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
DATE OF REPORT: May 22, 2001
JORE CORPORATION
000-26889 81-0465233
(Commission File Number) (IRS Employer Identification No.)
A Montana Corporation
45000 Highway 93 South, Ronan, MT 59864
406/676-4900
Item 3. Bankruptcy or Receivership
On May 22, 2001, Jore Corporation (the "Company")filed for voluntary
reorganization under Chapter 11 of the U.S. Bankruptcy Code (the "Code") in the
District of Montana (the "Proceeding"). The Company's case number is
01-31609-11. The Company will remain in possession of its assets and operate
under the protection of the Code as a debtor-in-possession. As a
debtor-in-possession under the Code, the Company is authorized to operate its
business in the normal course, subject to the supervision of the Bankruptcy
Court. The Company issued a press release, dated May 22, 2001, announcing the
filing and its first quarter operating results, which is attached hereto as an
exhibit. During the pendency of the Proceeding, the Company will file monthly
reports with the Office of the United States Trustee in Great Falls, Montana, as
required by the Code, in lieu of filing reports on Form 10-Q and Form 10-K. In
addition during the pendency of the Proceeding, the Company will file the
Code-required reports with the Securities and Exchange Commission as exhibits to
reports on Form 8-K.
Item 5. Other Events
Board of Directors Changes
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In the May 22, 2001 press release, attached hereto as an exhibit, Jore also
announced a restructuring of its board of directors and management team. At a
board meeting held May 17, 2001, James K. Loebbecke replaced Matthew B. Jore as
chairman of the board. Gerald McConnell, formerly President, was appointed Chief
Executive Officer of the Company and appointed to the board. Matthew B. Jore
will remain as board member.
Annual Shareholders Meeting
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On May 31, 2001, the Company issued a press release announcing a change in its
annual shareholder meeting from June 4, 2001 to August 31, 2001. The
postponement of the annual meeting will allow the Company to prepare and
distribute new proxy materials for the above-mentioned change in the board of
directors. This press release is attached hereto as an exhibit.
(C) Exhibits
Exhibit Number Description
99.1 Press Release dated May 22, 2001
99.2 Press Release dated May 31, 2001
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. JORE CORPORATION
May 31, 2001 By: /s/ Mick Quinlivan
Mick Quinlivan
Chief Financial Officer