UNITED STATES
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): November 7, 2001
Edison Control Corporation
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(Exact name of registrant as specified in its charter)
New Jersey 0-14812 22-2716367
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(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation)
777 Maritime Drive, P.O. Box 308
Port Washington, Wisconsin 53074-0308
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(Address of principal executive offices including zip code)
(262) 268-6800
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(Registrant's telephone number)
Item 5. Other Events and Regulation FD Disclosure.
On November 7, 2001, the Registrant issued the following press release,
which it is hereby furnishing in this Current Report on Form 8-K.
For Further Information Contact:
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Alan J. Kastelic
Chief Executive Officer
Jay Hanamann
Chief Financial Officer
Edison Control Corporation
(262) 268-6800
FOR IMMEDIATE RELEASE - November 7, 2001
EDISON CONTROL CORPORATION AUTHORIZES 750,000 SHARE REPURCHASE PROGRAM
Port Washington, WI, November 7, 2001: Edison Control Corporation
(OTC:EDCO) announced that its Board of Directors has authorized the repurchase
of up to 750,000 shares of its outstanding common stock. Repurchases are to be
effected from time to time in the open market, pursuant to privately negotiated
transactions or otherwise. Alan J. Kastelic (262-268-6800), Edison's Chief
Executive Officer, and Jay Hanamann (262-268-6800), Edison's Chief Financial
Officer, have been designated as the principal officers responsible to effect
repurchases under the program on behalf of Edison. The repurchased shares will
be held in the Company's treasury pending potential future issuance in
connection with employee stock option plans, potential future acquisitions or
other general corporate purposes. The Company intends to fund its repurchases
from its available cash resources, together with any potential liquidation of
some or all of its securities investment portfolio and necessary borrowings
under the Company's existing or new bank credit facilities. Edison has 2,365,223
shares currently outstanding.
Construction Forms, headquartered in Port Washington, Wisconsin is the
only wholly-owned subsidiary of Edison Control Corporation and has two operating
units. ConForms, the principal operating unit, designs, manufactures, and
distributes concrete pumping systems and accessories. Ultra Tech is engaged in
the manufacturing and marketing of abrasion resistant piping systems which are
used extensively in mining, pulp and paper mills, waste water treatment plants,
and coal-fired electric utility plants, as well as concrete pumping
applications.
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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.
EDISON CONTROL CORPORATION
Date: November 12, 2001 By: /s/ Jay R. Hanamann
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Jay R. Hanamann
Chief Financial Officer