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
Date of Report (Date of earliest event reported): August 29, 2005
DHB INDUSTRIES, INC.
------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 001-13112 11-3129361
-------------------------------- ------------ ---------------------
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation) File Number) Identification No.)
400 Post Avenue, Suite 303, Westbury, New York 11590
- ---------------------------------------------- ----------
(Address of principal executive office) (Zip Code)
(516) 997-1155
- ----------------------------------------------------
(Registrant's telephone number, including area code)
N/A
--------------------------------------------------------------
(Former name or former address, if changed since last report.)
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 8.01. OTHER EVENTS.
DHB Industries, Inc operating principally in the growing field of body
armor, announced on August 30, 2005 that, although it remains confident in the
safety and performance of its body armor products containing Zylon(R), it
discontinued the use of Zylon(R) in its bullet resistant products on August 24,
2005. The Company ceased production of all Zylon(R)-containing bullet resistant
products due to the National Institute of Justice's (NIJ) decision to revoke the
NIJ's previously issued certifications of all vests containing Zylon(R) in the
marketplace. The Company also announced that it will be implementing a Voluntary
Replacement Program to assist its customers who presently have non NIJ-compliant
Zylon(R) body armor.
This Voluntary Replacement Program is not a product recall. This action
is a result of the de-certification by the NIJ of body armor with Zylon(R),
which will result in certain customers having body armor that will not be in
compliance with the new NIJ requirements. This program will assist the law
enforcement community in replacing its Zylon(R) body armor with, NIJ-compliant
body armor.
The Company will record a charge to third quarter earnings to account
for the anticipated cost of the Zylon(R) Replacement Program and discontinued
sales of products that contain Zylon(R). The amount of the third quarter charge
has not yet been finalized, but is not expected to exceed $60 million.
A copy of the news release announcing the foregoing is attached as Exhibit 99.1
to this report.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(c) The following Exhibit is filed as part of this Current Report on
Form 8-K:
EXHIBIT 99.1 NEWS RELEASE OF DHB INDUSTRIES, INC. DATED AUGUST 30, 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.
DHB INDUSTRIES, INC.
By: /s/ DAWN M. SCHLEGEL
---------------------
Dawn M. Schlegel
Chief Financial Officer
Dated: August 31, 2005
EXHIBIT INDEX
99.1 News Release of DHB Industries, Inc. dated
August 30, 2005.