-----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, SiKY7zbgd76SFBhdFG08nCAUk6i/hiF6mbe7eF3i1eb9D96PMgZTHkIr+BB+mO8W bGroaYuoUgDwGsdXd3TywQ== 0000926236-01-500089.txt : 20010618 0000926236-01-500089.hdr.sgml : 20010618 ACCESSION NUMBER: 0000926236-01-500089 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010607 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010615 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HOME PRODUCTS INTERNATIONAL INC CENTRAL INDEX KEY: 0000814457 STANDARD INDUSTRIAL CLASSIFICATION: PLASTICS PRODUCTS, NEC [3089] IRS NUMBER: 364147027 STATE OF INCORPORATION: DE FISCAL YEAR END: 1227 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-17237 FILM NUMBER: 1661197 BUSINESS ADDRESS: STREET 1: 4501 W 47TH ST CITY: CHICAGO STATE: IL ZIP: 60632 BUSINESS PHONE: 773-890-10 MAIL ADDRESS: STREET 1: 4501 WEST 47TH STREET CITY: CHICAGO STATE: IL ZIP: 60632 FORMER COMPANY: FORMER CONFORMED NAME: SELFIX INC DATE OF NAME CHANGE: 19920703 8-K 1 hpi-8k.txt FORM 8-K DATE OF REPORT JUNE 7, 2001 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: June 07, 2001 (Date of the earliest event reported) Home Products International, Inc. (Exact name of registrant as specified in its charter) Delaware (State of Incorporation) 0-17237 36-4147027 (Commission File Number) (I.R.S. Employer Identification No.) 4501 West 47th Street Chicago, IL 60632 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (773) 890-1010 ITEM 5. OTHER EVENTS On June 7, 2001, Home Products International, Inc. (the "Company"), a diversified housewares company, entered into a definitive agreement to sell its commercial servingware unit, Plastics, Inc., to A & E Products Group LP, an affiliate of Tyco International. The closing of the transaction is scheduled to occur upon the parties' receipt of customary regulatory approvals. The Company intends to use all of the proceeds from the sale to retire debt. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS c) Exhibits Exhibit 99 - Press release dated June 7, 2001. 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. Home Products International, Inc. By: /s/ James E. Winslow --------------------- James E. Winslow Executive Vice President And Chief Financial Officer Dated: June 15, 2001 EX-99 2 ex-99.txt PRESS RELEASE OF JUNE 7, 2001 Exhibit 99 FOR: Home Products International, Inc. APPROVED BY: James R. Tennant, Chairman & CEO Home Products International, Inc. (773) 890-1010 FOR IMMEDIATE RELEASE CONTACT: Investor Relations: James Winslow, Executive VP & CFO Home Products International, Inc. (773) 890-1010 HOME PRODUCTS INTERNATIONAL ANNOUNCES AGREEMENT TO SELL PLASTICS INC. DIVISION TO A & E PRODUCTS GROUP LP, AN AFFILIATE OF TYCO INTERNATIONAL Chicago, IL, June 7, 2001 - Home Products International, Inc. (Nasdaq SmallCap: HPII) ("HPI"), a diversified housewares company, announced today that it has entered into a definitive agreement with A & E Products Group LP, an affiliate of Tyco International, to sell its commercial servingware unit, Plastics Inc. Terms were not released pending the closing of the transaction which will occur upon the receipt of customary regulatory approvals. The Company stated that all of the proceeds will be used to retire debt. In announcing the transaction, HPI Chairman and CEO James Tennant explained the reasons for the divestiture: "This important step allows HPI to very significantly reduce our debt load which will let us focus all of our resources on our core retail business." After the closing, the Company expects to hold a conference call to review the specifics of this transaction. Home Products International, Inc. is an international consumer products company specializing in the manufacture and marketing of quality diversified housewares products. The Company sells its products to all the largest national retailers. Some ofthe statements made in this press release are forward-looking and concern the company's future growth, product development, markets and competitive position. While management will make its best efforts to be accurate in making these forward-looking statements, any such statements are subject to risks and uncertainties that could cause HPI's actual results to vary materially. These risks include market risks such as increased competition for both the company and its end users and changes in retail distribution channels; economic risks; financial risks such as fluctuations in the price of raw materials, future liquidity and access to debt and equity markets. Should one or more of these risks or uncertainties materialize, actual results may vary materially from those anticipated, expected or projected. The company undertakes no obligation to update any such factors or to announce the results of any revision to any of the forward-looking statements contained herein to reflect future events or development. -----END PRIVACY-ENHANCED MESSAGE-----