UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A
Quarterly Report Pursuant to Section 13 or 15 (d) of the
Securities Exchange Act of 1934
For the quarterly period ended June 25, 1999
Commission File Number: 001-9249
GRACO INC.
(Exact name of Registrant as specified in its charter)
Minnesota 41-0285640
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(State of incorporation) (I.R.S. Employer Identification Number)
88-11th Avenue N.E.
Minneapolis, Minnesota 55413
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(Address of principal executive offices) (Zip Code)
(612) 623-6000
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(Registrant's telephone number, including area code)
Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months, and (2) has been subject to such filing requirements
for the past 90 days.
Yes X No
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20,337,102 common shares were outstanding as of July 23, 1999.
GRACO INC. AND SUBSIDIARIES
INDEX
Page Number
PART I FINANCIAL INFORMATION
Item 1. Financial Statements
Consolidated Statements of Earnings 3
Consolidated Balance Sheets 4
Consolidated Statements of Cash Flows 5
Notes to Consolidated Financial Statements 6-7
Item 2. Management's Discussion and Analysis
of Financial Condition and
Results of Operations 8-11
PART II OTHER INFORMATION
Item 4. Submission of Matters to a Vote of Security Holders 12
Item 6. Exhibits and Reports on Form 8-K 12
SIGNATURES 13
Non-employee Director Stock Plan, as amended
June 18, 1999 Exhibit 10
Computation of Net Earnings per Common Share Exhibit 11
Financial Data Schedule (EDGAR filing only) Exhibit 27
Item 4. Submission of Matters to a Vote of Security Holders
At the Annual Meeting of Shareholders held on May 4, 1999, James A. Earnshaw,
David A. Koch, Richard D. McFarland, Lee R. Mitau, and Martha A.M. Morfitt were
elected to the office of Director with the following votes:
FOR WITHHELD
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James A. Earnshaw 16,523,453 61,224
David A. Koch 16,552,963 61,715
Richard D. McFarland 16,506,598 78,080
Lee R. Mitau 16,517,404 67,274
Martha A.M. Morfitt 16,515,833 68,845
At the same meeting, the following matters were also voted upon with the votes
as indicated:
The approval of the Executive Officer Annual Incentive Bonus Plan with the
following votes:
FOR AGAINST ABSTENTIONS BROKER NON-VOTE
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15,778,449 650,470 155,759 0
The selection of Deloitte & Touche as independent auditors for the current year
was approved and ratified, with the following votes:
FOR AGAINST ABSTENTIONS BROKER NON-VOTE
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16,432,643 47,292 104,742 0
No other matters were voted on at the meeting.
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.
GRACO INC.
Date: May , 2001 By: /s/George Aristides
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George Aristides
Chairman of the Board and
Chief Executive Officer
Date: May , 2001 By: /s/James A. Graner
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James A. Graner
Vice President & Controller
("duly authorized officer")