-----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, EOg2+/j2PwvzwGXQZK4MTZGlpUpxmZrbHgNTQ1qOgqhBncuRxNQNOxgKaZ2+lFpz RuGiEwRkl1gVnhNscvsr3g== 0000950103-03-000074.txt : 20030117 0000950103-03-000074.hdr.sgml : 20030117 20030117151317 ACCESSION NUMBER: 0000950103-03-000074 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030113 ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: FILED AS OF DATE: 20030117 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MASCO CORP /DE/ CENTRAL INDEX KEY: 0000062996 STANDARD INDUSTRIAL CLASSIFICATION: MILLWOOD, VENEER, PLYWOOD & STRUCTURAL WOOD MEMBERS [2430] IRS NUMBER: 381794485 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05794 FILM NUMBER: 03517785 BUSINESS ADDRESS: STREET 1: 21001 VAN BORN RD CITY: TAYLOR STATE: MI ZIP: 48180 BUSINESS PHONE: 3132747400 MAIL ADDRESS: STREET 1: 21001 VAN BORN ROAD CITY: TAYLOR STATE: MI ZIP: 48180 FORMER COMPANY: FORMER CONFORMED NAME: MASCO SCREW PRODUCTS CO DATE OF NAME CHANGE: 19731025 8-K 1 jan1703_8k.htm 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) January 13, 2003



Masco Corporation
(Exact name of Registrant as Specified in Charter
)

Delaware 1-5794 38-1794485
(State or Other Jurisdiction
of Incorporation)
(Commission File Number) (IRS Employer
Identification No.)
     
21001 Van Born Road, Taylor, Michigan 48180
(Address of Principal Executive Offices)   (Zip Code)
     
  (313) 274-7400  
Registrant’s telephone number, including area code








     Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.

     (c) Exhibits

               99 Press Release dated January 13, 2003

     Item 9. Regulation FD Disclosure.

     On January 13, 2003 the Company issued a press release regarding an unsolicited below-market “mini-tender“ offer. A copy of the press release is included as Exhibit 99.

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 thereunto duly authorized.



MASCO CORPORATION
   
By: /s/ Timothy Wadhams         
  Name:  Timothy Wadhams
Title:    Vice President – Chief Financial Officer
January 17, 2003




EXHIBIT INDEX

Exhibit No. Description
   
99 Press Release dated January 13, 2003


EX-99 3 jan1703_ex99.htm 8-K

Exhibit 99

FOR IMMEDIATE RELEASE Contact:
Samuel Cypert
313-792-6646


MASCO CORPORATION RECOMMENDS STOCKHOLDERS TO
REJECT UNSOLICITED, BELOW-MARKET “MINI-TENDER“ OFFER

        Taylor, Michigan (January 13, 2003) – Masco Corporation (NYSE:MAS) today strongly recommended stockholders to reject an unsolicited below-market "mini-tender" offer for up to 5,000,000 common shares or approximately one percent of Masco’s outstanding common stock by a Canadian firm named TRC Capital Corporation (“TRC”). Masco received notification of the below-market offer, which is being made at the cash price of $18.75 per share, on January 9, 2003. The offer is 5.78 percent below the closing price of Masco stock on the date of the offer.

        Mini-tender offers, which typically seek less than five percent of a company’s common stock – thereby avoiding many disclosure requirements of the Securities and Exchange Commission – are the subject of an SEC bulletin, which is available on the SEC website: http://www.sec.gov/investor/pubs/minitend.htm. That bulletin states that “some bidders make mini-tender offers at below-market prices, hoping that they will catch investors off guard if the investors do not compare the offer price to the current market price.” Later, the bulletin says, “with most mini-tender offers, investors typically feel pressured to tender their shares quickly without having solid information about the tender offer or the people behind it.”

        Masco shareholders are cautioned that TRC has made numerous below-market “mini-tender” offers for other companies’ shares, that TRC offers no assurances that it will have the financial resources to complete the offer, and that TRC can extend the offer and delay payment beyond the scheduled expiration date or amend the offer, including the price.

        Shareholders should also be aware that they will have no withdrawal rights from the scheduled expiration date of February 7, 2003 until February 18, 2003 even if TRC is unable to make payment on the scheduled expiration date and is attempting to obtain funds to pay for the tendered shares.

        Masco shareholders who may have already tendered their shares are advised that they have the right to withdraw their shares by prescribed written notice and procedures at any time prior to the scheduled expiration time of the offer which is 12:00p.m. ET on Friday, February 7, 2003, and in other circumstances as set forth in the TRC’s Offer to Purchase.

        Headquartered in Taylor, Michigan, Masco Corporation is one of the world’s leading manufacturers of home improvement and building products as well as a leading provider of services that include the installation of insulation and other building products.

###

Statements in this press release may include certain forward-looking statements regarding Masco’s future sales and earnings growth potential. Actual results may vary materially because of external factors such as interest rate fluctuations, changes in consumer spending and other factors over which management has no control. Additional information about our products, markets and conditions, which could affect our future performance, is contained in the Company’s filings with the Securities and Exchange Commission.

-----END PRIVACY-ENHANCED MESSAGE-----