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
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report: January 30, 2003
BUTLER MANUFACTURING COMPANY
Butler Manufacturing Company
1540 Genessee Street
Kansas City, Missouri 64102
Phone (816) 968-3000
Incorporated in the State of Delaware
Commission File No. 001-12335
I.R.S. Employer Identification Number: 44-0188420
ITEM 5. JURY AWARD
On October 15, 2002, a McLeod County Minnesota District Court Jury awarded
Butler Manufacturing Company $29.6 million for its Lester Building business in
its suit against Louisiana-Pacific Corporation. The suit pertained to
Louisiana-Pacific's Inner-Seal siding product. The award compensates the Company
for damages and other losses resulting from product purchased by the Company and
sold to its dealers.
On January 27, 2003, the District Court of McLeod County, Minnesota, entered a
final judgment in the amount of $20.1 million after ruling on post trial
motions. The final judgment excluded $11.2 million of the jury's original award
as a result of a permanent injunction entered by the U.S. District Court for the
District of Oregon, enjoining the Minnesota state court from entering judgment
in the sum of $11.2 million. Lester has appealed the Oregon Court's injunction
to the U.S. Ninth Circuit Court of Appeals. The final judgment included an
additional award of $1.7 million for interest and costs.
The Company is unable to estimate the impact the award may have on its financial
condition or results of operations at this time. However, if the entire award is
paid, the Company believes it will recognize approximately $15 million pretax as
income for damages and recovery of prior costs in the period in which the award
is paid. The trial court's judgment is subject to appeal, which could delay
payment and result in affirmation, modification or reversal of the award.
SIGNATURES
Pursuant to the requirement of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
BUTLER MANUFACTURING COMPANY
January 30, 2003 /s/ Larry C. Miller
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Date Larry C. Miller
Vice President - Finance,
and Chief Financial Officer
January 30, 2003 /s/ John W. Huey
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Date John W. Huey
Vice President, General Counsel
and Secretary