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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report
May 15, 1998
MARTIN INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
0-26228 63-0133054
(Commission File No.) (IRS Employer Identification No.)
301 East Tennessee Street
Florence, Alabama 35630
(Address of principal executive offices) (Zip Code)
(256) 767-0330
(Registrant's telephone number including area code)
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ITEMS 5. OTHER EVENTS.
The Registrant has disclosed previously in its periodic reports filed
pursuant to Section 13(a) of the Securities Exchange Act of 1934, as amended,
production and design problems with certain products manufactured by Hunter
Technology Inc. As previously reported, the corrections have been implemented
with respect to these product problems, and all but one of the affected products
are back in production; however, the Registrant has stated that it believed it
might incur additional costs to make further corrections with respect to
products shipped prior to the discovery of the production and design problems.
The Registrant has substantially completed its evaluation of this potential
exposure, and the Registrant currently does not believe that it will incur costs
to make further corrections with respect to such products shipped prior to the
discovery of the production and design problems which will have a material
adverse effect on the financial condition or results of operations of the
Registrant. This statement constitutes a "forward-looking" statement and
involves certain assumptions, risks and uncertainties that could cause actual
results to differ materially from those included in or contemplated by the
statement. These assumptions, risks and uncertainties include, but are not
limited to, those discussed or indicated in page 28 of the Registrant's Annual
Report on Form 10-K for the period ended December 31, 1997, under the heading
"Safe Harbor Statement Under the Private Securities Litigation Reform Act of
1995," and in all documents filed by the Registrant with the Securities and
Exchange Commission. The Registrant disclaims any obligation to update this
forward-looking statement following the date of this report, whether as a result
of new information, future events or otherwise.
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SIGNATURE
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.
MARTIN INDUSTRIES, INC.
Date: May 15, 1998 By /s/ RODERICK V. SCHLOSSER
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Roderick V. Schlosser
Vice President - Chief Financial Officer
and Secretary
