-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, KgmG/AixUKdMnAbIAPleESPExKpCnFLPzUV7NVRomm+VaJWrQQIpgY0phGvKfPZP vkxA8ZhUEr63fMYTY4yJYQ== 0001005229-03-000002.txt : 20030210 0001005229-03-000002.hdr.sgml : 20030210 20030210152113 ACCESSION NUMBER: 0001005229-03-000002 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030210 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030210 FILER: COMPANY DATA: COMPANY CONFORMED NAME: YALE INDUSTRIAL PRODUCTS INC CENTRAL INDEX KEY: 0001062624 IRS NUMBER: 710585582 STATE OF INCORPORATION: MO FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-53759-06 FILM NUMBER: 03547137 BUSINESS ADDRESS: STREET 1: 140 JOHN JAMES AUDUBON PARKWAY CITY: AMHERST STATE: NY ZIP: 19228-1197 BUSINESS PHONE: 7166895400 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AUTOMATIC SYSTEMS INC CENTRAL INDEX KEY: 0001062623 IRS NUMBER: 430978181 STATE OF INCORPORATION: MO FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-53759-05 FILM NUMBER: 03547138 BUSINESS ADDRESS: STREET 1: 140 JOHN JAMES AUDUBON PARKWAY CITY: AMHERST STATE: NY ZIP: 19228-1197 BUSINESS PHONE: 7166895400 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LICO STEEL INC CENTRAL INDEX KEY: 0001062622 STATE OF INCORPORATION: MO FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-53759-04 FILM NUMBER: 03547139 BUSINESS ADDRESS: STREET 1: 140 JOHN JAMES AUDUBON PARKWAY CITY: AMHERST STATE: NY ZIP: 19228-1197 BUSINESS PHONE: 7166895400 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COLUMBUS MCKINNON CORP CENTRAL INDEX KEY: 0001005229 STANDARD INDUSTRIAL CLASSIFICATION: CONSTRUCTION MACHINERY & EQUIP [3531] IRS NUMBER: 160547600 STATE OF INCORPORATION: NY FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-27618 FILM NUMBER: 03547136 BUSINESS ADDRESS: STREET 1: 140 JOHN JAMES AUDUBON PKWY CITY: AMHERST STATE: NY ZIP: 14228-1197 BUSINESS PHONE: 7166895400 MAIL ADDRESS: STREET 1: 140 JOHN JAMES AUDUBON PARKWAY CITY: AMHERST STATE: NY ZIP: 14228-1197 8-K 1 ah8k.txt ANNOUNCEMENT OF PLANT CONSOLIDATION 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): FEBRUARY 10, 2003 ----------------- COLUMBUS MCKINNON CORPORATION - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) NEW YORK - -------------------------------------------------------------------------------- (State or other jurisdiction of incorporation) 0-27618 16-0547600 - -------------------------------------------------------------------------------- (Commission File Number) (IRS Employer Identification No.) 140 JOHN JAMES AUDUBON PARKWAY, AMHERST, NEW YORK 14228-1197 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number including area code: (716) 689-5400 -------------- - -------------------------------------------------------------------------------- (Former name or former address, if changed since last report) Item 5. OTHER EVENTS On February 6, 2003, the registrant announced the next step in the continuation of its strategic plan with the consolidation of its crane manufacturing operations located in Forest Park, Illinois into its other North American crane manufacturing facilities. A copy of the press release issued in connection with such action is attached hereto as Exhibit 99. Item 7. EXHIBITS EXHIBIT NUMBER DESCRIPTION 99 Press Release dated February 6, 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. COLUMBUS MCKINNON CORPORATION ------------------------------------- By: /S/ ROBERT L. MONTGOMERY, JR. -------------------------------- Name: Robert L. Montgomery, Jr. Title: Executive Vice President Dated: FEBRUARY 10, 2003 ----------------- EXHIBIT INDEX EXHIBIT NUMBER DESCRIPTION PAGE - -------------- ----------- ---- 99 Press Release dated February 6, 2003 1 EX-99 3 ahpr.txt PRESS RELEASE NEWS RELEASE CONTACT: Robert L. Montgomery, Jr. Executive Vice President and Chief Financial Officer Columbus McKinnon Corporation 716-689-5405 COLUMBUS MCKINNON CORPORATION CONTINUES MANUFACTURING CONSOLIDATION PLAN Amherst, New York, February 6, 2003 - Columbus McKinnon Corporation (Nasdaq: CMCO), announced plans today that its subsidiary crane builder group, Crane Equipment & Service, Inc. (CES), will consolidate its crane manufacturing operations located in Forest Park, Illinois into its other North American crane manufacturing facilities. The estimated annual recurring pretax cost savings expected to result from this consolidation is $0.7 million with implementation costs of $1.1 million, of which $0.5 million will be recorded as restructuring charges as incurred in the current and next quarter, and $0.6 million will be capital and expenses related to moving product lines. "This consolidation is a continuation of our facility rationalization initiative which is focused on lowering our fixed costs while maintaining a high level of service and the capacity to meet the needs of the crane equipment and service marketplace," said Timothy T. Tevens, President and Chief Executive Officer. "The consolidation process will occur between mid-April and June 2003 and we will work with our 15 affected associates to assist them with placement in positions at other Columbus McKinnon locations where available, and for those who do not relocate, transition support." Tevens added, "The integration of Columbus McKinnon's wholly owned crane builders is proceeding as planned with the development and implementation of a centralized approach to crane and hoist sales and service. This strategy has increased our market share in the current weak economic environment. Recent significant bookings from our wholly owned crane builders include a $0.6 million project for a liquid natural gas plant in Trinidad, a $0.8 million project for a major metropolitan transit authority, and $1.1 million in steel mill crane projects in Canada. The revenue from these projects will be recognized through the second quarter of fiscal 2004 which ends on September 28, 2003." Tevens concluded, "Columbus McKinnon continues to review its current manufacturing and facility configuration to ensure that it has the most efficient and effective organization to meet current and future market needs. In addition, Columbus McKinnon is proceeding with the implementation of Lean manufacturing improvement activities at most of its facilities, which is resulting in improved productivity, inventory reductions, and enhanced capacity utilization, while also improving the Company's service and responsiveness to customers. These key strategic initiatives, along with others in process, are focused on lowering Columbus McKinnon's costs and increasing free cash flow to accelerate debt reduction." -more- Columbus McKinnon is a leading worldwide designer and manufacturer of material handling products, systems and services which efficiently and ergonomically move, lift, position or secure material. Key products include hoists, cranes, chain and forged attachments. The Company is focused on commercial and industrial applications that require the safety and quality provided by its superior design and engineering know-how. 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, 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. ### -----END PRIVACY-ENHANCED MESSAGE-----