UNITED STATES
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
Date of Report (Date of Earliest Event Reported): September 16, 2003
APPLICA INCORPORATED
Commission File Number 1-10177
Florida | 59-1028301 | |
|
||
(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification Number) | |
5980 Miami Lakes Drive, Miami Lakes, Florida | 33014 | |
|
||
(Address of principal executive offices) | (Zip Code) |
Registrants telephone number, including area code: (305) 362-2611
Item 5. Other Events and Required FD Disclosure.
On September 16, 2003, Applica Incorporated issued a press release updating managements sales guidance for the third quarter of 2003 to approximately $175 million. The Company also announced that it had received a cash distribution of $51.4 million related to the sale by its joint venture company, Anasazi Partners, of its equity interest in the ZonePerfect Nutrition Company. The Company will use a portion of the proceeds to repurchase an additional $25 million of its 10% notes in October 2003. Also, the Company announced that it is considering the payment of bonuses to two members of senior management involved in the transaction, which could partially offset the gain from the joint venture in the third quarter. A copy of the press release is attached as Exhibit 99.1 to this report.
2
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, thereunto duly authorized.
Date: September 16, 2003 | Applica Incorporated | |
By: /s/ Terry Polistina | ||
|
||
Terry Polistina, Senior Vice President and Chief Financial Officer of Applica Incorporated |
3
Exhibit Index
Exhibit No. | Description | |
|
||
99.1 | Applica Incorporated Press Release dated September 16, 2003 |
4