BRUNSWICK CORP

Regulatory Filings • May 13, 2008

8-K 1 form8_k.htm FORM 8-K NEWS RELEASE form8_k.htm Licensed to: Brunswick Corporation Document Created using EDGARizer 4.0.5.0 Copyright 1995 - 2008 EDGARfilings, Ltd., an IEC company. All rights reserved

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): May 7, 2008

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) |
| --- | --- |
| [
] | 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 May 7, 2008, Brunswick Corporation (“Brunswick”) decided to cease production of its Bluewater Marine boats, including the Sea Pro, Sea Boss, Palmetto and Laguna brands. Brunswick expects to incur pretax charges for facility consolidation, asset impairments and write-downs, closure and severance costs in the range of approximately $25 million to $30 million, substantially all of which will be incurred in the second quarter of 2008.

In connection with these actions, Brunswick expects to incur approximately $18 million of non-cash asset write-downs and impairment charges, approximately $3 million of facility closure charges and between $4 million and $9 million of other costs associated with discontinuing production of these brands.

The news release announcing these actions is furnished as Exhibit 99.1 and incorporated herein by reference.

Statements made in this Current Report on Form 8-K that are forward-looking involve risks and uncertainties and are indicated by words such as "estimates," "expects" and other similar words or phrases. These uncertainties include, but are not limited to, the execution of the restructuring plan, economic conditions and other risks described in filings with the SEC such as Brunswick's most recent Forms 10-K and 10-Q.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

99.1 News Release dated May 13, 2008 of Brunswick Corporation, announcing its decision to cease production of its Bluewater Marine boats.

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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.

| /s/ ALAN
L. LOWE |
| --- |
| Name : Alan L. Lowe |
| Title : Vice President and
Controller |

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EXHIBIT INDEX

| Exhibit
No. | Description of
Exhibit |
| --- | --- |
| 99.1 | News
Release dated May 13, 2008 of Brunswick Corporation, announcing its
decision to cease production of its Bluewater Marine
boats. |

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