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) AUGUST 31, 2000
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FRANKLIN ELECTRIC CO., INC.
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(Exact name of registrant as specified in its charter)
Indiana 0-362 35-0827455
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
400 East Spring Street
Bluffton, Indiana 46714
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(Address of Principal Executive Offices) (Zip Code)
(219) 824-2900
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(Registrant's telephone number, including area code)
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Item 2. ACQUISITION OR DISPOSITION OF ASSETS
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On August 31, 2000, the Registrant acquired all of the outstanding shares of
capital stock of EBW, Inc. and Advanced Polymer Technology, Inc. (the
"Companies"), manufacturers of petroleum industry equipment. The Registrant
paid to the selling shareholders of the Companies an aggregate of $20.3
million at the closing date, consisting of $10.3 million in cash and the
issuance of $10.0 million of the Registrant's common stock (154,247 shares).
The Registrant may pay additional consideration contingent on the future
earnings performance of the Companies through December 31, 2003.
SIGNATURES
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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.
Franklin Electric Co., Inc.
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(Registrant)
Date September 13, 2000 By /s/ Gregg C. Sengstack
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Gregg C. Sengstack
Vice President and
Chief Financial Officer
