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
May 21, 1998 (May 13, 1998)
Date of Report (Date of earliest event reported)
DT INDUSTRIES, INC.
(Exact name of registrant as specified in charter)
DELAWARE
(State or other jurisdiction of incorporation)
0-23400 44-0537828
(Commission File Number) (I.R.S. Employer Identification Number)
1949 East Sunshine, Suite 2-300
Springfield, MO 65804
(Address of principal executive offices)
(Zip code)
(417) 890-0102
(Registrants telephone number, including area code)
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ITEM 5. OTHER EVENTS
On May 21, 1998, DT Industries (the "Company") announced that its Board of
Directors duly authorized a program to repurchase from time to time an amount of
its common stock up to a total of 1,000,000 shares. The repurchases may be made
on the open market or in negotiated or other permissible transactions.
Statements contained in the attached press release that are not historical facts
are forward-looking statements that are subject to the safe harbor provisions of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. References to "expectations" and
"beliefs" in the attached press release indicate such forward-looking
statements. Actual results could differ materially from those anticipated in any
forward-looking statements as a result of various factors, including economic
downturns in industries served, delays or cancellations of customer orders,
delays in shipping dates of products, significant cost overruns on certain
projects, foreign currency exchange rate fluctuations and delays in achieving
anticipated cost savings or in effectively correcting production inefficiencies
and capacity issues and expanding into additional markets and possible future
acquisitions that may not be complementary or additive.
ITEM 7. FINANCIAL STATEMENTS, PROFORMA FINANCIAL INFORMATION AND EXHIBITS
(a) Press release of the Company dated May 21, 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 hereunto duly authorized.
DT INDUSTRIES, INC.
Date: May 21, 1998 by: /s/ Bruce P. Erdel
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Bruce P. Erdel
Vice President - Finance and Secretary
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EXHIBIT INDEX
Page no. in
Sequential
Exhibit No. Description Numbering System
- ----------- ----------- ----------------
99 Press Release of the
Company dated
May 21, 1998.
<PAGE>
EXHIBIT - 99
DT Industries, Inc.
1949 E. Sunshine
Suite 2-300
Springfield, MO 65804
NASDAQ: DTII
For further information:
At the Company: At the Financial Relations Board:
Bruce P. Erdel Karl Plath Marnie Freitag
Vice President, Finance General Information Analyst Contact
(417) 890-0102 (312) 640-6738 (312) 640-6768
FOR IMMEDIATE RELEASE
DT INDUSTRIES, INC.
ANNOUNCES SHARE REPURCHASE AUTHORIZATION
Springfield, Missouri - May 21, 1998 - DT Industries, Inc. (NASDAQ: DTII)
announced today that its Board of Directors authorized a program to repurchase
from time to time an amount of its common stock up to a total of 1,000,000
shares. The repurchases may be made on the open market or in negotiated or other
permissible transactions. As of March 29, 1998 there were 11,360,362 shares of
common stock outstanding.
Stephen J. Gore, President and Chief Executive Officer of DT Industries
commented, "Our investment in DT Industries common stock reflects our overall
confidence in the Company's future and our commitment to enhancing shareholder
value. Because we believe our stock is undervalued, an investment in our common
stock reflects the an advantageous use of the Company's available funds. The
purchase of shares will be made from available cash flow and from existing debt
facilities. After giving effect to the contemplated repurchase, we expect that
our cash flow and debt capacity will be adequate to finance future acquisitions
and investments."
DT Industries, Inc. is a leading designer, manufacturer and integrator of
automated production systems used to assemble, test or package industrial and
consumer products. The company also produces precision metal components, tools
and dies for a broad range of industrial applications.
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