Ferro 8-K 2014
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Pursuant to Section 13 or 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 1, 2014
(Exact name of registrant as specified in its charter)
Registrants telephone number, including area code: 216-875-5600
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:
On July 1, 2014, Ferro Corporation (the Company) and its wholly-owned subsidiary, Ferro Spain, S.A. (collectively, the Sellers), completed the previously announced sale of the Companys Specialty Plastics business to A. Schulman, Inc. and its wholly-owned subsidiary, A. Schulman Castellon, S.L.U. (collectively, the Buyers). The purchase price was $91 million in cash, and the sale was made pursuant to the Asset Purchase Agreement among the Sellers and Buyers, dated June 3, 2014 (the Agreement).
The unaudited pro forma condensed consolidated financial information of the Company giving effect to the sale of the Companys Specialty Plastics business is attached hereto as Exhibit 99.2.
The foregoing description of the Agreement is qualified in its entirety by reference to the Agreement, which is filed as Exhibit 2.1 hereto and incorporated herein by reference.
On July 1, 2014, the Company issued a press release (the Press Release) announcing, among other things, the completion of the sale of its Specialty Plastics business and the status of other strategic initiatives. A copy of the Press Release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
(b) Pro Forma Financial Information
The following unaudited pro forma financial information is filed as Exhibit 99.2 to this Current Report and is incorporated herein by reference:
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.
July 2, 2014