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): November 22, 1994 (November 11, 1994)
Maytag Corporation
(Exact name of registrant as specified in its charter)
Delaware 1-655 42-0401785
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
403 West 4th Street North, Newton, Iowa 50208
(Address of principal executive offices) Zip Code)
Registrant's telephone number,
including area code: (515) 792-8000
N/A
(Former name or former address, if changed since last report.)
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Item 5. Other Events
The Company announced on November 11, 1994 that it will invest approximately
$160 million over the next three years at its refrigerator production facility
in Galesburg, Illinois.
A copy of the Company's press release issued November 11, 1994 is attached
as Exhibit 99(a) and is incorporated herein by reference.
Item 7. Financial Statements and Exhibits
(c) Exhibits.
The exhibits accompanying this report are listed in the accompanying Exhibit
Index.
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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.
Maytag Corporation
(Registrant)
By: Mark A. Garth
Mark A. Garth
Vice President &
Corporate Controller
November 22, 1994
(Date)
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EXHIBIT INDEX
The following exhibit is filed herewith.
Exhibit No. Exhibit
99(a)Press Release.
FOR IMMEDIATE RELEASE
Contact: Lisa Mendheim
Phone: (515)791-8380
NEWTON, IOWA--(November 11, 1994)--Maytag Corporation has announced it will
invest approximately $160 million over the next three years at its refrigerator
production facility in Galesburg, Ill.
The capital improvement project will involve the complete redesign of
the corporation's line of refrigerators and new manufacturing equipment and
processes. Various changes will also be made in order to meet 1998 Department
of Energy refrigerator standards and the upcoming ban on chlorofluorocarbons
CFCs).
Commenting on the project, Maytag's Chairman and CEO Leonard A. Hadley
said, "I am very excited about this opportunity to design new refrigerator
models that will be even more appealing to consumers and advance our
competitive position in the marketplace. Additionally, this project will
permit us to further enhance the quality of our refrigerators, provide
increased production and give us improved manufacturing efficiency and
responsiveness."
Today's announcement follows an agreement that was reached last week by
Maytag and members of Local 2063 of the International Association of
Machinists and Aerospace Workers at the Galesburg plant. The agreement is for an
extension of the current contract and provides for improvements in cost and
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productivity as well as continuous workforce support of the project through
implementation.
"The support we are receiving from the Maytag employees in Galesburg is
an indication of the commitment and dedication to this project that has been
shown by our Galesburg team. In addition, the support of the city of
Galesburg and the state of Illinois is a first, but very important step, in
the successful development, production and distribution of our next generation
of state-of-the-art, energy- efficient refrigerators," Hadley concluded.
Maytag Corporation is a leading appliance enterprise focused on five
principal areas of home management: laundry, cooking, dishwashing,
refrigeration and floor care. Vending equipment is an additional corporate
business. The corporation's appliance brands include Maytag, Hoover, Jenn-
Air, Magic Chef and Admiral. Dixie-Narco is the vending equipment
manufacturer.
Headquartered in Newton, Iowa, Maytag has 20 manufacturing operations in
six countries and approximately 21,000 employees worldwide.
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CPI9433
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