AND DESCRIPTION - ------------------------------ 99.1 Text of Press Release for BREED Technologies, Inc. dated August 31, 1998