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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): September 10, 2008
BORGWARNER INC.
(Exact name of registrant as specified in its charter)
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Delaware
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1-12162
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13-3404508 |
(State or other jurisdiction
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(Commission File No.)
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(IRS Employer |
of incorporation)
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Identification No.) |
3850 Hamlin Road, Auburn Hills, Michigan 48326
(Address of principal executive offices) (Zip Code)
Registrants telephone number, including area code: (248) 754-9200
(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 8.01. Other Events
In January 2006, BorgWarner Diversified Transmission Products Inc (DTP), a subsidiary of the
Company filed a declaratory judgment action in United States District Court, Southern District of
Indiana (Indianapolis Division) against the United Automobile, Aerospace, and Agricultural
Implements Workers of America (UAW), Local No. 287 and Gerald Poor, individually and as the
representative of a defendant class. DTP sought the Courts affirmation that DTP did not violate
the Labor-Management Relations Act or the Employee Retirement Income Security Act by unilaterally
amending certain medical plans prior to the expiration of their term in order to reduce the level
of benefits provided to retirees, effective April 1, 2006 and October 1, 2006. On September 10,
2008 the Court found that DTPs reservation of the right to make such amendments was limited by its
health insurance agreement with the UAW and could not be exercised prior to the expiration of that
agreement in April 2009. The Company intends to reduce the level of benefits provided to the
retirees following expiration of the health insurance agreement in April 2009. The Company
estimates that the Courts decision will result in a charge of approximately $3 million to $4
million in the third quarter 2008.
On September 11, 2008, the hourly employees at the Companys Ithaca and Cortland, New York
facilities, represented by the International Brotherhood of Teamsters, ratified a new four-year
collective bargaining agreement effective September 1, 2008.
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.
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BORGWARNER INC.
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Date: September 26, 2008 |
By: |
/s/
John Gasparovic |
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Name: John Gasparovic |
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Its: Secretary |
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