NN, INC. REPORTS FILING OF FORM 12B-25

Resource from: CBCC Likes:2950

Mar 20,2009

NN, Inc. (Nasdaq: NNBR) today announced that it requires additional time to finalize its fourth quarter statements and Annual Report on Form 10-K for the year ended December 31, 2008 and has filed with the Securities and Exchange Commission on Form 12b-25, Notification of Late Filing. The Company will delay its filing in order to more thoroughly complete a review and analysis of the valuations of its recorded goodwill and other intangible assets. NN expects to file its Form 10K on or before March 31, 2009, the fifteenth calendar day following the prescribed due date. In preparing its financial statements, the Company has determined that additional time is required to complete its analysis due to the complexity of the calculations in relation to the unprecedented global economic conditions and the continued deterioration of its end markets. The Company currently expects its analysis will result in the recording of total goodwill and intangible and tangible asset impairment charges in the range of $38.4 million pre-tax ($24.4 million after-tax) to $47.3 million pre-tax ($33.3 million after-tax) in the fourth quarter of 2008. NN, Inc. manufacturers and supplies high precision metal bearing components, industrial plastic and rubber products and precision metal components to a variety of markets on a global basis. Headquartered in Johnson City, Tennessee, NN has 12 manufacturing plants in the United States, Western Europe, Eastern Europe and China. NN, Inc. had sales of US $421 million in 2007.

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