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)
November 4,
2008
Exide Technologies
(Exact name of registrant as specified in its charter)
Delaware |
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001-11263 |
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23-055273 |
(State or other
jurisdiction
of incorporation) |
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(Commission File Number)
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(IRS Employer Identification
No.) |
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13000 Deerfield Parkway,
Building 200, Alpharetta, Georgia |
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30004 |
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(Address of principal executive
offices) |
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(Zip Code) |
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Registrant's telephone number, including area
code: (678)
566-9000
Not Applicable
(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:
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Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12) |
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[ ] |
Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))
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Item 2.02.
Results of Operations and Financial Condition.
Attached as Exhibit 99.1 is a press release dated November 6,
2008, which contains information regarding the Company's results of operations
and financial condition for the fiscal quarter ended September 30, 2008. The
earnings release shall be deemed furnished but not filed.
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment
of Certain Officers; Compensatory Arrangements of Certain
Officers.
On November 4, 2008, the Board appointed Michael Ostermann as
President-Transportation Europe, effective no later than January 2, 2009. Mr.
Ostermann, 43, most recently served as Management Board Member and Managing
Director at Frauenthal Holding AG, including full divisional responsibility for
the Company's Automotive Components sector, and had been with the company since
2005. From 1994 to 2005, Mr. Ostermann served in various capacities at Styria, a
European manufacturer of commercial leaf springs and stabilizer bars for
commercial vehicles and trailer axles. Mr. Ostermann's base salary will be
€290,000, his target under the Company's economic profit incentive compensation
plan (the "EP Plan") will be 50% of base salary and his annual award under the
Company's Long-Term Incentive Plan will be 125% of base salary. Mr. Ostermann
will receive an inducement of €165,000, annual pension insurance of €25,000 and
an automobile allowance in accordance with the Company's policy. A copy of the
press release announcing Mr. Ostermann's appointment is included as Exhibit 99.2
to this Current Report on Form 8-K and is incorporated herein by
reference.
Item 8.01
Other Events.
On November 5, 2008, the Company signed a definitive agreement
to acquire the principal assets of Mountain Power, Inc., a privately-held
Canadian manufacturer that specializes in the design and commercialization of
high performance, large capacity rechargeable lithium-ion batteries for the
telecommunications, utility, industrial, medical and military markets. The
transaction is expected to close on or before November 13, 2008. A copy of the
press release announcing the transaction is included as Exhibit 99.3 to this
Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01.
Financial Statements and Exhibits.
99.1 Press release dated November 6, 2008
announcing earnings for the fiscal quarter ended September 30, 2008
99.2 Press release dated November 6, 2008
announcing acquisition of principal assets of Mountain Power, Inc.
99.3 Press release dated November 6, 2008
announcing the appointment of Michael Ostermann
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.
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Exide
Technologies
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| November 6,
2008 |
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By: /s/
Phillip A. Damaska
Name: Phillip A. Damaska
Title:
Executive Vice President & Chief Financial Officer
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