-----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, A1iP1Djgx6DQA2F+5gPPm5xQaH7XBCEeiz01x41lef8VWwvLofQETtkbGN82ogZN fRW5s+AstQm9xFnxJ0+QWw== 0000054381-05-000093.txt : 20051117 0000054381-05-000093.hdr.sgml : 20051117 20051117095501 ACCESSION NUMBER: 0000054381-05-000093 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20051117 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20051117 DATE AS OF CHANGE: 20051117 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KAMAN CORP CENTRAL INDEX KEY: 0000054381 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-MACHINERY, EQUIPMENT & SUPPLIES [5080] IRS NUMBER: 060613548 STATE OF INCORPORATION: CT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-66179 FILM NUMBER: 051211427 BUSINESS ADDRESS: STREET 1: 1332 BLUE HILLS AVE CITY: BLOOMFIELD STATE: CT ZIP: 06002 BUSINESS PHONE: 8602437100 MAIL ADDRESS: STREET 1: 1332 BLUE HILLS AVE CITY: BLOOMFIELD STATE: CT ZIP: 06002 FORMER COMPANY: FORMER CONFORMED NAME: KAMAN AIRCRAFT CORP DATE OF NAME CHANGE: 19680403 8-K 1 form8-k.htm KAMAN CORPORATION FORM 8-K DATED NOVEMBER 17, 2005 Kaman Corporation Form 8-K dated November 16, 2005



UNITED STATES
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): November 17, 2005 (November 16, 2005)


Kaman Corporation
(Exact Name of Registrant as Specified in Its Charter)


Connecticut
(State or Other Jurisdiction of Incorporation)

0-1093
 
06-0613548
(Commission File Number)
 
(IRS Employer Identification No.)
     
1332 Blue Hills Avenue, Bloomfield, Connecticut
 
06002
(Address of Principal Executive Offices)
 
(Zip Code)

(860) 243-7100
(Registrant's Telephone Number, Including Area Code)

Not Applicable
(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 (see General Instruction A.2. below):

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))



 
1

 

Item 8.01 Other Events.

On November 17, 2005, the Corporation announced that in connection with the execution of a multi-year agreement with MD Helicopters, Inc. ("MDHI") for the provision of rotor blades and other components, primarily for the MD Explorer helicopter, MDHI has agreed to pay the Corporation approximately $5 million related to past due amounts for accounts receivable and inventory previously written off as part of a $20.1 million non-cash charge recorded during the third quarter of 2004. The Corporation received $4.0 million from MDHI on November 16, 2005 and is scheduled to receive additional payments totaling approximately $1 million by the end of the first quarter of 2006. As a result, the Corporation has recorded fourth quarter 2005 pre-tax income of approximately $5.0 million.

A previously reported payment of $1.4 million was received and recorded in the third quarter of 2005.

MDHI was acquired by Patriarch Partners, LLC, an investment firm, in July 2005.

A copy of the Corporation's press release on this subject is attached as Exhibit 99.1 and incorporated herein by reference, although the press release inadvertently indicates that the $4.0 million payment was received on November 17, 2005.



Item 9.01 Financial Statements and Exhibits. 

(c) Exhibits.
 
Exhibit 99.1  Press release dated November 17, 2005.


 
2

 

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.


 
KAMAN CORPORATION
     
     
     
     
 
By:
/s/ Robert M. Garneau
   
Robert M. Garneau
   
Executive Vice President and
   
Chief Financial Officer

Date: November 17, 2005



 
3

 

KAMAN CORPORATION AND SUBSIDIARIES

Index to Exhibits
 

 
 Exhibit 99.1  Press release dated November 17, 2005
 Attached
 

 
4

 


EX-99.1 2 ex99-1.htm KAMAN CORPORATION EXHIBIT 99.1 Kaman Corporation Exhibit 99.1




Kaman Corporation
Bloomfield, CT 06002
(860) 243-7100
 
 NEWS
 
 
 
 
 
 Kaman Corporation logo



KAMAN CORPORATION ANNOUNCES RESUMPTION OF
ROTOR BLADE PRODUCTION FOR MD HELICOPTERS, INC.

BLOOMFIELD, Connecticut (November 17, 2005) - (NASDAQ:KAMN) Kaman Corporation announced today that it has reached a multi-year agreement with the newly recapitalized MD Helicopters, Inc. (MDHI) to resume production of rotor blades, pitchcases and flexbeams, primarily for the MD Explorer helicopter. MDHI was acquired by the investment firm, Patriarch Partners, in July of 2005. Production work will be conducted at the Kaman Aerospace Helicopters Division facilities in Bloomfield.

Under the terms of the agreement, the company today received a payment in the amount of $4.0 million from MDHI and is scheduled to receive additional payments totaling approximately $1.0 million by the end of the first quarter of 2006. These payments are all related to past due amounts for accounts receivable and inventory previously written off as part of a $20.1 million non-cash charge recorded during the third quarter of 2004 to eliminate the company’s investment in its previous MDHI programs. Those programs included the blade work now being resumed, and production of fuselages for the MD-500 and MD-600 series of helicopters, which the company does not expect to resume. As a result, the company has recorded fourth quarter pre-tax income of approximately $5.0 million.

These payments are in addition to previously reported payments of $1.4 million received and recorded in the third quarter of 2005.

