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) December 15, 2000
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THE BLACK & DECKER CORPORATION
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(Exact name of registrant as specified in its charter)
Maryland 1-1553 52-0248090
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(State of Incorporation) (Commission File Number) (I.R.S. Employer
Identification Number)
701 East Joppa Road, Towson, Maryland 21286
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 410-716-3900
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Not Applicable
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
On December 15, 2000, the Corporation announced lower earnings expectations for
the fourth quarter of 2000 and for 2001. Attached to this Current Report on Form
8-K as Exhibit 99 is a copy of the Corporation's related press release dated
December 15, 2000.
FORWARD-LOOKING STATEMENTS
This Current Report on Form 8-K includes statements that constitute
"forward-looking statements" within the meaning of Section 27A of the Securities
Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and that are
intended to come within the safe harbor protection provided by those sections.
By their nature, all forward-looking statements involve risks and uncertainties.
Actual results may differ materially from those contemplated by the
forward-looking statements for a number of reasons, including but not limited
to:
o further economic slowing in North America and Europe;
o unforeseen difficulty in maintaining mutually beneficial relationships with
key distributors or penetrating new channels of distribution;
o market acceptance of the new products introduced in 2000 and scheduled for
introduction in 2001, as well as the level of sales generated from these new
products relative to expectations, based on the existing investments in
productive capacity and commitments of the Corporation to fund advertising and
product promotions in connections with the introduction of these new products;
o adverse changes in currency exchange rates or raw material commodity prices,
both in absolute terms and relative to competitors' risk profiles;
o unforeseen inventory adjustments by major customers and the resultant impact
on manufacturing volumes;
o increased competition;
o price reductions taken by the Corporation in order to drive demand that may
not result in anticipated sales levels;
o inability to achieve projected levels of efficiencies and cost reduction
measures;
o delays in or unanticipated inefficiencies resulting from manufacturing and
administrative reorganization actions in progress or contemplated; and
o economic uncertainty in Asia and Latin America.
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THE BLACK & DECKER CORPORATION
S I G N A T U R E S
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.
THE BLACK & DECKER CORPORATION
By /s/ CHRISTINA M. MCMULLEN
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Christina M. McMullen
Vice President and Controller
