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) February 15, 2002
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FRANKLIN ELECTRIC CO., INC.
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(Exact name of registrant as specified in its charter)
INDIANA 0-362 35-0827455
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(STATE OR OTHER JURISDICTION OF (COMMISSION (I.R.S. EMPLOYER
INCORPORATION OR ORGANIZATION) FILE NUMBER) IDENTIFICATION NO.)
400 EAST SPRING STREET
BLUFFTON, INDIANA 46714
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
(260) 824-2900
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(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
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Item 5. Other Events
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The Board of Directors of Franklin Electric Co., Inc., an Indiana corporation
(the "Registrant") approved a two-for-one stock split on February 15, 2002.
The stock split will be effected in the form of a 100% stock distribution of
one additional share of the Registrant's Common Stock ($.10 par value per
share) for each issued share of Common Stock held of record on March 4, 2002.
The additional shares will be distributed on or about March 22, 2002.
The information contained in the Registrant's press release dated February 20,
2002 with respect to the two-for-one stock split is included in Exhibit 99 to
this Form 8-K and is incorporated herein by reference.
SIGNATURES
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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 thereunto duly authorized.
FRANKLIN ELECTRIC CO., INC.
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(Registrant)
Date February 20, 2002 By /s/ Gregg C. Sengstack
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Gregg C. Sengstack, Senior Vice
President and Chief Financial
Officer (Principal Financial
and Accounting Officer)
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EXHIBIT 99
ADDITIONAL EXHIBITS
Press Release
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For Immediate Release For Further Information
Refer to Gregg C. Sengstack
260/824-2900
FRANKLIN ELECTRIC COMPANY
ANNOUNCES TWO-FOR-ONE STOCK SPLIT
Bluffton, Indiana - February 20, 2002 - Franklin Electric Co., Inc. (NASDAQ:
FELE) announced that its Board of Directors approved a two-for-one stock
split. The stock split will be effected in the form of a 100% stock
distribution of one additional share of common stock for each issued share of
common stock held of record on March 4, 2002. The additional shares will be
distributed on or about March 22, 2002. On December 29, 2001, the Company had
5,334,267 shares of common stock outstanding.
William H. Lawson, Chairman, Chief Executive Officer and President, stated,
"We are taking this action in response to our record earnings and stock price
performance. We want to make our stock accessible to a broader range of
investors, improve its marketability and enhance shareowner value. As we look
forward, we are confident in the long-term growth opportunities for our
company."
Franklin Electric is the world's largest manufacturer of submersible water and
fueling systems motors, a leading producer of fueling systems products, and a
supplier of industrial motor products and electronic controls.
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"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF
1995. Any forward looking statements contained herein involve risks and
uncertainties, including but not limited to, general economic and currency
conditions, various conditions specific to the Company's business and industry,
market demand, competitive factors, supply constraints, technology factors,
government and regulatory actions, the Company's accounting policies, future
trends, and other risks which are detailed in the Company's Securities and
Exchange Commission filings. These risks and uncertainties may cause actual
results to differ materially from those indicated by the forward-looking
statements.
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