- Current report filing (8-K)
August 03 2010 - 4:48PM
Edgar (US Regulatory)
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):
August 3, 2010
STR
Holdings, Inc.
(Exact Name of Registrant as Specified in Charter)
Delaware
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001-34529
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27-1023344
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(State or Other Jurisdiction of
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(Commission File Number)
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(IRS Employer
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Incorporation or Organization)
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Identification No.)
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10 Water Street
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Enfield, Connecticut
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06082
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(Address of principal executive offices)
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(Zip Code)
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Registrants telephone number, including area code: (
860) 749-8371
(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 (see General Instruction A.2. below):
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-12)
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 1.01
Entry into a Material Definitive Agreement.
On
July 30, 2010, Specialized Technology Resources, Inc., a wholly owned
subsidiary of the registrant (STR), entered into a purchase and sale
agreement (the Agreement) with East Windsor Limited Partnership, LLC (Seller),
pursuant to which STR agreed to purchase, and Seller agreed to sell, the
premises located at 96 Newberry Road, East Windsor, CT (the Premises). At
the closing of the transaction, STR has agreed to pay a total of $4.9 million,
of which $100,000 was paid as a refundable deposit upon the signing of the
Agreement. The Premises includes approximately 40 acres and a warehouse
containing approximately 275,000 square feet. The closing of the transactions
contemplated by the Agreement is subject to the satisfaction of certain
conditions, and the Agreement may be terminated by STR at any time prior
to September 30, 2010 (the Contingency Period). During the
Contingency Period, STR will conduct its environmental, structural and title
assessment of the Premises. It is anticipated that the Premises will
be used by STR to house a new, state-of-the-art research and
development facility and a production facility to manufacture encapsulant for
solar modules. STR anticipates that the closing will occur during
the early fourth quarter of 2010.
Item 9.01
Financial Statements and Exhibits.
(d)
Exhibits
10.1
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Agreement
of Purchase and Sale dated July 30, 2010 by and between East Windsor
Limited Partnership, LLC and Specialized Technology Resources, Inc.
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99.1
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Press
release entitled STR Holdings Announces $19 Million Investment in U.S.
Manufacturing Expansion and Relocation, issued by the Company on
August 3, 2010.
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2
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.
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STR Holdings, Inc.
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Date:
August 3, 2010
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By:
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/s/ Barry A. Morris
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Barry A. Morris
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Executive Vice President and Chief Financial
Officer
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3
EXHIBIT INDEX
Exhibit No.
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Description
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10.1
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Agreement
of Purchase and Sale dated July 30, 2010 by and between East Windsor
Limited Partnership, LLC and Specialized Technology Resources, Inc.
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99.1
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Press
release entitled STR Holdings Announces $19 Million Investment in U.S.
Manufacturing Expansion and Relocation, issued by the Company on August 3,
2010.
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4
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