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U. S. 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) September 10, 1998
MORTON INDUSTRIAL GROUP, INC.
(Exact name of registrant as specified in its charter)
GEORGIA 0-13198 38-0811650
(State of other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification No.)
1021 West Birchwood, Morton, Illinois 61550
(Address of principal executive offices) (Zip Code)
(309-266-7176)
(Registrant's telephone number, including area code)
(Former name or former address, if changed since last report.)
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ITEM 5. OTHER EVENTS
On September 10, 1998, Morton Industrial Group, Inc. (the "Company")
announced that its common stock has commenced trading on the National
Association of Securities Dealers Automated Quotation SmallCap Market (Nasdaq)
under the symbol MGRP. The Company's stock was previously quoted on the
Bulletin Board under the same symbol.
On September 14, 1998, Morton Industrial Group, Inc. announced that
Daryl R. Lindemann, in an expansion of responsibilities, has become Vice
President of Business Development and Acquisitions and that Thomas D. Lauerman
has joined the Company as Vice President of Finance.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
Exhibit 99.1 Press release dated September 10, 1998.
Exhibit 99.2 Press release dated September 14, 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 hereunto duly authorized.
MORTON INDUSTRIAL GROUP, INC.
Date: September 17, 1998 By: /s/ William D. Morton
-----------------------
William D. Morton
Chairman, Chief Executive
Officer and President
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INDEX TO EXHIBITS
EXHIBIT NO. DESCRIPTION
99.1 Press release dated September 10, 1998
99.2 Press release dated September 14, 1998
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EXHIBIT NO. 99.1
CONTACT:
William D. Morton Van Negris / Philip J. Denning
Morton Industrial Group, Inc. Kehoe, White, Van Negris & Company, Inc.
(309) 263-3300 (212) 396-0606
FOR IMMEDIATE RELEASE
MORTON INDUSTRIAL GROUP SECURES NASDAQ SMALLCAP LISTING,
TRADING UNDER THE SYMBOL MGRP
MORTON, IL -- sEPtEMBER 10, 1998 -- Morton Industrial Group, Inc. (Nasdaq:MGRP),
a leading contract manufacturing supplier to the Construction, Agricultural and
Industrial Equipment Manufacturers, today announced that its common stock has
commenced trading on the National Association of Securities Dealers Automated
Quotation SmallCap Market (Nasdaq) under the symbol MGRP. Morton's stock was
previously quoted on the Bulletin Board under the same symbol.
William D. Morton, Chairman, President and Chief Executive Officer of Morton
Industrial Group, Inc., stated: "We believe that this listing on the Nasdaq
SmallCap Market should offer increased visibility for trading in Morton's common
stock and, hopefully, trading prices which are more responsive to changes in the
intrinsic value of the stock.
"1998 has been a year of significant business development at Morton. Morton
Industrial Group was formed in January, through the combination of MLX Corp. and
Morton Metalcraft Co. We have successfully completed four acquisitions which
established our Contract Plastics Division and significantly bolstered our
Contract Fabrication Division. We expect the move to the Nasdaq SmallCap Market
will benefit our stockholders through increased visibility and liquidity.
"The acceptance for listing on the Nasdaq SmallCap also stands as acknowledgment
of the efforts of Morton's managers and employees at every level of the
organization whose tireless dedication and spirit have been the mortar with
which our new business foundation has been formed. To them, and the Board of
Directors who have guided our effort, we say congratulations and thank you."
Morton Industrial Group, Inc. ("Morton" or the "Company") is a supplier of both
high-quality metal fabricated and plastic component parts and subassemblies for
the off-highway Construction, Agricultural and Industrial Equipment markets. Its
annual revenues are approaching $175 million. It provides large original
equipment manufacturers (OEMs) with a wide range of services including design,
prototype development, precision tool making and production of both metal
fabricated and plastic component parts. Additional services provided by Morton
include painting, subassembly, packaging, warehousing and just-in-time delivery
to customers' production lines. Over a five-year period, from 1993 to 1997,
Morton's sales have grown at an average annual compounded rate of approximately
25 percent.
