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 12, 1998
Fairfield Manufacturing Company, Inc.
(Exact name of Registrant as specified in its charter)
Delaware 63-0500160
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
Commission File No.: 33-62598
U. S. 52 South, Lafayette, IN 47905
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (765) 474-3474
News Release
Date: Immediate (August 12, 1998)
Contact: Richard A. Bush
Vice President Finance
Fairfield Manufacturing Company, Inc.
(765) 474-3474 ext. 301
Item 5. Other Events.
Appointment of New President and CEO
On August 12, 1998, Fairfield Manufacturing Company, Inc. (the Registrant)
announced the resignation of Kenneth A. Burns, Chairman of the Board, President
and Chief Executive Officer. Mr. Burns has been succeeded as President and
Chief Executive Officer by Stephen K. Clough, former President and Chief
Executive Officer of Kaydon Corporation. Mr. Burns is no longer a director of
the Registrant. Mr. Clough has been appointed to the board of directors.
Mr. Clough, age 45, is a Registered Professional Engineer and a graduate of
Brunel University, London, and Harvard University's Advanced Management Program.
Mr. Clough was formerly with Kaydon Corporation for twelve years where he served
as the President and Chief Executive Officer from June 1996 to June 1998 and the
President and Chief Operating Officer from September 1989 to June 1996.
Fairfield Manufacturing Company, Inc. is the leading North American independent
manufacturer of precision custom gears and planetary gear systems, with
estimated market share of more than twice that of its nearest competitors in
both the custom gear and planetary gear system markets.
SIGNATURE
Pursuant to the requirement 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.
FAIRFIELD MANUFACTURING COMPANY, INC.
Dated: August 18, 1998 By: ___________________________
Richard A. Bush
Vice President Finance
