SUN HYDRAULICS CORP
8-K, 1999-09-21
MISCELLANEOUS FABRICATED METAL PRODUCTS
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<PAGE>   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): September 20, 1999




                           SUN HYDRAULICS CORPORATION
              ----------------------------------------------------
             (Exact name of registrant as specified in its charter)




          Florida                       0-21835                 59-2754337
 ---------------------------         ------------           -------------------
(State or other jurisdiction          (Commission              (IRS Employer
     of incorporation)               File Number)           Identification No.)





      1500 West University Parkway
            Sarasota, Florida                                      34243
 --------------------------------------                          --------
(Address of principal executive offices)                        (Zip Code)




Registrant's telephone number, including area code:  941-362-1200







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ITEM 5.           OTHER EVENTS.

PRESS RELEASE

         On September 20, 1999, the Company issued the press release attached
hereto as Exhibit 99.1 announcing a $0.04 per share dividend on its common stock
payable on October 15, 1999, to shareholders of record on September 30, 1999.


ITEM 7.           FINANCIAL STATEMENTS AND EXHIBITS.

         (a)      Financial Statements of Businesses Acquired.

                  None.

         (b)      Pro Forma Financial Information.

                  None.

         (c)      Exhibits.

      Exhibit
      Number                          Exhibit Description
      -------                         -------------------
       99.1          Press Release of the Registrant dated September 20, 1999.





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                                    SIGNATURE


         Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this Report to be signed on its behalf
by the undersigned thereunto duly authorized.

                                         SUN HYDRAULICS CORPORATION



                                         By:  /s/ Richard J. Dobbyn
                                              ----------------------------------
                                              Richard J. Dobbyn
                                              Chief Financial Officer (Principal
                                              Financial and Accounting Officer)

Dated:  September 21, 1999





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<PAGE>   4


                                  EXHIBIT INDEX

      Exhibit
       Number                            Exhibit Description
      -------                            --------------------
       99.1          Press Release of the Registrant dated September 20, 1999.







                                      -4-

<PAGE>   1





                                                                    Exhibit 99.1
FOR RELEASE: Immediately

Contact:
Richard K. Arter                 Investor Relations           941-362-1200
Richard J. Dobbyn                Chief Financial Officer      941-362-1200


           SUN HYDRAULICS CORPORATION DECLARES THIRD QUARTER DIVIDEND


SARASOTA, FLA, September 20, 1999 - Sun Hydraulics Corporation (NASDAQ: SNHY)
has announced a $0.04 per share dividend on its common stock. The dividend is
payable on October 15, 1999, to shareholders of record as of September 30, 1999.

Sun Hydraulics Corporation, with manufacturing and distribution facilities in
Sarasota and Manatee, Florida, Coventry, England, Erkelenz, Germany and Incheon,
Korea, is a leading designer and manufacturer of high-performance screw-in
hydraulic cartridge valves and manifolds for worldwide mobile and industrial
markets.






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