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): October 22, 2009


Colfax Corporation

(Exact name of registrant as specified in its charter)

 
Delaware
001-34045
54-1887631
(State or other jurisdiction
(Commission
(I.R.S. Employer
of incorporation)
File Number)
Identification No.)

 

8730 Stony Point Parkway, Suite 150
Richmond, VA 23235
(Address of Principal Executive Offices) (Zip Code)

(804) 560-4070
(Registrant’s telephone number, including area code)

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:
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))
 
 
 
Item 2.05.  Costs Associated with Exit or Disposal Activities.
 
On August 4, 2009, Colfax Corporation (the “Company”) committed to and announced its plan to close the Company’s plant in Sanford, N.C. (the “Sanford Plant”). At that time, the Company was unable to estimate the amount of any non-cash asset impairment charges related to the building and equipment and was therefore also unable to estimate the total charges expected to be incurred.  The Company obtained an independent, third-party appraisal of the building on October 19, 2009, which provided a basis for estimating the amount of impairment loss to be incurred.  The Company expects to record in the third quarter of 2009 non-cash asset impairment charges totaling approximately $0.5 million.  The total charges related to the Sanford Plant closing are expected to be approximately $2.5 million.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2
 
 
 
 

 
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.
 

 
 
Colfax Corporation
  
     
Date: October 22, 2009
By:
/s/ JOHN A. YOUNG
  
 
Name:
John A. Young
 
Title:
President and Chief Executive Officer
     

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
3