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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) July 7, 1995
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Invacare Corporation
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(Exact name of registrant as specified in its charter)
Ohio
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(State or other jurisdiction of Incorporation)
0-12938 95-2680965
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(Commission File No.) (IRS Employer Identification No.)
899 Cleveland Street, Elyria, Ohio 44036
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (216) 329-6000
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Item 5. Other Events
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On July 7, 1995 Invacare Corporation (the "Company") announced
that its Board of Directors had redeemed the shareholder rights issued by the
Company in 1991 and also adopted a new shareholder rights purchase plan. The
announcement of these actions is described in the attached press release filed
as Exhibit 1 and incorporated herein.
Item 7. Exhibits
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1. Press release dated July 7, 1995 announcing the redemption
of shareholder rights and adoption of new shareholder rights purchase plan.
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SIGNATURE
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.
INVACARE CORPORATION
(Registrant)
By /s/ Thomas R. Miklich
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Thomas R. Miklich
Chief Financial Officer
Date: July 25, 1995
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FORM 8-K
Exhibit Index
<TABLE>
<CAPTION>
Exhibit
Number Description Page No.
- ------- ----------- --------
<S> <C> <C>
1 Press Release dated April 2, 1991 5
announcing the redemption of
shareholder rights and adoption of
new shareholder rights purchase
plan.
</TABLE>
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NEWS FROM NEWS FROM NEWS FROM [INVACARE LOGO]
Innovation in Health Care
INVACARE DIRECTORS REDEEM RIGHTS;
ADOPT NEW SHAREHOLDER RIGHTS PURCHASE PLAN
ELYRIA, Ohio, July 7 /PRNewswire/ -- Invacare Corporation (Nasdaq-NNM:
IVCR) today announced that its Board of Directors has redeemed the Shareholder
Rights issued by Invacare in 1991 and also adopted a new Shareholder Rights
Purchase Plan. The redemption is effective immediately. Under the terms of the
redemption, shareholders of record on July 17, 1995 will receive for each
Invacare Common or Class B Common Share held on such date, one-half of one cent
per share.
Under terms of the new Plan, shareholders of record on July 18, 1995
will receive for each Invacare Common or Class B Common Share held on such
date, a Right to purchase one-tenth of one Common Share from the company at a
price of $16.00 per one-tenth share, subject to adjustment, provided a person
or group first acquires at least 30 percent of the company's total voting
power or begins a tender offer for shares representing 30 percent or more of
Invacare's total voting power.
A. Malachi Mixon III, Chairman, President and Chief Executive Officer,
noted that the new Rights retain all the major features of the previous Rights,
except that each Right is to purchase one-tenth share at $16.00 per one-tenth
share. This change, he noted, was made in response to the increase in the
market price of the company's common shares. Mixon further noted that the
actions by the Board of Directors are not in response to any current takeover
attempt.
Invacare is the world's leading manufacturer and distributor of home
medical equipment. The company's headquarters are located in Elyria, Ohio with
manufacturing facilities in the United States, Canada, Mexico, New Zealand,
Germany, France and the United Kingdom. Products are distributed worldwide
through a network of more than 10,000 provider locations.
CONTACT: Thomas R. Miklich of Invacare Corporation, 216-329-6111/(IVCR)
P.O. BOX 4028 / 899 CLEVELAND STREET / ELYRIA, OH 44036-2125
PHONE: 216-329-6000 / FAX: 216-366-9008
<PAGE> 1
NEWS FROM NEWS FROM NEWS FROM [INVACARE LOGO]
Innovation in Health Care
INVACARE DIRECTORS REDEEM RIGHTS;
ADOPT NEW SHAREHOLDER RIGHTS PURCHASE PLAN
ELYRIA, Ohio, July 7 /PRNewswire/ -- Invacare Corporation (Nasdaq-NNM:
IVCR) today announced that its Board of Directors has redeemed the Shareholder
Rights issued by Invacare in 1991 and also adopted a new Shareholder Rights
Purchase Plan. The redemption is effective immediately. Under the terms of the
redemption, shareholders of record on July 17, 1995 will receive for each
Invacare Common or Class B Common Share held on such date, one-half of one cent
per share.
Under terms of the new Plan, shareholders of record on July 18, 1995
will receive for each Invacare Common or Class B Common Share held on such
date, a Right to purchase one-tenth of one Common Share from the company at a
price of $16.00 per one-tenth share, subject to adjustment, provided a person
or group first acquires at least 30 percent of the company's total voting
power or begins a tender offer for shares representing 30 percent or more of
Invacare's total voting power.
A. Malachi Mixon III, Chairman, President and Chief Executive Officer,
noted that the new Rights retain all the major features of the previous Rights,
except that each Right is to purchase one-tenth share at $16.00 per one-tenth
share. This change, he noted, was made in response to the increase in the
market price of the company's common shares. Mixon further noted that the
actions by the Board of Directors are not in response to any current takeover
attempt.
Invacare is the world's leading manufacturer and distributor of home
medical equipment. The company's headquarters are located in Elyria, Ohio with
manufacturing facilities in the United States, Canada, Mexico, New Zealand,
Germany, France and the United Kingdom. Products are distributed worldwide
through a network of more than 10,000 provider locations.
CONTACT: Thomas R. Miklich of Invacare Corporation, 216-329-6111/(IVCR)
P.O. BOX 4028 / 899 CLEVELAND STREET / ELYRIA, OH 44036-2125
PHONE: 216-329-6000 / FAX: 216-366-9008
