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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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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): January 14, 2000
HMI INDUSTRIES INC
(Exact name of registrant as specified in its charter)
DELAWARE
(State or Other Jurisdiction of Incorporation)
2-30905 36-1202810
(Commission File Number) (IRS Employer Identification No.)
6000 Lombardo Center, Suite 500
Seven Hills, Ohio 44131
(Address of Principal Executive Offices and Zip Code)
Registrant's telephone number, including area code: (216) 986-8008
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ITEM 5. OTHER EVENTS.
On January 14, 2000, HMI Industries Inc. issued a press release to announce its
approximated earnings for the first quarter ended December 31, 1999. The press
release is attached as Exhibit 99 and this form 8-K incorporates by reference
the press release.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibits
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99 Press release of HMI Industries Inc. dated Attached
January 14, 2000.
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.
HMI INDUSTRIES INC.
(Registrant)
Date: January 14, 2000 By: /s/ Julie A. McGraw
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Julie A. McGraw
Vice President - Corporate Controller
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EXHIBIT 99
Contact: HMI Industries Inc.
James R. Malone
Carl H. Young III
(216) 986-8111
FOR IMMEDIATE RELEASE
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HMI Industries Inc. Anticipates Second Profitable Quarter
CLEVELAND, Ohio, January 14, 2000... HMI Industries Inc. today reported net
income of approximately $250,000, or $.05 per share (diluted) and revenues which
approximated $8,500,000, for its first quarter results ended December 31, 1999.
This represents the second consecutive profitable quarter for HMI. On November
18, 1999 HMI announced profitable fourth quarter earnings for the quarter ended
September 30, 1999 which marked the first time in sixteen quarters that HMI has
had profitable earnings from continuing operations.
"While our focus is on the implementation of strategic processes to improve top
line growth, we strive daily to continuously improve the quality of our
products, decrease product costs and reduce non-sales growth expenses. These
efforts have generated larger contribution margins and positive earnings," said
Mr. Malone, Chairman and CEO. "Developing a better trained and more
knowledgeable distribution network, increasing product awareness and brand
recognition, expanding the geographic and demographic markets in which our
products are distributed and sold and continuing to streamline processes and
lower costs are some of the initiatives identified as those that will make
forward progress and continued profits a reality".
HMI is a globally oriented, direct selling company engaged in the manufacture
and sale of high filtration portable surface cleaners, central vacuum cleaning
systems and portable room air cleaners. The company's high filtration portable
surface cleaner and portable room air cleaner are sold under the trade names
Filter Queen(R), Princess(R), Majestic(R), Empress(R) and Defender(R) and its
central vacuum cleaning system is sold under the trade names Vacu-Queen(R) and
Majestic II(R). The company's shares are traded on the OTC Bulletin Board under
the symbol "HMII.OB."
Some statements in this press release are forward-looking statements that
involve risks and uncertainties, and actual results may differ materially. Among
other factors that could cause actual results to differ materially are the
following: business and economic conditions; unanticipated costs; and other risk
factors listed from time to time in the company's SEC reports, including, but
not limited to, the report on Form 10-K for the fiscal year ended September 30,
1999 (Part II, Item 7, MD&A section).
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