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 earliest event reported: October 2, 2002
LMI AEROSPACE, INC.
(Exact Name of Registrant as Specified in Its Charter)
Missouri
(State or Other Jurisdiction of Incorporation)
0-24293 43-1309065
(Commission File Number) (I.R.S. Employer Identification No.)
3600 Mueller Road, St. Charles, Missouri 63302-0900
(Address of Principal Executive Offices) (Zip Code)
(636) 946-6525
(Registrant's Telephone Number, Including Area Code)
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Item 9. Regulation FD Disclosure.
On June 12, 2002, LMI Aerospace, Inc. issued a press release relating
to its acquisition of certain of the assets of the aerospace division Southern
Stretch Forming and Fabrication, Inc., a Texas corporation, and to announce the
appointment of Ed Campbell to the position of Director of Marketing. The text of
the announcement is attached hereto as Exhibit 99.1.
Exhibit Number Description
-------------- -----------
99.1 Text of Press Release, dated October 2, 2002,
issued by LMI Aerospace, Inc.
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.
Date: October 2, 2002
LMI AEROSPACE, INC.
By: /s/ Lawrence E. Dickinson
--------------------------------------
Lawrence E. Dickinson
Chief Financial Officer and Secretary
EXHIBIT INDEX
Exhibit Description
- ------- -----------
99.1 Text of Press Release, dated October 2, 2002
issued by LMI Aerospace, Inc.
Exhibit 99.1
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LMI Aerospace, Inc.
Post Office Box 900
St. Charles, Missouri 63302
For more information,
Contact Ed Dickinson, 636/916-2150
FOR IMMEDIATE RELEASE
LMI AEROSPACE ACQUIRES AEROSPACE OPERATIONS OF
SOUTHERN STRETCH FORM AND FABRICATION, INC.
Company also names Ed Campbell as Director of Marketing
ST. LOUIS, October 2, 2002 - LMI Aerospace, Inc. (Nasdaq: LMIA)
announced today that it has acquired the operations and certain assets of the
aerospace division of Southern Stretch Form and Fabrication, Inc. (SSFF), an
aerospace sheet metal manufacturer based in Denton, Texas.
The aerospace division of SSFF provides stretch forming, routing and
drilling of predominantly large components to the aerospace industry. SSFF has
annual sales of $4.0 million, of which approximately $1.5 million are to
Versaform Corporation, which was acquired by LMI on May 16, 2002. Sales to
Gulfstream Aerospace Corporation represent the majority of the balance of the
business. All SSFF production will be transferred, including the $1.5 million in
intercompany sales, to existing LMI manufacturing facilities over the next four
months, at which time the Denton facility will close.
"This transaction provides LMI sheet metal facilities with additional
work volume and increases our work statement with Gulfstream," said Ronald Saks,
President and Chief Executive Officer of LMI Aerospace, Inc.
LMI acquired certain assets and operations of the aerospace division of
SSFF from Brian D. Geary, a director of LMI. LMI paid for the equipment
necessary to operate the business by the delivery of 90,000 shares of the common
stock of LMI pursuant to a private placement conforming with the safe harbor
provisions of Rule 506 of Regulation D, promulgated under the Securities Act of
1933, as amended, $215,000 cash for all inventories, subject to adjustment based
on a post-closing audit, and the transfer of certain equipment valued at
$60,000.
Additionally, LMI Aerospace, Inc. announced the promotion of Ed
Campbell to the position of Director of Marketing. Mr. Campbell joined LMI in
the acquisition of Versaform Corporation in May 2002.
"Ed Campbell's marketing experience in the military, corporate and
regional aircraft markets will be quite valuable to LMI," said Ronald Saks. "He
has developed solid customer relationships that further LMI's strategy to
increase our focus on customer service."
LMI Aerospace, Inc. is a leading supplier of quality components to the
aerospace and technology industries. The Company operates eight manufacturing
facilities that fabricate, finish and integrate close tolerance aluminum and
specialty alloy components for commercial, corporate, regional and military
aircraft, and for laser equipment used in the semiconductor and medical
industries. Its products include leading edge wing slats and lens assemblies;
cockpit window frame assemblies; fuselage skins and supports; passenger and
cargo door frames and supports; and excimer laser components.
This press release includes forward-looking statements related to LMI
Aerospace's outlook for 2002 and future periods, which are based on current
management expectations. Such forward-looking statements are subject to various
risks and uncertainties, many of which are beyond the control of LMI Aerospace,
Inc. Actual results could differ materially from the forward-looking statements
as a result, among other things, of the factors detailed from time to time in
LMI Aerospace's filings with the Securities and Exchange Commission.