0000038725-13-000199.txt : 20130904 0000038725-13-000199.hdr.sgml : 20130904 20130904080025 ACCESSION NUMBER: 0000038725-13-000199 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20130903 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20130904 DATE AS OF CHANGE: 20130904 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FRANKLIN ELECTRIC CO INC CENTRAL INDEX KEY: 0000038725 STANDARD INDUSTRIAL CLASSIFICATION: MOTORS & GENERATORS [3621] IRS NUMBER: 350827455 STATE OF INCORPORATION: IN FISCAL YEAR END: 0725 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-00362 FILM NUMBER: 131076580 BUSINESS ADDRESS: STREET 1: 400 E SPRING ST CITY: BLUFFTON STATE: IN ZIP: 46714 BUSINESS PHONE: 2608242900 MAIL ADDRESS: STREET 1: 400 E SPRING STREET CITY: BLUFFTON STATE: IN ZIP: 46714 8-K 1 a201309038-k.htm 8-K 2013.09.03. 8-K


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): September 3, 2013

FRANKLIN ELECTRIC CO., INC.
(Exact name of registrant as specified in its charter)
Indiana
 
0-362
 
35-0827455
(State or other jurisdiction of incorporation)
 
(Commission File Number)
 
(IRS Employer Identification No.)

9255 Coverdale Road
 
 
Fort Wayne, IN
 
46809
(Address of principal executive offices)
 
(Zip code)

(260) 824-2900
(Registrant's telephone number, including area code)
 
400 E. Spring Street
Bluffton, IN 46714
(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:

[    ]    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[    ]    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[    ]    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[    ]    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) 






Item 7.01. Regulation FD Disclosure

On September 3, 2013, Pioneer Pump Solutions Ltd., a wholly owned subsidiary of Franklin Electric Co., Inc., issued a press release announcing the completed purchase of the assets of Performance Pump and Equipment Company Limited. A copy of the press release is furnished herewith as Exhibit 99.1 and incorporated herein by reference. This Current Report on Form 8-K and the press release attached hereto are being furnished pursuant to Item 7.01 of Form 8-K.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits:

Exhibit Number
 
Description
99.1
 
Press release - "Pioneer Pump Solutions Announces Acquisition of Performance Pump and Equipment Limited"







SIGNATURE

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.

FRANKLIN ELECTRIC CO., INC.
(Registrant)

Date: September 4, 2013
 
By
/s/ John J. Haines
 
 
 
John J. Haines
 
 
 
Vice President and Chief Financial Officer and Secretary
 
 
 
(Principal Financial and Accounting Officer)








EXHIBIT INDEX

Exhibit Number
 
Description
99.1
 
Press release - "Pioneer Pump Solutions Announces Acquisition of Performance Pump and Equipment Limited"




EX-99.1 2 a20130903exhibit991.htm EXHIBIT 2013.09.03. Exhibit 99.1


Exhibit 99.1

For Immediate Release    

For Further Information
Refer to: John J. Haines
260-824-2900


PIONEER PUMP SOLUTIONS ANNOUNCES ACQUISITION OF PERFORMANCE PUMP AND EQUIPMENT LIMITED


Ipswich, Suffolk, Great Britain - September 3, 2013 - Pioneer Pump Solutions Ltd. a wholly owned subsidiary of Franklin Electric Co., Inc. (NASDAQ:FELE), announced today that it has completed the purchase of the assets of Performance Pump and Equipment Company Limited of Stowmarket, Suffolk, UK. Performance Pump is a pump rental company that operates depots in Wigan, Somerset and Petersfield, UK. Performance Pump provides their customers a wide variety of rental alternatives in mining, municipal, dewatering and industrial applications using tailored pump solutions from 2" to 12" bore configurations. Calendar year 2012 sales for Performance Pump were approximately £1.5 million.

Franklin Electric has agreed to pay £1.5 million in an all cash transaction. The Company believes Performance Pump will be accretive to 2014 earnings per share and provides additional assets, customer relationships and market knowledge that enhance the Pioneer Pump Solutions operation in the UK.

Dennis Mitchell, Chairman of Pioneer Pump Solutions, commented:

"Pioneer Pump Solutions is committed to providing 24/7 pump hire and support to our growing list of customers in the UK. The addition of Performance Pump gives us a broader geographical base to service the needs of our customers. We look forward to helping customers throughout the UK achieve the cost savings and reduced carbon emissions that our products provide."

Pioneer Pump Solutions is a U.K. based national specialist pump hire business with locations in Ipswich, Nottingham and Cardiff and serves the mining, construction and utilities markets.


"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein, including those relating to market conditions or the Company's financial results, costs, expenses or expense reductions, profit margins, inventory levels, foreign currency translation rates, liquidity expectations, business goals and sales growth, involve risks and uncertainties, including but not limited to, risks and uncertainties with respect to general economic and currency conditions, various conditions specific to the Company's business and industry, weather conditions, new housing starts, market demand, competitive factors, changes in distribution channels, supply constraints, effect of price increases, raw material costs, technology factors, integration of acquisitions, litigation, government and regulatory actions, the Company's accounting policies, future trends, and other risks which are detailed in the Company's Securities and Exchange Commission filings, included in Item 1A of Part I of the Company's Annual Report on Form 10-K for the fiscal year ending December 29, 2012, Exhibit 99.1 attached thereto and in Item 1A of Part II of the Company's Quarterly Reports on Form 10-Q. These risks and uncertainties may cause actual results to differ materially from those indicated by the forward-looking statements. All forward-looking statements made herein are based on information currently available, and the Company assumes no obligation to update any forward-looking statements.