UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 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): May 7, 2008
BRUNSWICK
CORPORATION
(Exact
Name of Registrant Specified in Charter)
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Delaware
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001-01043
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36-0848180
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||
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(State
or Other
Jurisdiction
of
Incorporation)
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(Commission
File
Number)
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(I.R.S.
Employer
Identification
No.)
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1
N. Field Court
Lake
Forest, Illinois
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60045-4811
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(Address
of Principal Executive Offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code: (847) 735-4700
(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:
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[
]
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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[
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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[
]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240, 14d-2(b))
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[
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240, 13e-4(c))
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Item
2.05 Costs
Associated with Exit or Disposal Activities
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On May 7, 2008, Brunswick Corporation
(“Brunswick”) decided to cease production of its Bluewater Marine boats,
including the Sea Pro, Sea Boss, Palmetto and Laguna
brands. Brunswick expects to incur pretax charges for facility
consolidation, asset impairments and write-downs, closure and severance costs in
the range of approximately $25 million to $30 million, substantially all of
which will be incurred in the second quarter of 2008.
In
connection with these actions, Brunswick expects to incur approximately $18
million of non-cash asset write-downs and impairment charges, approximately
$3 million of facility closure charges and between $4 million and $9
million of other costs associated with discontinuing production of these
brands.
The news
release announcing these actions is furnished as Exhibit 99.1 and incorporated
herein by reference.
Statements made in this Current Report
on Form 8-K that are forward-looking involve risks and uncertainties and are
indicated by words such as "estimates," "expects" and other similar words or
phrases. These uncertainties include, but are not limited to, the execution of
the restructuring plan, economic conditions and other risks described in filings
with the SEC such as Brunswick's most recent Forms 10-K and
10-Q.
Item
9.01 Financial Statements
and Exhibits.
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(d)
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Exhibits.
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99.1
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News
Release dated May 13, 2008 of Brunswick Corporation, announcing its
decision to cease production of its Bluewater Marine
boats.
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SIGNATURE
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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BRUNSWICK
CORPORATION
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Dated:
May 13, 2008
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By:
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/s/ ALAN L. LOWE | |
| Name: Alan L. Lowe | |||
| Title: Vice President and Controller | |||
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EXHIBIT
INDEX
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Exhibit
No.
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Description of
Exhibit
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99.1
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News
Release dated May 13, 2008 of Brunswick Corporation, announcing its
decision to cease production of its Bluewater Marine
boats.
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