Attached files
| file | filename |
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| EX-99.1 - EX-99.1 - SPX CORP | a13-25649_2ex99d1.htm |
| EX-10.1 - EX-10.1 - SPX CORP | a13-25649_2ex10d1.htm |
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): December 3, 2013
SPX CORPORATION
(Exact Name of Registrant as specified in Charter)
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Delaware |
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1-6948 |
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38-1016240 |
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(State or Other Jurisdiction of |
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(Commission File Number) |
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(I.R.S. Employer |
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Incorporation) |
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Identification No.) |
13320 Ballantyne Corporate Place
Charlotte, North Carolina28277
(Address of Principal Executive Offices) (Zip Code)
Registrant’s telephone number, including area code (704) 752-4400
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:
oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
ITEM 1.01.ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On December 3, 2013, SPX Corporation (the “Company”), SPX Holding, Inc., a subsidiary of the Company, (together with the Company, “SPX”), EGS Electrical Group LLC (“EGS LLC”), and Emerson Electric Co. (“Emerson”), entered into a definitive agreement (the “Agreement”) pursuant to which SPX has agreed to sell its joint venture interest in EGS LLC to Emerson for a cash price equal to $571 million. The Company announced this action in a press release, a copy of which is filed as an exhibit to this Current Report on Form 8-K and incorporated by reference into this Item 1.01.
This sale is subject to normal closing conditions and regulatory approvals and is expected to be completed in the first quarter of 2014.
The foregoing description of the Agreement should be read in conjunction with the Agreement, a copy of which is filed as an exhibit to this Current Report on Form 8-K and incorporated by reference into this Item 1.01.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
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Exhibit No. |
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Description |
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10.1 |
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Limited Liability Company Interest Purchase Agreement, dated December 3, 2013, by and among EGS Electrical Group LLC, Emerson Electric Co., SPX Corporation, and SPX Holding, Inc. |
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99.1 |
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Press release issued December 4, 2013 |
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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SPX CORPORATION | |
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Date: December 4, 2013 |
By: |
/s/ Jeremy W. Smeltser |
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Jeremy W. Smeltser |
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Vice President and Chief Financial Officer |