Arcelor8-K


 
 

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 AND EXCHANGE ACT OF 1934


Date of Report (Date of earliest event reported): February 19, 2013 (February 14, 2013)

WESCO International, Inc.
(Exact name of registrant as specified in its charter)

Commission file number 001-14989
         
Delaware
 
25-1723342
(State or other jurisdiction of incorporation or organization)
 
(IRS Employer Identification No.)
 
 
 
225 West Station Square Drive
 
 
Suite 700
 
 
Pittsburgh, Pennsylvania 15219
 
(412) 454-2200
(Address of principal executive offices)
 
(Registrant’s telephone number, including area code)


N/A
(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 8.01. Other Events.

As previously reported, WESCO International, Inc. (the “Company”), through its wholly owned subsidiary, WESCO Distribution, Inc., is a defendant in a lawsuit in Indiana state court in which a customer, ArcelorMittal Indiana Harbor, Inc. (“AIH”), alleges that the Company sold defective products to AIH in 2004 that were supplied to the Company by others.  The lawsuit sought monetary damages in the amount of approximately $50 million.  On February 14, 2013, the jury returned a verdict in favor of AIH and awarded damages in the amount of approximately $36 million. The Company plans to record the impact of this judgment in the financial statements for the period ended December 31, 2012.  The Company, however, disputes this outcome and intends to appeal the judgment on the verdict. The Company has submitted the claims to its insurance carriers. This verdict does not affect the Company’s ability to execute its strategic plan and initiatives.





    





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.
WESCO INTERNATIONAL, INC.
By:     /s/ Kenneth S. Parks                
Kenneth S. Parks
Vice President and Chief Financial Officer

Dated: February 19, 2013