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) March 26, 2003
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GLOBAL POWER EQUIPMENT GROUP INC.
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(Exact name of registrant as specified in its charter)
Delaware 001-16501 73-1541378
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(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation)
6120 South Yale
Suite 1480
Tulsa, Oklahoma 74136
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (918) 488-0828
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Item 9. Regulation FD Disclosure.
On March 26, 2003, the Registrant issued a press release announcing it
will be making a presentation to the investment community at the Deutsche Bank
2003 Basic Industries Conference in New York City on Monday, March 31, at 9:00
a.m. EST. The full text of the press release, which is set forth in Exhibit 99.1
hereto, is not filed but is furnished pursuant to Regulation FD.
During the Registrant's forthcoming presentation at the Deutsche Bank
2003 Basic Industries Conference, a representative of the Registrant intends to
provide information that the Registrant has recently received advance notice of
awards for multiple projects in The People's Republic of China (China). The
monetary value of these preliminary orders, where certain terms and conditions
are still being finalized, are estimated to range between $25 to $30 million
dollars. The Registrant intends to communicate that these preliminary orders
will not be included in its firm backlog at the end of its current fiscal
quarter ending March 29, 2003, but anticipates that those orders, along with
other preliminary orders it has announced, will be included in its firm
bookings, and realized as revenue, in subsequent periods. The Registrant is also
pursuing a significantly larger volume of business within China as part of a
multi-year gas turbine power plant program underway in China. The Registrant
will not be providing any details of the business opportunities in China on a
segment basis prior to its scheduled April 28, 2003 earnings announcement.
Forward Looking Statements
Statements contained in this filing regarding the Registrant's or
management's expectations, predictions or beliefs, including statements
concerning the expectations about the preliminary orders for the projects in
China and the pursuit of additional business in China, are forward looking
statements within the meaning of U.S. federal securities laws. These forward
looking statements are subject to a number of risks, assumptions and
uncertainties that could cause the Registrant's actual results to differ
materially from those projected. For example, the preliminary orders are subject
to the negotiation of the definitive terms and conditions, and there can be no
assurances that the Registrant will successfully receive a firm order for these
projects, the dollar amount of firm orders actually obtained or the timing of
such orders and the realization of revenues therefrom. Information concerning
some of the factors that could cause actual results to differ materially from
those in, or implied by, the forward looking statements are set forth under
"Risk Factors" in the Registrant's Form 10-K for the period ending December 28,
2002, and other reports on file with the U.S. Securities and Exchange
Commission.
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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 hereunto duly authorized.
Date: March 28, 2003
GLOBAL POWER EQUIPMENT GROUP INC.
By: /s/ John M. Matheson
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John M. Matheson
Secretary
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EXHIBIT INDEX
Exhibit No. Description
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99.1 Press Release dated March 26, 2003