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): MARCH 8, 2002
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COLUMBUS MCKINNON CORPORATION
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(Exact name of registrant as specified in its charter)
NEW YORK
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(State or other jurisdiction of incorporation)
0-27618 16-0547600
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(Commission File Number) (IRS Employer Identification No.)
140 JOHN JAMES AUDUBON PARKWAY, AMHERST, NEW YORK 14228-1197
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number including area code: (716) 689-5400
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(Former name or former address, if changed since last report)
Item 5. OTHER EVENTS
On March 7, 2002, the registrant announced that it is soliciting
consents from holders of its outstanding 8 1/2% senior subordinated notes due
2008 to amend certain provisions of the Indenture pursuant to which the notes
were issued. The proposed amendment, which requires the consent of registered
holders of a majority of the aggregate principal amount of the notes, would
provide the registrant greater flexibility in structuring divestitures by
amending the conditions under which the Company can sell assets of subsidiaries
that are a guarantor of the notes. A copy of the press release issued in
connection with such action is attached hereto as Exhibit 99.1.
Item 7. EXHIBITS
EXHIBIT NUMBER DESCRIPTION
99.1 Press Release dated March 7, 2002
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.
COLUMBUS MCKINNON CORPORATION
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By: /S/ ROBERT L. MONTGOMERY, JR.
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Name: Robert L. Montgomery, Jr.
Title: Executive Vice President
Dated: March 8, 2002
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EXHIBIT INDEX
EXHIBIT NUMBER DESCRIPTION PAGE
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99.1 Press Release dated March 7, 2002 1
NEWS RELEASE
CONTACT:
Robert L. Montgomery, Jr.
Executive Vice President and Chief Financial Officer
Columbus McKinnon Corporation
716-689-5405
COLUMBUS MCKINNON CORPORATION COMMENCES CONSENT SOLICITATION FOR
PROPOSED AMENDMENT TO SENIOR SUBORDINATED NOTES
Amherst, New York, March 7, 2002 - Columbus McKinnon Corporation (Nasdaq: CMCO)
today announced that it is soliciting consents from the holders of its $200.0
million of 8-1/2% senior subordinated notes due 2008 for a proposed amendment to
the Indenture pursuant to which the notes were issued. The proposed amendment,
which requires the consent of registered holders of a majority of the aggregate
principal amount of the notes, would provide Columbus McKinnon greater
flexibility in structuring divestitures by amending the conditions under which
the Company can sell assets of subsidiaries that are a guarantor of the notes.
Columbus McKinnon will offer a consent fee of $1.50 per $1,000 of the principal
value of the notes to registered holders of the notes on March 6, 2002 that
deliver consent to the proposed amendment by the expiration date of 5:00 PM New
York City time March 26, 2002. The consent fee will be paid only to holders
delivering consent by the expiration date provided the required consent to
approve the amendment is received. Columbus McKinnon reserves the right to
extend or revoke this solicitation.
D.F. King & Co., Inc. is serving as information and tabulation agent for the
consent solicitation and can be contacted at (212) 269-5550.
Columbus McKinnon Corporation is a broad-line designer, manufacturer and
supplier of sophisticated material handling products and integrated material
handling systems that are widely distributed to industrial and consumer markets
worldwide. Those items that reflect the highest sales of Columbus McKinnon's
Products segment are hoists, cranes, welded steel chain and attachments, and
industrial components. Integrated material handling solutions are systems that
are designed to meet specific applications of end users to increase productivity
through material handling. Comprehensive information on Columbus McKinnon is
available on its Web site at HTTP://WWW.CMWORKS.COM.