View:
Download DOC
Download PDF
Download XLS

 

 

 

UNITED STATES

OMB APPROVAL

 

SECURITIES AND EXCHANGE COMMISSION

OMB Number:   3235-0060

 

Washington, D.C. 20549

Expires:      August 31, 2009

 

 

Estimated average burden

 

FORM 8-K

hours per response ......5.0

 

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported) April 1, 2011

 

TRIMAS CORPORATION

(Exact name of registrant as specified in its charter)

 

Delaware

 

001-10716

 

38-2687639

(State or other jurisdiction

 

(Commission

 

(IRS Employer

of incorporation)

 

File Number)

 

Identification No.)

 

39400 Woodward Avenue, Suite 130, Bloomfield Hills, Michigan

 

48304

(Address of principal executive offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code (248) 631-5400

 

Not Applicable

(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)

 

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))

 

 

 


 

Item 8.01.  Other Events.

 

TriMas Corporation (the “Corporation”) has attached hereto as Exhibit 99.1 financial information identifying the supplemental historical data for the new segmentation by quarter for the 2010 fiscal year.

 

The attached information should be read together with the Corporation’s Annual Report on Form 10-K and the Report on Form 8-K and Earnings Release filed with the Securities and Exchange Commission on February 28, 2011.

 

Item 9.01.  Financial Statements and Exhibits.

 

(d) Exhibits.  The following exhibits are filed herewith:

 

2


 

 

Exhibit No.

 

Description

 

 

 

 

 

99.1

 

2010 New Segment Data Summary by Quarter

 

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.

 

 

 

 

TRIMAS CORPORATION

 

 

 

 

 

 

 

Date:

April 1, 2011

 

By:

/s/ Joshua A. Sherbin

 

 

Name:

Joshua A. Sherbin

 

 

Title:

Vice President, General Counsel and Secretary

 

3

Exhibit 99.1

2010 New Segment Data By Quarter

 

 

 

2010

 

($ in thousands)

 

Q1

 

Q2

 

Q3

 

Q4

 

Full Year

 

Net Sales:

 

 

 

 

 

 

 

 

 

 

 

Packaging

 

$

43,600

 

$

45,520

 

$

44,490

 

$

37,560

 

$

171,170

 

Energy

 

32,320

 

30,370

 

31,710

 

34,700

 

129,100

 

Aerospace & Defense

 

17,080

 

17,220

 

19,170

 

20,460

 

73,930

 

Engineered Components

 

30,480

 

36,700

 

40,680

 

45,330

 

153,190

 

Cequent Asia Pacific

 

20,300

 

18,460

 

18,280

 

18,950

 

75,990

 

Cequent North America

 

76,280

 

103,790

 

93,550

 

65,650

 

339,270

 

Total

 

$

220,060

 

$

252,060

 

$

247,880

 

$

222,650

 

$

942,650

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross Profit:

 

 

 

 

 

 

 

 

 

 

 

Packaging

 

$

16,930

 

$

18,870

 

$

18,250

 

$

16,000

 

$

70,050

 

Energy

 

9,370

 

8,860

 

8,920

 

9,780

 

36,930

 

Aerospace & Defense

 

7,140

 

6,140

 

6,750

 

7,580

 

27,610

 

Engineered Components

 

5,710

 

8,500

 

8,480

 

9,190

 

31,880

 

Cequent Asia Pacific

 

5,390

 

5,370

 

4,650

 

5,040

 

20,450

 

Cequent North America

 

18,520

 

30,570

 

27,440

 

16,900

 

93,430

 

Total

 

$

63,060

 

$

78,310

 

$

74,490

 

$

64,490

 

$

280,350

 

 

 

 

 

 

 

 

 

 

 

 

 

Selling, General and Administrative:

 

 

 

 

 

 

 

 

 

 

 

Packaging

 

$

4,810

 

$

5,060

 

$

5,010

 

$

5,570

 

$

20,450

 

Energy

 

5,140

 

4,780

 

5,820

 

6,430

 

22,170

 

Aerospace & Defense

 

3,280

 

2,330

 

1,390

 

2,510

 

9,510

 

Engineered Components

 

2,900

 

