-----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, LkV5xeqYnvVOp4ublO2V40H7XpLhJyFfcaXTsVxR1GELU0D66bkblwNUoEWvKa0p QrnQrECQDihLCKN4z4pbpA== /in/edgar/work/20000628/0000914760-00-000174/0000914760-00-000174.txt : 20000920 0000914760-00-000174.hdr.sgml : 20000920 ACCESSION NUMBER: 0000914760-00-000174 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000622 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20000628 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COACHMEN INDUSTRIES INC CENTRAL INDEX KEY: 0000021212 STANDARD INDUSTRIAL CLASSIFICATION: [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: 662288 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 0001.txt JUNE 22, 2000 PRESS RELEASE 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 22, 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 June 22, 2000 the Company filed a press release announcing the expansion of its modular home sector through the acquisition of Mod-U-Kraf Homes. 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 June 22, 2000 Press Release announcing the expansion of its modular home sector through the acquisition of Mod-U-Kraf Homes. 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: June 27, 2000 EX-99.1 2 0002.txt JUNE 22, 2000 PRESS RELEASE COACHMEN INDUSTRIES EXPANDS MODULAR HOME SECTOR COACHMEN FINALIZES TRANSACTION, ACQUIRES MOD-U-KRAF HOMES ELKHART, Ind., June 22 /PRNewswire/ -- Coachmen Industries, Inc. (NYSE: COA - news) of Elkhart, Indiana closed on a transaction today which officially adds Mod-U-Kraf Homes, Inc. (OTC: MODU - news) to Coachmen's expanding modular home sector. Coachmen acquired the Rocky Mount, Virginia-based company for $11.75 per share, or a total consideration of nearly $10 million. The closing comes on the heels of a Mod-U-Kraf shareholders meeting conducted on Wednesday, June 21 where shareholders voted to approve the transaction. Mod-U-Kraf's shareholders will be receiving instructions for exchanging their stock certificates for cash payments in the mail. "We are pleased Mod-U-Kraf shareholders have voted to approve this transaction," stated Claire C. Skinner, Chairman and Chief Executive Officer of Coachmen Industries. Dale H. Powell, Mod-U-Kraf's President and Board Chairman concurred, "We are very excited to join the Coachmen team. We believe strongly that the association with Coachmen will provide us the opportunity to continue our growth, expand our facilities and offer our employees greater opportunities." A letter of intent to acquire all outstanding Mod-U-Kraf shares was signed on March 13, 2000. The proposal to acquire the modular home builder demonstrated Coachmen's commitment to a strategic plan that includes growing its housing group through expansion of existing business and through acquisition of companies that complement Coachmen's business goals. "Because Mod-U-Kraf matches up well with our vision, values, practices and philosophies, we wanted to pursue this acquisition opportunity," explained Skinner. Mod-U-Kraf, who will retain both management and employees, will operate as a separate entity under the Coachmen housing group. Also part of the housing group is All American Homes, with five manufacturing locations. All American Homes is the leading producer of modular, precision-built homes in the U.S. Unlike the manufactured housing industry, Coachmen's modular homes are built to local and state codes versus HUD codes. Though Mod-U-Kraf is involved in the production of modular housing like All American Homes, the company offers Coachmen new ventures with its Special Projects Division. Serving the commercial building sector, the Special Projects Division builds motels, townhouses, condominiums, apartments, dorms, business offices, day care facilities and medical offices. All buildings comply with commercial building codes and are reviewed by a third party inspection agency. Building homes for over 28 years, Mod-U-Kraf currently operates out of two plants. The company markets its products in Virginia, North Carolina, South Carolina, West Virginia, Maryland, Northern Georgia, Eastern Tennessee and Eastern Kentucky. In 1999, Mod-U-Kraf's sales were in the $22 million range. Coachmen Industries, Inc. is one of the nation's leading producers of recreational vehicles. Recreational vehicles comprised 83 percent of Coachmen's 1999 sales and modular homes represented 17 percent. -----END PRIVACY-ENHANCED MESSAGE-----