Item 1.01 Entry into a Material Definitive Agreement
On
A copy of the Credit Agreement was filed as exhibit 4.2 to Libbey's Current
Report on Form 8-K filed with the
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On
Item 7.01 Regulation FD Disclosure
On
The information furnished with this Item 7.01, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Investors and others should note that we routinely announce material
information, and may announce future developments related to the COVID-19
pandemic, to investors and the marketplace using
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Cautionary Note on Forward-Looking Statements
This Current Report on Form 8-K includes forward-looking statements as defined
in Section 27A of the Securities Act and Section 21E of the Securities Exchange
Act of 1934, as amended. Such statements reflect only the Company's best
assessment at this time and are indicated by words or phrases such as "goal,"
"plan," "expects," " believes," "will," "estimates," "anticipates," or similar
phrases. These forward-looking statements include all matters that are not
historical facts. They include statements regarding the Company's intentions,
beliefs or current expectations concerning, among other things, the impact of
COVID-19 on our operations and the length of time of such impact, the duration
of the reductions in salaries of our executive officers, the impact of any
cost-reduction measures, our results of operations, financial condition,
liquidity, prospects, growth, strategies and the impact of COVID-19 on the
industry in which we operate and the industries we serve. By their nature,
forward-looking statements involve risks and uncertainties because they related
to events and depend on circumstances that may or may not occur in the future.
Investors are cautioned that forward-looking statements are not guarantees of
future performance and that our actual results of operations, financial
condition and liquidity, and the development of the industry in which we
operate, may differ materially from these statements. Investors should not place
undue reliance on such statements. Important factors potentially affecting
performance include but are not limited to risks and uncertainties related to
the impact of COVID-19 on the global economy, our associates, our customers and
our operations, our high level of indebtedness and the availability and cost of
credit; high interest rates that increase the Company's borrowing costs or
volatility in the financial markets that could constrain liquidity and credit
availability; the inability to achieve savings and profit improvements at
targeted levels in the Company's operations or within the intended time periods;
increased competition from foreign suppliers endeavoring to sell glass
tableware, ceramic dinnerware and metalware in our core markets; global economic
conditions and the related impact on consumer spending levels; major slowdowns
or changes in trends in the retail, travel, restaurant and bar or entertainment
industries, and in the retail and foodservice channels of distribution
generally, that impact demand for our products; inability to meet the demand for
new products; material restructuring charges related to involuntary employee
terminations, facility sales or closures, or other various restructuring
activities; significant increases in per-unit costs for natural gas,
electricity, freight, corrugated packaging, and other purchased materials; our
ability to borrow under our ABL credit agreement; protracted work stoppages
related to collective bargaining agreements; increased pension expense
associated with lower returns on pension investments and increased pension
obligations; increased tax expense resulting from changes to tax laws,
regulations and evolving interpretations thereof; devaluations and other major
currency fluctuations relative to the
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