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) DECEMBER 31, 1998
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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 (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
400 East Spring Street
Bluffton, Indiana 46714
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(Address of Principal Executive Offices) (Zip Code)
(219) 824-2900
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(Registrant's telephone number, including area code)
2
Item 5. OTHER EVENTS
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On December 31, 1998, the Registrant purchased certain operating and
intangible assets from The Marley Company ("Marley"), a wholly-owned
subsidiary of United Dominion Industries, Inc. Such assets are used in the
manufacture and sale of electric motors. The Registrant also entered into
supply agreements with Marley pursuant to which it will sell petroleum and
water motors. The Registrant paid $17.5 million in cash at the closing date,
and may pay additional contingent consideration according to terms that expire
on December 31, 2001. The amount, if any, of this contingent consideration is
not currently determinable.
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 hereunto duly authorized.
Franklin Electric Co., Inc.
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(Registrant)
Date January 6, 1999 By /s/ Jess B. Ford
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Jess B. Ford
Senior Vice President and
Chief Financial Officer