0000054381-12-000066.txt : 20120813 0000054381-12-000066.hdr.sgml : 20120813 20120813093650 ACCESSION NUMBER: 0000054381-12-000066 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20120813 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20120813 DATE AS OF CHANGE: 20120813 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: 001-35419 FILM NUMBER: 121026204 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 AUGUST 13, 2012 form8-k.htm  

 

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): August 13, 2012 (August 8, 2012)


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 August 13, 2012, the company announced that its subsidiary, Kaman Industrial Technologies Corporation (“KIT”), entered into an asset purchase agreement on August 8, 2012 with Zeller Corporation, a New York corporation (“Zeller”), its shareholders and affiliated entities.  Pursuant to such asset purchase agreement, KIT will acquire the operating assets and certain liabilities of Zeller and its affiliate entities. Zeller is a value added distributor of electrical and automation components and solutions, including motion control, programmable logic controller based automation, machine vision, electrical controls and power distribution products with expected 2012 sales of approximately $80 million for the full year.

The closing of the transaction, which is targeted in the third quarter of 2012, is subject to the satisfaction of customary closing conditions, including termination or expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.  A copy of the press release announcing the transaction is furnished as Exhibit 99.1.

 
Item 9.01  Financial Statements and Exhibits.

(c) Exhibits.
 
    Exhibit 99.1
Press Release of the Company dated August 13, 2012


 
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/ William C. Denninger
   
William C. Denninger
   
Executive Vice President and
   
Chief Financial Officer

Date: August 13, 2012




 
3

 

KAMAN CORPORATION AND SUBSIDIARIES

Index to Exhibits

Exhibit
Description
 
 
Exhibit 99.1
 
Press release dated August 13, 2012.
Attached


 
4

 

EX-99.1 2 ex99-1.htm EXHIBIT 99.1 ex99-1.htm
 

Exhibit 99.1
 
 
Kaman Corporation
Bloomfield, CT 06002
(860) 243-7100
 
 NEWS
     
     

KAMAN INDUSTRIAL TECHNOLOGIES TO ACQUIRE ZELLER CORPORATION
 
BLOOMFIELD, Connecticut (August 13, 2012) - Kaman Corporation (NYSE:KAMN) today announced the signing of a definitive agreement to acquire the assets of Zeller Corporation by its subsidiary Kaman Industrial Technologies Corporation (KIT).  The acquisition is expected to close in the third quarter.  Terms of the transaction were not disclosed.

Zeller Corporation is a value added distributor of electrical and automation components and solutions, including motion control, programmable logic controller (PLC) based automation, machine vision, electrical controls and power distribution products.  A premier Schneider Electric distribution partner, Zeller also represents other quality manufacturers including Kollmorgen, Phoenix Contact, Rittal and Sick. Zeller employs 240 people, including 60 degreed engineers, and has operations in Rochester, Syracuse and Buffalo, New York; Foxboro, Massachusetts; and Winston-Salem, North Carolina.  Zeller expects 2012 sales of approximately $80 million for the full year.

Neal J. Keating, Chairman, President and Chief Executive officer of Kaman Corporation, stated, "The acquisition of Zeller Corporation is a very exciting addition for Kaman and our KIT distribution business – it extends and expands our automation and motion control product portfolio to include electrical controls and power distribution.  Further, it demonstrates our commitment to growing our distribution network, enhancing our value-add solutions capabilities, and complementing our strong mechanical and fluid power product platforms.  We are also excited to welcome the strong management team and workforce at Zeller, led by Gary Haseley to the Kaman family.  The Zeller team will enhance our ability to serve our customers and will bring a number of new tools and capabilities to the Kaman organization.”

Gary Haseley, President, Zeller Corporation remarked, “We are very enthusiastic about the opportunity to become part of the Kaman distribution and solutions team.  We believe Zeller’s deep engineering expertise coupled with Kaman’s broad national reach will combine to create an outstanding solution for our customers, while driving growth opportunities for our suppliers and employees.  With more than 50 years of experience providing superior electrical products and engineered solutions to our customers, we will now also have the ability to satisfy their mechanical power transmission requirements.”
 
 
Steve Smidler, President of KIT added, “We are also very pleased to have Gary Haseley staying with Kaman and joining our KIT executive management team as Zeller’s Vice President and General Manager, reporting to me.  Zeller complements and strengthens our recent acquisitions of Minarik, Target Electronic Supply and Automation Technology and is illustrative of our overall expansion strategy to further increase our electrical, automation and motion control footprint.”

Additional information about Zeller Corporation is available at www.zellercorp.com.


 
 

 
 

About Kaman Corporation

Kaman Corporation, founded in 1945 by aviation pioneer Charles H. Kaman, and headquartered in Bloomfield, Connecticut conducts business in the industrial distribution and aerospace markets.  The company is a leading distributor of industrial parts, and operates more than 200 customer service centers and five distribution centers across North America.  Kaman offers more than four million items including bearings, mechanical power transmission, electrical, material handling, motion control, fluid power, automation, and MRO supplies to customers in virtually every industry.  Additionally, Kaman provides engineering, design and support for automation, electrical, linear, hydraulic and pneumatic systems as well as belting and rubber fabrication, customized mechanical services, hose assemblies, repair, fluid analysis and motor management.  The company produces and/or markets widely used proprietary aircraft bearings and components; complex metallic and composite aerostructures for commercial, military and general aviation fixed and rotary wing aircraft; aerostructure engineering design analysis and FAA certification services; safe and arm solutions for missile and bomb systems for the U.S. and allied militaries; subcontract helicopter work; and support for the company’s SH-2G Super Seasprite maritime helicopters and K-MAX medium-to-heavy lift helicopters.  More information is available at www.kaman.com
 
 
###


Contacts:
 
Eric Remington
David Mayer
Vice President, Investor Relations
Vice President, Marketing & Services
Kaman Corporation
Kaman Industrial Technologies Corporation
(860) 243-6334
(860) 687-5185
eric.remington@kaman.com
dave.mayer@kaman.com



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