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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): June 23, 2022

COLUMBUS MCKINNON CORPORATION
(Exact name of registrant as specified in its charter)

New York
(State or other jurisdiction of incorporation)
001-34362   16-0547600
(Commission File Number)   (IRS Employer Identification No.)
 
205 Crosspoint Parkway Buffalo NY 14068
(Address of principal executive offices) (Zip Code)

Registrant's telephone number including area code: (716) 689-5400
 
_________________________________________________

(Former name or former address, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading Symbol(s) Name of each exchange on which registered
Common Stock, $0.01 par value per share CMCO Nasdaq Global Select Market

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:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging Growth Company

If an Emerging Growth Company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐



Item 7.01 REGULATION FD DISCLOSURE.

On June 23, 2022, the registrant issued a press release announcing an update on its strategy and long-term financial goals at the Unlocking the Potential of CMCO: Moving Beyond the Blueprint investor day conference. The press release is annexed as Exhibit 99.1 to this Current Report on Form 8-K.

The information contained in this Form 8-K and the Exhibits annexed hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth in such filing.

Item 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(d)  Exhibits.

EXHIBIT
NUMBER
   DESCRIPTION
        
Press release dated June 23, 2022
104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document)



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 thereunto duly authorized.

COLUMBUS McKINNON CORPORATION
     
By: /s/ Gregory P. Rustowicz
Name: Gregory P. Rustowicz
Title: Senior Vice President - Finance and Chief Financial Officer
   (Principal Financial Officer)

Dated:  June 23, 2022

EX-99.1 2 exhibit9916232022.htm EX-99.1 Document

 imagea.jpg    
                            EXHIBIT 99.1
News Release
205 Crosspoint Parkway
Buffalo, NY 14068
Immediate Release     

Columbus McKinnon to Provide Update on Strategy and Long-Term Financial Goals at 2022 Investor Day
Strategy drives growth and expands margins by Unlocking the Potential of CMCO: Moving Beyond the Blueprint

BUFFALO, NY, June 23, 2022 - Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, will host its previously announced hybrid investor day, Unlocking the Potential of CMCO: Moving Beyond the Blueprint today beginning at 9:00 am ET. The Columbus McKinnon leadership team will discuss the Company’s strategy, its transformation into a top-tier intelligent motion solutions company and its new five-year financial targets.

David J. Wilson, President and CEO of Columbus McKinnon, commented, “We have made excellent progress transforming Columbus McKinnon from a legacy cyclical industrial company to a top-tier, secular growth, intelligent motion solutions company. We are on the path to becoming the global leader in safe and productive intelligent material handling solutions that move the world forward and improve lives. Importantly, our journey drives our growth and earnings power as we look to grow over a 10% CAGR to achieve $1.5 billion in revenue in fiscal 2027 with EBITDA margins of 21%. We have a clear path to achieve and surpass our original 19% EBTIDA margin goal as we expand our addressable market, innovate to drive organic and inorganic growth, and implement our simplification efforts to drive out costs.”

As previously announced, a live video webcast of the Investor Day event will begin at 9:00 a.m. ET today and conclude at approximately 12:30 p.m. ET. The event can be accessed at investors.columbusmckinnon.com. A replay of the presentations, as well as a copy of the slides, will also be made available on the Company’s website following the event.

About Columbus McKinnon
Columbus McKinnon is a leading worldwide designer, manufacturer and marketer of intelligent motion solutions that move the world forward and improve lives by efficiently and ergonomically moving, lifting, positioning and securing materials. Key products include hoists, crane components, precision conveyor systems, rigging tools, light rail workstations and digital power and motion control systems. The Company is focused on commercial and industrial applications that require the safety and quality provided by its superior design and engineering know-how. Comprehensive information on Columbus McKinnon is available at www.columbusmckinnon.com.

Safe Harbor Statement
This news release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements concerning future sales and earnings, involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to differ materially from the results expressed or implied by such statements, including the impact of supply chain challenges and inflation, the ability of the Company to scale the organization, achieve its financial targets including revenue and adjusted EBITDA, and execute CMBS and the Core Growth Framework; and global economic and business conditions, conditions affecting the industries served by the Company and its subsidiaries, the Company's customers and suppliers, competitor responses to the Company's products and services, the overall market acceptance of such products and services, the ability to expand into new markets and geographic regions, and other factors disclosed in the Company's periodic reports filed with the Securities and Exchange Commission.




This release also contains forward-looking statements regarding non-GAAP Adjusted EBITDA and Adjusted EBITDA margin. The Company is unable to present a quantitative reconciliation of these forward-looking non-GAAP financial measures to their most directly comparable forward-looking GAAP financial measures because such information is not available, and management cannot reliably predict the necessary components of such GAAP measures without unreasonable effort or expense. In addition, the Company believes that such reconciliations would imply a degree of precision that would be confusing or misleading to investors. The unavailable information could have a significant impact on the Company’s Fiscal 27 financial results. These non-GAAP financial measures are preliminary estimates and are subject to risks and uncertainties, including, among others, changes in connection with quarter-end and year-end adjustments. Any variation between the Company’s actual results and preliminary financial data set forth above may be material. The Company assumes no obligation to update the forward-looking information contained in this release.
###

Contacts:
Gregory P. Rustowicz
Investor Relations:
Senior Vice President - Finance and Chief Financial Officer
Deborah K. Pawlowski
Columbus McKinnon Corporation
Kei Advisors LLC
716-689-5442
716-843-3908
greg.rustowicz@cmworks.com
dpawlowski@keiadvisors.com