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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): August 22, 2003
PRAB, INC.
(Exact name of registrant as specified in its charter)
Michigan 0-10187 38-1654849
(State or other jurisdiction of (Commission File No.) (IRS Employer
incorporation) Identification No.)
5944 East Kilgore Road, P.O. Box 2121, Kalamazoo, Michigan 49003
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (269) 382-8200
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Item 5. Other Events and Required FD Disclosure.
On August 22, 2003, Prab, Inc. ("Prab"), a Michigan corporation issued a press
release regarding the receipt of a merger proposal and announced that the board
of directors of Prab has formed a special committee of independent directors and
that such special committee has retained Lincoln Partners LLC, as independent
investment bankers and Varnum, Riddering, Schmidt & Howlett LLP, as independent
special counsel, to assist it in considering strategic alternatives, including a
possible sale of Prab. Prab hereby incorporates by reference herein the
information set forth in its Press Release dated August 22, 2003, a copy of
which is annexed hereto as Exhibit 99.1, and the proposal letter from
Inter-Source Acquisition, Inc., a copy of which is annexed hereto as Exhibit
99.2.
INVESTOR NOTICE
If Prab proceeds with the proposed merger, then it will file with the Securities
and Exchange Commission (the "SEC") a proxy statement and other relevant
documents concerning the merger. Investors of Prab are urged to read the proxy
statement when and if filed and any other relevant documents filed with the SEC
because they will contain important information regarding such merger. Investors
will be able to obtain any such documents free of charge at the website
maintained by the SEC at www.sec.gov. In addition, investors may obtain
documents filed with the SEC by Prab free of charge by requesting them in
writing from Robert W. Klinge at Prab, Inc., 5944 East Kilgore Road, P.O. Box
2121, Kalamazoo, Michigan 49003 or by telephone at (269) 382-8200.
Investors should read any proxy statement carefully when and if it becomes
available before making any voting or investment decision.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) Financial Statements.
Not Applicable.
(b) Pro Forma Financial Information.
Not Applicable.
(c) Exhibits.
Exhibit No. Description of Exhibit
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99.1 Press Release dated August 22, 2003.
99.2 Proposal Letter dated August 18, 2003.
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.
PRAB, INC.
(Registrant)
Date: August 22, 2003 /s/ Gary A. Herder
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Gary A. Herder, Chief Executive Officer
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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CURRENT REPORT ON FORM 8-K
Date of Report (Date of earliest event reported): August 22, 2003
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Index to Exhibits
&
Exhibits
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PRAB, INC.
(a Michigan Corporation)
5944 East Kilgore Road, P.O. Box 2121
Kalamazoo, Michigan 49003
Index to Exhibits
Exhibit No. Description of Exhibit
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99.1 Press Release dated August 22, 2003.
99.2 Proposal Letter dated August 18, 2003.