-----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, Um0LqMbvUgofRFn91j4dGFKrUguCl231l4DMdpzbP9Goh8Q6HAuRPIUcLBeeKaW3 KqoICjIJq1voxPCig6UMDQ== /in/edgar/work/20000623/0000950124-00-003863/0000950124-00-003863.txt : 20000920 0000950124-00-003863.hdr.sgml : 20000920 ACCESSION NUMBER: 0000950124-00-003863 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000622 ITEM INFORMATION: FILED AS OF DATE: 20000623 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TECUMSEH PRODUCTS CO CENTRAL INDEX KEY: 0000096831 STANDARD INDUSTRIAL CLASSIFICATION: [3585 ] IRS NUMBER: 381093240 STATE OF INCORPORATION: MI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-00452 FILM NUMBER: 659789 BUSINESS ADDRESS: STREET 1: 100 E PATTERSON ST CITY: TECUMSEH STATE: MI ZIP: 49286 BUSINESS PHONE: 5174238411 MAIL ADDRESS: STREET 1: 100 EAST PATTERSON STREET CITY: TECUMSEH STATE: MI ZIP: 49286 8-K 1 0001.txt FORM 8-K 1 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): JUNE 22, 2000 TECUMSEH PRODUCTS COMPANY (Exact name of registrant as specified in its charter) MICHIGAN (State or other jurisdiction of incorporation or organization) 0-452 38-1093240 (Commission File Number) (IRS Employer Identification Number) 100 EAST PATTERSON STREET TECUMSEH, MICHIGAN 49286 (Address of principal executive offices, including zip code) Registrant's telephone number, including area code: (517) 423-8411 NOT APPLICABLE (Former name or former address, if changed since last report) 2 ITEM 5. OTHER EVENTS. The registrant's press release dated June 22, 2000, regarding its expected earnings per share for the quarter ending June 30, 2000, is attached. SIGNATURES Pursuant to the requirements of the Securities Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. TECUMSEH PRODUCTS COMPANY Date: June 23, 2000 By: /s/ JOHN H. FOSS -------------------------- John H. Foss Vice President, Treasurer and Chief Executive Officer S-1 3 Exhibit Index -------------
Exhibit No. Description - ----------- ----------- 99.1 Press Release
EX-99.1 2 0002.txt PRESS RELEASE 1 June 22, 2000 EXHIBIT 99.1 FOR IMMEDIATE RELEASE THROUGH PR NEWSWIRE Released: June 22, 2000 @ 8:38 p.m. TECUMSEH PRODUCTS COMPANY ANNOUNCES PRELIMINARY SECOND QUARTER RESULTS Tecumseh, Michigan, June 22, 2000 - Tecumseh Products Company (NASDAQ: TECUA, TECUB) today announced that it expects its earnings per share for the second quarter ending June 30, 2000 to be in a range from $1.40 to $1.47. These lower than anticipated earnings result primarily from declining profits in two of the Company's major business segments, Engine & Power Train Products and Compressor Products. Engine & Power Train Products results have been adversely impacted by lower than expected sales of lawn and garden engines and for various utility applications including engines for generators. Additionally, the product mix has been less favorable reflecting lower than expected sales of higher margin products. It is expected that these factors will continue to impact the Engine & Power Train Group for the balance of the year. The Company is aggressively addressing these market-driven conditions and attempting to bring costs in line with projected production levels and product mix. In the Compressor business, sales of air conditioning products in North America are well below expected rates because of continuing and accelerating competition and less than anticipated market penetration. Sales and margins of the Company's Brazilian subsidiary are also running at lower than previously forecasted levels. Indian results continue to be adversely impacted by the lingering effects of a work stoppage and start up costs associated with a new manufacturing plant. Worldwide conditions in the compressor markets are not expected to improve significantly throughout the balance of the year. Third quarter and full year 2000 results are expected to be below 1999 levels as well. This release contains forward-looking statements within the meaning of the "Private Securities Litigation Reform Act of 1995" and are subject to the safe harbor provisions created by that Act. Actual results may differ materially from those projected as a result of certain risks and uncertainties inherent in business forecasts as more fully described in the Company's Annual Report on Form 10-K. Tecumseh Products Company is a full-line independent global manufacturer of hermetic compressors for air conditioning and refrigeration products, gasoline engines and power train products for lawn and garden applications, and a diversified line of pumps for the private and commercial consumer. Contact: Pat Walsh (517) 423-8455 Tecumseh Products Company /s/ JOHN H. FOSS ------------------------------------ Certified by John H. Foss Tecumseh Products Company Vice President, Treasurer & CFO
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