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EXHIBIT NO. 99.2
CONTACT:
William D. Morton Van Negris / Philip J. Denning
Morton Industrial Group, Inc. Kehoe, White, Van Negris & Company, Inc.
(309) 263-3300 (212) 396-0606
FOR IMMEDIATE RELEASE
DARYL LINDEMANN ASSUMES EXPANDED RESPONSIBILITIES
AND BECOMES VICE PRESIDENT OF BUSINESS DEVELOPMENT AND ACQUISITIONS;
THOMAS D. LAUERMAN JOINS MORTON INDUSTRIAL GROUP
AS VICE PRESIDENT OF FINANCE
MORTON, IL -- sEPtEMBER 14, 1998 -- Morton Industrial Group, Inc. (NASDAQ:MGRP),
a leading contract manufacturing supplier to the Construction, Agricultural and
Industrial Equipment Manufacturers, today announced that Daryl Lindemann, in an
expansion of responsibilities, has become Vice President of Business Development
and Acquisitions and that Thomas D. Lauerman has joined the Company as Vice
President of Finance and Treasurer. Mr. Lindemann continues as Secretary of the
Company.
William D. Morton, Chairman, President and Chief Executive Officer of Morton
Industrial Group, Inc., stated: "I am pleased that Daryl Lindemann has agreed to
take on the substantial challenges and expanded responsibilities of Vice
President of Business Development and Acquisitions, where he will be reporting
to me. Daryl and I, having worked closely together on our past four
acquisitions, will be concentrating on developing new opportunities for Morton."
"We are pleased to welcome Tom Lauerman to the Morton Industrial Group team,"
said Mr. Morton. "Tom brings valuable experience in the Finance and
Administrative functions at an important stage in the implementation of our
growth plan. He shares our vision of improving total shareholder value and his
experience and his knowledge of the financial markets will prove to be an
invaluable resource."
Mr. Lindemann, 44, has served as Vice President of Finance, Secretary and
Treasurer of Morton Industrial Group, Inc. since 1990. Prior to joining Morton,
he was Vice President of Finance and Systems Corporate Officer of Hamilton
Industries, Inc., a leading manufacturer of laboratory furniture. At Hamilton
Mr. Lindemann was responsible for strategic planning, financial and operational
accounting, MIS and government and key customer contract negotiations. Mr.
Lindemann is a Certified Public Accountant and holds a B.S. in Accounting from
the University of Illinois.
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EXHIBIT NO. 99.2
MORTON INDUSTRIAL GROUP, INC.
September 14, 1998
Page 2
Mr. Lauerman, 44, has 21 years of accounting and financial analysis experience
in a wide breadth of manufacturing businesses. Most recently he was Chief
Financial Officer and Vice President, Administration of Rexworks, Inc., a
manufacturer of environmental and construction equipment, where he was
responsible for all financial and administrative functions of the company
including banking, investor relations, accounting, business systems, litigation
management and human resources for the company's three businesses. Mr. Lauerman
is a Certified Public Accountant and holds a B.B.A. in Accounting and Finance
from the University of Notre Dame.
Morton Industrial Group, Inc. ("Morton" or the "Company") is a supplier of both
high-quality metal fabricated and plastic component parts and subassemblies for
the off-highway Construction, Agricultural and Industrial Equipment markets. Its
annual revenues are approaching $175 million. It provides large original
equipment manufacturers (OEMs) with a wide range of services including design,
prototype development, precision tool making and production of both metal
fabricated and plastic component parts. Additional services provided by Morton
include painting, subassembly, packaging, warehousing and just-in-time delivery
to customers' production lines. Over a five-year period, from 1993 to 1997,
Morton's sales have grown at an average annual compounded rate of approximately
25 percent.
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