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): SEPTEMBER 29, 2000
BREED TECHNOLOGIES, INC.
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(Exact Name of Registrant as Specified in its Charter)
DELAWARE 1-11474 22-2767118
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(State or Other Jurisdiction (Commission File Number) (IRS Employer
Incorporation) Identification
Number)
5300 OLD TAMPA HIGHWAY, LAKELAND, FLORIDA 33811
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (863) 668-6000
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ITEM 5. OTHER EVENTS.
On September 29, 2000, BREED Technologies, Inc. (the "Company") filed
an amended plan of reorganization (the "Amended Plan of Reorganization") with
the United States Bankruptcy Court for the District of Delaware (the "Court") in
its pending voluntary bankruptcy proceeding with the Court under Chapter 11 of
the United States Bankruptcy Code. Under the Amended Plan of Reorganization, all
of the Company's currently outstanding common stock will be cancelled. The
Company issued a press release on September 28, 2000 announcing it's intention
to file its plan. In addition, the Company stated in its press release that John
Riess, a member of the Company's Board of Directors, was named Chief Executive
Officer in replacement of Johnnie Cordell Breed, and that Charles J.
Speranzella, Jr., the Company's Vice Chairman, President, and Chief Operating
Officer, would be leaving the Company. However, Mr. Speranzella has agreed to
the request of the Company's Board of Directors to remain with the Company for a
period of transition. A copy of the press release is attached hereto as Exhibit
99.1.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Not Applicable
(b) Not Applicable
(c) Exhibits required by Item 601 of Regulation S-K
EXHIBIT NO. DESCRIPTION
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99.1 Press release regarding filing of the Amended Plan of
Reorganization with the Court.
Page 2 of 3
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SIGNATURE
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.
BREED TECHNOLOGIES, INC.
Date: October 5, 2000 By: /s/ PATRICK J. O'MALLEY
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Patrick J. O'Malley
CHIEF FINANCIAL OFFICER
Page 3 of 3
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EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
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99.1 Press release regarding filing of the Amended Plan of
Reorganization with the Court.
