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): 2-17-04
VULCAN INTERNATIONAL CORPORATION
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(Exact name of registrant as specified in its charter)
DELAWARE 1-10219 31-0810265
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(State or other jurisdiction (Commission File No.) (IRS Employer I.D. No.)
of incorporation)
300 Delaware Avenue, Suite 1704
Wilmington, Delaware 19801
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Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (302) 427-5804
N/A
(Former name or former address, if changed since last report
Item 5. Other events
On Tuesday, February 17, 2004, Vulcan International Corporation, through
two of its subsidiaries, Vulcan Corporation and Vulcan Bowling Pin Company
(collectively referred to as "Vulcan") filed a formal complaint against
Brunswick Corporation and two of its subsidiaries (collectively referred
to as "Brunswick") in the Court of Common Pleas in Hamilton County, Ohio.
The complaint seeks judgment to enforce the terms of a "buy-sell" offer
for $2,000,000, compensatory damages of $10,000,000 and punitive damages
of $40,000,000. In addition, Vulcan is seeking a judgment declaring that
it has no obligation to purchase bowling pins from Brunswick and that it
may purchase such bowling pins for resale from any source whatsoever.
Vulcan and Brunswick had formed a partnership in 1990 for the purpose
of producing bowling pins. Under the terms of their agreement, and
more specifically a "buy-sell" provision included in the agreement,
Brunswick had offered to purchase and Vulcan had agreed to sell,
Vulcan's interest in the partnership for $2,000,000. Subsequently,
Brunswick refused to purchase Vulcan's interest for the agreed-upon
price unless Vulcan agreed to indemnify Brunswick for any claims which
might be made against Brunswick in the future and to provide Brunswick
with unspecified representations and warranties.
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.
Vulcan International Corporation
By: /s/ Vernon E. Bachman
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Vernon E. Bachman, Vice President
and Secretary-Treasurer
Date: February 20, 2004