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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): March 26, 2010
MOHAWK INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
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Delaware
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01 13697
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52-1604305 |
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(State or Other
Jurisdiction of
Incorporation)
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(Commission File
Number)
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(IRS Employer
Identification No.) |
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160 South Industrial Blvd., Calhoun, Georgia
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30701 |
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(Address of Principal Executive Offices)
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(Zip Code) |
Registrants telephone number, including area code (706) 629-7721
(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):
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Written communication pursuant to Rule 425 under Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act CFR 240.17R 240.13e-4(c)) |
Item 8.01 Other Events.
Mohawk Industries, Inc. (NYSE: MHK) announced today that, as of 5:00 p.m., New York City time, on
Friday, March 26, 2010, $300,756,000 aggregate principal amount of notes have been validly
tendered and not validly withdrawn in connection with its previously announced cash tender offer to
purchase up to $200,000,000 aggregate principal amount of its outstanding 6.50% senior notes due
2011 (CUSIP No. 608190AG9 and ISIN No. US608190AG93). A copy of the press release is furnished as
Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference in its
entirety.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 Press release dated March 26, 2010.
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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Mohawk Industries, Inc.
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Date: March 26, 2010 |
By: |
/s/ JAMES T. LUCKE
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James T. Lucke |
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Vice President and General Counsel |
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INDEX TO EXHIBITS
Exhibit
99.1. Press release dated March 26, 2010.
exv99w1
Exhibit 99.1
Mohawk Announces Early Tender Results
Of Offer To Purchase
Calhoun, Georgia, March 26, 2010 Mohawk Industries, Inc. (NYSE: MHK) announced today that,
as of 5:00 p.m., New York City time, on Friday, March 26, 2010
(the Early Tender Date), $300,756,000 aggregate principal amount of notes have been validly tendered and not validly withdrawn in
connection with its previously announced cash tender offer to purchase up to $200,000,000 aggregate
principal amount (the Tender Cap) of its outstanding 6.50% senior notes due 2011 (the Notes)
(CUSIP No. 608190AG9 and ISIN No. US608190AG93).
Holders who validly tendered their Notes by the Early Tender Date will receive $1,035.00,
payable in cash, for each $1,000 principal amount of Notes accepted for payment, which amount
includes an early tender payment of $35.00 per $1,000 of Notes accepted for payment.
The tender offer is scheduled to expire at 11:59 p.m., New York City time, on Friday, April 9,
2010, unless extended (the Expiration Date).
Because
the aggregate principal amount of Notes validly tendered at or prior
to the Early Tender Date
and not validly withdrawn pursuant to the Offer exceeds the Tender
Cap, if we accept Notes for
purchase pursuant to the Offer, we will accept such Notes on a pro rata basis (with adjustments
downward to avoid the purchase of Notes in a principal amount other than in integral multiples of
$1,000).
In addition to the consideration described above, accrued and unpaid interest up to, but not
including, the settlement date will be paid in cash on all validly tendered and accepted Notes. The
settlement date is expected to be on or about April 12, 2010.
Mohawk may amend, extend or, subject to certain conditions, terminate the tender offer. The
Offer to Purchase dated March 15, 2010 and the related Letter of Transmittal set forth a complete
description of the terms and conditions of the tender offer. Holders are urged to read the Offer to
Purchase and Letter of Transmittal carefully before making any decision with respect to the Offer.
The Offer to Purchase and related Letter of Transmittal were distributed to holders beginning March
15, 2010.
Banc of America Securities LLC is serving as the dealer manager for the Offer. Questions
about the Offer should be directed to Banc of America Securities LLC, toll-free at (888) 292-0070
or (980) 388-9217 (collect), attention: Debt Advisory Services. The information agent for the Offer
is D.F. King & Co. Inc. Requests for additional sets of the Offer materials may be directed to D.F.
King & Co. Inc., by calling toll-free at (800) 769-4414 or (212) 269-5550 (collect) for banks and
brokers.
This press release is not an offer to purchase or a solicitation for consent in any state or
jurisdiction in which such offer or solicitation would be unlawful prior to registration or
qualification under the securities law of any such state or other jurisdiction. The Offer is
only made pursuant to the terms of the Offer to Purchase dated March 15, 2010.
Mohawk is a leading supplier of flooring for both residential and commercial applications.
Mohawk offers a complete selection of broadloom carpet, ceramic tile, laminate, wood, stone, vinyl,
rugs and other home products. These products are marketed under the premier brands in the industry,
which include Mohawk, Karastan, Ralph Lauren, Lees, Bigelow, Columbia, Century, Dal-Tile, American
Olean and Quick-Step. Mohawks unique merchandising and marketing assist our customers in creating
the consumers dream. Mohawk provides a premium level of service with its own trucking fleet and
over 250 local distribution locations.
Certain of the statements in the immediately preceding paragraphs, particularly anticipating
future performance, business prospects, growth and operating strategies and similar matters and
those that include the words could, should, believes, anticipates, expects, and
estimates, or similar expressions constitute forward-looking statements. For those statements,
Mohawk claims the protection of the safe harbor for forward-looking statements contained in the
Private Securities Litigation Reform Act of 1995. There can be no assurance that the
forward-looking statements will be accurate because they are based on many assumptions, which
involve risks and uncertainties. The following important factors could cause future results to
differ: changes in economic or industry conditions; competition; raw material and energy costs;
timing and level of capital expenditures; integration of acquisitions; rationalization of
operations; claims; litigation and other risks identified in Mohawks SEC reports and public
announcements.