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): August 19, 2010
ARMSTRONG WORLD INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
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| Pennsylvania |
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1-2116 |
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23-0366390 |
| (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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P.O. Box 3001, Lancaster, Pennsylvania
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17604 |
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(Zip Code) |
Registrant’s telephone number, including area code: (717) 397-0611
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NA
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| (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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Section 2 — Financial Information
Item 2.05. Costs Associated with Exit or Disposal Activities.
On August 19, 2010, Armstrong World Industries, Inc. (the “Company”) issued a press release
announcing that as a result of declining European demand, the Company plans to exit the residential
flooring business in Europe as soon as possible. The major factors that contributed to the decision
to exit the European residential flooring business and the proposal to close the Teesside plant
were the significant reductions in demand for residential cushion vinyl flooring products across
Europe and the small scale and disadvantageous input costs of the Teesside facility. As a result
of this exit, the Company intends to close its manufacturing plant at Stockton-on-Tees, Teesside,
UK by the end of the first quarter of 2011. The site employs 163 people. The actual number of jobs
affected will be determined following an employee consultation period, which will last at least 90
days.
Total estimated charges of approximately $10 million are expected to be recorded in the third and
fourth quarters of 2010 and possibly continue into the first quarter of 2011. These charges will
include severance benefits and asset write-downs; the amount of severance benefits will be
determined following an employee consultation period. Related cash expenditures are expected to be
approximately $6 million.
Results in the first six months of 2010 were sales of approximately $19 million and operating
losses of approximately $4 million.
The full text of the press release is attached hereto as Exhibit 99.1.
Section 9 — Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
No. 99.1 Press Release of Armstrong World Industries, Inc. dated August 19, 2010.