UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 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):
July 26, 2005
Lexmark International, Inc.
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(Exact Name of Registrant as Specified in its Charter)
Delaware 1-14050 06-1308215
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(State or other Jurisdiction (Commission (IRS Employer
of Incorporation) File No.) Identification No.)
One Lexmark Centre Drive, 740 West New Circle Road, Lexington, Kentucky 40550
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (859) 232-2000
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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:
_ 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 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION
On July 26, 2005, Lexmark International, Inc. issued a press release announcing
its financial results for the second quarter ended June 30, 2005. The text of
the press release announcing financial results is furnished herewith as Exhibit
99.1 and is incorporated herein by reference.
The information contained in this Current Report shall not be deemed "filed" for
purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the
"Exchange Act") or otherwise subject to the liability of that section, or
incorporated by reference in any filing under the Securities Act of 1933, as
amended, or the Exchange Act, except as shall be expressly set forth by specific
reference in such a filing.
ITEM 2.05 COSTS ASSOCIATED WITH EXIT OR DISPOSAL ACTIVITIES
As part of the company's ongoing optimization of its expense structure, the
company continually reviews its resources in light of a variety of factors. On
July 26, 2005, the company determined that it would reduce its workforce by
approximately 275 employees through the first half of 2006, with a majority of
the affected employees exiting in the third quarter of 2005. The company expects
that this workforce reduction will result in pre-tax charges of $26 million.
Estimated annual savings from this reduction in employment are expected to be
about $23 million. The pre-tax charges in the third quarter are expected to be
approximately $13 million, with an impact on diluted net earnings per share of
approximately 8 cents. The text of the press release announcing the workforce
reduction is furnished herewith as Exhibit 99.1 and is incorporated herein by
reference.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(c) EXHIBITS
Exhibit No. Description of Exhibit
99.1 Press Release issued by Lexmark International, Inc.,
dated July 26, 2005.
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.
LEXMARK INTERNATIONAL, INC.
(Registrant)
By: /s/ Gary E. Morin
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Name: Gary E. Morin
Title: Executive Vice President and Chief
Financial Officer
Date: July 26, 2005
EXHIBIT INDEX
Exhibit No. Description of Exhibit
99.1 Press Release issued by Lexmark International, Inc., dated
July 26, 2005.