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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): January 8, 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 a call for the redemption of all of its
remaining Series 2 Preferred Stock and thereby all outstanding
Depositary Shares which represent the Series 2 Preferred Stock. The
Depositary Shares represent interests in one-fourth of one share of
Kaman Series 2 Preferred Stock and are convertible in multiples of
four into shares of Class A Common Stock. The redemption date is
February 9, 1998. The conversion right of the Depositary Shares
expires at the close of business on February 2, 1998.
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 January 7,
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: January 8, 1998
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EXHIBIT INDEX
Exhibit Description
99 Press Release of the Company, dated January 7,
1998
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KAMAN CALLS FOR REDEMPTION OF REMAINING PREFERRED STOCK
BLOOMFIELD, Connecticut (January 7, 1998) - (NASDAQ:KAMNA) Kaman
Corp., tomorrow, will call for the redemption of all of its remaining
Series 2 Preferred Stock and thereby all outstanding Depositary
Shares (NASDAQ:KAMNZ) which represent the Series 2 Preferred Stock.
The redemption date is Feb. 9, 1998.
On Nov. 21, Kaman called for the redemption of one-third of its
Series 2 Preferred Stock. As a result of that call, substantially all
of the stock called for redemption was converted into Kaman Class A
Common Stock prior to the redemption date of Dec. 23, 1997. As of
Dec. 31, 1997, there were 188,456 shares of Series 2 Preferred Stock
remaining outstanding and 19,933,456 shares of Kaman's Class A Common
Stock outstanding.
The Depositary Shares represent interests in one-fourth of one share
of Kaman Series 2 Preferred Stock and are convertible in multiples
of four into shares of Class A Common Stock. The conversion right of
the Depositary Shares expires at the close of business on Feb. 2,
1998.
Each four Depositary Shares are convertible into 15.92 shares of
Kaman Class A Common Stock. Fractional shares will be settled by
cash. Depositary Shares not converted will be redeemed at a price of
$207.80 for each four Depositary Shares ($51.95 per Depositary Share)
plus accrued dividends to the redemption date. Record holders of
Depositary Shares will receive a redemption notice from the
redemption agent, ChaseMellon Shareholder Services, L.L.C.
Kaman Corp., based here, is a diversified company providing products
and services to industrial, commercial and defense markets.
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Contact:
David Long
(860) 243-6319
Email: [email protected]
Homepage: http://www.kaman.com
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