keybancpresentation.htm
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): June 2, 2009
FRANKLIN
ELECTRIC CO., INC.
(Exact
name of registrant as specified in its charter)
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Indiana
(State
or other jurisdiction of incorporation)
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0-362
(Commission
File Number)
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35-0827455
(I.R.S.
Employer Identification No.)
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400
E. Spring Street
Bluffton,
IN
(Address
of principal executive offices)
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46714
(Zip
Code)
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Registrant’s
telephone number, including area code: (260)
824-2900
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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 (see General Instruction A.2. below):
[ ] Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ] Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act
(17
CFR 240.14d-2(b))
[ ] Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act
(17
CFR 240.13e-4(c))
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Item
7.01.
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Regulation FD
Disclosure.
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R. Scott
Trumbull, Chairman and Chief Executive Officer, and John J. Haines, Vice
President and Chief Financial Officer, of Franklin Electric Co., Inc. (the
“Company”) will present at the KeyBanc Investor Conference in Boston,
Massachusetts on June 2, 2009. A copy of the presentation slides are
attached hereto as Exhibit 99.1 and will be available on the Company’s web site,
www.fele.com,
under the “Investor Relations” page, for 30 days after the
presentation.
Management
expects during the course of the presentation to make the following additional
comments with respect to the outlook for the balance of the year:
1) Year
over year sales comparisons for the Fueling Segment will be particularly
difficult in the second and third quarters of 2009 due to the high volume of
prior year shipments in California.
2)
Management expects that overall margins should improve sequentially in the
second and third quarters of 2009 and be above prior year in the fourth
quarter.
3)
Estimates of cost savings for fixed manufacturing and Selling, General and
Administrative Expenses are impacted by foreign currency exchange rates versus
the U.S. dollar. Key current assumptions used in these estimates are
Euro to U.S. dollar of .7569 and Brazilian real to U.S. dollar of
2.18.
4)
The Company discussed that in the second half of 2009, due to the expansion of
the facility in Linares, Mexico, along with the curtailment of production in
higher costs facilities, the Company’s manufacturing converting costs will be
approximately $11 million lower during the second half of 2009 than they were in
the second half of 2008. These costs savings are included in the 2009 Full
Year Cost Reduction vs. 2008 estimates provided on page 12 of the
presentation
In
accordance with Instruction B.2 of Form 8-K, the information in this Item 7.01
shall not be deemed “filed” for purposes of Section 18 of the Securities
Exchange Act of 1934, as amended, nor shall it be deemed incorporated by
reference in any filing under the Securities Act of 1933, as
amended.
Item
9.01. Financial
Statements and Exhibits.
(d) Exhibits.
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99.1
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Presentation
slides at the KeyBanc Investor Conference on June 2, 2009 and appendix
reconciling certain non GAAP financial
measures.
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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.
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FRANKLIN
ELECTRIC CO., INC.
(Registrant)
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Date: June
2, 2009
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By: ___/s/John J.
Haines___________________
John J. Haines
Vice President, Chief Financial
Officer
and Secretary
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