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): April 30, 2004
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 Events.
On April 30, 2004, Fleetwood Enterprises, Inc. announced the
successful completion of its call for the redemption of $150 million in
aggregate liquidation amount of its 9.5% Convertible Trust III Preferred
Securities. A press release describing the completion of the call is
attached as Exhibit 99.1 hereto.
Item 7. Exhibits.
(c) Exhibits. The following exhibit is being furnished herewith:
Exhibit 99.1 Press release of Fleetwood Enterprises, Inc. issued April
30, 2004.
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: April 30, 2004 By: /s/ Boyd R. Plowman
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Boyd R. Plowman
Executive Vice President-Chief
Financial Officer
Exhibit 99.1
FLEETWOOD COMPLETES $150 MILLION REDEMPTION CALL FOR
9.5% CONVERTIBLE TRUST III PREFERRED SECURITIES
Riverside, Calif., April 30, 2004 - Fleetwood Enterprises, Inc. (NYSE:FLE),
the nation's leader in recreational vehicle sales and a leading producer and
retailer of manufactured housing, announced today the successful completion
of its call for the redemption of its $150 million issue of 9.5% Convertible
Trust III Preferred Securities.
Substantially all of the Preferred Securities (liquidation amount $50 per
security) were converted into common stock, at the rate of 4.826255 shares of
common stock per Preferred Security. The Company had called $50 million in
aggregate principal amount of the securities with a redemption date of April
8, 2004, and had subsequently called the remaining $100 million for
redemption with a redemption date of April 29, 2004.
The conversions resulted in the issuance of approximately 14.47 million
shares of Fleetwood common stock. When the Preferred Securities were
outstanding, the underlying common stock was included in the Company's
presentation of fully diluted earnings per share whenever the Preferred
Securities were dilutive to earnings. The shares of common stock will now
appear in basic as well as fully diluted earnings per share.
About Fleetwood
Fleetwood Enterprises, Inc., a Fortune 1000 company headquartered in
Riverside, California, is a leading manufacturer of a full range of
recreational vehicles from motor homes to travel and folding trailers, and is
a vertically integrated manufacturer, retailer and financier of manufactured
housing. The Company is dedicated to providing quality, innovative products
that offer a high value quotient to its customers. Fleetwood operates
facilities strategically located throughout the nation, including
recreational vehicle and manufactured housing plants, retail home centers,
and supply subsidiary plants. For more information, visit the Company's
Website at www.fleetwood.com.
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