UNITED
STATES
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
Date
of report (Date of earliest event reported): December 5,
2006
BRUNSWICK
CORPORATION
(Exact
Name of Registrant Specified in Charter)
|
Delaware
|
001-01043
|
36-0848180
|
||
|
(State
or Other
Jurisdiction
of
Incorporation)
|
(Commission
File
Number)
|
(I.R.S.
Employer
Identification
No.)
|
|
1
N. Field Court
Lake
Forest, Illinois
|
60045-4811
|
|
|
(Address
of Principal Executive Offices)
|
(Zip
Code)
|
Registrant’s
telephone number, including area code: (847) 735-4700
(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:
|
[
]
|
Written
communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
|
|
[
]
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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))
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[
]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR
240, 13e-4(c))
|
Item
2.06 Material Impairments.
On
April
27, 2006, Brunswick Corporation (“Brunswick” or the “Company”) announced its
decision to sell substantially all of its Brunswick New Technologies (“BNT”)
business unit. On December 6, 2006, Brunswick’s management concluded that, based
on an
increasingly competitive marketplace's impact on BNT’s operating
results
(primarily in the portable navigation device segment in Europe) and discussions
with potential acquirers of all or part of the BNT business, the proceeds
of any sale of BNT are not expected to equal or exceed the Company's net
investment in BNT.
Accordingly, the Company expects to recognize a non-cash impairment charge
in
the amount of $70 million to $95 million. This impairment charge will be
recorded in the quarter ending December 31, 2006.
Reference
is made to Brunswick’s news release dated December 11, 2006, which is attached
hereto as Exhibit 99.1 and is incorporated by reference.
ITEM
9.01 Financial Statements and Exhibits.
(c)
Exhibits:
|
Exhibit
No.
|
Description
of Exhibit
|
|
|
99.1
|
News
Release of Brunswick Corporation dated December 11, 2006.
|
2
SIGNATURE
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.
| BRUNSWICK CORPORATION | ||
| |
|
|
| Date: December 11, 2006 | By: | /s/ ALAN L. LOWE |
| Name: Alan L. Lowe | ||
| Title: Vice President and Controller | ||
3
EXHIBIT
INDEX:
|
Exhibit
No.
|
Description
of Exhibit
|
|
|
99.1
|
News
Release of Brunswick Corporation dated December 11, 2006.
|
4