SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
November
1, 2002
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED)
ROPER INDUSTRIES, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE
(STATE OR OTHER JURISDICTION OF INCORPORATION)
| 1-12273 |
51-0263969 | |
| (COMMISSION FILE NUMBER) |
(IRS EMPLOYER IDENTIFICATION NO.) |
160 BEN BURTON ROAD, BOGART, GEORGIA 30622
| (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) |
(ZIP CODE) |
(706) 369-7170
(REGISTRANT’S TELEPHONE NUMBER, INCLUDING AREA CODE)
N/A
(FORMER ADDRESS)
ITEM 5. OTHER EVENTS.
On October 31, 2002, Roper Industries, Inc. (the “Company”) issued the press release attached hereto as Exhibit 99.1.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
| (a |
) |
Financial Statements of Business Acquired | |
| Not Applicable | |||
| (b |
) |
Pro Forma Financial Statements | |
| Not Applicable | |||
| (c |
) |
Exhibits | |
| 99.1 Press Release of the Company dated October 31, 2002. |
SIGNATURE
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 hereunto duly
authorized.
| ROPER INDUSTRIES, INC. |
||||
| (Registrant) |
||||
| BY: |
/s/ SHANLER D. CRONK |
|||
| Shanler D. Cronk, Vice President, |
||||
| General Counsel and Secretary |
Date: November 1, 2002 |
EXHIBIT INDEX
| Exhibit No. |
Description | |
| 99.1 |
Press Release of the Company dated October 31, 2002 |
Exhibit 99.1
Roper Industries Completes Adoption of SFAS 142
Bogart, Georgia, October 31, 2002—Roper Industries, Inc. (NYSE: ROP) announced that it recently completed the transitional impairment test of goodwill as required under Statement of Financial Accounting Standards No. 142,
“Goodwill and Other Intangible Assets.” As a result, the Company expects to record a non-cash charge to earnings of approximately $26 million, as a change in accounting principle, retroactive to the first quarter of fiscal 2002. The amount
of the charge is within the range originally discussed by the Company in May of this year and is attributable to the Company’s Redlake, Petrotech and Dynamco units.
For additional information on Roper Industries, and to register to receive Company press releases via e-mail, visit the Company’s website at www.roperind.com.
The information provided in this news release, in Company filings with the Securities and Exchange Commission,
including its Annual Report on Form 10-K for the year ended October 31, 2001, and in other press releases and public disclosures, contain forward-looking statements about the Company’s expected business outlook and future prospects. These
forward-looking statements involve numerous risks and uncertainties that are beyond the Company’s ability to control or predict. Such risks and uncertainties include, but are not limited to, the following: the level and timing of future
business with Gazprom and other Eastern European customers; unfavorable changes in foreign exchange rates; difficulties associated with exports; risks associated with the Company’s international operations; difficulty completing acquisitions
and successfully integrating acquired businesses; increased product liability and insurance risks and costs; increased warranty exposure; future competition; changes in the supply of, or price for, raw materials, parts and components; environmental
compliance costs and liabilities; and potential write-offs of substantial intangible assets.
There is no
assurance that these and other risks and uncertainties will not have an adverse impact on the Company’s future operations, financial condition or financial results. The Company believes that these forward-looking statements are reasonable;
however, undue reliance should not be placed on any forward-looking statements, which are only predictions and are not guarantees of performance. Further, forward-looking statements speak only as of the date they are made, and the Company does not
undertake an obligation to update publicly any forward-looking statements in light of new information or future events.
Roper Industries is a diversified provider of fluid handling, industrial control and analytical instrumentation products and solutions engineered to serve a number of global niche markets.
| Contact: |
Christopher M. Hix | |
| Director of Investor Relations | ||
| +001 (706) 369-7170 | ||
| investor_relations@roperind.com |
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