<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
CURRENT REPORT
AMENDMENT NO. 2
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): March 29, 1996
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THE TRANZONIC COMPANIES
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(Exact name of registrant as specified in its charter)
Ohio 1-5774 34-0664235
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(State or other (Commission File Number) (I.R.S. Employer
jurisdiction of Identification
incorporation) Number)
30195 Chagrin Boulevard, Pepper Pike, Ohio 44124
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(Address of principal executive offices) (ZIP Code)
Registrant's telephone number, including area code: (216)831-5757
----------------------------
N/A
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(Former name or former address if changed from last report)
<PAGE> 2
The undersigned hereby amends and restates in its entirety Item
7(b) and (c) of the undersigned's Current Report on Form 8-K dated March 29,
1996 as follows:
Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL
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INFORMATION AND EXHIBITS
------------------------
(b) Pro Forma Financial Information Unaudited
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The following financial statement is filed herewith as a
part of this Report:
1. The Tranzonic Companies Unaudited Pro Forma
Condensed Consolidated Statement of Earnings for
the year ended February 29, 1996.
(c) Exhibits
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10.1 Asset Purchase Agreement by and among
Whitney-Corr-Pak International, Inc., The
Tranzonic Companies, Design Trend, Inc. and
Ever-Ready Appliance Mfg. Co. dated February
29, 1996(1)
27 Financial Data Schedule(2)
- --------
(1) Previously filed.
(2) Filed only in electronic format pursuant to Item 601(b)(27) of
Regulation S-K.
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<PAGE> 3
THE TRANZONIC COMPANIES
Pro Forma Financial Information
Unaudited
On February 29, 1996, The Tranzonic Companies (Registrant) signed a definitive
agreement to sell substantially all of the assets of Design Trend, Inc. and
Ever-Ready Appliance Mfg. Co. The sale was completed on March 29, 1996.
The following unaudited financial statement sets forth the pro forma condensed
results of operations as if the sale had taken place as of the beginning of the
fiscal year, March 1, 1995.
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<PAGE> 4
THE TRANZONIC COMPANIES
Unaudited Pro Forma Consolidated Condensed Statement of Earnings
For the year ended February 29, 1996
<TABLE>
<CAPTION>
Pro Forma
Continuing Pro Forma Continuing
Operations Adjustments Operations
---------- ----------- ----------
<S> <C> <C> <C>
Sales $ 137,215,521 - 137,215,521
Cost and expenses
Cost of goods sold 94,171,671 - 94,171,671
Selling, general and administrative
expenses 35,864,284 28,544 (1) 35,892,828
------------ -------- ------------
130,035,955 28,544 130,064,499
----------- -------- -----------
Operating earnings 7,179,566 (28,544) 7,151,022
Interest income 91,386 - 91,386
Interest expense (685,642) 674,201 (2) (11,441)
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Earnings from continuing
operations before income taxes 6,585,310 645,657 7,230,967
Income taxes 2,169,000 267,000 2,436,000
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Net earnings from continuing
operations $ 4,416,310 378,657 4,794,967
============= ======= =============
Net earnings from continuing operations
per common and common equivalent
share 1.36
====
Average Class A and Class B
common and common equivalent
shares outstanding 3,525,457
=========
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<FN>
(1) Represents additional commitment fees on change in outstanding debt.
(2) Represents impact on liquidation of outstanding debt at beginning of period
presented.
Note: There are no material nonrecurring charges anticipated.
</TABLE>
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<PAGE> 5
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
Registrant has caused this report to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: September 24, 1996 THE TRANZONIC COMPANIES
By: /s/ Robert S. Reitman
----------------------
Name: Robert S. Reitman
Title: President
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<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
This Schedule contains Summary Financial Information extracted from Unaudited
Pro Forma Consolidated Condensed Statement of Earnings for the Year Ended
February 29, 1996 and is qualified in its entirety by reference to such
Financial Statements.
</LEGEND>
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> FEB-29-1996
<PERIOD-START> MAR-01-1995
<PERIOD-END> FEB-29-1996
<CASH> 0
<SECURITIES> 0
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 0
<PP&E> 0
<DEPRECIATION> 0
<TOTAL-ASSETS> 0
<CURRENT-LIABILITIES> 0
<BONDS> 0
<COMMON> 0
0
0
<OTHER-SE> 0
<TOTAL-LIABILITY-AND-EQUITY> 0
<SALES> 137,215,521
<TOTAL-REVENUES> 137,215,521
<CGS> 94,171,671
<TOTAL-COSTS> 130,064,499
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 11,441
<INCOME-PRETAX> 7,230,967
<INCOME-TAX> 2,436,000
<INCOME-CONTINUING> 0
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 4,794,967
<EPS-PRIMARY> 1.36
<EPS-DILUTED> 0
</TABLE>
