tradingplans8k.htm
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): August 18,
2008
COLUMBUS
MCKINNON CORPORATION
(Exact
name of registrant as specified in its charter)
NEW YORK
(State
or other jurisdiction of incorporation)
0-27618 16-0547600
(Commission
File
Number) (IRS
Employer Identification No.)
140 JOHN JAMES AUDUBON
PARKWAY, AMHERST, NEW
YORK 14228-1197
(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)
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))
Item
8.01 OTHER
EVENTS
On August
14, 2008, certain executive officers of Columbus McKinnon Corporation (the
“Company”) adopted pre-arranged trading plans (each, a “Plan”) designed to
comply with Rule 10b5-1 under the Securities Exchange Act of 1934, as
amended, and the Company’s policies regarding stock transactions. Under
Rule 10b5-1, directors, officers and other persons who are not in
possession of material non-public information may adopt a pre-arranged plan or
contract for the sale of Company securities under specified conditions and at
specified times. As sales are executed in the future under these Plans, they
will be reported in accordance with federal securities laws. Using these Plans,
insiders can gradually diversify their investment portfolios, spread stock
trades out over an extended period of time to reduce market impact and avoid
concerns about transactions occurring at a time when they might possess inside
information.
The
executives have informed the Company that these stock sales enable them to
exercise vested options which expire in April 2009 and pay the resulting income
taxes.
The Plan
adopted by Timothy T. Tevens, the Company’s Chief Executive Officer and
President, provides for the sale of up to a total of 44,292 shares over a period
beginning August 15, 2008 and ending on March 31, 2009. These shares will be
acquired through the exercise of stock options. Shares will be sold under the
Plan on the open market at prevailing market prices, subject to minimum price
thresholds.
The Plan
adopted by Karen L. Howard, the Company’s Vice President – Finance, Treasurer
and Chief Financial Officer, provides for the sale of up to a total of 26,292
shares over a period beginning August 15, 2008 and ending on March 31, 2009.
These shares will be acquired through the exercise of stock options. Shares will
be sold under the Plan on the open market at prevailing market prices, subject
to minimum price thresholds.
The
Company does not undertake to report Rule 10b5-1 plans that may be adopted
by any officers or directors of the Company in the future, or to report any
modifications or termination of any publicly announced plan or to report any
plan adopted by an employee who is not an executive officer, except to the
extent required by law.
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/ Karen L.
Howard
Name: Karen
L. Howard
Title: Vice President and
Chief
Financial
Officer (Principal Financial Officer)
Dated: August 18,
2008