8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 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) February 7, 2005

HMI INDUSTRIES INC.

(Exact Name of Registrant as Specified in Its Charter)

Delaware	2-30905	36-1202810
(State or Other Jurisdiction of Organization)	(Commission File Number)	(I.R.S. Employer Incorporation or Identification No)

13325 Darice Parkway
Unit A
Strongsville, Ohio 44149

(Address of Principal Executive Offices and Zip Code)

(440) 846-7800

(Registrant’s Telephone Number, Including Area Code)

(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:

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

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

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

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

TABLE OF CONTENTS

	Item 8.01. Other Events.
	Item 9.01. Financial Statements and Exhibits.
SIGNATURES
Exhibit 99 Press Release

Item 8.01. Other Events.

HMI Industries Inc. (the “Company”) is filing this report on Form 8-K to report that the Company announced that effective today it has deregistered its common stock thereby suspending its reporting obligations under the Securities Exchange Act of 1934. A copy of the press release relating to this announcement is attached as Exhibit 99 to this report.

Item 9.01. Financial Statements and Exhibits.

Listed below are the exhibits files as part of this report.

99  Press release issued February 7, 2005, attached.

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.

HMI Industries Inc.  

(Registrant) 

Date: February 7, 2005	By:	/s/ Julie A. McGraw
		Vice-President, Chief Financial Officer and Treasurer

EX-99

Exhibit 99

Contact: HMI Industries Inc.
Kirk Foley
(440) 846-7850

FOR IMMEDIATE RELEASE

HMI INDUSTRIES INC. DEREGISTERS ITS COMMON STOCK WITH THE SECURITIES
AND EXCHANGE COMMISSION

     CLEVELAND, Ohio, February 7, 2005... HMI Industries Inc. announced that effective today it has deregistered its common stock thereby suspending its reporting obligations under the Securities Exchange Act of 1934.

     According to Kirk Foley, the Company’s Chairman and Chief Executive Officer, “After careful consideration, our board of directors has decided to take this action because we believe that the advantages of continuing as a reporting company are far outweighed by the disadvantages.”

     Mr. Foley stated that the board of directors considered a number of factors in making this decision, including the following:

•   the costs, both direct and indirect, associated with the preparation and filing of the Company’s periodic reports with the SEC;

•   the expected substantial increase in costs associated with being a public company in light of new regulations promulgated as a result of the Sarbanes-Oxley Act of 2002;

•   the Company has fewer than 300 registered stockholders; and

•   the lack of analyst coverage and minimal liquidity for the Company’s common stock.

     Mr. Foley said, “Avoiding the additional auditing and legal fees as well as the increased costs of complying with the Sarbanes Oxley Act requirements will result in significant savings for the Company. For a company our size, the additional costs cannot be justified. We believe the Company and its shareholders are better off in the long run if the Company’s management focuses its attention and resources on implementing the Company’s business plan and building long term value.”

     HMI is a globally oriented, direct selling company engaged in the manufacture and sale of high filtration portable surface cleaners and portable room air cleaners. The company’s high filtration portable surface cleaner and portable room air cleaner are sold under the trade names Filter Queen®, Princess®, Majestic®, Empress® and Defender®.