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
September 1, 1998 (August 31, 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
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS
On August 31, 1998, the Board of Directors of DT Industries, Inc.
authorized the repurchase of up to an additional 1 million shares of its common
stock. The repurchases may be made on the open market, or in negotiated or other
permissible transactions. The repurchased shares will be used primarily for
employee stock option programs.
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 August 31, 1998.
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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: September 1, 1998 by: /s/ Bruce P. Erdel
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Bruce P. Erdel
Senior Vice President - Finance
and Secretary
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EXHIBIT INDEX
Page no. in
Sequential
Exhibit No. Description Numbering System
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99 Press Release of the
Company dated
August 31, 1998.
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 Bill Schmidle
Vice President, Finance General Information Analyst Contact
417/890-0102 312/640-6738 312/640-6753
DT INDUSTRIES, INC. ANNOUNCES 1-MILLION SHARE
EXPANSION OF STOCK REPURCHASE PROGRAM
Springfield, Mo., August 31, 1998--DT Industries, Inc. (Nasdaq: DTII) announced
today that its Board of Directors authorized the repurchase of up to an
additional 1 million shares of its common stock. The repurchases may be made on
the open market, or in negotiated or other permissible transactions. As of
August 31, 1998, there were 10.4 million shares of common stock outstanding.
DT Industries announced in early July that it had completed a one million share
repurchase which was authorized in May 1998.
"We remain convinced that the current price of DT Industries' stock does not
reflect the true value of the company, both currently and after consideration of
longer-term prospects," said Steven J. Gore, president and chief executive
officer. "Our continuing investment in DT Industries' common stock, which we
consider in the best interests of our shareholders, reflects our confidence in
the company's future and our commitment to enhancing shareholder value. The
purchases will be financed from available cash flow and existing debt
facilities. We expect cash flow and debt capacity will remain adequate to
finance future acquisitions and other 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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