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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)
November 18,1998
EXCEL INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
Indiana 1-8684 35-1551685
(State of Incorporation)(Commission File (I.R.S. Employer
Number) Identification No.)
1120 North Main Street 46514
Elkhart, Indiana (Zip Code)
(Address of pincipal offices)
Registrant's telephone number, including area code (219) 264-2131
N/A
(Former name or former address, if changed since last report)
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Item 5. Other Events
On November 18, 1998, Excel Industries, Inc. (the "Company")
announced that it has engaged Morgan Stanley Dean Witter & Co. as
its financial advisor to consider strategic alternatives to benefit
Excel Industries and enhance shareholder value.
Item 7. Exhibits
Exhibit
Number Description
99 Press Release dated November 18, 1998 announcing that Excel
Industries, Inc. has engaged Morgan Stanley Dean Witter &
Co. as its financial advisor and enhance shareholder value.
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.
EXCEL INDUSTRIES, INC.
Date: November 19, 1998
By: ________________________________
Joseph A. Robinson, Senior Vice
President, Secretary, Treasurer
and Chief Financial Officer
EXHIBIT INDEX
Exhibit
Number Description Page No.
99 Press Release dated November 18, 1998 announcing that
Excel Industries, Inc. has engaged Morgan Stanley
Dean Witter & Co. as its financial advisor and
enhance shareholder value.
EXHIBIT 99
For Release: IMMEDIATE
Date: November 18, 1998
EXCEL
News Release
EXCEL INDUSTRIES
RETAINS INVESTMENT BANKERS
TO ASSESS STRATEGIC ALTERNATIVES
ELKHART, Ind., Nov. 18 -- Excel Industries, Inc. (NYSE:EXC) today
said it has engaged Morgan Stanley Dean Witter & Co. as its
financial advisor to consider strategic alternatives to benefit
Excel and enhance shareholder value.
James O. Futterknecht, Jr., Chief Executive of Excel, said the
company will work with Morgan Stanley to evaluate potential
acquisitions, a recapitalization, financings, a merger of equals
and other special corporate transactions. "The company's board of
directors has reviewed on an ongoing basis the strategies it
believes suitable in our business environment," Futterknecht said.
"This is a further step to ensure that we do not overlook any
reasonable way to increase benefit to Excel and value to its
shareholders."
Morgan Stanley Dean Witter & Co. is a global financial
services firm and a market leader in securities, asset management,
and credit and transaction services.
Serving customers since 1928, Excel Industries, Inc. is a
technically innovative tier-one and tier-two supplier to the
automotive, heavy truck, recreational vehicle and bus industries.
It produces window, door and seating systems, RV appliances, and
complex injection-molded parts. Excel has a global commitment to
continuous improvement of quality, cost and delivery of reliable
components and systems.
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For Further Information:
COMPANY CONTACT: CHICAGO:
Joseph A. Robinson William C. Schall
Senior VP and CFO 3023 N. Clark St. #210
219/264-2131 773/281-4727
[You can obtain recent investor communications, such as shareholder
reports and news releases, by fax from Excel. Call 219/262-9961,
ext. 555, and follow recorded instructions. You can reach Excel at
www.excelinc.com on the Internet.]
