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): | April 29, 2013 |
Ferro Corporation
__________________________________________
(Exact name of registrant as specified in its charter)
Ohio | 1-584 | 34-0217820 |
_____________________ (State or other jurisdiction |
_____________ (Commission |
______________ (I.R.S. Employer |
of incorporation) | File Number) | Identification No.) |
6060 Parkland Boulevard, Mayfield Heights, Ohio | 44124 | |
_________________________________ (Address of principal executive offices) |
___________ (Zip Code) |
Registrants telephone number, including area code: | 216-875-5600 |
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:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.02 Results of Operations and Financial Condition.
On Wednesday, April 24, 2013, Ferro Corporation ("the Company") announced a new segment reporting structure. As part of the Company's value creation strategy, the Company has reorganized its businesses to improve operating efficiencies and better align commercial and manufacturing operations with the markets served. Consequently, the Company will now report under a structure that reflects how performance of its businesses is evaluated, strategic decisions are made and resources are allocated. With the new structure, the Company will have five reporting segments:
1. Pigments, Powders and Oxides
2. Performance Colors and Glass
3. Performance Coatings
4. Polymer Additives
5. Specialty Plastics
In conjunction with the changes to reportable segments, the Company also changed the profitability metric used by management to evaluate segment performance to segment gross profit.
For informational purposes, included in Exhibit 99.1 to this Current Report on Form 8-K are historical unaudited business segment reporting information adjusted to reflect the new segment reporting structure.
Item 9.01 Financial Statements and Exhibits.
Exhibit 99.1: Table of Adjusted Segment Results
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.
Ferro Corporation | ||||
April 29, 2013 | By: |
Jeffrey L. Rutherford
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Name: Jeffrey L. Rutherford | ||||
Title: Vice President and Chief Financial Officer |
Exhibit Index
Exhibit No. | Description | |
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99.1
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Table of Adjusted Segment Results |