UNITED STATES
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): May 1, 1998 (April 30, 1998)
Imo Industries Inc.
(Exact name of registrant as specified in its charter)
Delaware 1-9294 21-0733751
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification Number)
1009 Lenox Drive,
Building Four West, Lawrenceville, NJ 08648-0550
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (609) 896-7600
Not Applicable
(Former name or former address,
if changed since last report)
Item 5. Other Events.
In a press release dated April 30, 1998, the Registrant announced that it is
supplementing its Consent Solicitation Statement, dated April 14, 1998, in which
the Company is soliciting the consents of holders of its 11 3/4% Senior
Subordinated Notes due 2006 to certain amendments to the Indenture governing the
Notes.
The information set forth in this Item 5 is qualified in its entirety by
reference to the Registrant's press release announcing such information, which
is filed herewith as an exhibit.
Item 7. Financial Statements, Pro Forma Information and Exhibits.
(c) Exhibits
99.1 Press release dated April 30, 1998, issued by the Registrant.
SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of 1934,
Registrant has duly caused this Report to be signed on its behalf by the
undersigned hereunto duly authorized.
IMO INDUSTRIES INC.
Date: May 1, 1998 By: /s/ John A. Young
-----------------
John A. Young
Chief Financial Officer
FOR IMMEDIATE RELEASE Contact: John Young
Chief Financial Officer
(804) 560-4070
IMO INDUSTRIES INC. ANNOUNCES MODIFICATIONS
TO ITS CONSENT SOLICITATION
Lawrenceville, NJ, April 30, 1998 - Imo Industries Inc. (NYSE: IMD) announced
today that it is supplementing its Consent Solicitation Statement, dated April
14, 1998, in which the Company is soliciting the consents of holders of it 11
3/4% Senior Subordinated Notes due 2006 to certain amendments to the Indenture
governing the Notes. The Company is offering to increase the consent payment it
will make to each holder from $2.50 per $1,000 in principal amount of Notes for
every consent received (and not revoked) prior to the Expiration Date to $5.00
for each Note. In addition, the Company is also extending the Expiration Date
for the Consent Solicitation from 5:00 p.m. EDT on April 29, 1998, to 5:00 p.m.
EDT on May 6, 1998.
D.F. King & Co., Inc. is acting as Information Agent in connection with the
Consent Solicitation. Please contact D.F. King & Co., Inc. at (800) 755-3105
with any questions or to obtain copies of the Supplement to Consent Solicitation
Statement or other documents governing this Consent Solicitation. IBJ Schroder
Bank & Trust Company is acting as Consent Solicitation Agent. Consent deliveries
can be made to IBJ Schroder via fax at 212-858-2611.
Imo Industries Inc. is a leading manufacturer of pumps, power transmission
components and remote control systems.
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