-----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, JNJmuNpttu3BhDnE9NDzKdVzK6PPJb+M4DM4+7D/u7mImEJvK0lYzvPGiZh9Op+L LgtDbUQP0Nv2zpAk3KAQLQ== 0000950144-98-011160.txt : 19981005 0000950144-98-011160.hdr.sgml : 19981005 ACCESSION NUMBER: 0000950144-98-011160 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980929 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19981002 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: WINDMERE DURABLE HOLDINGS INC CENTRAL INDEX KEY: 0000217084 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC HOUSEWARES & FANS [3634] IRS NUMBER: 591028301 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-10177 FILM NUMBER: 98719916 BUSINESS ADDRESS: STREET 1: 5980 MIAMI LAKES DR CITY: MIAMI LAKES STATE: FL ZIP: 33014 BUSINESS PHONE: 3053622611 MAIL ADDRESS: STREET 1: 5980 MIAMI LAKES DRIVE CITY: MIAMI LAKES STATE: FL ZIP: 33014 FORMER COMPANY: FORMER CONFORMED NAME: WINDMERE CORP DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: SAVE WAY INDUSTRIES INC DATE OF NAME CHANGE: 19830815 FORMER COMPANY: FORMER CONFORMED NAME: SAVE WAY BARBER & BEAUTY SUPPLIES INC DATE OF NAME CHANGE: 19770626 8-K 1 WINDMERE-DURABLE HOLDINGS FORM 8-K, 09/29/98 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): SEPTEMBER 29, 1998 WINDMERE-DURABLE HOLDINGS, INC. ------------------------------- (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) FLORIDA ------------------------------- (STATE OR OTHER JURISDICTION OF INCORPORATION) 1-10177 59-1028301 ----------------- ----------------------- (COMMISSION FILE NUMBER) (IRS EMPLOYER IDENTIFICATION NO.) WINDMERE-DURABLE HOLDINGS, INC. 5980 MIAMI LAKES DRIVE MIAMI LAKES, FLORIDA 33014 ------------------------------------------ (ADDRESS OF PRINCIPAL EXECUTIVE OFFICE) (ZIP CODE) REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE (305) 362-2611 2 ITEM 5. OTHER EVENTS. On September 29, 1998, Windmere-Durable Holdings, Inc. announced in a press release in the form attached hereto as Exhibit 99 that it had received notice that a class action lawsuit had been filed on September 25, 1998 naming Windmere-Durable Holdings, Inc., David Friedson, Harry Schulman and NationsBanc Montgomery Securities LLC. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (c) Exhibits 99 Windmere-Durable Holdings, Inc. September 29, 1998 press release announcing that Windmere-Durable Holdings, Inc. received notice that a class action lawsuit had been filed on September 25, 1998. 2 3 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. WINDMERE-DURABLE HOLDINGS, INC. Date: September 29, 1998 By: /s/ Harry D. Schulman ----------------------------- Harry D. Schulman 3 4 INDEX TO EXHIBITS ITEM NUMBER EXHIBIT 99 Windmere-Durable Holdings, Inc. September 29, 1998 press release announcing that Windmere-Durable Holdings, Inc. received notice that a class action lawsuit had been filed on September 25, 1998. 4 EX-99 2 PRESS RELEASE 1 EXHIBIT 99 ---------- PRESS RELEASE MIAMI LAKES, Fla., Sept. 29/PRNewswire/ -- Windmere-Durable Holdings, Inc. (NYSE: WND) today announced that a class action complaint alleging violations of the federal securities laws had been filed against it, two officers of the Company and NationsBanc Montgomery Securities LLC relating to the acquisition by the Company of certain product categories of the Household Products Group of Black & Decker. The suit purports to be on behalf of those who purchased Windmere common stock between May 12 and September 22, 1998, and those purchasers of Windmere's 10% Senior Subordinated Notes. Windmere further stated that another firm had announced that it had also filed a complaint but that it had not been served with a copy of it. Windmere Chairman, President and Chief Executive Officer, David Friedson, stated that, "Although the Company has not completed the process of carefully reviewing the allegations of the complaint, I believe that the claims are without merit. Windmere and its officers and directors intend to defend the suit vigorously." Mr. Friedson added, "Despite the lower-than-expected sales of Black & Decker branded products and earnings from Newtech Electronics Industries in the third quarter, I remain enthusiastic about the long-term earnings prospects of Windmere." Mr. Friedson further stated that the Company believes that its cash flow from operations and other available credit sources will be adequate to meet the Company's future liquidity needs. Finally, Mr. Friedson explained that Windmere and Black & Decker Corporation were continuing to work together in a positive manner to fully transition ownership of the Household Products Group. Windmere-Durable Holdings, Inc. is a diversified manufacturer and distributor of a broad range of household appliances, including personal care products for the home and professional salons, electric housewares and comfort conditioning/seasonal products. The Company also markets the Litter Maid(TM) computerized, infrared, automatic self-cleaning cat litter box. Certain matters discussed in this news release are forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements. These factors include economic conditions and the retail environment; the Company's dependence on the timely development, introduction and customer acceptance of products; competitive products and pricing; reliance on key customers; dependence on foreign suppliers and supply and manufacturing constraints; cancellation or reduction of orders; and other risks and uncertainties detailed from time to time in the Company's Securities and Exchange Commission filings. SOURCE Windmere-Durable Holdings, Inc. -----END PRIVACY-ENHANCED MESSAGE-----