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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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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 17, 2001
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GenCorp Inc.
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(Exact Name of Registrant as Specified in Charter)
Ohio 1-01520 34-0244000
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(State or Other Jurisdiction (Commission File IRS Employer
of Incorporation) Number) Identification No.)
Highway 50 and Aerojet Road, Rancho Cordova, California 95670
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(Address of Principal Executive Offices) (Zip Code)
P.O. Box 537012, Sacramento, California 95853-7012
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(Mailing Address) (Zip Code)
Registrant's telephone number, including area code (916) 355-4000
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ITEM 5. OTHER EVENTS
Attached hereto as Exhibit 99.1 and incorporated herein by this reference is the
text of the registrant's press release which was issued on September 17, 2001.
In a GenCorp Inc. press release dated September 17, 2001, the Company announced
the following:
(i) GenCorp has reached an agreement with the US Environmental
Protection Agency to remove 3,200 acres of property at its
Sacramento Aerojet facility from the Superfund site designation.
The "Carve Out" agreement is subject to a 30-day public comment
period and public hearing, and requires an amendment to the
existing Aerojet Partial Consent Decree.
(ii) GenCorp will be restructuring its Corporate Headquarters to
reduce corporate expenses by approximately $3 million on an
annual basis. The restructuring will be implemented through a
voluntary early retirement program and could result in a fourth
quarter charge of $6 to $8 million.
(iii) GenCorp expects third quarter earnings results to fall short of
analysts' consensus expectations. This reduction in third
quarter earnings is driven by a combination of poor performance
from its Aerojet Fine Chemicals business and a timing issue on
closing certain real estate transactions unrelated to the Carve
Out property, coupled with continuing, but slower than expected
recovery of the GDX Automotive business.
ITEM 7. EXHIBITS
Table Exhibit
Item No. Exhibit Description Number
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99 GenCorp Inc.'s press release dated September 99.1
17, 2001, which announced the Company (i) had
reached a tentative "Carve Out" agreement
with the US Environmental Protection Agency,
(ii) would be restructuring its Corporate
Headquarters, and (iii) expects third quarter
earnings results to fall short of analysts'
consensus expectations.
SIGNATURE
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, thereunto duly authorized.
GENCORP INC.
By: /s/ William R. Phillips
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Name: William R. Phillips
Title: Senior Vice President, Law,
General Counsel and Secretary
Dated: September 17, 2001