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
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Date of Report
(Date of earliest
event reported): November 2, 1999
Oshkosh Truck Corporation
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(Exact name of registrant as specified in its charter)
Wisconsin 1-13886 39-0520270
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(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation)
P.O. Box 2566, Oshkosh, Wisconsin 54903
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(Address of principal executive offices, including zip code)
(920) 235-9151
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(Registrant's telephone number)
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Item 5. Other Events.
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On November 2, 1999, Oshkosh Truck Corporation issued a press release
announcing the closing of its acquisition of the manufacturing assets of
Kewaunee Engineering Corporation. Kewaunee is a heavy-metal fabricator with
sales to the fire, construction, marine and industrial lift and forestry
industries. A copy of such press release is filed as Exhibit 99.1 and is
incorporated by reference herein.
Item 7. Financial Statements and Exhibits.
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(a) Not applicable.
(b) Not applicable.
(c) Exhibits. The following exhibit is being filed herewith:
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(99.1) Oshkosh Truck Corporation Press Release dated November 2,
1999.
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SIGNATURES
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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.
OSHKOSH TRUCK CORPORATION
Date: November 5, 1999 By:/s/ Thomas J. Polnaszek
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Thomas J. Polnaszek
Vice President and Corporate Controller
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OSHKOSH TRUCK CORPORATION
Exhibit Index to Current Report on Form 8-K
Dated November 2, 1999
Exhibit
Number
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(99.1) Oshkosh Truck Corporation Press Release dated November 2, 1999.
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FOR IMMEDIATE RELEASE
For more information, contact:
Financial, Charles L. Szews
Executive Vice President and
Chief Financial Officer
(920) 235-9151, Ext. 2332
Media, Kirsten Skyba
Vice President, Communications
(920) 233-9621
OSHKOSH TRUCK COMPLETES ACQUISITION OF KEWAUNEE ENGINEERING
OSHKOSH, WIS. (November 2, 1999) - Oshkosh Truck Corporation [NASDAQ-OTRKB], a
leading manufacturer of specialty trucks and truck bodies, completed the
purchase of the manufacturing assets of Kewaunee Engineering Corporation.
Kewaunee is a heavy-metal fabricator with sales to the fire, construction,
marine and industrial lift, and forestry industries. The acquisition is expected
to increase vertical integration across all of Oshkosh's product lines and
markets.
Oshkosh purchased the facilities, equipment, jigs and fixtures, and
materials of Kewaunee Engineering for $6.25 million plus the assumption of
certain liabilities. Kewaunee's sales and EBITDA (earnings before interest,
taxes, depreciation and amortization) for the year ended December 31, 1998
approximated $21 million and $2 million, respectively. About 50 percent of
Kewaunee's sales for the year ended December 31, 1998 were to Pierce
Manufacturing Inc., a wholly-owned subsidiary of Oshkosh Truck.
"This is a small, strategic acquisition designed to support our
internal growth strategies. We've brought important fabrication capabilities
in-house and taken control of delivery and quality. Similar to Oshkosh's other
acquisitions, we intend for Kewaunee to be accretive from day one," said Robert
G. Bohn, president and chief executive officer of Oshkosh Truck.
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Archie Stam has been appointed vice president and general manager of the
Oshkosh Truck subsidiary organized to operate this business, Kewaunee
Fabrications LLC. Stam brings more than 20 years of experience in sales,
marketing, and product group management to this position. He will lead the
effort to expand sales and achieve cost savings through streamlining of
production processes.
Oshkosh Truck Corporation is a leading manufacturer of specialty trucks and
truck bodies for the defense, fire and emergency, construction and refuse
hauling markets. Products are marketed under the Oshkosh, Pierce and McNeilus
brand names.
Forward-Looking Statements
This press release contains statements that the company believes are
"forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995. All statements other than statements of
historical fact, including statements regarding the company's future financial
position, business strategy, budgets, projected costs and plans and objectives
of management for future operations, are forward-looking statements. When used
in this press release, words such as the company "expects," "intends,"
"estimates," "anticipates" or "believes" and similar expressions are generally
intended to identify forward-looking statements. These forward-looking
statements are not guarantees of future performance and are subject to risks,
uncertainties and other factors, some of which are beyond the company's control,
that could cause actual results to differ materially from those expressed or
implied by such forward-looking statements. These factors include the
consequences of financial leverage, the cyclical nature of the company's
commercial markets, risks related to reductions in government expenditures, the
uncertainty of
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government contracts and the challenges of identifying acquisition candidates
and integrating acquired businesses. Additional information concerning these and
other factors is contained in the company's filings with the Securities and
Exchange Commission.
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