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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) February 16, 1999
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Kevco, Inc.
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(Exact name of registrant as specified in its charter)
Texas 000-21621 75-2666013
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1300 S. University Drive, Suite 200, Fort Worth, Texas 76107
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (817) 332-2758
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ITEM 5. OTHER EVENTS.
On February 15, 1999, Kevco, Inc. issued the following press release:
FORT WORTH, Texas (BUSINESS WIRE) -- Feb. 15, 1999 -- Kevco, Inc.
(Kevco) (Nasdaq/NM:KVCO) today announced that Wingate Partners II, L.P.
(Wingate) has delivered a notice to Kevco terminating the contemplated
transaction pursuant to which Wingate would purchase Kevco common stock
and warrants. Further discussions between Kevco, Wingate and Kevco's
lenders are contemplated, although no assurances can be given that such
discussions will be successful.
Kevco, headquartered in Fort Worth, Texas, is the largest wholesale
distributor and manufacturer of building products to the manufactured
housing and recreational vehicle industries.
CERTAIN STATEMENTS IN THIS NEWS RELEASE CONSIST OF FORWARD-LOOKING
STATEMENTS THAT INVOLVE RISKS AND UNCERTAINTIES, INCLUDING, BUT NOT
LIMITED TO, THE COMPANY'S SUBSTANTIAL LEVERAGE AND ITS EFFECTS ON THE
COMPANY'S ABILITY TO OBTAIN ADDITIONAL CAPITAL AS NEEDED, THE COMPANY'S
ABILITY TO INTEGRATE ITS OPERATIONS AND SUCCESSFULLY IMPLEMENT NEW
INFORMATION MANAGEMENT SYSTEMS, THE COMPANY'S SUCCESS IN ADDRESSING AND
REMEDIATING YEAR 2000-RELATED ISSUES, THE COMPANY'S ABILITY TO
PROFITABLY OPERATE ITS NEW MANUFACTURING FACILITIES, CUSTOMER DEMAND
FOR MANUFACTURED HOUSING AND RECREATIONAL VEHICLES, THE EFFECT OF
ECONOMIC CONDITIONS, THE IMPACT OF RAW MATERIALS PRICES, THE COMPANY'S
ABILITY TO MAINTAIN PROFITABILITY IN THE EVENT OF THE LOSS OF A
SIGNIFICANT CUSTOMER AND OTHER RISKS DETAILED FROM TIME TO TIME IN THE
REPORTS FILED BY THE COMPANY WITH THE SECURITIES AND EXCHANGE
COMMISSION, INCLUDING THE COMPANY'S ANNUAL REPORT ON FORM 10-K.
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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.
Kevco, Inc.
Date: February 17, 1999 By: /s/ Ellis L. McKinley, Jr.
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Vice President, Chief Financial
Officer and Treasurer
