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 23, 2000
C&D Technologies, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 1-9389 13-3314599
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification Number)
1400 Union Meeting Road, Blue Bell, Pennsylvania 19422
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (215) 619-2700
N/A
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(Former name or former address, if changed since last report)
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Item 5. OTHER EVENTS.
On May 23, 2000, the Board of Directors of C&D Technologies, Inc.
("C&D") approved a two-for-one split of C&D's Common Stock, to be effected in
the form of a 100% stock dividend (the "Stock Split"). The additional shares
will be issued on June 16, 2000 to stockholders of record on June 2, 2000.
The shares of C&D's Common Stock registered under the registration
statements on Form S-8 of C&D (Nos. 33-31978, 33-71390, 33-86672, 333-17979,
333-38891 and 333-59177) and Form S-3 (Registration No. 333-38893) are deemed to
cover the additional shares resulting from stock splits, stock dividends or
similar transactions with respect to C&D's Common Stock that occur after the
effective dates of such registration statements, including the Stock Split.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits
99.1 Press release dated May 23, 2000 issued by C&D.
<PAGE>
SIGNATURES
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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.
C&D TECHNOLOGIES, INC.
Date: May 25, 2000 By: /s/ Stephen E. Markert, Jr.
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Stephen E. Markert, Jr.
Vice President-Finance and
Chief Financial Officer
<PAGE>
EXHIBIT INDEX
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Exhibit
Number Description
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99.1 Press release dated May 23, 2000 issued
by C&D.
EXHIBIT 99.1
C&D TECHNOLOGIES, INC.
POWER SOLUTIONS
1400 Union Meeting Road
Blue Bell, PA 19422
Phone: 215-619-7850
Fax: 215-619-7841
Shareholder Contacts:
Stephen E. Markert, Jr. of C&D: 215-619-7835
Yanis Bibelnieks for C&D: 718-499-6516
FOR IMMEDIATE RELEASE
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C&D TECHNOLOGIES Declares 2-for-1 Stock Split
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BLUE BELL, PA, May 23, 2000 -- C&D Technologies, Inc. (NYSE: CHP), a
leading North American producer and marketer of electrical power storage and
conversion products used primarily in telecommunications, data transmission and
for uninterruptable power supply systems, today announced its Board of Directors
had approved a two-for-one stock split effected in the form of a 100% stock
dividend. The additional shares will be issued on June 16, 2000 to stockholders
of record at the close of business on June 2, 2000. The Company currently has
approximately 13.1 million shares outstanding and trades on the New York Stock
Exchange. After the stock split, C&D Technologies, Inc. will have approximately
26.2 million shares outstanding.
After the split, the Company expects to announce the payment of its next
quarterly cash dividend of 1.375 cents per share, which amount would reflect an
adjustment to the current quarterly dividend rate for the two-for-one stock
split.
"We believe this split serves the best interests of our company and its
stockholders by increasing liquidity and making our shares more accessible to
individual as well as institutional investors," stated Wade Roberts, the
President and Chief Executive Officer of C&D Technologies.
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