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): September 9, 2002
H.B. Fuller Company
(Exact name of registrant as specified in its charter)
Minnesota 001-09225 41-0268370
(State of Incorporation) (Commission file number) (I.R.S. Employer
Identification No.)
1200 Willow Lake Boulevard, St. Paul, Minnesota 55110-5101
(Address of principal executive offices) (Zip Code)
(651) 236-5900
(Registrant's telephone number, including area code)
Item 5. Other Events
In the first quarter of fiscal 2002 and in connection with the current year
restructuring initiatives (See Note 4, "Restructuring Related Costs"), the
Company fundamentally changed its management structure and philosophy of how its
global adhesives operations were to be managed from an autonomous geographic
regions perspective to a combined global operations perspective, focused on
managing adhesive products and markets on a worldwide basis. These primary
markets include adhesives for: packaging, assembly (woodworking, appliances,
etc.), converting, non-woven, automotive, graphic arts and footwear. In
addition, the Company reorganized its management structure to manage these
adhesives markets on a global basis. In this regard, the adhesives operations
now have a newly created global manager who is responsible for the global
adhesives operations and also have newly created positions responsible for
global procurement and supply chain management, sales and product line
management and manufacturing. The Company's management reporting has also been
modified to report and measure results, as well as reward performance of the
adhesives operations on a global basis.
Because of these fundamental changes, effective in 2002, the Company has changed
its segment reporting to present its adhesives operations globally. The Company
will continue to report its specialty chemical product lines in a separate
segment entitled Full-Valu/Specialty. Certain product lines previously included
in the adhesives geographic business have been repositioned and are now included
as a component of the Full-Valu/Specialty operating segment.
The segment information shown in Note 22 - "Operating Segment Information" in
the Notes to Consolidated Financial Statements contained in the Company's Annual
Report on Form 10-K for the year ended December 1, 2001, has been reclassified
to reflect the segment information in accordance with this new management
structure. The consolidated financial statements as of December 1, 2001 and
December 2, 2000 and for each of the three years in the period ended December 1,
2001 have been reissued to give effect of this change in operating segments and
are included as an exhibit to Item 7 of this Report on Form 8-K. In addition,
the Company has modified its Management Discussion and Analysis (MD & A) to
reflect the repositioning of certain product lines between adhesives and
Full-Valu/Specialty. This modified MD & A is also included as an exhibit to Item
7 of this Report on Form 8-K.
Item 7. Financial Statements and Exhibits
(c) Exhibits
See index to Exhibits at Page 3 for a list of exhibits included herewith.
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.
H.B. FULLER COMPANY
Date: September 16, 2002
By: /s/ Raymond A. Tucker
---------------------------------------
Raymond A. Tucker, Senior Vice President,
and Chief Financial Officer
Index to Exhibits
Exhibit No. Description Location
----------- ----------- --------
13 Annual Report on Form 10-K for the Year Ended *
December 1, 2001
23 Consent of Independent Accountants *
* Filed herewith