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): APRIL 1, 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 April 1, 2002, the registrant announced that it has received
consents from the holders of a majority of the aggregate outstanding principal
amount of its 8 1/2% Senior Subordinated Notes Due 2008 to amend the Indenture
pursuant to which the Notes were issued. The amendment provides the registrant
with greater flexibility in structuring divestitures by amending the conditions
under which it can sell assets of subsidiaries that are guarantors under the
Indenture. 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 April 1, 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: APRIL 1, 2002
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EXHIBIT INDEX
EXHIBIT NUMBER DESCRIPTION PAGE
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99.1 Press Release dated April 1, 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 RECEIVES CONSENT FOR AMENDMENT
TO INDENTURE OF SENIOR SUBORDINATED NOTES
AMHERST, N.Y., April 1, 2002 - Columbus McKinnon Corporation (Nasdaq: CMCO),
today announced that it has received consent from the holders of a majority of
the aggregate outstanding principal amount of its 8 1/2% Senior Subordinated
Notes Due 2008 to amend the Indenture pursuant to which the Notes were issued.
The amendment provides Columbus McKinnon with greater flexibility in structuring
divestitures by amending the conditions under which it can sell assets of
subsidiaries that are guarantors under the Indenture.
The note holders who delivered consents prior to 5:00 p.m. EST on March 26, 2002
will receive $1.50 in cash for each $1,000 principal amount of notes to which
such consents related. Consents were received from holders representing
approximately $170 million of the $200 million of total principal amount of
notes outstanding.
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.
This press release contains "forward-looking statements"
within the meaning of the Private Securities Litigation
Reform Act of 1995. Such statements include, but are not
limited to, statements concerning future revenue and
earnings, involve known and unknown risks, uncertainties and
other factors that could cause the actual results of the
Company to differ materially from the results expressed or
implied by such statements, including general economic and
business conditions, conditions affecting the industries
served by the Company and its subsidiaries, conditions
affecting the Company's customers and suppliers, competitor
responses to the Company's products and services, the
overall market acceptance of such products and services, the
Company's ability to renegotiate its senior debt, and other
factors disclosed in the Company's periodic reports filed
with the Securities and Exchange Commission. The Company
assumes no obligation to update the forward-looking
information contained in this release.
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