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): August 4, 2009
Colfax
Corporation
(Exact
name of registrant as specified in its charter)
Delaware
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001-34045
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54-1887631
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(State
or other jurisdiction
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(Commission
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(I.R.S.
Employer
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of
incorporation)
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File
Number)
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Identification
No.)
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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:
r
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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r
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Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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r
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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r
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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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”). The Sanford Plant is scheduled to be closed by the end of
the year. The Company expects to recognize cash expenses related to
the closure of approximately $2.3 million, which consists of severance and other
employee termination-related costs of approximately $1.1 million and employee
and equipment relocation costs of approximately $1.2 million. The Company
anticipates recognizing these charges in 2009. These costs are
estimates and may vary based on numerous factors, including the timing of the
Sanford Plant closing and changes from management's assumptions and
projections. The Company may incur non-cash asset impairment charges
related to the building and equipment in the third quarter of 2009. The amount
of any such non-cash asset impairment charges cannot currently be estimated and,
as a result, the Company is unable to estimate the total charges it expects to
incur at this time. A copy of the Press Release announcing the plan
to close the Sanford Plant is appended to this report as Exhibit 99.1 and is
incorporated herein by reference.
Item
9.01. Financial Statements and Exhibits.
(d) Exhibits
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99.1
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Colfax
Corporation press release dated August 4, 2009, announcing the plan to
close the Sanford Plant.
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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.
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Colfax
Corporation
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|
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Date: August
4, 2009
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By:
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/s/
JOHN A. YOUNG
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Name:
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John
A. Young
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Title:
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President
and Chief Executive Officer
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EXHIBIT
INDEX
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99.1
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Colfax
Corporation press release dated August 4, 2009, announcing the plan to
close the Sanford Plant.
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