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): December 22, 1998
LADISH CO., INC.
(Exact name of registrant as specified in its charter)
Wisconsin 0-23539 31-1145953
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(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation)
5481 S. Packard Avenue
Cudahy, Wisconsin 53110
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(Address of principal executive offices including zip code)
(414) 747-2611
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(Registrant's telephone number)
Page 1 of 3 pages
<PAGE>
ITEM 5. OTHER EVENTS
On December 22, 1998, the Registrant experienced equipment failure in
its largest isothermal press which is expected to affect shipments in calendar
year 1999.
A copy of the press release announcing the equipment problem is
attached hereto as Exhibit 99.1.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION
AND EXHIBITS.
(a) None.
(b) None.
(c) See Exhibit Index on page 3.
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this Current Report on Form 8-K to be
signed on its behalf by the undersigned thereunto duly authorized.
LADISH CO., INC.
By: /s/Wayne E. Larsen
Wayne E. Larsen,
Vice President Law/Finance and Secretary
Page 2 of 3 pages
<PAGE>
EXHIBIT INDEX
Exhibit Number Exhibit Description
99.1 Press Release
NEWS
FOR: FROM:
Ladish Co., Inc. Ladish Co., Inc.
5481 South Packard Avenue 5481 South Packard Avenue
Cudahy, WI 53110 Cudahy, WI 53110
Contact: Wayne Larsen Contact: Wayne Larsen
414-747-2935 414-747-2935
414-747-2890 Fax 414-747-2890 Fax
Release Date: 23 December 1998
LADISH EXTENDS PRESS REPAIR
Cudahy, WI - - Ladish Co., Inc. (Nasdaq: LDSH) (www.ladishco.com) announced that
it has experienced an equipment failure on its 10,000-ton isothermal press.
President and Chief Executive Officer Kerry Woody stated "During a forging
operation last night we had two tie rods fail on our largest isothermal press.
We are in the process of assessing the repair schedule and the impact of the
failure on 1999 business. We had scheduled this piece of equipment for a
maintenance shutdown and computer upgrade to improve its operating efficiencies
over the holidays and were expecting the press to be out of production until
mid-January. With the additional work that is now required we would expect the
press to be down an additional four to six weeks. We are currently assessing
which work could, if necessary, be moved from this press to our other isothermal
press. We do not anticipate any significant impact upon our customers' schedules
which cannot be recovered in subsequent periods."
Ladish Co., Inc. is a leading producer of highly engineered, technically
advanced components for the jet engine, aerospace and general industrial
markets. Ladish is headquartered in Cudahy, Wisconsin with operations in
Wisconsin and Connecticut. Ladish common stock trades on Nasdaq under the symbol
LDSH.
