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): January 29, 2010
FLOWSERVE CORPORATION
(Exact Name of Registrant as Specified in its Charter)
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| New York
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1-13179
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31-0267900 |
(State or Other Jurisdiction
of Incorporation)
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(Commission File Number)
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(IRS Employer
Identification No.) |
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| 5215 N. O’Connor Blvd., Suite 2300, Irving, Texas
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75039 |
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(Zip Code) |
(972) 443-6500
(Registrant’s telephone number, including area code)
N/A
(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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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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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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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 January 29, 2010, Flowserve Corporation, a New York corporation (the “Company”), issued a
press release announcing bookings for the fourth quarter and year ended December 31, 2009 and
reporting backlog at December 31, 2009. The Company also announced its expected 2009 earnings per
share as being at or above the high end of its previously announced target range. In addition, the
Company announced its expected 2010 earnings per share target range. The Company confirmed its
previously announced plans to announce its fourth quarter and full year 2009 financial results on
February 24, 2010 and hold its conference call on Thursday, February 25. A copy of the
aforementioned press release is attached hereto as Exhibit 99.1 and incorporated herein by
reference.
The information in this Current Report on Form 8-K furnished under this Item 2.02, including
Exhibit 99.1 hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities
Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liability of that Section,
and shall not be incorporated by reference in any filing under the Securities Act of 1933 or the
Exchange Act except as expressly set forth by specific reference in such filing.
Item 8.01 Other Events.
On January 29, 2010, the Company announced as part of its ongoing strategy to drive an
enhanced customer-facing organization that its Flowserve Pump Division and the Flow Solutions
Division have been strategically integrated into the new Flow Solutions Group (“FSG”), effective
January 1, 2010. FSG has been further divided into two reportable segments based on type of
product: Engineered and Industrial. The new FSG will be led by Tom Ferguson, senior vice president
and president of FSG, and the former president of the Flowserve Pump Division. Andy Beall, the
former president of the Flow Solutions Division and Chief Information Officer, previously announced
his retirement from the Company effective April 1, 2010.
The division reorganization described above had no effect on the Company’s reportable segments
in 2009. Beginning in the first quarter of 2010, the Company will report its financial information
reflecting three reporting segments consisting of FSG Engineered, FSG Industrial and the existing
Flow Control Division, which remains unchanged.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
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| Exhibit No. |
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Description |
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99.1
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Press Release, dated January 29, 2010. |