UNITED STATES
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: April 10, 2000
Date of earliest event reported: April 10, 2000
Commission file number 1-655
MAYTAG CORPORATION
A Delaware Corporation I.R.S. Employer Identification No. 42-0401785
403 West Fourth Street North, Newton, Iowa 50208
Registrant's telephone number: 515-792-7000
N/A
(Former name or former address, if changed since last report.)
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Item 5. Other Events
On April 10, 2000, Maytag Corporation announced it will expand its
distribution of Maytag and Jenn-Air brand products to The Home Depot
starting in early May in selected markets.
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: s/s G. J. Pribanic
G. J. Pribanic
Chief Financial Officer
April 10, 2000
(Date)
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EXHIBIT INDEX
The following exhibit is filed herewith.
Exhibit No. Exhibit
99(a) Press Release.
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MAYTAG AND JENN-AIR APPLIANCES
WILL BE SOLD IN HOME DEPOT STORES
NEWTON, IOWA--(April 10, 2000)--Maytag will expand its distribution by
supplying products to The Home Depot as that home improvement giant expands
its offerings in major appliances. Maytag and Jenn-Air brand major
appliances will be sold in Home Depot stores starting next month in
selected markets, according to an announcement today by William L. Beer,
president of Maytag's major appliance division.
Beer said Maytag washers, dryers, cooking appliances, dishwashers and
refrigerators, as well as Jenn-Air cooking appliances, will be in Home
Depot stores in the Jacksonville, Fla., area in early May, and several
weeks later the appliances will start rolling out to other stores in
selected markets. Further in-store expansion will occur each month, and by
early December 2000, Maytag and Jenn-Air appliances will be in all Home
Depot stores in the United States.
Founded in 1978, The Home Depot is the world's largest home
improvement retailer operating 960 stores in the United States, Canada,
Puerto Rico and Chile. Fortune magazine named The Home Depot to its
current top 10 list of the Most Admired Companies in America. Home Depot s
stock is publicly traded (NYSE: HD) and is included in the Dow Jones
Industrial Average and the Standard & Poor s 500 index. The Home Depot had
fiscal 1999 sales of $38.4 billion and the company employs approximately
200,000 people.
Maytag and Jenn-Air major appliances are currently sold in 15 EXPO
Design Centers operated by The Home Depot, and Maytag Corporation's floor
care division sells Hoover brand products through all Home Depot stores.
"At Maytag, one of our key growth strategies is to broaden our major
appliance distribution base and compete for more consumer purchase
decisions," Beer said. "Our expanded relationship with Home Depot will
allow us to do just that, and we believe it will prove to be very
beneficial to Maytag and Jenn-Air brand sales in the future."
Carole J. Uhrich, president of Maytag's Home Solutions group, which
includes both major appliances and floor care products, said, "Maytag plans
to grow by serving more customers wherever we can create value for our
constituencies. Home Depot is already a valued Maytag customer, and we're
excited about the opportunity to broaden the scope of our relationship by
providing Home Depot stores with our top brands in major appliances, as
well as floor care products."
Maytag Corporation is a leading producer of home and commercial
appliances. Its products are sold to customers throughout North America
and in international markets. The corporation's brands include Maytag,
Hoover, Jenn-Air, Blodgett and Dixie-Narco.
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Forward-Looking Statements: Certain statements in this news release,
including any discussion of management expectations for future periods,
constitute "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking statements
involve known and unknown risks, uncertainties and other factors that may
cause actual results to differ materially from the future results expressed
or implied by those statements. For a description of such factors, refer
to "Forward Looking Statements" in the Management's Discussion and Analysis
section of Maytag's Annual Report on Form 10-K for the year ended December
31, 1999.
CPI0015
Media Contact:
Additional Information:
James G. Powell
www.maytagcorp.com
Maytag Communications
515-787-8392
[email protected]
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