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

Show all filings for XERIUM TECHNOLOGIES INC



Costs Associated with Exit or Disposal Activities, Financial Statements a

Item 2.05 Costs Associated with Exit or Disposal Activities.

On November 14, 2012, Xerium Technologies, Inc. (the "Company") announced that it had initiated consultation proceedings with its works council at its forming fabric facility in Reutlingen, Germany regarding a proposal to eliminate a significant number of positions in an effort to address the Company's cost structure. Because the proposal is subject to consultation and negotiation with the local works council, the Company is unable to reasonably estimate the costs that it would expect to incur in connection with the proposed action or when the proposed action will be complete.

Certain of the above statements regarding employee reductions constitute "forward-looking statements." These statements are protected by the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. There can be no assurance that these forward-looking statements will be accurate since they are based on many assumptions which involve risks and uncertainties, both known and unknown. The following important factors could cause the estimated employee reductions to differ: changes in economic or industry conditions; issues arising from rationalization of operations; prolonged negotiations with the works council and other risks identified in the Company's Securities and Exchange Commission reports and public announcements. Any forward-looking statements included in this report are as of the date made and the Company does not intend to update them if its views later change. These forward-looking statement should not be relied upon as representing the Company's views as of any date subsequent to the date of this report.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

The following exhibits are filed herewith.

Exhibit No. Description
99.1 Press release dated November 14, 2012.

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