###


Contact:
Russell H. Jones
SVP, Chief Investment Officer & Treasurer
(860) 243-6307
rhj-corp@kaman.com
http://www.kaman.com
GRAPHIC 3 logo.jpg KAMAN CORPORATION LOGO begin 644 logo.jpg M_]C_X``02D9)1@`!`0$`8`!@``#_VP!#``@&!@<&!0@'!P<)"0@*#!0-#`L+ M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#`+0#`2(``A$!`Q$!_\0` M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4% M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D* M%A<8&1HE)B7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7& MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$! M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$" M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$ MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4 MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#Q?4-1OAJ5 MT!>7(`F?CS6]37MOPF\4Q^&/A-KVN:A,\ODW9$2.Q)=]BA5'U/\`6O"-1'_$ MSNN/^6S_`/H1JP^L7+>'X=%!*VL=RUR0#]]RH4$_0#CZF@!;_7]5U+4+B^N; MZX::XD:1R)"!DG)P.P]J^@_@7X.N[336\3ZK),\]VNVTCD(/&^J7\%W,+9IC'`$D('EK\JG'N!G\:^F_BEXA_P"$ M:^'NJ7:/MN)D^S0$==[\9'T&3^%?',<;2R*BJ2S,`!ZDT`7['7=3T_4+>\AO M;CS;>594S(Q&Y2",_E7VSHNJ0:WHECJELP] M!7Q#X@UZ]U'Q'J=ZEYO^TH'XUUG[1/B.:/4 M=(T2UGDC,<;74WEL1DL=J@X_W6_.O$--OI=,U2TOX"1-;3),A]U((_E6[\0O M$2^*?'.IZK&Q,$D@2#/_`#S4!1^>,_C0!A?VE?\`_/Y<_P#?UJ^U?!^H?VKX M,T:_+;FFLXF8_P"UM&?US7Q!CVKZU^!^H?;OA;IZ$Y:UDE@/X,6'Z,*`/1&8 M(I9B`H&23VKXO\;>++SQ#XRU34HKN=8))R(560@"-?E7CZ`'\:^FOBUXA_X1 MSX=ZC,C[;BZ7[+#CKN?@G\%W&OD"&%YYHX8D+22,%51W).!0!H:9X@U/3-4M M+^*\N#);S+*H:0D$@YP?:OMK2M1@U?2;34;9MT-U"LJ'V89KXF\2:-)X>\2Z MCI$F2UI<-$&_O`'@_B,&OHK]G_Q'_:?@R;1Y7S/IDN%!_P">3Y*_KN'Y4`6O MC[-+!\.5>&1XV^W1#*,0>C>E?,']I7__`#^7/_?UJ^G/V@O^2;)_U_Q?R>OE MI5+,%5223@`=Z`/K/X.>.?\`A+O"BVUW+NU73@(I]QYD3^&3\0,'W'O7S5XF MU"]7Q7K"K=W``OI@`)&P/G-3>!?%=SX+\5VNJQ;C$I\NYB'_`"TB/WA]>X]P M*H>*'AF\5ZM-;.)();R62-UZ,K,2#^1H`[7P+>W;Z).7N9F/VEN6D)_A6BH/ M`7_(#G_Z^6_]!6BF,X341_Q,[KC_`);/_P"A&MN/PG/<_#]_$]L&=+:]-O%_$=EXK\/6NKV M#9BG7YD)YC4^X-?)7B'P)=Z+XAO\`34N8)([>9D1V)!9>V>.N*[OX,:EJ MOACQ.NERR1S:=J+;7C5CE).SC(_`^WTH`L_M%^(?M&K:9X>B?*6R&YF`/\;< M*#[@`G_@5>+6-V]A?V]Y$B-)!*LJJXRI*D$9'IQ77^,;+4O$/C#5=5ED@!GN M&*J6.50<*.G90!75?"3X9Z;X@U'4CX@B2Y@@B3RXXY77YB3R2,=A^M`'F_BC MQ+>^+=(O^$=^(EB9'V6U[_HDV3Q\W MW3_WT%KT/XI?"/P]H_A1+[P_:_9+F.X0.9)G<.A!&.2>3&DUU(DLY+'!94(../4YKQO2O"EW)K-C&\D&UKB,'YCTW#VH` MF^(GA3_A#_%DFGQJPMI(DG@)Y^5AR,^S!A^%9'AK19?$/B73M(B!W74ZQDCL MN?F/X#)_"OH+X^^%EU31=,U2`QI$3%XMO-5N MVB=K.WVQ*I)PSDC/(]`P_&@#RKQEI46B>,]8TV!-D%M=R)&NR+$(23N5UQU`[,:`*W[1'B'[7K]AH$3YCLH_.F`/_+1^ MF?HH_P#'J\>TZ^DTS4[2_A1&EM9DF19!E2RD$9'<9%=/XHL=2\0^*-2U::2` M-=7#.%+GY5SP.G8`"NT^$?PQTOQ!=:H_B&%;F*!(Q$DP%=;\%O$?]@?$2TCD?;;:@#:2Y/&6 M^X?^^@!^)KN?BK\)=`T7PS!?>'[86LZW*I)YDSL'0@^N><@5X_'XOER)BDR,N058$'\:^F?BHUQXD^ M#>EW)\M+B>6WED!)V[MC;L<>N:^?T\,7HD7][;]?[Q_PH`[7XS^!SX>UR/6[ M.';INJ?O"%'$4Q&67V!^\/Q]*\NQ[5]N>(?#5IXK\(S:->@;)H1L?&3&X'RL M/H?\*^0KGPE?6UU+`TUN6C=D)#-@D'']WVH`Z7P%_P`@.?\`Z^6_]!6BM3P1 5H5U!HLRL\))N&/#'^ZOM11<+G__9 ` end
-----END PRIVACY-ENHANCED MESSAGE-----