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: August 31, 2000 Commission file number 1-14982
HUTTIG BUILDING PRODUCTS, INC.
(Exact name of registrant as specified in its charter)
Delaware 43-0334550
(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
Lakeview Center, Suite 400
14500 South Outer Forty Road
Chesterfield, Missouri 63017
(Address of principal executive offices, including zip code)
(314) 216-2600
(Registrant's telephone number, including area code)
Item 5. Other Events
On August 30, 2000, Huttig Building Products issued a press release disclosing
certain information regarding the termination of a distribution agreement with
one of its vendors. That press release is included below.
Press Release
CHESTERFIELD, MO, August 30, 2000 --- Huttig Building Products, Inc. (NYSE: HBP)
announced today that effective October 27, 2000, it will no longer distribute
Andersen Windows. Andersen has attributed its decision to terminate the
decades-old relationship to differences in the company's distribution strategy.
Huttig's sales of the Andersen line for the first six months of 2000 were $38
million. Andersen products are distributed through twelve of Huttig's 62
distribution centers. Although Huttig has not completed its assessment of the
impact of this action on its business, it is likely to result in a special
charge in the current quarter. The loss of the Andersen line is not expected to
have an ongoing material adverse effect on Huttig's operating income or
financial condition.
Huttig has existing relationships with numerous national window suppliers, many
of whom are already key suppliers to Huttig around the country. These suppliers
are very excited and well positioned to expand their business with Huttig.
Huttig Building Products is a distributor of building materials used principally
in new residential construction and in home improvement, remodeling and repair
work. Its products are distributed through 62 distribution centers serving 45
states and are sold primarily to building material dealers, directly to
professional builders and large contractors, and to home centers, national
buying groups and industrial and manufactured housing builders.
This press release may contain forward looking information as defined by the
Private Securities Litigation Reform Act of 1995. This information presents
management's expectations, beliefs, plans and objectives regarding future
financial performance, and assumptions or judgments concerning such performance.
Any discussions contained in this press release, except to the extent that they
contain historical facts, are forward-looking and accordingly involve estimates,
assumptions, judgments and uncertainties. There are a number of factors that
could cause actual results or outcomes to differ materially from those addressed
in the forward-looking information. Such factors are detailed in the Company's
Annual Report on Form 10-K for the fiscal year ended December 31, 1999 filed
with the Securities and Exchange Commission.
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 thereunto duly authorized.
HUTTIG BUILDING PRODUCTS, INC.
----------------------------------
(Registrant)
Date: August 31, 2000 /s/ Barry J. Kulpa
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Barry J. Kulpa
President, Chief Executive Officer
And Director (Principal Executive Officer)
Date: August 31, 2000 /s/ Thomas S. McHugh
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Thomas S. McHugh
Corporate Controller
(Principal Accounting Officer)