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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 7, 2007
ESCO TECHNOLOGIES INC.
(Exact Name of Registrant as Specified in Charter)
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Missouri
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1-10596
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43-1554045 |
(State or Other
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(Commission
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(I.R.S. Employer |
Jurisdiction of Incorporation)
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File Number)
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Identification No.) |
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9900A Clayton Road, St. Louis, Missouri
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63124-1186 |
(Address of Principal Executive Offices)
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(Zip Code) |
Registrants telephone number, including area code: 314-213-7200
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
240.113d-4 (c))
ITEM 7.01 REGULATION FD DISCLOSURE
Today, November 7, 2007, the Registrant is issuing a press release announcing its signing of a
definitive stock purchase agreement to acquire all of the outstanding shares of Doble Engineering
Company (Doble), headquartered in Watertown, Massachusetts, for $319 million in cash, subject to
working capital adjustments. Doble is a provider of diagnostic test equipment and related
consulting services to the electric utility industry worldwide. The transaction is expected to be
consummated by December 31, 2007, subject to Hart-Scott-Rodino Act clearance. The Registrant will
conduct a related audio webcast conference call Wednesday, November 7, 2007 at 8:00 a.m. central
time. This press release and the presentation charts which will accompany the audio webcast are
furnished herewith as Exhibits 99.1 and 99.2, respectively, and will be posted on the Registrants
website located at http://www.escotechnologies.com. The press release can be viewed through the
Investor Relations page of the website under the tab Press Releases, and the presentation
charts can be viewed directly by clicking the Doble Acquisition Presentation link, although the
Registrant reserves the right to discontinue the availability of either at any time.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits
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Exhibit No. |
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Description of Exhibit |
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99.1
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Press Release dated November 7, 2007 |
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99.2
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Presentation Charts posted on Registrants website as of November 7, 2007 |
Statements in Exhibits 99.1 and 99.2 regarding the timing and certainty of the acquisition of
Doble, the immediate and long term financial impacts and results of the Doble acquisition, the
success of Doble and the Registrant to address additional markets and opportunities, the
Registrants ability to address the future needs of utilities, increases in shareholder value and
other statements contained therein which are not strictly historical are considered
forward-looking statements within the meaning of the safe harbor provisions of the federal
securities laws. Investors are cautioned that such statements are only predictions, and speak only
as of the date of this Form 8-K, and the Registrant undertakes no duty to update. The Registrants
actual results in the future may differ materially from those projected in the forward-looking
statements due to risks and uncertainties that exist in the Registrants operations and business
environment including, but not limited to: failure to obtain necessary government approvals,
material changes in the Doble business impacting the closing of the transaction, technical
difficulties, competition, changes in customer demands, intellectual property rights, the
Registrants successful execution of internal operating plans, the Registrants success in
integrating Doble and its subsidiaries, successful negotiation of a new Senior Credit Facility with
the Registrants lenders and the risk factors identified in Item 1A of the Registrants Annual
Report on Form 10-K for the fiscal year ended September 30, 2006 and Part II, Item 1A of the
Registrants Form 10-Q for the quarter ended June 30, 2007.
OTHER MATTERS
The information in this report, including Exhibits 99.1 and 99.2, shall not be deemed to be filed
for purposes of Section 18 of the Securities Exchange Act of 1934 as amended (Exchange Act) or
otherwise subject to the liabilities of that section, unless the Registrant incorporates it by
reference into a filing under the Securities Act of 1933 as amended or the Exchange Act.
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.
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ESCO TECHNOLOGIES INC.
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Dated: November 7, 2007 |
By: |
/s/ G.E. Muenster
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G.E. Muenster |
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Senior Vice President and Chief Financial Officer |
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EXHIBIT INDEX
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Exhibit No. |
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Description of Exhibit |
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99.1
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Press Release dated November 7, 2007 |
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99.2
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Presentation Charts posted on Registrants website as of November 7, 2007 |