Noble International 8-K 2009
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) June 22, 2009
NOBLE INTERNATIONAL, LTD.
(Exact name of registrant as specified in its charter)
Registrants telephone number including area code: (248) 519-0700
(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 June 23, 2009, the U.S. Bankruptcy Court of the Eastern District of Michigan approved an agreement (the Purchase Agreement) between Noble Metal Processing West Michigan, a subsidiary of Noble International, Ltd. (the Company), and RM Shelf Corp 4, Inc. (RM Shelf) pursuant to which RM Shelf will purchase certain assets relating to operation of the Companys Spring Lake, Michigan facility for approximately $1.3 million. RM Shelf will also purchase finished goods, works-in-process and raw materials existing on the day of closing. The Purchase Agreement may be terminated by either party without liability if the transaction is not consummated on or before June 30, 2009.
On June 25, 2009, the Company consummated the sale to Multimatic Inc. (Multimatic) of certain assets relating to operation of the Companys Butler, Indiana facility for $1.66 million. In connection with the sale, Multimatic also purchased existing finished goods, works-in-process and raw materials for $1.07 million.
On June 22, 2009, Jean-François Crancée informed the Company that, in connection with his retirement from ArcelorMittal, he was resigning as a member of the Companys Board of Directors (the Board), effective immediately.
On June 23, 2009, the Board elected Brian E. Aranha to fill the Board vacancy resulting from Mr. Crancées resignation. Mr. Aranha serves as Vice President, Commercial Team Industry in the Flat Carbon Europe business unit of ArcelorMittal.
Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
June 26, 2009