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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): December 16, 1998
KAMAN CORPORATION
(Exact name of issuer as specified in its charter)
Connecticut 0-1093 06-0613548
(State of (Commission (I.R.S.
Incorporation) File Number) Employer
Identification
No.)
1332 Blue Hills Avenue
Bloomfield, CT 06002
(Address of principal executive offices)
Registrant's telephone number, including area code: (860) 243-7100
Not Applicable
(Former name or former address, if changes since last report)
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Item 5. Other Events.
The Company has announced that it has begun a search for a new chief
executive officer to succeed Charles H. Kaman, who will remain as chairman
of the board. Acting on Mr. Kaman's recommendation that a new chief
executive officer be appointed, the board of directors has appointed a
committee, chaired by Mr. Kaman, to conduct the search.
Mr. Kaman's published statement indicates: "I have decided that it is in
the best interests of the company for me to devote my energies and efforts
to further development of Kaman's strategic direction, in the role of
chairman of the board. As I have for the past 53 years, I plan to continue
giving the company my all."
Item 7. Financial Statements and Exhibits
(a) Financial Statements of Business Acquired.
Not Applicable.
(b) Pro Forma Financial Information.
Not Applicable.
(c) Exhibits.
The following document is filed as an Exhibit to this
Report:
Exhibit 99 - Press Release of the Company, dated December 16,
1998.
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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, thereunto duly authorized.
KAMAN CORPORATION
By: Robert M. Garneau
Executive Vice President and
Chief Financial Officer
Dated: December 16, 1998
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EXHIBIT INDEX
Exhibit Description
99 Press Release of the Company, dated December 16,
1998
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KAMAN TO SEEK NEW CEO; CHARLES H. KAMAN TO REMAIN CHAIRMAN
BLOOMFIELD, Connecticut (December 16, 1998) NASDAQ/AMEX:KAMNA)
Kaman Corp. today announced that it has begun a search for a new CEO
to succeed Charles H. Kaman, who will remain as chairman of the
company.
Acting on Mr. Kaman's recommendation that a new CEO be appointed, the
board of directors has appointed a committee, chaired by Mr. Kaman,
to begin the search.
"I have decided that it is in the best interests of the company for
me to devote my energies and efforts to further development of
Kaman's strategic direction, in the role of chairman of the board.
As I have for the past 53 years, I plan to continue giving the
company my all," said Mr. Kaman.
"This transition will be handled as expeditiously as possible. The
ultimate goal is to ensure that the company continues to be led in
the cultural tradition that has sustained it for more than half a
century. In the interim, I will continue as CEO. Until I return to
the office, ongoing business activities are being coordinated through
the corporation's executive vice president and chief
financial officer, Robert M. Garneau," said Kaman.
Hartzel Z. Lebed, retired president of CIGNA Corp. and a director of
Kaman, speaking for the board said, "The board of directors is
unanimous in its appreciation for Charlie's life-long commitment to
the company and for his leadership at all times, in all challenges.
This time is no exception. We are singular in our support for his
decision to concentrate on the strategic direction and opportunities
for the company while seeking a new CEO to lead the company going
forward."
Kaman Corp., founded by Charles H. Kaman in 1945 and based here, is
a $1 billion company with businesses in the aerospace and
distribution markets.
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Contact:
David Long
(860) 243-6319
Email: [email protected]
Web page: http://www.kaman.com
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