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
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): DECEMBER 11, 1998
RECOTON CORPORATION
(EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)
NEW YORK 0-5860 11-1771737
(STATE OR OTHER JURISDIC- (COMMISSION (IRS EMPLOYER
TION OF INCORPORATION) FILE NUMBER) IDENTIFICATION NO.)
2950 LAKE EMMA ROAD, LAKE MARY, FLORIDA 32746
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES, INCLUDING ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: 407-333-8900
N.A.
(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
<PAGE>
ITEM 5. OTHER EVENTS
On December 11, 1998 Recoton engaged an underwriter to sell at least
$100,000,000 of high yield subordinated debt or other securities. On December
14, 1998 it engaged a financial management consultant. Both such engagements
were pursuant to the terms of its agreement with its multibank credit facility
lenders as previously reported in the Company's Form 8-K dated November 30,
1998.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION
AND EXHIBITS
a. FINANCIAL STATEMENTS OF BUSINESS ACQUIRED: not applicable
b. PRO FORMA FINANCIAL INFORMATION: not applicable
c. EXHIBITS:
1. Press release issued on December 11, 1998
<PAGE>
SIGNATURES
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 hereunto duly authorized.
RECOTON CORPORATION
By: /S/ STUART MONT
--------------------
Name: Stuart Mont
Title: Chief Operating
Officer and Executive
Vice President - Operations
Dated: December 14, 1998
<PAGE>
EXHIBIT INDEX
1. Press release issued on December 11, 1998
Exhibit 1 to Form 8-K dated
December 11, 1998
FOR IMMEDIATE RELEASE
Lake Mary, FL - December 11, 1998 -- RECOTON CORPORATION (NASDAQ NATIONAL
MARKET: RCOT) announced that it has engaged today an underwriter to sell at
least $100,000,000 of high yield subordinated debt or other securities of
Recoton, as required pursuant to the terms of its agreement with its multibank
credit facility lenders as previously reported. Any securities which may be
offered or sold are not intended to be registered under the Securities Act of
1933, as amended and may not be offered or sold in the United States absent
registration or an applicable exemption from registration requirements.
Recoton Corporation is a global leader in the development, manufacturing and
marketing of consumer electronic accessories, loudspeakers and car audio
products. Recoton's more than 4,000 products feature highly functional
accessories for audio, video, car audio, camcorder, multi-media/computer, home
office, cellular and standard telephone, music and video game products and 900
MHz wireless technology headphones and speakers. They are sold under the
AAMP(R), Ambico(R), Ampersand(TM), AR(R)AcoustIC Research(R), Discwasher(R),
InterAct(R), Parsec(R), Peripheral(R), Performance(TM), Recoton(R),
Rembrandt(R), Ross(TM), SoleControl(R), SoundQuest(R) and Stinger(R) brand
names. The Company also produces and markets audio components, high fidelity
loudspeakers, home theater speakers, and car audio speakers and components which
are sold under the Advent(R), AR(R)/Acoustic Research(R), HECO(TM), Jensen(R),
MacAudio(TM), Magnat(R), NHT(R) (Now Hear This), Phase Linear(R) and Recoton(R)
brand names.
This press release may contain forward-looking information within the meaning of
the Private Securities Litigation Reform Act of 1995. Such statements are
subject to certain risks and uncertainties that could cause actual results to
differ materially from historical earnings and those presently anticipated or
projected. Such statements speak only as of the date made. Please refer to the
Company's Form 10-K and other SEC filings.
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