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: September 29, 2000
W.R. CARPENTER NORTH AMERICA, INC.
(Exact name of registrant as specified in its charter)
STATE OF DELAWARE 333-31187 54-1049647
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
7433 North First Street,
Fresno, CA 93720
(Address of principal executive offices and zip code)
(559) 353-3950
(Registrant's telephone number, including area code)
Item 5. Other Events.
On September 29, 2000, W.R. Carpenter North America, Inc. (the
"Company") announced the signing and simultaneous closing of a definitive
agreement with a wholly owned subsidiary of United Rentals, Inc.
("NYSE:URI") providing for the sale of all of the assets and outstanding
capital stock of Horizon High Reach, Inc., formerly a wholly owned
subsidiary of the Company for $90 million (subject to certain adjustments
to be based on a post-closing audit). Attached as Exhibit 99.c, and
incorporated herein by this reference, is a copy of the Company's press
release dated September 29, 2000 entitled "W.R. Carpenter Announces the
Sale of Horizon High-Reach, Inc. to United Rentals."
Item 7. Financial Statements and Exhibits
(c) Exhibits.
99.c Press Release of W.R. Carpenter North America, Inc.
Dated September 29,2000
<PAGE>
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this Current Report on Form 8-K to be signed
on its behalf by the undersigned hereunto duly authorized.
Dated: September 29, 2000
W.R. CARPENTER NORTH AMERICA, INC.
By /s/ Graham D. Croot, Chief Financial Officer
EXHIBIT INDEX
Exhibit No. Title
99.c W.R. Carpenter North America, Inc. press release dated
September 29, 2000 entitled
" W.R. Carpenter Announces the Sale of Horizon High-Reach, Inc.
to United Rentals ".
<PAGE>
EXHIBIT 99.C
News Release
September 29, 2000
Source: W. R. Carpenter North America, Inc.
Contact: Graham D. Croot, W.R. Carpenter North America, Inc.
(559)353-3953
W.R. CARPENTER ANNOUNCES THE SALE OF HORIZON HIGH REACH, INC. TO UNITED
RENTALS
FRESNO, CA., SEPTEMBER 29, 2000 -- W.R. Carpenter North America, Inc.
(the "Company") announced today the signing and simultaneous closing
of a definitive agreement with a wholly owned subsidiary of United Rentals, Inc
("NYSE:URI"), whereby the Company has sold all of the assets and outstanding
capital stock of Horizon High Reach, Inc. ("Horizon"), formerly a wholly owned
subsidiary of the Company, for total consideration of $90 million (subject to
certain adjustments to be based on a post-closing audit). At closing, the
Company received consideration consisting of $50 million in cash and two senior
unsecured 5 year promissory notes in the aggregate principal amount
of $40 million.
The Company is a holding company for its wholly owned subsidiary,
UpRight, Inc., a leading manufacturer of aerial work platforms. Horizon is a
leading industrial equipment rental, sales and service company specializing in
aerial work platforms, with annual revenues of approximately $90 million for
the last completed fiscal
year.
Forward-looking statements in this release are made pursuant to
the "safe harbor" provisions of the Private Securities Litigation Reform
Act of 1995. Investors are cautioned that such forward-looking statements
involve risks and uncertainties, including, without limitation, continued
acceptance of the Company's products, increased levels of competition,
new products and technological changes, the Company's dependence upon
third-party suppliers, intellectual property rights, and other risks
detailed from time to time in the Company's periodic reports filed with
the Securities and Exchange Commission.
