<PAGE> 1
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
COMMISSION FILE NUMBER 33-67854
--------
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) JULY 23, 1998
-------------
CMI INDUSTRIES, INC.
- --------------------------------------------------------------------------------
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE 57-0836097
- --------------------------------------------------------------------------------
(STATE OR OTHER JURISDICTION OF (I.R.S. EMPLOYER
INCORPORATION OR ORGANIZATION) IDENTIFICATION NO.)
1301 GERVAIS STREET, SUITE 920, COLUMBIA, SOUTH CAROLINA 29201
- --------------------------------------------------------------------------------
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE) (803) 771-4434
--------------
NOT APPLICABLE
- --------------------------------------------------------------------------------
(FORMER NAME, FORMER ADDRESS AND FORMAL FISCAL YEAR,
IF CHANGED SINCE LAST REPORT)
<PAGE> 2
ITEM 5. OTHER EVENTS.
In a press release on July 23, 1998, CMI Industries, Inc. ("CMI")
announced that it has extended the expiration date of its tender offer for the
outstanding 9 1/2% Senior Subordinated Notes due 2003 (the "Notes") issued by
CMI until midnight, New York City time, on August 12, 1998, unless further
extended. In addition, CMI announced that withdrawal rights have been extended
to the Pricing Date.
The press release is incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS.
(a) and (b) Not Applicable.
(c) Exhibits.
99.1 Press Release of CMI Industries, Inc. dated July 23,
1998.
-2-
<PAGE> 3
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 thereunto duly authorized.
Date: July 23, 1998 By: /S/ James A. Ovenden
--------------------------------
James A. Ovenden
Executive Vice President and
Chief Financial Officer
-3-
<PAGE> 1
EXHIBIT 99.1
CMI INDUSTRIES, INC.
ANNOUNCES EXTENSION OF ITS TENDER OFFER
AND CONSENT SOLICITATION FOR
9 1/2% SENIOR SUBORDINATED NOTES DUE 2003
COLUMBIA, SC, July 23, 1998 -- CMI Industries, Inc. ("CMI")
today announced that it has extended the expiration date of its tender offer for
its currently outstanding 9 1/2% Senior Subordinated Notes due 2003 (the
"Notes") until midnight, New York City time, on August 12, 1998, unless further
extended.
As a result of the extension of the expiration date of the
tender offer to August 12, 1998, the Pricing Date for the tender offer will be
August 7, 1998 (or, if the offer is further extended, the date that is the
third business day prior to the expiration date). Furthermore, in connection
with the extension of the expiration date, CMI announced that withdrawal rights
have been extended until midnight, New York City time, on the Pricing Date.
NationsBanc Montgomery Securities LLC is the Dealer Manager
for the tender offer and the consent solicitation.
CMI Industries, Inc., headquartered in Columbia, South
Carolina, is one of the leading manufacturers and marketers of lightweight
greige (unfinished) fabrics in the United States, and holds market leading
positions in certain segments of the elastic fabrics and upholstery fabrics
market.
-4-
