-----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, Cb6BzP/Shcd+R/gz7k+j/NszQIqIbb+t62iqU+/l3/tI5QBnji5KxaK2soGIrFNG m7rS9gn3nkV/r0iKAS8QWA== 0001047469-99-001007.txt : 19990114 0001047469-99-001007.hdr.sgml : 19990114 ACCESSION NUMBER: 0001047469-99-001007 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19981228 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19990113 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STEINWAY MUSICAL INSTRUMENTS INC CENTRAL INDEX KEY: 0000911583 STANDARD INDUSTRIAL CLASSIFICATION: MUSICAL INSTRUMENTS [3931] IRS NUMBER: 351910745 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-11911 FILM NUMBER: 99505331 BUSINESS ADDRESS: STREET 1: 600 INDUSTRIAL PARKWAY CITY: ELKHART STATE: IN ZIP: 46516 BUSINESS PHONE: 2195221675 MAIL ADDRESS: STREET 1: 600 INDUSTRIAL PARKWAY CITY: ELKHART STATE: IN ZIP: 46516 FORMER COMPANY: FORMER CONFORMED NAME: SELMER INDUSTRIES INC DATE OF NAME CHANGE: 19940209 8-K 1 FORM 8-K 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): December 28, 1998 STEINWAY MUSICAL INSTRUMENTS, INC. (Exact name of registrant as specified in its charter) DELAWARE 001-11911 35-1910745 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 800 SOUTH STREET, SUITE 425 WALTHAM, MASSACHUSETTS 02453-1472 (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code (781) 894-9770 Item 5. OTHER EVENTS On December 28, 1998 Boston Piano GmbH, an indirect wholly owned subsidiary of Steinway Musical Instruments, Inc. acquired from Mr. Hans-Georg Narath, Ms. Grete Kluge and Ms. Bernhild Clausen the following Kluge companies ("Kluge") for DM 3,050,000 (approximately $1.8 million). The companies included in the acquisition were Hermann Kluge GmbH & Co. KG, BOHN Claviaturen GmbH & Co. KG and Hermann Kluge Beteiligungs-gesellschaft mbH. Kluge has facilities in Wuppertal, Germany and Wilkow, Poland and employs 50 skilled craftsmen. For 1998, Kluge's earnings before interest, depreciation and taxes are estimated to be DM 1,100,000 (approximately $650,000). See press release attached hereto as Exhibit 99.1. Item 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits Number Description ------ ----------- 99.1 Press Release issued by the Company on January 4, 1999 announcing the acquisition of the Kluge companies
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. STEINWAY MUSICAL INSTRUMENTS, INC. /s/ Dana D. Messina Dana D. Messina Director, President and Chief Executive Officer Date: January 12, 1999
EX-99.1 2 EXHIBIT 99.1 EXHIBIT 99.1 FOR IMMEDIATE RELEASE: STEINWAY ACQUIRES EUROPE'S LARGEST PIANO KEY MANUFACTURER WALTHAM, MA - January 4, 1999 - Steinway Musical Instruments, Inc. (NYSE: LVB) today announced that it acquired Kluge, Europe's largest manufacturer of piano keys, on December 28, 1998. The purchase price was approximately 3 million Deutsche marks. Kluge, which has manufacturing facilities in Wuppertal, Germany and Wilkow, Poland, generates annual revenues of over 6 million Deutsche marks. Mr. Hans-Georg Narath will maintain his position as managing director after the acquisition. Commenting on the acquisition, Dana D. Messina, Chief Executive Officer stated, "The completion of this transaction is consistent with our strategy of acquiring complementary businesses. Kluge, with its consistent profitability and reputation for excellence, fits our acquisition profile. We look forward to a smooth, successful integration of Kluge into our piano business." Bruce A. Stevens, President of Steinway & Sons, added, "We are very excited about this opportunity. Kluge has produced the industry's finest piano keys since 1876 and for virtually that entire period Steinway & Sons has been a major customer. Vertically integrating this acquisition will greatly improve our manufacturing efficiency." Steinway Musical Instruments, Inc. through its Steinway and Selmer subsidiaries is one of the world's leading manufacturers of musical instruments. Its notable products include Steinway & Sons pianos, Selmer saxophones, Bach trumpets and Ludwig drums. Additional information can be obtained by visiting our web site: www.steinwaymusical.com. Contact: Steinway Musical Instruments, Inc. Dennis M. Hanson Phone: (781) 894-9770 E-mail: ir@steinwaymusical.com
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