SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: October 23, 2000
Sparton Corporation
(Exact name of registrant as
specified in its charter)
Ohio 0-1000 38-1054690
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
2400 E. Ganson Street
Jackson, Michigan 49202
(Address of principal (Zip Code)
executive offices)
Registrant's telephone number,
including area code: (517) 787-8600
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Item 5 OTHER EVENTS
On October 23, 2000, Sparton Corporation, issued the press release attached as
Exhibit 99 to this Form 8-K.
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Item 7 FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION, AND EXHIBITS
(c) Exhibits
99 Press Release dated October 23, 2000.
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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.
Dated: October 23, 2000 SPARTON CORPORATION
(Registrant)
By: /s/ Richard L. Langley
Richard L. Langley
Vice President and Treasurer
(Principal Financial Officer and
Principal Accounting Officer)
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EXHIBIT INDEX
Exhibit Number Document
99 Press Release dated October 23, 2000.
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Exhibit 99
PRESS RELEASE
As a follow-up to an interview that John J. Smith, Chairman of the Board of
Sparton Corporation, conducted with the Jackson Citizen Patriot last week and
the subsequent article which appeared in the Sunday, October 22, 2000 issue of
that newspaper, the Company is issuing this press release for the purpose of
clarifying some of the information included in that article.
The article in question includes a summary of opinions that relate to both the
Company's future earnings and stock performance. A number of factors, many of
which are beyond the control of the Company, will impact the Company's near and
long-term financial performance. Consequently, a meaningful assessment about
future financial performance cannot be made. In addition, due to the variety of
factors impacting the Company's stock price, the Company does not attempt to
predict how or when the market will react to the Company's performance.
Contrary to a statement concerning future sonobuoy sales, there are no
commitments from sonobuoy customers that would result in a forecast of future
sales at the level as stated in the article.
Regarding a comment relative to the Company's anticipated growth over the next
five years, the Company does not possess enough information to make realistic
assessments about growth over such an extended period of time.
Sparton Corporation headquartered in Jackson, Michigan and listed on the NYSE
(SPA) is a provider of Electronics Design and Manufacturing Services to a
variety of global customers in the Avionics, Medical, Telecommunication,
Government and other Industrial marketplaces.
For further information please contact Rhonda Aldrich, Director of Corporate
Communications at 517-787-8600.
End