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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): November 18, 2005
HOME PRODUCTS INTERNATIONAL, INC.
(Exact name of Registrant as Specified in Its Charter)
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Delaware
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0-17237
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36-4147027 |
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(State or Other Jurisdiction of
Incorporation)
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(Commission
File Number)
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(I.R.S. Employer
Identification No.) |
4501 West 47th Street
Chicago, IL 60632
(Address of principal executive offices) (Zip Code)
(773) 890-1010
(Registrants telephone number, including area code)
(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 (see General Instruction
A.2. below):
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(b))
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))
INFORMATION TO BE INCLUDED IN THE REPORT.
Item 2.05 Costs Associated with Exit or Disposal Activities.
In order to fuel long-term growth and raise the productivity of its manufacturing operations,
Home Products International, Inc. (the Company) announced in a press release issued on November
18, 2005 (the Press Release), that it will be consolidating its plastics manufacturing operations
and closing its Louisiana, Missouri, and Thomasville, Georgia plants. Approximately 260 full time
and temporary employees will be affected. The capacity from these locations will be moved to the
Companys Chicago and El Paso facilities. The Company expects that these actions will be completed
on or about June 30, 2006.
A copy of the Press Release is attached to this Current Report on Form 8-K as Exhibit 99.1 and
is incorporated by reference herein.
Item 8.01 Other Events.
The Press Release also announced that, in connection with the consolidation of its plastics
manufacturing operations, the Company plans to expand and modernize its plastics manufacturing
facilities located in Chicago, Illinois, and El Paso, Texas. The two locations will primarily be
responsible for producing storage and organizational containers and carts and plastic hangers.
The Company will be adding approximately 15 injection molding machines to its Chicago
location. The El Paso facility will almost double its machine count. The two locations combined
currently employ approximately 350 people. The Company expects to hire a total of approximately
150 additional full-time employees at the two facilities.
A copy of the Press Release is attached to this Current Report on Form 8-K as Exhibit 99.1 and
is incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
(a) Financial Statements of Business Acquired Not Applicable
(b) Pro Forma Financial Information Not Applicable
(c) Exhibits -
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Exhibit |
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Exhibit Description |
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99.1
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Press Release dated November 18, 2005. |
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 thereunto duly authorized.
Date: November 22, 2005
HOME PRODUCTS INTERNATIONAL, INC.
(Registrant)
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By:
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/s/ Douglas S. Ramsdale |
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Douglas S. Ramsdale |
Title:
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Chief Executive Officer |