U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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) December 15, 2008
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GREATBATCH, INC.
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(Exact name of registrant as specified in its charter)
Delaware 1-16137 16-1531026
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
10000 Wehrle Drive, Clarence, New York 14031
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (716) 759-6901
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Not Applicable
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(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:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425).
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240 14a-12).
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b)).
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c)).
Item 2.04 Triggering Events That Accelerate or Increase a Direct Financial
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Obligation or an Obligation under an Off-Balance Sheet Arrangement.
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On December 15, 2008 and December 16, 2008, Greatbatch, Inc. (the
"Company") entered into privately negotiated agreements under which
it repurchased $21.8 million in aggregate principal amount of its
outstanding $1,000 par value, 2 1/4% Convertible Subordinated
Debentures dated May 2003 and due June 2013 (the "Debentures") at
$845.38 per $1,000 of principal. The primary purpose of this
transaction was to retire the Debentures, which contained a put
option exercisble on June 15, 2010, at a discount. These
transactions were funded with availability under the Company's
existing $235 million line of credit at an interest rate of
approximately 3.2% which is fixed for 6 months and will vary with
the LIBOR index thereafter. These transactions were treated as an
extinguishment of debt for accounting purposes and resulted in a
pre-tax gain of approximately $3.2 million, which was recorded in
the fourth quarter of 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, thereunto duly authorized.
Dated: December 17, 2008 GREATBATCH, INC.
By: /s/ Thomas J. Mazza
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Thomas J. Mazza
Senior Vice President and
Chief Financial Officer