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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
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Date of Report (Date of earliest event reported): March 19, 2001
SL INDUSTRIES, INC.
(Exact name of issuer as specified in its charter)
New Jersey 1-4987 21-0682685
(STATE OR OTHER JURISDICTION OF (COMMISSION (I.R.S. EMPLOYER
INCORPORATION OR ORGANIZATION) FILE NUMBER) IDENTIFICATION NUMBER)
520 Fellowship Road, Suite A114
Mount Laurel, New Jersey 08054
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES AND ZIP CODE)
(856) 727-1500
(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
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ITEM 5. OTHER EVENTS.
On March 19, 2001, SL Industries, Inc. (the "Company") issued a press
release announcing that the board of directors had determined to explore a sale
of the Company in order to maximize shareholder value and that Credit Suisse
First Boston had been retained to lead the process. In connection with this
process, the board of directors has decided to postpone the Company's annual
meeting of shareholders until an appropriate time in the future at which
shareholders will be asked either to vote for a proposed sale transaction or to
elect a slate of directors, or both.
The Company also announced that, due to the severity of the current
economic slowdown, it believed that its earnings for the fiscal year ending
December 31, 2001 would be materially below the range of $0.95 to $1.15 per
diluted share previously announced.
A copy of the press release appears as Exhibit 99 to this Report and is
incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) The following is filed as an Exhibit to this Report:
Exhibit Number Description
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99 Press Release dated March 19, 2001.
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SIGNATURE
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, in the Township of Mount Laurel, State
of New Jersey, on the 21st day of March, 2001.
SL INDUSTRIES, INC.
By: /s/ Owen Farren
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Owen Farren
President and Chief Executive Officer
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EXHIBIT INDEX
Exhibit Number Description
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99 Press Release dated March 19, 2001.