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)
August 25, 1999
(Exact name of registrant as specified in its
charter) ALDILA, INC.
(State or other jurisdiction of incorporation)
DELAWARE
(Commission File Number)
0-21872
(IRS Employer Identification No.)
13-3645590
(Address of principal executive offices) (Zip Code)
12140 Community Road, Poway, California 92064
Registrant's telephone number, including area code:
(858) 513-1801
(Former name or former address, if changed since last report)
Not applicable
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Item 5. Other Events.
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On August 25, 1999, Aldila, Inc. (the "Company") issued a press release
(the "Press Release") announcing that the Company had received verbal
assurance from the U.S. Department of Justice that the Company is not at
this time a target of the grand jury investigation into alleged price
fixing by certain producers of carbon fiber and prepreg material, although
it has been subpoenaed as a subject of the investigation. A copy of the
Press Release is filed herewith as Exhibit 99.1 and incorporated herein by
this reference.
Item 7. Financial Statements and Exhibits.
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(a) Financial Statements of Business Acquired.
Not applicable.
(b) Pro Forma Financial Information. Not applicable.
(c) Exhibits.
99.1 Press Release dated August 25, 1999.
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SIGNATURES
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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.
ALDILA, INC.
Dated: August 26, 1999 By: /s/ Robert J. Cierzan
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Name: Robert J. Cierzan
Title: Vice President, Secretary
and Treasurer
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EXHIBIT INDEX
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Exhibit
No. Document
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99.1 Press Release dated August 25, 1999.
<PAGE>
Exhibit 99.1
FOR IMMEDIATE RELEASE
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ALDILA NOT A TARGET OF CARBON FIBER INVESTIGATION
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POWAY, Calif.,--(BUSINESS WIRE)--Aug. 25, 1999--Aldila, Inc. said
today it has received verbal assurance from the U.S. Department of Justice
that the company is not at this time a target of the grand jury
investigation into alleged price fixing by certain producers of carbon
fiber and prepreg material, although it has been subpoenaed as a subject of
the investigation. The company also stated that it is not a defendant in
any class action lawsuits and that none of its manufacturing facilities
have been "raided" by the federal government.
"Aldila was to a substantial extent a purchaser of carbon fiber and
graphite prepreg material for its core golf shaft operations, rather than a
seller of these products, during the period we understand is covered by the
investigation," said Gary T. Barbera, Chairman and Chief Executive Officer,
Aldila, Inc. "Although Aldila has sold graphite prepreg to outside
customers since 1997, the majority of the company's prepreg material has
been consumed in our core golf shaft operations since prepreg production
began in 1994."
"Aldila's production of carbon fiber began in Evanston, Wyoming in
1998 and the company has sold limited amounts of carbon fiber to outside
customers mostly in 1999," Mr. Barbera said. "Until recently, however, the
majority of our carbon fiber production has been used in the production of
graphite golf shafts."
Aldila, Inc. is the world's leading manufacturer of graphite golf
shafts used in clubs assembled and marketed throughout the world by leading
golf club companies, distributors and custom clubmakers. Through vertical
integration, the company manufactures carbon fiber and composite prepreg
for its gold shaft business and for outside sales to commercial customers.
Investor Contact: Aldila, Inc. Robert J. Cierzan, Vice Pres. Finance Mary
Lou Coburn, Investors Relations 858/513-1801 or Media Contact: Sard
Verbinnen & Co. Anna Cordasco / Anton Nicholas 212/687-8080.
