<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): FEBRUARY 17, 1998
ZERO CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 1-5260 95-1718077
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
444 SOUTH FLOWER STREET, LOS ANGELES, CALIFORNIA 90071-2922
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (213)629-7000
Page 1 of 5 pages
<PAGE>
ITEM 5. OTHER EVENTS.
On February 13, 1998 the Company announced an agreement to extend the escrow
period for the sale of its property located in Burbank, California. The Company
had previously announced on February 4, 1998 that the agreement to purchase
the property had terminated. Copies of the press releases are attached to this
report as exhibits and are incorporated herein by reference.
ITEM 7. EXHIBITS.
(a) 99.1 Press release dated February 3, 1998
(b) 99.2 Press release dated February 13, 1998
Page 2 of 5 pages
<PAGE>
SIGNATURE
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.
ZERO CORPORATION
Dated: February 17, 1998 By: /S/ ANITA J. CUTCHALL
Anita J. Cutchall
Vice President-Legal and
Corporate Secretary
Page 3 of 5 pages
<PAGE>
NEWS RELEASE
CONTACT: George Daniels
Vice President/CFO
FOR IMMEDIATE RELEASE (800)423-3868
[email protected]
ZERO CORPORATION ANNOUNCES TERMINATION OF AGREEMENT
FOR SALE OF BURBANK PLANT SITE
LOS ANGELES (February 4, 1998) - ZERO Corporation (NYSE/PSE:ZRO) today
announced that the agreement to purchase ZERO's former manufacturing site in
Burbank, California for a purchase price of $12.75 million terminated. The
exercise of the option to purchase the property was previously announced on
December 23, 1997.
Wilford D. Godbold, Jr., President and Chief Executive Officer of ZERO
Corporation, said, "Herbert F. Boeckmann, II, owner of Galpin Ford, advised us
that the transaction could not be completed as scheduled. Although there is no
assurance that the sale will be completed, we are continuing to work with Mr.
Boeckmann."
ZERO Corporation's primary business is protecting electronics, where it serves
the system packaging, thermal management and engineered case requirements of
the telecommunications, instrumentation and data processing markets. ZERO also
serves the air cargo industry and produces the famous line of ZERO
Halliburton(R) cases for consumers worldwide. More information on ZERO is
available at its home page at WWW.ZEROCORP.COM.
# # #
ZERO Corporation, 444 South Flower, Suite 2100, Los Angeles, California 90071
EXHIBIT 99.1
Page 4 of 5 pages
<PAGE>
NEWS RELEASE
CONTACT: George Daniels
Vice President/CFO
FOR IMMEDIATE RELEASE (800)423-3868
[email protected]
ZERO CORPORATION ANNOUNCES AGREEMENT TO EXTEND ESCROW PERIOD
FOR SALE OF BURBANK PLANT SITE
LOS ANGELES (February 13, 1998)-ZERO Corporation (NYSE/PSE:ZRO) today announced
an agreement to extend the escrow period for the sale of ZERO's former
manufacturing site in Burbank, California. The sales price remains unchanged
at $12.75 million. The termination of the agreement for the sale of the
property was previously announced on February 4, 1998.
Wilford D. Godbold, Jr., President and Chief Executive Officer of ZERO
Corporation, said, "We have agreed with Herbert F. Boeckmann, II, owner of
Galpin Ford, to extend the escrow period to March 25, 1998 for an additional
deposit. Although there is no assurance that the sale will be completed, we
are continuing to work with Mr. Boeckmann."
ZERO Corporation's primary business is protecting electronics, where it serves
the system packaging, thermal management and engineered case requirements of
the telecommunications, instrumentation and data processing markets. ZERO also
serves the air cargo industry and produces the famous line of ZERO
Halliburton(R) cases for consumers worldwide. More information on ZERO is
available at its home page at WWW.ZEROCORP.COM.
# # #
ZERO Corporation, 444 South Flower, Suite 2100, Los Angeles, California 90071
EXHIBIT 99.2
Page 5 of 5 pages
