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): November 8, 2002
SL INDUSTRIES, INC.
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(Exact Name of Registrant as Specified in Charter)
New Jersey 1-4987 21-0682685
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
520 Fellowship Road, Suite A114
Mount Laurel, New Jersey 08054
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(Address of Principal Executive Offices and Zip Code)
(856) 727-1500
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(Registrant's telephone number, including area code)
N/A
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(Former Name or Former Address, if Changed Since Last Report)
ITEM 5. OTHER EVENTS.
On November 8, 2002, SL Industries, Inc. (the "Company") announced
that a jury verdict has been rendered in the lawsuit filed by Eaton Aerospace
LLC ("Eaton") against SL Montevideo Technology, Inc. ("SL-MTI"), the Company's
subsidiary, in the amount of approximately $650,000. Prior to trial, SL-MTI had
admitted an additional liability in the approximate amount of $35,000. A
judgment on the matter will also include interest, and may include costs. The
lawsuit was filed by Eaton against SL-MTI in the fall of 2000 in the United
States District Court for the Western District of Michigan, alleging breach of
contract and warranty in the defective design and manufacture of a high
precision motor, and sought compensatory damages of approximately $3,900,000.
SL-MTI is considering all of its options regarding the decision.
For additional information, reference is made to the press release
attached hereto as Exhibit 99.1.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibits.
The following is filed as an Exhibit to this Report:
Exhibit Number Description
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99.1 Press Release dated November 8, 2002.
SIGNATURES
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.
SL Industries, Inc.
Date: November 12, 2002 By: /s/ David R. Nuzzo
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David R. Nuzzo
Vice President Finance and
Administration
EXHIBIT INDEX
Exhibit Number Description
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99.1 Press Release dated November 8, 2002.
SL Industries Inactive
Filed: 12 Nov 02, 12:00am