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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report: July 2, 1996
KAYDON CORPORATION
A Delaware Corporation
Commission File Number: 0-12640 IRS Employer I.D. Number 13-3186040
19345 U.S. 19 North, Suite 500, Clearwater, FL 34624
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(Address of Principal Executive Offices)
Registrant's Telephone Number: (813) 531-1101
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TABLE OF CONTENTS
FORM 8-K
KAYDON CORPORATION
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ITEM NUMBER PAGE
Item 5. Other Events 1,2
Signatures 3
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Item 5. Other Events
1. On June 25, 1996, the Company issued the press release attached as
Page 2 hereto.
2. The Defense Logistics Agency of the Defense Contract Management
Command (DCMC) has sent the Company a letter alleging recent product
quality problems relating to the Kaydon swashplate bearing used in
the Sikorsky H-53E helicopter and informing Kaydon that DCMC is
planning a review/audit of the overall quality system employed by
the Company. Other program management offices, procurement
activities and prime contractors are expected to participate in the
review/audit.
3. Sikorsky Aircraft Corporation has asserted that a "Mishap Board" led
by Sikorsky with the participation of the Naval Safety Center and
the Defense Contract Management Command has concluded that
unspecified deficiencies in the manufacture and inspection of a
Kaydon swashplate bearing used in the H-53E Sikorsky helicopter that
crashed on May 9, 1996, resulted in the bearing's self-destruction.
The Company did not participate in the issuance of this report, and
Sikorsky has refused to provide the Company a copy of the report.
The Company is conducting its own review of this incident.
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PRESS RELEASE
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CONTACT: Stephen K. Clough For Immediate Release
(813) 531-1101, ext. 306
Clearwater, Florida; June 25, 1996
Kaydon Corporation has received a subpoena issued by the U.S. District
Court in Bridgeport, Connecticut, on behalf of a Grand Jury investigating the
May 9, 1996 accident in Stratford, Connecticut, involving an H-53E Sikorsky
helicopter in which four persons died. The Grand Jury has requested documents
and records relating to a bearing manufactured by Kaydon and used in the H-53E
Helicopter.
Kaydon is presently reviewing documents and records in preparing its
response to the subpoena, and intends to cooperate fully with the subpoena.
The Department of the Navy and Sikorsky Aircraft Corporation are also
conducting investigations of this accident.
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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.
KAYDON CORPORATION
Date: July 2, 1996
/s/ Stephen K. Clough
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Stephen K. Clough
President & Chief Executive Officer
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