SEC Filing Html Data
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
August 7, 2000
(Date of Report, date of earliest event reported)
COMPX INTERNATIONAL INC.
(Exact name of registrant as specified in its charter)
Delaware 1-13905 57-0981653
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) No.)
16825 Northchase Drive, Suite 1200, Houston, Texas 77060
(Address of principal executive offices) (Zip Code)
(281) 423-3377
(Registrant's telephone number, including area code)
(Former name or address, if changed since last report)
Item 5: Other Events
On August 7, 2000, the registrant, CompX International Inc., issued the
press release attached hereto as Exhibit 99.1, which is incorporated herein by
reference.
Item 7: Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibit
Item No. Exhibit Index
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99.1 Press release dated August 7, 2000 issued by CompX
International Inc.
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.
COMPX INTERNATIONAL INC.
(Registrant)
By: /s/ Andrew Louis
----------------------
Andrew Louis,
Secretary
Date: August 7, 2000
[LOGO GOES HERE]
PRESS RELEASE
FOR IMMEDIATE RELEASE CONTACT:
CompX International Inc. John A. Miller
16825 Northchase Drive, Suite 1200 Chief Financial Officer
Houston, TX 77060 Tel. 281-423-3391
COMPX ANNOUNCES CLOSING OF CHICAGO LOCK FACILITY
HOUSTON, TEXAS ... August 7, 2000 ... CompX International Inc. (NYSE: CIX)
announced today that it plans to consolidate its Chicago Lock manufacturing
operations into other CompX facilities and close its leased manufacturing
facility in Pleasant Prairie, Wisconsin. The relocation of the Chicago Lock
operations is scheduled to begin in September of this year and be completed by
January, 2001. CompX purchased substantially all of the assets of Chicago Lock
Company, excluding real estate, in January of 2000. The majority of the Pleasant
Prairie manufacturing operations will be consolidated into CompX's Mauldin,
South Carolina facility.
"This move allows us to improve operating margins by reducing our fixed costs
and leveraging our more automated manufacturing capability in Mauldin", said
Joseph S. Compofelice, CompX's Chairman and CEO. Mr. Compofelice added "The move
also enables us to better service our customers by consolidating and focusing
our customer service teams."
CompX is a leading manufacturer of ergonomic computer support systems, precision
ball bearing slides and security products.
Statements in this release relating to matters that are not historical facts are
forward-looking statements based on management's belief and assumptions using
currently available information. Although the Company believes the expectations
reflected in such forward-looking statements are reasonable, it cannot give any
assurances that these expectations will prove to be correct. Such statements, by
their nature, involve substantial risks and uncertainties that could
significantly impact expected results, and actual future results could differ
materially from those described in such forward-looking statements. While it is
not possible to identify all factors, the Company continues to face many risks
and uncertainties. Among the factors that could cause actual future results to
differ materially include, but are not limited to, general economic and
political conditions, demand for office furniture, service industry employment
levels, competitive products and prices, the introduction of tariff or
non-tariff trade barriers, potential difficulties in integrating completed
acquisitions and other risks and uncertainties detailed in the Company's
Security and Exchange Commission filings. Should one or more of these risks
materialize (or the consequences of such a development worsen), or should the
underlying assumptions prove incorrect, actual results could differ materially
from those forecast or expected. The Company disclaims any intention or
obligation to update publicly or revise such statements whether as a result of
new information, future events or otherwise.
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