-----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, Lt7hGWZGgzBC9cN435j5bSO8IODKb7/yGXkJLpld4hR+0DQpEEK6Z4Dr7AmhWr51 wS22WYD5NytyVKmAGcysjQ== 0000950144-96-004594.txt : 19960726 0000950144-96-004594.hdr.sgml : 19960726 ACCESSION NUMBER: 0000950144-96-004594 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19960711 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19960725 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: WINDMERE CORP 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: 1934 Act SEC FILE NUMBER: 001-10177 FILM NUMBER: 96598857 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: 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, INC. FORM 8-K 7/11/96 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) JULY 11, 1996 ------------- 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 The Registrant incorporates herein by reference the information disclosed in Exhibit 99 filed herewith. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS. Exhibit 99. Press release of Windmere-Durable Holdings, Inc. dated July 11, 1996. 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: July 25, 1996 By: /s/ Harry D. Schulman ----------------------------------- Harry D. Schulman 3 EX-99 2 PRESS RELEASE 1 WINDMERE(R) WINDMERE CORPORATION 5980 MIAMI LAKES DRIVE, MIAMI LAKES, FL 33014-2467 PHONE: (305) 362-2611 FAX: (305) 364-0635 F O R I M M E D I A T E R E L E A S E CONTACT: Cindy Solovei Assistant Vice President--Finance Windmere-Durable Holdings (305) 362-2611 or Bill Rue, Senior Vice President and Chief Operating Officer Salton/Maxim Housewares (847) 803-4600 WINDMERE-DURABLE HOLDINGS AND SALTON/MAXIM HOUSEWARES COMPLETE FORMATION OF STRATEGIC ALLIANCE WINDMERE-DURABLE HOLDINGS ACQUIRES 50% INTEREST IN SALTON/MAXIM HOUSEWARES Miami Lakes, Florida and Mount Prospect, Illinois (July 11, 1996)--Windmere- Durable Holdings, Inc., (NYSE:WND) and Salton/Maxim Housewares Inc. (Nasdaq:SALT) today announced that Windmere-Durable has completed its acquisition of 50% of Salton/Maxim, following yesterday's approval of the transaction by Salton/Maxim's shareholders. Salton/Maxim issued approximately 6.5 million shares of its common stock to Windmere-Durable in exchange for 748,112 shares of Windmere-Durable common stock, a $10.8 million note, and a cash payment of $3.2 million. The transaction was originally announced on February 28, 1996. David M. Friedson, Windmere-Durable's Chairman, President and Chief Executive Officer, stated, "Consummation of this purchase brings us a step closer to building a larger presence in consumer products and establishing a well recognized brand, with the White-Westinghouse(R) name licensed by Salton/Maxim earlier this year. We are joining forces with an organization whose strengths in marketing and distribution will both complement and maximize our own capabilities." Leonhard Dreimann, Chief Executive Officer of Salton/Maxim, stated, "We are very pleased to be allied with Windmere-Durable Holdings. Today's transaction is the first step in building a closer relationship between our companies. We look forward to working with Windmere-Durable's people on mutually rewarding business development." Salton/Maxim Housewares, headquartered in Mount Prospect, Illinois, designs and markets small kitchen appliances and beauty care products under the Salton(R), Maxim(R), Salton CreationsTM, Salton TimeTM, and White-Westinghouse(R) brand names. The Company's products also include the BreadmanTM and JuicemanTM product lines. Windmere-Durable Holdings, Inc., is a diversified manufacturer and distributor of a broad range of consumer products, including personal care products for the home and professional salons, kitchen electric appliances, and consumer electronics. The Company also markets the Litter MaidTM computerized, infrared, automatic self-cleaning cat litter box. -----END PRIVACY-ENHANCED MESSAGE-----