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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
February 3, 1997
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Date of Report (Date of earliest event reported)
Salton/Maxim Housewares, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 0-19557 36-3777824
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
550 Business Center Drive, Mount Prospect, Illinois 60056
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(Address of principal executive offices) (Zip Code)
(847) 803-4600
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(Registrant's telephone number)
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ITEM 5. OTHER EVENTS.
On February 3, 1997, Salton/Maxim Housewares, Inc. (the "Registrant")
announced that it had entered into a supply contract with Kmart Corporation.
A copy of the Registrant's press release, dated February 3, 1997, is
attached hereto as Exhibit 99.1.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
Exhibit No. Description
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99.1 Press Release of Salton/Maxim Housewares, Inc. issued
February 3, 1997
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SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
SALTON/MAXIM HOUSEWARES, INC.
/s/ WILLIAM B. RUE
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William B. Rue
Dated: February 3, 1997 Senior Vice President and
Chief Operating Officer
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EXHIBIT INDEX
Exhibit No. Description
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99.1 Press Release of Salton/Maxim Housewares, Inc. issued February
3, 1997
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EXHIBIT 99.1
FOR IMMEDIATE RELEASE: NEWS
February 3, 1997 Nasdaq National Market-SALT
SALTON/MAXIM HOUSEWARES, WINDMERE-DURABLE HOLDINGS
AND NEW M-TECH CORP. SIGN SUPPLIER AGREEMENT WITH KMART CORP.
MOUNT PROSPECT, Illinois and MIAMI and MIAMI LAKES, Florida--Salton/Maxim
Housewares, Inc. (Nasdaq:SALT), Windmere-Durable Holdings, Inc. (NYSE:WND) and
New M-Tech Corporation jointly announced today completed agreements to supply
Kmart (NYSE:KM) with a broad range of small electrical appliances and consumer
electronics under the White-Westinghouse(R) brand.
Through this major agreement, the three companies look forward to working with
Kmart as it seeks to deliver to consumers quality products with tremendous
value. This business opportunity has come about by the three companies working
together to provide Kmart with a broad range of consumer products.
Both Salton/Maxim and New M-Tech have acquired the rights in separate licensing
agreements to use the White-Westinghouse(R) trademark in North America.
Windmere-Durable Holdings acquired 50% interests in both Salton/Maxim and New
M-Tech in 1996.
Salton/Maxim Housewares, headquartered in Mount Prospect, Illinois, designs and
markets a broad range of kitchen electronics, personal and beauty care
appliances, time pieces and tabletop products under the brand names of
Salton(R), Maxim(R), BreadmanTM, JuicemanTM, Salton CreationsTM, Salton TimeTM
and Block China(R). The Company has licensed from White Consolidated
Industries, Inc., the right to use the White-Westinghouse(R) trademark in the
design and marketing of small kitchen appliances, personal care products,
heaters, fans and electric air cleaners and humidifiers.
New M-Tech Corporation designs and distributes a broad range of consumer
electronic products. In addition to the White-Westinghouse(R) license, New
M-Tech owns a license to distribute Admiral brand consumer electronic
products and appliances in South America and markets consumer electronic
products in North America under the name NewTech.
Windmere-Durable Holdings, Inc., is a diversified manufacturer and distributor
of a broad range of consumer products, including personal care products for
the home and professional salons, kitchen electric appliances and consumer
electronics. The Company also markets the Litter MaidTM computerized,
infrared, automatic self-cleaning cat litter box.
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CONTACTS:
Salton/Maxim Housewares Windmere Durable Holdings
Bill Rue, Senior Vice President Harry D. Schulman, Senior Vice President
and Chief Operating Officer and Chief Financial Officer
847/803-4600 305/362-2611
