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XIDE > SEC Filings for XIDE > Form 8-K on 25-Apr-2013All Recent SEC Filings

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Other Events

Item 8.01 Other Events.

Exide Technologies (the "Company") has received an order dated April 24, 2013 (the "Order") from the California Department of Toxic Substances Control ("DTSC") requiring the Company to suspend operations at its Vernon, California secondary lead recycling facility. The Vernon facility provides a significant portion of the Company's domestic lead requirements. The DTSC alleges that the Company's underground stormwater system is not in compliance with State of California requirements and alleges the Company's furnace emissions are not meeting applicable DTSC health risk standards. The Company intends to comply with the Order and suspend operations while evaluating its legal and regulatory remedies. At the present time, the Company is unable to determine how long the suspension of operations at the Vernon facility will last or whether the suspension will have a material impact on the Company's consolidated results or operations. The Company is evaluating its ability to purchase lead on the open market and seeking to negotiate tolling arrangements with third party lead recyclers to provide some or all of the lead requirements otherwise sourced from the Vernon facility.

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