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): January 25, 1999
JACKSON PRODUCTS, INC.
(Exact name of registrant as specified in its charter)
<PAGE>
Delaware 333-53987 75-2470881
(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Identification No.)
2997 Clarkson Road
Chesterfield, Missouri 63017
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (314) 207-2700
Not Applicable
(Former name or former address, if changed since last report)
<PAGE>
INFORMATION TO BE INCLUDED IN REPORT
Item 1. Changes in Control of Registrant.
Not Applicable.
Item 2. Acquisition or Disposition of Assets.
Not Applicable.
Item 3. Bankruptcy or Receivership.
Not Applicable.
Item 4. Changes in Registrant's Certifying Accountant.
Not Applicable.
Item 5. Other Events.
On January 25, 1999, Jackson Products, Inc. (the "Company") acquired
certain of the assets of OK Beads ("OK Beads"), pursuant to an Asset Purchase
Agreement, dated January 25, 1999 (the "Purchase Agreement"), by and among OK
Beads and the Company. OK Beads manufactures reflective glass beads used in
highway safety products such as road makers, signs, paint and reflective tape.
The Company believes the acquisition will increase manufacturing capacity in the
reflective glass bead market of its Flex-O-Lite division.
The operational functions of OK Bead's manufacturing facility in
Idabel, Oklahoma will be managed from Flex-O-Lite's nearby Paris, Texas
facility. However, the day to day operations at OK Beads will not be affected by
the transaction.
Included as an exhibit to this filing on Form 8-K is the Company's
press release.
Item 6. Resignations of Registrant's Directors.
Not Applicable.
<PAGE>
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
Not Applicable.
Item 8. Change in Fiscal Year.
Not Applicable.
Item 9. Sales of Equity Securities Pursuant to Regulation S.
Not Applicable.
<PAGE>
36349227
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
JACKSON PRODUCTS, INC.
Date: February 5, 1999 By: /s/ Christopher T. Paule
Name: Christopher T. Paule
Title: Vice President, Chief
Financial Officer and Secretary
<PAGE>
EXHIBIT INDEX
- -------------------------------------------------------------------------------
Exhibit
Number Description
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
99 Press Release
- -------------------------------------------------------------------------------
<PAGE>
EXHIBIT 99
<PAGE>
FOR IMMEDIATE RELEASE
For more information, please contact:
Christopher T. Paule at (314) 207-2700
Jackson Products, Inc. Acquires Certain Assets of OK Beads
ST. LOUIS, (January 25, 1999) -- St. Louis-based Jackson Products, Inc.
(JPI), a leading manufacturer and marketer of commercial and industrial safety
products, recently acquired certain assets of OK Beads. Headquartered in Idabel,
Oklahoma, OK Beads manufactured reflective glass beads used in highway safety
products such as road markers, signs, pain and reflective tape.
JPI sought the transaction to increase its Flex-O-Lite division's
manufacturing capacity in the reflective glass bead market. Flex-O-Lite
manufacturers a number of highway safety products and is one of the largest
producers of reflective glass beads in the United States.
"The highway safety industry is experiencing rapid growth due to the
continued emphasis on rebuilding the nation's highway infrastructure," said
Robert H. Elkin, chairman and CEO of JPI. "This transaction strengthens our
commitment to the highway safety industry by ensuring we have the additional
capacity to meet the growing demand for glass beads."
Operational functions of the OK Beads manufacturing facility in Idabel,
Oklahoma will be managed from Flex-O-Lite's nearby Paris, Texas Facility.
Day-to-day operations at the Idabel plant will not be affected by the
transaction.
Headquarters in Chesterfield, Mo., JPI employs 1,000 people. The
company is a leading manufacturer and distributor of highway safety products
including reflective vests, cones, and barricades, and personal safety products
for the industrials, construction, janitorial and welding industries. JPI
operates factories and distribution centers in the United States, Canada and
Europe.
