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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): February 9, 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 the completion of 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
represented a one-fourth interest of one share of Kaman Series 2 Preferred
Stock and were convertible in multiples of four into shares of the Company's
Class A common stock. The redemption date was February 9, 1998, and the
right to convert Depositary Shares into Class A common stock expired at the
close of business on February 2, 1998. The redemption process, involving
two separate redemption calls in November 1997 and January 1998, resulted in
the conversion of substantially all of the shares of Series 2 Preferred
Stock into Class A common stock of the corporation.
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 February 9,
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: February 9, 1998
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EXHIBIT INDEX
Exhibit Description
99 Press Release of the Company, dated February 9,
1998
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KAMAN COMPLETES REDEMPTION OF PREFERRED STOCK
BLOOMFIELD, Connecticut (Feb. 9, 1998) - (NASDAQ:KAMNA) Kaman Corp.
announced that as of today it has completed the redemption process
for all of its Series 2 Preferred Stock and thereby all outstanding
Depositary Shares (NASDAQ:KAMNZ) which represent the Series 2
Preferred Stock.
On Nov. 20, 1997, the company initially called for the redemption of
one-third of the Series 2 Preferred Stock with a redemption date of
Dec. 23, 1997. Subsequently, on Jan. 8, 1998, Kaman called for
redemption of all of the remaining shares of the Series 2 Preferred
Stock, with a redemption date of Feb. 9, 1998.
As a result of these two calls for redemption, substantially all of
the Preferred Stock has been converted into 4,546,220 shares of Kaman
Class A Common Stock, bringing the total Class A Common shares
outstanding to about 22,940,000.
Kaman Corp., 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]
Homepage: http://www.kaman.com
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