SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported): February 25, 2011 (February 25, 2011)
SPECTRUM BRANDS, INC.
(Exact name of registrant as specified in its charter)
601 Rayovac Drive
Madison, Wisconsin 53711
(Address of principal executive offices)
(Registrants telephone number, including area code)
(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):
Spectrum Brands, Inc. (the Company) is filing this Current Report on Form 8-K (this Report) to recast its audited consolidated financial statements that were initially filed with the United States Securities and Exchange Commission (the SEC) on December 14, 2010, in the Companys Annual Report on Form 10-K for the fiscal year ended September 30, 2010 (the 2010 10-K) to reflect the realignment of its reporting segment structure.
This Report updates the financial periods presented in Item 1 in Part I, Items 6, 7, 7A and 8 in Part II and Item 15 in Part IV of the 2010 10-K to reflect the Companys current reporting segment structure. In order to preserve the nature and character of the disclosures set forth in such items as originally filed in the 2010 10-K, no attempt has been made in this Report, and it should not be read, to modify or update disclosures as presented in the 2010 10-K to reflect events or occurrences after December 14, 2010, the date of the filing of the 2010 10-K, except for material matters relating specifically to the recasting of the presentations described above. Therefore, this Report should be read in conjunction with the portions of the 2010 10-K that have not been recast herein and in conjunction with the Companys filings made with the SEC subsequent to the filing of the 2010 10-K. This Report does not restate the 2010 10-K.
Change in Reporting Segments
Effective October 1, 2010, the Companys chief operating decision-maker decided to manage the business in three vertically integrated, product-focused reporting segments:
This new reporting segment structure reflects the combination of the former Global Batteries & Personal Care segment, which consisted of the Companys worldwide battery, electric shaving and grooming, electric personal care and portable lighting business, with substantially all of the former Small Appliances segment, which consisted of the businesses of Russell Hobbs, Inc. acquired on June 16, 2010 (Small Appliances), to form Global Batteries & Appliances. In addition, certain pest control and pet products included in the former Small Appliances segment have been reclassified into the Home and Garden Business and Global Pet Supplies segments, respectively.
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report on Form 8-K to be signed on its behalf by the undersigned, thereunto duly authorized.
Dated: February 25, 2011