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UNITED STATES\n
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SECURITIES AND EXCHANGE COMMISSION\n
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Washington, D.C. 20549\n
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FORM 8-K\n
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CURRENT REPORT\n
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Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934\n
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Date of Report (Date of earliest event reported): September 18, 2007\n
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BRADY CORPORATION\n
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(Exact name of registrant as specified in its charter)
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Commission File Number 1-14959\n
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\n\n\n\n | Wisconsin\n | \n | \n 39-0971239 | \n
\n\n | (State of Incorporation)\n | \n | \n (IRS Employer Identification No.) | \n
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6555 West Good Hope Road
\nMilwaukee, Wisconsin 53223
\n(Address of Principal Executive Offices and Zip Code)\n
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(414) 358-6600
\n(Registrant’s Telephone Number)\n
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the\nfiling obligation of the registrant under any of the following provisions:\n
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o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)\n
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o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)\n
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o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR\n240.14d-2(b))\n
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o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR\n240.13e-4(c))\n
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Item 8.01 OTHER EVENTS.\n
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On September 18, 2007, Brady Corporation issued a press release announcing that its Board of\nDirectors authorized a share buyback program for up to one million shares of the Company’s\nnon-voting Class A Common Stock during its year ending July 31, 2008. As of July 31, 2007, the\nCompany had 50,586,524 Class A Common Shares outstanding. The repurchased shares will be available\nfor use in connection with the Company’s stock-based plans and for other corporate purposes. A\ncopy of the press release is being furnished to the Securities and Exchange Commission as Exhibit\n99 attached herewith and incorporated by reference.\n
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Item 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
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(c) Exhibits.\n
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The following is furnished as an Exhibit to this Report.\n
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\n\n | Exhibit No. | \n | \n Description of Exhibit | \n
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\n\n 99\n | \n | \n Press Release of Brady Corporation, dated September 18, 2007. | \n
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SIGNATURE\n
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Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused\nthis report to be signed on its behalf by the undersigned hereunto duly authorized.\n
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\n\n | | \n BRADY CORPORATION
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\n | Date: September 21, 2007 | \n /s/ David Mathieson\n | \n | \n
\n | | \n David Mathieson
\nSenior Vice President &
\nChief Financial Officer | \n | \n
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EXHIBIT 99\n
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For More Information:
\nInvestor contact: Barbara Bolens 414-438-6940
\nMedia contact: Carole Herbstreit 414-438-6882\n\n
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Confidential Draft\n
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Brady Corporation announces share buyback program\n
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MILWAUKEE (September 18, 2007)—Brady Corporation (NYSE: BRC) today announced that its Board of\nDirectors authorized a share buyback program for up to 1 million shares of the Company’s common\nstock. The share repurchase plan may be implemented from time to time on the open market or in\nprivately negotiated transactions, with repurchased shares available for use in connection with the\nCompany’s stock-based plans and for other corporate purposes.\n
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Brady Corporation is an international manufacturer and marketer of complete solutions that\nidentify and protect premises, products and people. Its products help customers increase safety,\nsecurity, productivity and performance and include high-performance labels and signs, safety\ndevices, printing systems and software, and precision die-cut materials. Founded in 1914, the\ncompany has more than 500,000 customers in electronics, telecommunications, manufacturing,\nelectrical, construction, education, medical and a variety of other industries. Brady is\nheadquartered in Milwaukee and employs more than 8,600 people at operations in the Americas, Europe\nand Asia/Pacific. Brady’s fiscal 2007 sales were approximately $1.363 billion.\n
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More information is available on the Internet at www.bradycorp.com.\n
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Brady believes that certain statements in this news release are “forward-looking statements”\nwithin the meaning of the Private Securities Litigation Reform Act of 1995. All statements related\nto future, not past, events included in this news release, including, without limitation,\nstatements regarding Brady’s future financial position, business strategy, targets, projected\nsales, costs, earnings, capital expenditures, debt levels and cash flows, and plans and objectives\nof management for future operations are forward-looking statements. When used in this news release,\nwords such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “should,”\n“project” or “plan” or similar terminology are generally intended to identify forward-looking\nstatements. These forward-looking statements by their nature address matters that are, to different\ndegrees, uncertain and are subject to risks, assumptions and other factors, some of which are\nbeyond Brady’s control, that could cause actual results to differ materially from those expressed\nor implied by such forward-looking statements. For Brady, uncertainties arise from future\nfinancial performance of major markets Brady serves, which include, without limitation,\ntelecommunications, manufacturing, electrical, construction, laboratory, education, governmental,\npublic utility, computer, transportation; difficulties in making and integrating acquisitions;\nrisks associated with newly acquired businesses; Brady’s ability to retain significant contracts\nand customers; future competition; Brady’s ability to develop and successfully market new products;\nchanges in the supply of, or price for, parts and components; increased price pressure from\nsuppliers and customers; interruptions to sources of supply; environmental, health and safety\ncompliance costs and liabilities; Brady’s ability to realize cost savings from operating\ninitiatives; Brady’s ability to attract and retain key talent; difficulties associated with\nexports; risks associated with international operations; fluctuations in currency rates versus the\nUS dollar; technology changes; potential write-offs of Brady’s substantial intangible assets; risks\nassociated with obtaining governmental approvals and maintaining regulatory compliance for new and\nexisting products; business interruptions due to implementing business systems; and numerous other\nmatters of national, regional and global scale, including those of a political, economic, business,\ncompetitive and regulatory nature contained from time to time in Brady’s U.S. Securities and\nExchange Commission filings, including, but not limited to, those factors listed in the “Risk\nFactors” section located in Item 1A of Part II of Brady’s Annual Report on Form 10-K for the period\nended July 31, 2006. These uncertainties\nmay cause Brady’s actual future results to be materially different than those expressed in its\nforward-looking statements. Brady does not undertake to update its forward-looking statements.\n
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