e8vk
 
 
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 29, 2011
 
DOVER CORPORATION
(Exact Name of Registrant as Specified in Charter)
 
         
State of Delaware
(State or Other Jurisdiction
of Incorporation)
  1-4018
(Commission File Number)
  53-0257888
(I.R.S. Employer
Identification No.)
     
3005 Highland Parkway, Suite 200,
Downers Grove, Illinois
(Address of Principal Executive Offices)
 
60515
(Zip Code)
(630) 541-1540
(Registrant’s telephone number, including area code)
(Former Name or Former address, if Changed Since Last Report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o   Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b))
 
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 


 

Item 8.01 Other Events
On September 29, 2011, Dover Corporation (the “Company”) announced that it had completed the sale of Crenlo, LLC and Paladin Brands to KPS Capital Partners, LP. Total proceeds from the sale are $290 million, subject to normal post-closing adjustments. The Company anticipates recognizing a loss on the sale of approximately $0.35 per diluted share, which the Company will report as part of discontinued operations in its third quarter 2011 results.
A copy of the Company’s press release is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits
(a)   Financial statements of businesses acquired.
 
    Not applicable.
 
(b)   Pro forma financial information.
 
    Not applicable.
 
(c)   Shell company transactions.
 
    Not applicable.
 
(d)   Exhibits.
 
    The following exhibits is filed as part of this report:
     99.1       Dover Corporation press release dated September 29, 2011.

 


 

SIGNATURE
     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.
         
Date: September 29, 2011   DOVER CORPORATION
(Registrant)
 
 
  By:   /s/ Joseph W. Schmidt    
    Joseph W. Schmidt, Senior Vice President,   
    General Counsel & Secretary   

 


 

         
EXHIBIT INDEX
         
Exhibit No.   Description
99.1  
Dover Corporation press release dated September 29, 2011

 

exv99w1
Exhibit 99.1
(GRAPHIC)
FOR IMMEDIATE RELEASE
     
CONTACT:
  READ IT ON THE WEB
Paul Goldberg
  http://www.dovercorporation.com
Treasurer & Director of Investor Relations
   
(212) 922-1640
   
DOVER COMPLETES SALE OF CRENLO AND PALADIN BRANDS
Continues to Execute on Strategy to Reduce Exposure to Construction Related End-Markets
Downers Grove, IL, September 29, 2011 — Dover Corporation (NYSE: DOV) announced today that it has completed the sale of Crenlo, LLC of Rochester, MN, a leading maker of cab equipment enclosures, and Paladin Brands of Cedar Rapids, IA, North America’s largest independent manufacturer of attachment tools, to KPS Capital Partners, LP. Total proceeds from the sale are $290 million, subject to normal post-closing adjustments.
“We are pleased to announce the completion of the sale of Crenlo and Paladin,” commented Bob Livingston, President and CEO of Dover. “While both of these companies have strong market positions, their sale is an important step in Dover’s long-term vision of strengthening the portfolio, improving margins and reducing our exposure to construction related end-markets. This transaction also provides additional financial capacity to continue Dover’s expansion plans in our key growth spaces through both acquisitions and internal initiatives.”
The company anticipates recognizing a loss on the sale of approximately $0.35 per diluted share, which will be reported as part of discontinued operations in its third quarter 2011 results.
Dover was advised by Lazard on this transaction.
Dover Corporation is a global manufacturer providing innovative components and equipment, specialty systems and support services for a variety of applications in the industrial products, engineered systems, fluid management and electronic technologies markets. For more information, please visit www.dovercorporation.com.