UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): April 28, 2003
KADANT INC.
(Exact name of registrant as specified in charter)
Delaware 1-11406 52-1762325
(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification No.)
incorporation)
One Acton Place
Acton, Massachusetts 01720
(Address of principal executive offices) (Zip Code)
(978) 776-2000
Registrant's telephone number, including area code
Not Applicable
(Former name or former address, if changed since last report)
KADANT INC.
Item 5. Other Events and Required FD Disclosure
On April 28, 2003, Kadant Inc. issued a press release announcing that
it has applied to list its common stock on the New York Stock Exchange, Inc. The
Company expects to begin trading on the NYSE on May 14, 2003 under the symbol
"KAI." A copy of the press release is filed as Exhibit 99.1 to this Current
Report on Form 8-K.
The information provided pursuant hereto shall not be deemed
incorporated by reference by any general statement incorporating by reference
this Form 8-K into any filing under the Securities Act of 1933, as amended, or
the Securities Exchange Act of 1934, as amended, and shall not otherwise be
deemed filed under such Acts.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits. The following material is filed as an exhibit to
this Current Report on Form 8-K.
Exhibit
Number Description
------- -----------
99.1 Press Release dated April 28, 2003.
<
2
>
KADANT INC.
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.
KADANT INC.
Date: April 28, 2003 By: /s/ Thomas M. O'Brien
--------------------------------------------------
Thomas M. O'Brien
Executive Vice President, Chief Financial Officer,
and Treasurer
<
3
>
KADANT INC.
EXHIBIT INDEX
99.1 Press Release dated April 28, 2003.
4
Exhibit 99.1
[LOGO] KADANT NEWS
AN ACCENT ON INNOVATION
One Acton Place, Suite 202
Acton, MA 01720
Kadant to Move to New York Stock Exchange
ACTON, Mass., April 28, 2003 - Kadant Inc. (AMEX:KAI) announced that it has
applied to list its common stock on the New York Stock Exchange (NYSE). The
company anticipates that its common stock will begin trading on the NYSE on
Wednesday, May 14, 2003, under its current ticker symbol, "KAI." Kadant's common
stock will continue to trade on the American Stock Exchange until that date.
William A. Rainville, chairman and chief executive officer of Kadant,
said, "Now that we are a completely independent public company, we are looking
to increase our visibility in the global investment community. We believe that
our listing on the NYSE will give us access to a broader investor base, and the
benefit of being associated with other listed firms that share our attributes -
a history of leadership, global market presence, sound business practices, and
financial strength."
"The Exchange is privileged to welcome Kadant to its family of listed
companies," said NYSE chairman and chief executive officer Dick Grasso. "As a
long-time supplier to the pulp and paper industry, Kadant has built a global
franchise that is a recognized and respected leader in the industry. We look
forward to an outstanding partnership with Kadant and its shareholders."
Kadant Inc. is a leading supplier of a range of products for the global
papermaking and paper recycling industries, including stock-preparation
equipment, water-management systems, and papermaking accessories. The company
also develops and manufactures composite building materials produced from
recycled fiber and plastic. Kadant, based in Acton, Massachusetts, reported $186
million in revenues in 2002 and employs approximately 1,100 people worldwide.
For more information, please visit www.kadant.com.