<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
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DATE OF REPORT: MARCH 3, 1999
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ACORN PRODUCTS, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
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Delaware 0-22717 22-3265462
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(STATE OR OTHER (COMMISSION FILE NO.) (IRS EMPLOYER
JURISDICTION OF IDENTIFICATION NUMBER)
INCORPORATION OR
ORGANIZATION)
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500 Dublin Avenue
Columbus, Ohio 43215
(614) 222-4400
(ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER
INCLUDING AREA CODE OF REGISTRANT'S
PRINCIPAL EXECUTIVE OFFICES)
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Not Applicable
(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
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<PAGE>
ITEM 5. OTHER EVENTS.
On March 3, 1999, Acorn Products, Inc., a Delaware corporation (the
"Company"), issued a press release announcing that its Board of Directors has
authorized a share repurchase program to permit the acquisition of up to $2.5
million of the Company's common stock during the next 12 months. The press
release is included as Exhibit 99 to this Form 8-K and is incorporated herein by
this reference.
ITEM 7. EXHIBITS.
(c) EXHIBITS.
<TABLE>
<CAPTION>
EXHIBIT NO. DESCRIPTION
<S> <C>
99 Press Release, dated March 3, 1999, entitled "Acorn
Products, Inc. Announces Stock Repurchase Program."
</TABLE>
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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.
ACORN PRODUCTS, INC.
Date: March 3, 1999 By: /s/J. Mitchell Dolloff
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J. Mitchell Dolloff, Vice President
and General Counsel
-3-
<PAGE>
EXHIBIT INDEX
<TABLE>
<CAPTION>
EXHIBIT NO. DESCRIPTION
<S> <C>
99 Press Release, dated March 3, 1999, entitled "Acorn
Products, Inc. Announces Stock Repurchase Program."
</TABLE>
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<PAGE>
EXHIBIT 99
FOR IMMEDIATE RELEASE
For Additional Information Contact:
J. Mitchell Dolloff
Vice President and General Counsel
(614) 222-4400
ACORN PRODUCTS, INC. ANNOUNCES
STOCK REPURCHASE PROGRAM
COLUMBUS, OHIO (March 3, 1999). Acorn Products, Inc. (NASDAQ: ACRN) today
announced that its Board of Directors has authorized a share repurchase program
to permit the acquisition of up to $2.5 million of the Company's common stock
during the next 12 months. The purchases may be made from time to time on the
open market or in privately negotiated transactions, depending upon market
conditions. Purchases will be funded from cash flow from operations and the
Company's existing credit facility.
Acorn Products, Inc., through its operating subsidiary UnionTools, Inc., is a
leading manufacturer and marketer of non-powered lawn and garden tools in the
U.S. The Company's principal products include long handle tools (such as forks,
hoes, rakes and shovels), snow tools, posthole diggers, wheelbarrows, striking
tools, cutting tools and watering products. The Company sells its products
under a variety of well-known brand names, including Razor-Back-Registered
Trademark-, Union-Registered Trademark-, Yard 'n Garden-Registered Trademark-,
Perfect Cut-Registered Trademark- and, pursuant to a license agreement,
Scotts-Registered Trademark-. In addition, the Company manufactures private
label products for a variety of retailers. The Company's customers include mass
merchants, home centers, buying groups and farm and industrial suppliers.
Razor-Back-Registered Trademark-, Union-Registered Trademark-, Yard 'n
Garden-Registered Trademark- and Perfect Cut-Registered Trademark- are
registered trademarks of the Company. Scotts-Registered Trademark- is a
registered trademark of The Scotts Company.
The statements contained herein that are not purely historical are forward
looking statements within the meaning of the Securities Exchange Act of 1934,
including statements regarding the Company's expectations, beliefs, hopes,
intentions or strategies regarding the future. All forward looking statements
contained herein are based upon information available to the Company as of the
date hereof, and the Company assumes no obligation to update any such forward
looking statements. Actual results could differ materially from the Company's
current expectations. Factors that could cause or contribute to such
differences include, but are not limited to, the factors and risks discussed in
the Company's Annual Report on Form 10-K for the fiscal year ended July 31,
1998, the Company's Current Report on Form 8-K dated September 18, 1997, as
amended on October 29,1998 and as may be amended from time to time, and the
other reports filed from time to time by the Company with the Securities and
Exchange Commission.
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