Business Context and Reporting Period
This Form 8-K filing by EnerSys (Commission File No. 1-32253) was submitted on August 22, 2007, with a report date of August 31, 2007. The filing addresses "Other Events" under Item 8.01, specifically detailing the adoption of Rule 10b5-1 trading plans by certain executive officers during the period of August 22, 2007, through August 31, 2007.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is strictly procedural regarding insider trading plans and contains no financial performance data.
Material Changes
There are no material changes to financial performance or operations reported in this document. The only material event disclosed is the establishment of pre-arranged trading plans for specific executives.
Guidance, Outlook, and Management Commentary
The filing states that the trading plans comply with the Company's insider trading policy and are intended to comply with Rule 10b5-1 under the Securities Exchange Act of 1934. Additionally, the plans meet restrictions set forth in the 2004 Securityholder Agreement. No forward-looking guidance or outlook regarding business operations is provided.
Executive Trading Plans
| Executive Officer | Title | Security Type | Plan Period |
|---|---|---|---|
| John D. Craig | Chairman, President and CEO | Options | September 22, 2007 to August 22, 2008 |
| Michael T. Philion | EVP and CFO | Shares and Options | October 1, 2007 to May 23, 2008 |
| Richard W. Zuidema | EVP - Administration | Options | October 1, 2007 to May 25, 2008 |
| John A. Shea | EVP - Americas | Shares | October 1, 2007 to October 1, 2008 |
| Raymond R. Kubis | President EnerSys Europe | Options | October 1, 2007 to March 31, 2008 |
| Michael J. Schmidtlein | VP, Controller and CAO | Options | October 1, 2007 to June 1, 2008 |
Important Facts for Investors to Verify
- Verify the specific minimum price thresholds and other terms and conditions within the trading plans, as these details are referenced but not explicitly listed in the summary text.
- Confirm the total number of shares or options covered by each executive's plan, as the filing does not disclose specific quantities.
- Review the 2004 Securityholder Agreement (Exhibit 4.2 to Amendment No. 4 to Form S-1) to understand the specific sales restrictions referenced.