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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): June 6, 1997
WAXMAN INDUSTRIES, INC.
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(Exact name of registrant as specified in its charter)
DELAWARE 1-10273 34-0899894
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
24460 AURORA ROAD, BEDFORD HEIGHTS 44146
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(Address of principal executive offices) (Zip Code)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (216) 439-1830
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NOT APPLICABLE
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS.
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On June 6, 1997, Waxman Industries, Inc. (the "Company")
issued the press release (the "Press Release") annexed as an exhibit hereto. The
Press Release is incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
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(c) EXHIBITS.
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99.1 Press Release of Waxman Industries, Inc.
dated June 6, 1997.
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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.
WAXMAN INDUSTRIES, INC.
(Registrant)
Dated: June 18, 1997 By: /s/ Mark W. Wester
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Mark W. Wester
Vice President- Finance
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INDEX TO EXHIBITS
EXHIBIT NO. PAGE NO.
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99.1 Press Release of Waxman Industries, Inc.
dated June 6, 1997
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Exhibit 99.1
WAXMAN NYSE: WAX
Waxman Industries, Inc. N E W S R E L E A S E
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FOR ADDITIONAL INFORMATION, CONTACT: At The Company: At The Financial Relations Board, Inc.:
Armond Waxman, President Kathleen M. Brunson
216-439-1830 312-266-7800 (Chicago)
Mark Wester, Vice President-Finance Regina K. Ryan
216-439-1830 212-661-8030 (New York)
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FOR IMMEDIATE RELEASE
WAXMAN INDUSTRIES, INC. ANNOUNCES REPURCHASE
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OF $12 MILLION OF 11 1/8% SENIOR NOTES
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BEDFORD HEIGHTS, OHIO -- June 6, 1997 - Waxman Industries, Inc.
(NYSE-WAX), a leading supplier to the U.S. repair and remodeling market,
announced that it commenced an offer to purchase $12.0 million principal amount
of the outstanding 11 1/8% Waxman USA Inc. Senior Notes due 2001 at par value.
The purchase offer expires on July 3, 1997. The Company intends to redeem the
Senior Notes not tendered in the offer to purchase.
Waxman USA recently raised $21.6 million in net proceeds from a
secondary offering of shares of common stock of Barnett Inc. owned by it. Waxman
USA, a wholly-owned subsidiary of the Company, continues to own 44.5% of the
outstanding capital stock of Barnett.
