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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
COMMISSION FILE NUMBER 33-67854
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DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) JUNE 12, 1998
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CMI INDUSTRIES, INC.
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE 57-0836097
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(STATE OR OTHER JURISDICTION OF (I.R.S. EMPLOYER
INCORPORATION OR ORGANIZATION) IDENTIFICATION NO.)
1301 GERVAIS STREET, SUITE 920, COLUMBIA, SOUTH CAROLINA 29201
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE) (803) 771-4434
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NOT APPLICABLE
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(FORMER NAME, FORMER ADDRESS AND FORMAL FISCAL YEAR,
IF CHANGED SINCE LAST REPORT)
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ITEM 5. OTHER EVENTS.
In a press release on June 12, 1998, CMI Industries, Inc. ("CMI") announced
that consents from holders of more than 50% in principal amount of the 9 1/2%
Senior Subordinated Notes due 2003 (the "Notes") issued by CMI to certain
amendments to the Indenture relating to such Notes, were received and not
revoked on or before June 12, 1998. Consents to these amendments were solicited
by CMI pursuant to an Offer to Purchase and Consent Solicitation dated June 1,
1998.
The press release announcing the consents of holders 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 June 12, 1998.
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: June 12, 1998 By: /s/ James A. Ovenden
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James A. Ovenden
Executive Vice President and
Chief Financial Officer
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EXHIBIT 99.1
CMI INDUSTRIES, INC.
RECEIVES REQUISITE CONSENTS IN TENDER OFFER
AND CONSENT SOLICITATION FOR
9 1/2% SENIOR SUBORDINATED NOTES DUE 2003
COLUMBIA, SC, June 12, 1998 -- CMI Industries, Inc. ("CMI") today
announced that consents from holders of more than 50% in principal amount of the
9 1/2% Senior Subordinated Notes due 2003 (the "Notes") issued by CMI to certain
amendments to the Indenture relating to such Notes, were received and not
revoked on or before June 12, 1998. Consents to these amendments were solicited
by CMI pursuant to an Offer to Purchase and Consent Solicitation dated June 1,
1998.
As a result, the Consent Date (as defined in the Offer to Purchase and
Consent Solicitation) with respect to the Notes will be 12:00 midnight, New York
City time, on June 15, 1998. Holders of Notes who wish to receive the Consent
Payment of $10.00 per $1,000 in Note principal upon consummation of the tender
offer must tender their Notes and related Consents to The Chase Manhattan Bank,
as Depositary, at or prior to 12:00 midnight, New York City time, on June 15,
1998.
The tender offer will expire at midnight, New York City time, on June
26, 1998, unless extended.
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.
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