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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 25049
FORM 10-C
REPORT BY ISSUER OF SECURITIES QUOTED ON NASDAQ
INTERDEALER QUOTATION SYSTEM
Filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
and Rule 13a-17 or 15d-17 thereafter
THE RAYMOND CORPORATION
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(Exact name of issuer as specified in charter)
20 South Canal Street, Greene, NY 13778
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(Address of principal executive offices)
Issuer's telephone number, including area code (607) 656-2302
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I. CHANGE IN NUMBER OF SHARES OUTSTANDING
Indicate any change (increase or decrease of 5% or more) in the number of
shares outstanding:
1. Title of security Common Stock
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2. Number of shares outstanding before the change 7,082,938
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3. Number of shares outstanding after the change 7,437,084
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4. Effective date of change record date: 3/29/96 payment date 4/12/96
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5. Method of change:
Specify method (such as merger, acquisition, distribution, stock split,
reverse split, acquisition of stock for treasury, etc.) 5% stock dividend
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Give brief description of transaction The Board of Directors of The
Raymond Corporation declared a 5% stock dividend on the Company's
outstanding stock. See attached resolution.
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II. CHANGE IN NAME OF ISSUER
1. Name prior to change
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2. Name after change
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3. Effective date of charter amendment changing name
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4. Date of shareholder approval of change, if required
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Date April 4, 1996 /s/ William B. Lynn
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(Officer's signature & title)
William B. Lynn
Executive Vice President
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RESOLUTIONS
THE BOARD OF DIRECTORS OF
THE RAYMOND CORPORATION
PASSED ON MARCH 2, 1996
WHEREAS, it is the intention of the Board of Directors of The Raymond
Corporation to declare an irregular 5% stock dividend on the Company's
outstanding stock.
NOW, THEREFORE, THE BOARD OF DIRECTORS OF THE RAYMOND CORPORATION DOES
HEREBY RESOLVE AS FOLLOWS:
RESOLVED, that a 5% common stock dividend on the unissued and
outstanding common shares of the Corporation be, and the same hereby is,
declared payable in common shares of the par value of $1.50 each at the rate
of 5/100ths of one share for each share issued and outstanding, which
dividend shall be payable on April 12, 1996 to stockholders of record at the
close of business on March 29, 1996, and
FURTHER RESOLVED, that in lieu of issuing fractional shares or scrip for
fractional shares where the application of the 5% results in a fractional
share, it is hereby authorized that there be issued and sold at the market on
or before April 8, 1996, the number of shares representing the aggregate of
such fractional share interest for the account of the stockholders entitled
thereto, the proceeds of such sale to be distributed pro rata among such
stockholders, and
FURTHER RESOLVED, that there is hereby authorized to be issued such
additional amount of authorized common stock as shall be necessary for such
stock dividend, and
FURTHER RESOLVED, that American Stock Transfer & Trust Company be and
hereby is authorized and directed to issue, record and/or register on its
books stock certificates representing such additional shares of common stock.
