UNITED STATES
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): June 13, 2006
Simpson Manufacturing Co., Inc.
(Exact name of registrant as specified in its charter)
Delaware |
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0-23804 |
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94-3196943 |
(State or other jurisdiction |
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(Commission |
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(I.R.S. Employer |
of incorporation) |
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file number) |
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Identification No.) |
5956 W. Las Positas Blvd., Pleasanton, CA 94588
(Address of principal executive offices)
(Registrants telephone number, including area code): (925) 560-9000
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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-2)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240. 13e-4(c))
Item 2.01 Completion of Acquisition or Disposition of Assets
On June 15, 2006, Simpson Manufacturing Co., Inc. (the Company) completed the purchase of a building from Vacaville Investors, a related party (See Item 2, Item 8 (Note 9) and Item 13 of the Companys Annual Report on Form 10-K for the year ended December 31, 2005, which are incorporated herein by reference), for approximately $6.5 million in cash. The purchase price was based on the appraised value, the remaining rent that would have accrued under the lease and the estimated cost that the Company would have incurred for relocation. The building is approximately 125,000 square feet and is occupied by the Companys subsidiary, Simpson Dura-Vent Company, Inc. The transaction was unanimously approved by the independent members of the Companys Board of Directors.
Item 8.01 Other Events
The Company has completed the purchase of 500,000 shares of its Common Stock for and average price of $34.33 per share. The total cost of the transaction was approximately $17.2 million and was part of the $50 million that the Companys Board of Directors authorized in November 2005 for repurchases of Common Stock. The number of shares is approximately the same as the number of shares that were subject to stock options granted in 2006.
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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 hereunto duly authorized.
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Simpson Manufacturing Co., Inc. |
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(Registrant) |
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DATE: June 16, 2006 |
By |
/s/Michael J. Herbert |
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Michael J. Herbert |
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Chief Financial Officer |
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