Form 8-K for NN, Inc.
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) May 2, 2003
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NN, Inc.
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(Exact name of registrant as specified in its charter)
DELAWARE 0-23486 62-1096725
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
2000 Waters Edge Drive, Johnson City, Tennessee 37604
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (423) 743-9151
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Not applicable
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(Former name or former address, if changed since last report)
Item 5. Other Events
On February 11, 2003, the Securities and Exchange Commission (the
"Commission") declared effective the Registration Statement on Form S-3 of NN,
Inc. (the "Company") (Registration No. 333-100119) relating to (i) the proposed
public offering of up to an aggregate of $36,000,000 of the Company's common
stock, par value $.01 per share (the "Common Stock"), that may be offered and
sold by the Company, and (ii) the proposed resale by certain beneficial owners
of up to an aggregate of 4,033,749 shares of Common Stock.
The Company has filed with the Commission a prospectus, consisting of a
prospectus supplement dated May 2, 2003, together with a base prospectus
dated February 11, 2003, which relates to the Company's sale of 700,000 shares
of its Common Stock. The shares will be sold directly to a single investor, AB
SKF, for $8.84 per share. The Company expects to receive approximately $6.2
million in net proceeds from the offering.
In order to furnish certain exhibits for incorporation by reference
into the Registration Statement, the Company is filing an opinion the Company
received from its counsel regarding the validity of the shares to be sold
pursuant to the prospectus.
Item 7. Financial Statements and Exhibits.
(c) EXHIBITS. The following exhibits are filed herewith:
5.1 Opinion of Blackwell Sanders Peper Martin LLP regarding legality.
23.1 Consent of Blackwell Sanders Peper Martin LLP (included in Exhibit 5.1)
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.
Date: May 2, 2003
NN, INC.
By: /s/ William C. Kelly, Jr.,
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William C. Kelly, Jr.,
Treasurer, Secretary and Chief
Administrative Officer