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): AUGUST 28, 2000
RAVEN INDUSTRIES, INC.
(Exact Name of Registrant as Specified in its Charter)
SOUTH DAKOTA 1-07982 46-0246171
(State or Other Jurisdiction Commission File Number (IRS Employer
of Incorporation) Identification No.)
205 EAST 6TH STREET
P.O. BOX 5107
SIOUX FALLS, SOUTH DAKOTA 57117-5107
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (605) 336-2750
NOT APPLICABLE
(Former Name or Former Address, if Changed Since Last Report)
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EXHIBIT INDEX APPEARS ON PAGE 3
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Item 5. OTHER EVENTS.
On August 28, 2000, the Registrant sold to Norwesco, Inc. substantially
all of the operating assets of its plastic tank division, which included three
polyethylene manufacturing facilities located in Sioux Falls, South Dakota,
Albertville, Alabama and Washington Courthouse, Ohio, as well as the
Registrant's fiberglass plant in Sioux Falls. The sale to Norwesco, Inc. did
not, however, include the Registrant's dual laminate fiberglass plant in Tacoma,
Washington. The adjusted purchase price was approximately $11.3 million (subject
to further adjustment), of which the Registrant received at closing
approximately $11 million in cash and a promissory note in the principal amount
of $350,0000.
Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibits.
10.1 Asset Purchase Agreement dated July 31, 2000, by and
between Raven Industries, Inc. and Norwesco, Inc.
(The exhibits and schedules to the Asset Purchase
Agreement have been intentionally omitted, but will
be provided in full upon request of the Commission.)
10.2 Amendment to Asset Purchase Agreement dated August
28, 2000, by and between Raven Industries, Inc. and
Norwesco, Inc.
99 Press Release dated August 30, 2000.
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 thereunto duly authorized.
RAVEN INDUSTRIES, INC.
(Registrant)
Dated: September 12, 2000 By: /s/ Thomas Iacarella
-------------------------------------
Name: Thomas Iacarella
Title: Vice President, Finance, Secretary
and Treasurer (Principal Financial and
Accounting Officer)
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EXHIBIT INDEX
10.1 Asset Purchase Agreement dated July 31, 2000, by and between Raven
Industries, Inc. and Norwesco, Inc. (The exhibits and schedules to the
Asset Purchase Agreement have been intentionally omitted, but will be
provided in full upon request of the Commission.)
10.2 Amendment to Asset Purchase Agreement dated August 28, 2000, by and
between Raven Industries, Inc. and Norwesco, Inc.
99 Press release dated August 30, 2000.
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