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) MAY 5, 2004
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FRANKLIN ELECTRIC CO., INC.
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
INDIANA 0-362 35-0827455
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(STATE OR OTHER JURISDICTION OF (COMMISSION (I.R.S. EMPLOYER
INCORPORATION OR ORGANIZATION) FILE NUMBER) IDENTIFICATION NO.)
400 EAST SPRING STREET
BLUFFTON, INDIANA 46714
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
(260) 824-2900
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(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
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Item 5. Other Events
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The Board of Directors of Franklin Electric Co., Inc., an Indiana
corporation (the "Registrant") approved a two-for-one stock split on
May 5, 2004. The stock split will be effected in the form of a 100%
stock distribution of one additional share of the Registrant's Common
Stock ($.10 par value per share) for each issued share of Common Stock
held of record on May 28, 2004. The additional shares will be
distributed on or about June 15, 2004.
The information contained in the Registrant's press release dated May
5, 2004 with respect to the two-for-one stock split is included in
Exhibit 99 to this Form 8-K and is incorporated herein by reference.
SIGNATURES
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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.
FRANKLIN ELECTRIC CO., INC.
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(Registrant)
Date May 11, 2004 By /s/ Gregg C. Sengstack
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Gregg C. Sengstack, Senior Vice
President, Chief Financial
Officer and Secretary (Principal
Financial and Accounting Officer)
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FRANKLIN ELECTRIC CO., INC.
EXHIBIT INDEX
Exhibit
Number Description
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99 Press Release
EXHIBIT 99
Press Release
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For Immediate Release For Further Information
Refer to Gregg C. Sengstack
260/824-2900
FRANKLIN ELECTRIC COMPANY
ANNOUNCES TWO-FOR-ONE STOCK SPLIT
BLUFFTON, INDIANA - MAY 5, 2004 - Franklin Electric Co., Inc. (NASDAQ:
FELE) announced that its Board of Directors approved a two-for-one
stock split. The stock split will be effected in the form of a 100%
stock distribution of one additional share of common stock for each
issued share of common stock held of record on May 28, 2004. The
additional shares will be distributed on or about June 15, 2004. On
February 27, 2004, the Company had 10,988,572 shares of common stock
outstanding.
R. Scott Trumbull, Chairman, Chief Executive Officer and President,
stated, "We are taking this action in response to our record earnings
and stock price performance. We want to make our stock accessible to a
broader range of investors, improve its marketability and enhance
shareowner value. As we look forward, we are confident in the long-
term growth opportunities for our company."
Franklin Electric, a technical leader in electric motors, drives and
controls, is the world's largest manufacturer of submersible water and
fueling systems motors, a manufacturer of underground fueling systems
hardware and flexible piping systems and a leader in engineered
industrial motor products.
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"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM
ACT OF 1995. Any forward looking statements contained herein involve
risks and uncertainties, including but not limited to, general economic
and currency conditions, various conditions specific to the Company's
business and industry, market demand, competitive factors, supply
constraints, technology factors, government and regulatory actions, the
Company's accounting policies, future trends, and other risks which are
detailed in the Company's Securities and Exchange Commission filings.
These risks and uncertainties may cause actual results to differ
materially from those indicated by the forward-looking statements.
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