-----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, FsmL5DHlqqmQSpELmtta8KHc74rTHEGjMoYuMJ2xp0uf3P/QBBiKFtTpvW7coznf 01n/KOuTC9JV+m8rCC69HA== 0000950144-05-006427.txt : 20050613 0000950144-05-006427.hdr.sgml : 20050611 20050613154031 ACCESSION NUMBER: 0000950144-05-006427 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050610 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050613 DATE AS OF CHANGE: 20050613 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SUN HYDRAULICS CORP CENTRAL INDEX KEY: 0001024795 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS FABRICATED METAL PRODUCTS [3490] IRS NUMBER: 592754337 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-21835 FILM NUMBER: 05892352 BUSINESS ADDRESS: STREET 1: 1500 WEST UNIVERSITY PKWY CITY: SARASOTA STATE: FL ZIP: 34243 BUSINESS PHONE: 9413621200 MAIL ADDRESS: STREET 1: 1500 WEST UNIVERSITY PKWY CITY: SARASOTA STATE: FL ZIP: 34243 8-K 1 g95831e8vk.htm SUN HYDRAULICS, INC. SUN HYDRAULICS, INC.
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UNITED STATES
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): June 10, 2005

SUN HYDRAULICS CORPORATION

 
(Exact name of registrant as specified in its charter)
         
Florida   0-21835   59-2754337
         
(State or other jurisdiction
Of incorporation)
  (Commission
File Number)
  (IRS Employer
Identification No.)
     
1500 West University Parkway, Sarasota, Florida   34243
     
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code 941-362-1200

 
(Former name or former address, if changed since last report.)

     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

    o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
    o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
    o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
    o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 

 


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Item 8.01 Other Events
Item 9.01. Financial Statements and Exhibits.
EX-99.1: PRESS RELEASE DATED JUNE 10, 2005


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Item 8.01 Other Events

     On June 10, 2005, the Registrant issued the press release attached hereto as Exhibit 99.1 announcing (1) a 50% stock dividend payable on July 15, 2005, to shareholders of record as of June 30, 2005, to be immediately followed by (2) a $0.05 per share cash dividend on its common stock, payable on July 15, 2005, to shareholders of record as of June 30, 2005.

Item 9.01. Financial Statements and Exhibits.

     (c) Exhibits.

     99.1 Press Release of the Registrant dated June 10, 2005.

 


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SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized.
         
  SUN HYDRAULICS CORPORATION
 
 
  By:   /s/ Richard J. Dobbyn    
    Richard J. Dobbyn   
    Chief Financial Officer (Principal Financial and Accounting Officer)   
 

Dated: June 13, 2005

 

EX-99.1 2 g95831exv99w1.htm EX-99.1: PRESS RELEASE DATED JUNE 10, 2005 exv99w1
 

EXHIBIT 99.1

FOR RELEASE: Immediately

     
Contact:
   
Richard K. Arter
  Investor Relations                  941-362-1200
Richard J. Dobbyn
  Chief Financial Officer          941-362-1200

Sun Hydraulics Corporation Announces Second Quarter Stock and Cash Dividend

SARASOTA, FLA, June 10, 2005 – Sun Hydraulics’ (NASDAQ: SNHY) Board of Directors, at its meeting on June 10, 2005, approved a 50% stock dividend. For every two shares of SNHY stock owned, the shareholder will receive one additional share. The stock dividend will result in an increase of total shares outstanding from approximately 7.3 million shares to approximately 11 million shares.

Clyde Nixon, Sun Hydraulics’ Chairman of the Board, said, “The Board of Directors believes the stock dividend will help improve shareholder value by increasing the marketability and liquidity of Sun’s stock.”

Sun’s Board of Directors also approved a cash dividend of $0.05 per share on the new total shares outstanding after the stock dividend. Continuing, Nixon said, “Sun Hydraulics has paid a dividend every quarter since going public in 1997, and last December increased our dividend to $0.075. The new cash dividend of $0.05 per share, coupled with the stock dividend, effectively maintains the dividend yield rate.”

The stock and cash dividends are payable on July 15, 2005, to shareholders of record as of June 30, 2005.

Sun Hydraulics Corporation is a leading designer and manufacturer of high performance screw-in hydraulic cartridge valves and manifolds for worldwide industrial and mobile markets. For more information about Sun, please visit our website at www.sunhydraulics.com.

 

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