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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
AMENDMENT NO. 1
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): October 15, 1997
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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
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N/A
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(Former name or former address if changed from last report)
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Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL
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INFORMATION AND EXHIBITS
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(a) Financial Statements of Business Acquired.
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Not applicable
(b) Pro Forma Financial Information Unaudited
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The following financial statements are filed herewith as a part of
this Report:
1. The Tranzonic Companies Unaudited Pro Forma Condensed
Consolidated Balance Sheet as of August 31, 1997.
2. The Tranzonic Companies Unaudited Pro Forma Condensed
Consolidated Statement of Earnings for the year ended February
28, 1997 and for the Six-Month Period Ended August 31, 1997.*
(c) Exhibits.
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10.1. Asset Purchase Agreement by and among Baxter Tube
Company, The Tranzonic Companies and Caraustar
Industries, Inc. dated September 19, 1997.*
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* Previously filed on October 24, 1997 with the Registrant's Form 8-K dated
October 15, 1997.
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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: December 10, 1997 THE TRANZONIC COMPANIES
By: /s/Robert S. Reitman
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Name: Robert S. Reitman
Title: President
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<TABLE>
<CAPTION>
THE TRANZONIC COMPANIES
UNAUDITED PRO FORMA CONDENSED
CONSOLIDATED BALANCE SHEET
AS OF AUGUST 31, 1997
THE DIVESTITURE PRO FORMA
TRANZONIC OF PRO FORMA TRANZONIC
COMPANIES BAXTER TUBE ADJUSTMENTS COMPANIES
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ASSETS
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<S> <C> <C> <C> <C>
CURRENT ASSETS
CASH $7,980,238 0 10,648,086 (1) 18,628,324
RECEIVABLES 16,595,225 (1,792,397) 0 14,802,828
INVENTORY 20,657,821 (1,601,157) 0 19,056,664
OTHER CURRENT ASSETS 1,659,658 (79,624) 0 1,580,034
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TOTAL CURRENT ASSETS 46,892,942 (3,473,178) 10,648,086 54,067,850
PROPERTY PLANT AND EQUIPMENT 18,901,031 (2,741,479) 0 16,159,552
OTHER NON-CURRENT ASSETS 11,543,745 (2,256,055) 0 9,287,690
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TOTAL ASSETS $77,337,718 (8,470,712) 10,648,086 79,515,092
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LIABILITIES AND SHAREHOLDERS' EQUITY
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CURRENT LIABILITIES
ACCOUNTS PAYABLE $8,511,182 (1,446,443) 0 7,064,739
OTHER CURRENT LIABILITIES 4,624,496 (169,338) 0 4,455,158
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TOTAL CURRENT LIABILITIES 13,135,678 (1,615,781) 0 11,519,897
OTHER NON-CURRENT LIABILITIES 4,140,025 (30,665) (28,032)(2) 4,081,328
SHAREHOLDERS' EQUITY
COMMON SHARES 998,885 0 0 998,885
ADDITIONAL PAID IN CAPITAL 5,902,555 0 0 5,902,555
RETAINED EARNINGS 57,600,132 0 3,851,852 (3) 61,451,984
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64,501,572 0 3,851,852 68,353,424
LESS TREASURY SHARES 4,439,557 0 0 4,439,557
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TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $77,337,718 (1,646,446) 3,823,820 79,515,092
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<FN>
(1) Represents the net after-tax cash proceeds on the sale as follows:
Cash Proceeds $13,528,376
Estimated Per Share
Costs (350,000)
Estimated Tax (2,530,290)
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$10,648,086
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(2) Represents the deferred tax effects of the sale
(3) Represents the net after-tax gain on the sale as follows:
Estimated Book Gain $ 6,382,142
Estimated Tax (2,530,290)
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$ 3,851,852
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