-----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, DM7TcPEH/yrPaCnK+xwc63G+sHXzeooy+brmNVGsIE8Yn10sFO5sbYUOMLWztyl9 UXSCYg+EW9iyI+8lFFhL3Q== 0000914760-00-000115.txt : 20000503 0000914760-00-000115.hdr.sgml : 20000503 ACCESSION NUMBER: 0000914760-00-000115 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000501 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20000502 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COACHMEN INDUSTRIES INC CENTRAL INDEX KEY: 0000021212 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR HOMES [3716] IRS NUMBER: 351101097 STATE OF INCORPORATION: IN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-07160 FILM NUMBER: 616419 BUSINESS ADDRESS: STREET 1: 2831 DEXTER DR CITY: ELKHART STATE: IN ZIP: 46514 BUSINESS PHONE: 2192620123 MAIL ADDRESS: STREET 1: 2831 DEXTER DR CITY: ELKHART STATE: IN ZIP: 46514 8-K 1 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): May 1, 2000 -------------- COACHMEN INDUSTRIES, INC. - -------------------------------------------------------------------------------- (Exact Name of Registrant as Specified in its Charter) Indiana - -------------------------------------------------------------------------------- (State or Other Jurisdiction of Incorporation) 1-7160 35-1101097 - ----------------------------------- --------------------------------------- (Commission File Number) (I.R.S. Employer Identification Number) 2831 Dexter Drive, Elkhart, Indiana 46514 - -------------------------------------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) (219) 262-0123 - -------------------------------------------------------------------------------- (Registrant's Telephone Number, Including Area Code) ITEM 5. OTHER EVENTS. On May 1, 2000 the Company filed a press release announcing the signing of a contract to acquire Mod-U-Kraf Homes, Inc. A copy of the press release is attached as Exhibit 99.1. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (a) EXHIBITS Exhibit Number Description ------ ----------- 99.1 May l, 2000 Press Release announcing the signing of a contract to acquire Mod-U-Kraf Homes, Inc. 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. COACHMEN INDUSTRIES, INC. By: /s/ Richard M. Lavers ----------------------------- Richard M. Lavers General Counsel & Secretary Dated: May 1, 2000 EX-99.1 2 MAY 1, 2000 PRESS RELEASE EXHIBIT 99.1 COACHMEN SIGNS CONTRACT TO ACQUIRE MOD-U-KRAF ELKHART, Ind., May 1 /PRNewswire/ -- Coachmen Industries, Inc. (NYSE: COA - news) of Elkhart, Indiana announced today that they have entered into a definitive agreement to acquire Mod-U-Kraf Homes, Inc. (OTC: MODU - news) for $11.75 per share, or a total consideration of nearly $10 million. This culminates months of negotiations and due diligence that began in earnest in January and resulted in a letter of intent to acquire all outstanding shares on March 13, 2000. Closing of the transaction is expected in mid-June, subject to approval of the shareholders of Mod-U-Kraf and other normal closing conditions. The definitive agreement provides for a significant break-up fee payable to Coachmen in certain circumstances. This transaction adds to Coachmen's expanding modular home sector. Mod-U-Kraf, who will retain both management and employees, will operate as a separate entity under the Coachmen Housing Group. "We are very pleased to have Mod-U-Kraf as part of the Coachmen family. They complement our existing modular business perfectly, and is another step forward in our strategic plan to expand that segment of our business," said Claire C. Skinner, Chairman and CEO of Coachmen Industries, Inc. "As a result of this acquisition, we will solidify our position as the leading manufacturer of modular housing in the United States. "We are very excited about joining forces with Coachmen in a market that has been experiencing double digit growth and continues to see strong consumer demand," noted Dale H. Powell, Mod-U-Kraf's President and Board Chairman. "We share the same philosophies about our customers, employees and the communities in which we work." Coachmen Industries, Inc. is one of the nation's leading producers of recreation vehicles. The Company's All American Homes division is America's leading producer of modular homes. Unlike the manufactured housing industry, Coachmen's modular homes are built to local codes versus HUD codes. Recreation vehicles comprised eighty three percent of Coachmen's 1999 sales and modular homes represented seventeen percent. This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned not to place undue reliance on forward-looking statements, which are inherently uncertain. Actual results may differ materially from that projected or suggested due to certain risks and uncertainties including, but not limited to the potential fluctuations in the Company's operating results, the implementation of the new enterprise-wide software, the availability of gasoline, the Company's dependence on chassis suppliers, interest rates, competition, government regulations, and other risks identified in the Company's SEC filings. -----END PRIVACY-ENHANCED MESSAGE-----