3,290

 

3,870

 

3,890

 

13,950

 

Cequent Asia Pacific

 

1,730

 

2,020

 

2,210

 

2,440

 

8,400

 

Cequent North America

 

14,060

 

17,790

 

16,450

 

17,240

 

65,540

 

Corporate expenses

 

5,780

 

6,100

 

6,510

 

6,320

 

24,710

 

Total

 

$

37,700

 

$

41,370

 

$

41,260

 

$

44,400

 

$

164,730

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Profit (Loss):

 

 

 

 

 

 

 

 

 

 

 

Packaging

 

$

11,860

 

$

13,480

 

$

13,140

 

$

10,230

 

$

48,710

 

Energy

 

4,190

 

4,070

 

3,100

 

3,340

 

14,700

 

Aerospace & Defense

 

3,860

 

3,810

 

5,350

 

5,070

 

18,090

 

Engineered Components

 

2,800

 

5,210

 

4,500

 

4,890

 

17,400

 

Cequent Asia Pacific

 

3,660

 

3,330

 

2,430

 

2,630

 

12,050

 

Cequent North America

 

4,460

 

12,720

 

11,000

 

(340

)

27,840

 

Corporate expenses

 

(5,780

)

(6,100

)

(6,510

)

(6,320

)

(24,710

)

Total

 

$

25,050

 

$

36,520

 

$

33,010

 

$

19,500

 

$

114,080

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital Expenditures:

 

 

 

 

 

 

 

 

 

 

 

Packaging

 

$

220

 

$

580

 

$

860

 

$

3,540

 

$

5,200

 

Energy

 

950

 

560

 

1,060

 

1,090

 

3,660

 

Aerospace & Defense

 

510

 

260

 

630

 

450

 

1,850

 

Engineered Components

 

490

 

910

 

1,350

 

1,580

 

4,330

 

Cequent Asia Pacific

 

110

 

90

 

1,030

 

2,300

 

3,530

 

Cequent North America

 

290

 

240

 

810

 

1,760

 

3,100

 

Corporate

 

20

 

20

 

100

 

90

 

230

 

Total

 

$

2,590

 

$

2,660

 

$

5,840

 

$

10,810

 

$

21,900

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and Amortization:

 

 

 

 

 

 

 

 

 

 

 

Packaging

 

$

3,240

 

$

3,200

 

$

3,190

 

$

3,010

 

$

12,640

 

Energy

 

510

 

460

 

420

 

570

 

1,960

 

Aerospace & Defense

 

660

 

680

 

420

 

570

 

2,330

 

Engineered Components

 

1,010

 

1,060

 

1,340

 

1,320

 

4,730

 

Cequent Asia Pacific

 

700

 

690

 

680

 

750

 

2,820

 

Cequent North America

 

3,440

 

3,320

 

3,140

 

3,210

 

13,110

 

Corporate

 

30

 

20

 

30

 

40

 

120

 

Total

 

$

9,590

 

$

9,430

 

$

9,220

 

$

9,470

 

$

37,710

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted EBITDA:

 

 

 

 

 

 

 

 

 

 

 

Packaging

 

$

14,920

 

$

16,420

 

$

16,010

 

$

13,180

 

$

60,530

 

Energy

 

4,650

 

4,450

 

3,540

 

4,000

 

16,640

 

Aerospace & Defense

 

4,520

 

4,490

 

5,770

 

5,640

 

20,420

 

Engineered Components

 

3,820

 

6,650

 

5,840

 

6,230

 

22,540

 

Cequent Asia Pacific

 

4,360

 

3,880

 

3,240

 

3,320

 

14,800

 

Cequent North America

 

7,760

 

15,970

 

14,080

 

2,770

 

40,580

 

Corporate expenses

 

(5,900

)

(6,040

)

(6,450

)

(6,430

)

(24,820

)

Subtotal from continuing operations

 

$

34,130

 

$

45,820

 

$

42,030

 

$

28,710

 

$

150,690

 

Discontinued operations

 

(330

)

9,940

 

40

 

(3,500

)

6,150

 

Total

 

$

33,800

 

$

55,760

 

$

42,070

 

$

25,210

 

$

156,840