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) May 17, 2004
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Lexington Precision Corporation
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(Exact name of Registrant as specified in its charter)
Delaware 0-3252 22-1830121
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
767 Third Avenue, New York, NY 10017
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (212) 319-4657
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(Former name or former address, if changed since last report)
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
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(c) Exhibits
Exhibit 99.1 Press release dated May 17, 2004.
Item 12. Results of Operations and Financial Condition
The information in this Form 8-K, including Exhibit 99.1 attached
hereto, shall not be deemed "filed" for purposes of Section 18 of the Securities
Exchange Act of 1934, as amended, and shall not be incorporated by reference
into any filing of Lexington Precision Corporation (the "Company") under the
Securities Act of 1933, as amended, except as shall be expressly set forth by
specific reference in such filing.
On May 17, 2004, the Company issued a press release announcing
financial results for the first quarter ended March 31, 2004. A copy of the
press release is attached hereto as Exhibit 99.1.
The press release discusses a non-GAAP financial measure known as
earnings before interest, taxes, depreciation, and amortization ("EBITDA").
EBITDA is not a measure of performance under accounting principles generally
accepted in the United States and should not be considered in isolation or used
as a substitute for income from operations, net income, net cash provided by
operating activities, or other operating or cash flow statement data prepared in
accordance with generally accepted accounting principles. EBITDA is referenced
in the attached press release and elsewhere in this Company's financial
reporting because investors and the Company's management use this measure to
evaluate the operating performance of the Company, including the Company's
ability to service debt. In the press release, the Company has provided
quantitative reconciliations of EBITDA to income (loss) from operations and net
loss, two GAAP financial measures.
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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.
Dated: May 17, 2004 LEXINGTON PRECISION Corporation
By: /s/ Dennis J. Welhouse
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Name: Dennis J. Welhouse
Title: Senior Vice President and
Chief Financial Officer
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EXHIBIT INDEX
Exhibit
Number Exhibit Name Location
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99.1 Press release dated May 17, 2004. Filed herewith
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