-----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, By0HGFp9+H24lXSm0jyn4KKV43zhZnPY7zDK8dVGIG+aOE8GhmP4/+AkYp/gel5u VWZ4/I8cwLLjyLjUaZsLPQ== 0000921895-02-000122.txt : 20020415 0000921895-02-000122.hdr.sgml : 20020415 ACCESSION NUMBER: 0000921895-02-000122 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020304 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020311 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SL INDUSTRIES INC CENTRAL INDEX KEY: 0000089270 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC LIGHTING & WIRING EQUIPMENT [3640] IRS NUMBER: 210682685 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-04987 FILM NUMBER: 02572443 BUSINESS ADDRESS: STREET 1: 520 FELLOWSHIP ROAD STREET 2: SUITE A114 CITY: MT LAUREL STATE: NJ ZIP: 08054 BUSINESS PHONE: 8567271500 MAIL ADDRESS: STREET 1: 520 FELLOWSHIP ROAD STREET 2: SUITE A114 CITY: MT LAUREL STATE: NJ ZIP: 08054 FORMER COMPANY: FORMER CONFORMED NAME: GL INDUSTRIES INC DATE OF NAME CHANGE: 19710111 FORMER COMPANY: FORMER CONFORMED NAME: SGL INDUSTRIES INC DATE OF NAME CHANGE: 19841008 FORMER COMPANY: FORMER CONFORMED NAME: GL ELECTRONICS CO INC DATE OF NAME CHANGE: 19670928 8-K 1 form8k05380_03042002.htm sec document 
                       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 (Date of earliest event reported): March 4, 2002
                                  -------------

                               SL INDUSTRIES, INC.
- --------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


New Jersey                             1-4987                21-0682685
- ----------------------------------------------------------------------------
 (State or other jurisdiction          (Commission           (IRS Employer
 of incorporation)                     File Number)          Identification No.)


         520 Fellowship Road, Suite A114, Mount Laurel, New Jersey 08054
- --------------------------------------------------------------------------------
                    (Address of principal executive offices)


Registrant's telephone number, including area code:  (856) 727-1500
                                                     --------------

                                       N/A
- --------------------------------------------------------------------------------
         (Former name or former address, if changed since last report.)







Item 5.   Other Events.
          ------------

            On March 4, 2002, SL Industries,  Inc.  received a notice of default
under its revolving credit facility.  For additional  information,  reference is
made to the press  release  attached  hereto as  Exhibit  99.1 and  incorporated
herein by reference.

Item 7.   Financial Statements and Exhibits.
          ---------------------------------

          (c)    Exhibits
                 --------

                 Exhibit No.             Exhibits
                 -----------             --------

                 99.1                    Press Release of SL Industries, Inc.
                                         dated March 8, 2002.








                                    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 hereunto duly authorized.


                                                SL INDUSTRIES, INC.



Dated: March 11, 2002                           By:/s/ David R. Nuzzo
                                                   ----------------------
                                                   Name:  David R. Nuzzo
                                                   Title: Vice President
EX-99 3 exhibit991_03042002.htm sec document 

                                  EXHIBIT 99.1



                      SL INDUSTRIES RECEIVES DEFAULT NOTICE



MT.  LAUREL,  NEW JERSEY,  March 8, 2002 . . . SL  INDUSTRIES,  INC. (NYSE &
PHLX:SL)  announced  that it has  received a notice of default from its lenders.
The notice  states that the Company has  defaulted  under its  revolving  credit
facility due to the Company's  failure to meet the scheduled  debt  reduction to
$25,500,000.  The Company's outstanding debt under the revolving credit facility
was approximately $26.2 million as of March 6, 2002.

The Company is currently in discussions with its lenders in an attempt to extend
the period for the scheduled  debt  reduction  and to resolve  other issues.  As
these discussions are still ongoing,  there can be no assurance that the parties
will be able to extend the  scheduled  debt  reduction  or that the Company will
otherwise obtain a waiver of the default from its lenders.

            SL Industries, Inc. designs, manufactures and markets Power and Data
Quality  (PDQ)  equipment  and  systems  for  industrial,   medical,  aerospace,
telecommunications  and consumer  applications.  For more  information  about SL
Industries,  Inc.  and its  products,  please  visit the  Company's  website  at
www.slpdq.com.


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