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
November 16, 2004
Date of Report (Date of earliest event reported)
ASSOCIATED MATERIALS INCORPORATED
(Exact Name of Registrant as Specified in Its Charter)
Delaware 000-24956 75-1872487
(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
3773 State Road
Cuyahoga Falls, Ohio 44223
(Address of Principal Executive Offices)
(330) 929-1811
(Registrant's Telephone Number, Including Area Code)
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 2.05. Costs Associated with Exit or Disposal Activities
On November 16, 2004, Associated Materials Incorporated ("AMI" or the
"Company") committed to a plan to close its vinyl siding manufacturing plant
located in Freeport, Texas. The closing of the plant, which is expected to be
completed in the second quarter of 2005, is being taken to rationalize
production capacity and reduce fixed costs. The Company believes it has
sufficient capacity at its other facilities to meet anticipated sales of vinyl
siding and accessories. Additionally, the Company believes it can improve
product quality and efficiency by upgrading equipment at its remaining
facilities.
At this time, AMI is unable in good faith to make a determination of
(1) an estimate of the total amount or range of amounts expected to be incurred
in connection with each major type of cost associated with this course of
action; (2) an estimate of the total amount or range of amounts expected to be
incurred in connection with the action; and (3) an estimate of the amount or
range of amounts of the charge that will result in future cash expenditures, as
required by Item 2.05 of Form 8-K. AMI intends to file an amended report on Form
8-K under this Item 2.05 within four business days after it makes a
determination of such estimates or range of estimates.
This current report on Form 8-K includes certain forward-looking
statements (as such term is defined in the Private Securities Litigation Reform
Act of 1995) relating to AMI that are based on the beliefs of AMI's management.
When used in this Form 8-K, the words "may," "will," "should," "expect,"
"intend," "estimate," "anticipate," "believe," "predict," "potential" or
"continue" or similar expressions identify forward-looking statements. Such
statements reflect the current views of AMI's management with respect to its
operations and results of operations regarding the home building industry,
economy, interest rates, availability of consumer credit, employment trends,
levels of consumer confidence, consumer preferences, raw material costs and
availability, national and regional trends in new housing starts, weather
conditions, its ability to comply with certain financial covenants in loan
documents governing its indebtedness, level of competition within its market,
availability of alternative building products, its level of indebtedness, costs
of environmental compliance, increase in capital expenditure requirements,
potential conflict between Alside and Gentek distribution channels, achievement
of anticipated synergies and operational efficiencies from the acquisition of
Gentek, its ability to consolidate manufacturing production because of the
related costs or customer requirements, shifts in market demand, and general
economic conditions. These statements are subject to certain risks and
uncertainties. Should one or more of these risks or uncertainties materialize,
or should underlying assumptions or estimates prove incorrect, actual results
may vary materially from those described herein as expected, intended,
estimated, anticipated, believed or predicted.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, as amended, the Registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
ASSOCIATED MATERIALS INCORPORATED
DATE: November 19, 2004 By: /s/ D. Keith LaVanway
-------------------------------------------
D. Keith LaVanway
Vice President, Chief Financial Officer,
Treasurer and Secretary
-3-