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UNITED STATES
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 19, 2001
Commission file number: 333-17305
International Knife & Saw, Inc.
(Exact name of registrant as specified in its charter)
Delaware 57-0697252
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
1299 Cox Avenue
Erlanger, Kentucky 41018
(Address of principal executive offices)
(859) 371-0333
(Registrant's telephone number, including area code)
None
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(former name or former address, if changed since last year)
Items 1, 2, 3, 4, 6, 8 and 9.
Not applicable.
Item 5. Other Events
On February 19, 2001 the Company issued the following news release:
FOR IMMEDIATE RELEASE
International Knife & Saw, Inc. Retains Financial Advisor
Cincinnati, OH February 19, 2001 - International Knife & Saw, Inc.
announced today that Jefferies & Company, Inc. has been retained to act as
financial advisor to IKS.
William M. Schult, IKS's Chief Financial Officer, stated, "The decision
to retain Jefferies was made to begin what we hope will be a prompt, consensual
process to address the company's highly leveraged capital structure. In
particular, IKS expects Jefferies to assist the company in developing
alternatives in connection with a restructuring of its 11-3/8% Senior
Subordinated Notes due 2006."
IKS is a global leader in the manufacturing, servicing and marketing of
industrial and commercial machine knives and saws.
This press release contains forward looking statements which are made
pursuant to the safe harbor provisions of the Securities Litigation Reform Act
of 1995, which involve risks and uncertainties that may affect IKS's business
and prospects. Such forward looking statements include, without limitation,
beliefs as to IKS's restructuring and other alternatives. Investors should
consult IKS's ongoing interim and quarterly filings and annual reports for
additional information on the risks and uncertainties relating to
forward-looking statements. Investors are cautioned not to rely on these
forward-looking statements. IKS does not undertake to update these
forward-looking statements.
For further information, please contact William M. Schult, IKS's Chief
Financial Officer, at (859) 283-6697.
Item 7. Financial Statements and Exhibits
(a) Financial Statements of Businesses Acquired
Not Applicable
(b) Pro Forma Financial Information
Not Applicable
(c) Exhibits
10.20 Security Agreement dated December 11, 2000 between Deutsche
Bank and the Company
10.21 First Amendment to Security Agreement dated January 24, 2001
between Deutsche Bank and the Company
SIGNATURES
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.
INTERNATIONAL KNIFE & SAW, INC.
By: /s/ William M. Schult
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William M. Schult
Executive Vice President - Chief Financial
Officer, Treasurer and Secretary (Principal
Financial and Accounting Officer, and
Executive Committee member)
February 20, 2001
EXHIBIT INDEX
Exhibit
No. Description
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10.20 Security Agreement dated December 11, 2000 between Deutsche
Bank and the Company.
10.21 First Amendment to Security Agreement dated January 24, 2001
between Deutsche Bank the Company.