SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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): October 20, 2003
FLEETWOOD ENTERPRISES, INC.
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(Exact Name of Registrant as Specified in its Charter)
Delaware 1-07699 95-1948322
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(State or Other (Commission File (IRS Employer
Jurisdiction of Number) Identification
Incorporation) Number)
3125 Myers Street, Riverside, California 92503-5527
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (909) 351-3500
N/A
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(Former Name or Former Address, if Changed Since Last Report)
Item 5. Other Items.
On October 20, 2003, Fleetwood Enterprises, Inc. issued a press release
relating to the completion of a $25 million equity offering for 2,673,797
shares of Fleetwood common stock at $9.35 per share. The shares were sold to
institutional investors pursuant to a previously filed shelf registration
statement on Form S-3 (Reg. No. 333-102585).
Item 7. Financial Statements Pro Forma Financial Information and Exhibits.
(c) Exhibits.
The following exhibit is filed with this report:
Exhibit No Exhibit Description
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99.1 Press release dated October 20, 2003
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this current report to be signed on its behalf by
the undersigned hereunto duly authorized.
FLEETWOOD ENTERPRISES, INC.
Date: October 21, 2003 By: /s/ Boyd R. Plowman
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Boyd R. Plowman
Executive Vice President-Chief Financial
Officer
Exhibit 99.1
FLEETWOOD COMPLETES $25 MILLION EQUITY OFFERING
Riverside, Calif., October 20, 2003 -- Fleetwood Enterprises, Inc.
(NYSE:FLE), the nation's largest manufacturer of recreational vehicles and a
leading producer and retailer of manufactured housing, today announced that
it has completed a $25 million equity offering for 2,673,797 shares of
Fleetwood common stock at $9.35 per share. The shares were issued today to
institutional investors through Fleetwood's existing $40 million shelf
registration on file with the Securities and Exchange Commission. The
proceeds will be used for general corporate purposes. Fleetwood had
approximately 35.9 million shares outstanding as of September 2, 2003.
This press release contains certain forward-looking statements and
information based on the beliefs of Fleetwood's management as well as
assumptions made by, and information currently available to, Fleetwood's
management. Such statements reflect the current views of Fleetwood with
respect to future events and are subject to certain risks, uncertainties, and
assumptions, including risk factors identified in Fleetwood's 10-K and other
SEC filings. These risk factors include, without limitation, the cyclical
nature of both the manufactured housing and recreational vehicle industries;
ongoing weakness in the manufactured housing market; the potential impact on
demand for our products as a result of weak consumer confidence; the effect
of global tensions on consumer confidence; continued acceptance of the
Company's products; expenses and uncertainties associated with the
introduction of new products; the future availability of manufactured housing
retail financing, as well as housing and RV wholesale financing; changes in
retail inventory levels in the manufactured housing and recreational vehicle
industries; competitive pricing pressures; the ability to attract and retain
quality dealers, executive officers and other personnel; and the ability to
obtain the financing we need in order to execute our business strategies.
Actual results, events and performance may differ materially. Readers are
cautioned not to place undue reliance on these forward-looking statements,
which speak only as of the date hereof. Fleetwood undertakes no obligation to
release publicly the result of any revisions to these forward-looking
statements that may be made to reflect events or circumstances after the date
hereof or to reflect the occurrence of unanticipated events.
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