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MTOR > SEC Filings for MTOR > Form 8-K on 14-Nov-2012All Recent SEC Filings

Show all filings for MERITOR INC

Form 8-K for MERITOR INC


14-Nov-2012

Results of Operations and Financial Condition


Item 2.02. Results of Operations and Financial Condition
On November 14, 2012, Meritor, Inc. ("Meritor") issued a press release and will hold a conference call regarding its financial results for the fourth quarter and fiscal year ended September 30, 2012. The release is furnished as Exhibit 99a to this Form 8-K. The presentation by Meritor accompanying the above-referenced conference call will be posted on the Meritor website (www.meritor.com).
The information in item 2.02 of this Form 8-K and the exhibit attached hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities of that section, nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. Item 2.05. Costs Associated with Exit or Disposal Activities On November 8, 2012, the Board of Directors of Meritor, Inc. approved a global restructuring plan intended to reduce labor and other fixed costs in response to market conditions.
As part of these actions, the Company expects to eliminate approximately 450 salaried and hourly positions, the majority of which are outside the United States, and to close one remanufacturing plant in Canada. The Company currently estimates cash expenditures of approximately $18 million will be incurred over the next 2 years in connection with these actions. The estimated charges include approximately $13 million of employee severance costs, with the remainder related to plant closure costs.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits 99a - Press release of Meritor, Inc., dated November 14, 2012


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