Excelsior-Henderson Announces Emergence From Bankruptcy.Business Editors BELLE PLAINE Belle Plaine may refer to:
Excelsior-Henderson Motorcycle Excelsior-Henderson Motorcycle Company was founded by Dan Hanlon and Dave Hanlon (brothers) who secured the rights to the defunct Excelsior-Henderson trademark in 1994. The two brothers found a number of investors and built a state-of-the-art factory in Belle Plaine, Minnesota. Manufacturing Company announced that it has emerged from bankruptcy and that its modified plan of reorganization under Chapter 11 of the U.S. Bankruptcy Code Bankruptcy Code may refer to:
The modified plan of reorganization was the product of intensive efforts by the Company to design a strategy that would enable the Company to reorganize and obtain the required funding to preserve the future of the Company. The Company currently anticipates the modified plan will become effective on or before September 15, 2000, subject to the satisfaction or waiver of certain conditions. As previously announced, the Company's public stockholders and Co-Founders did not retain an equity interest in the Company going forward. The Company's Co-Founders, Dan, Dave and Jennie Hanlon said, "Confirmation of the plan represents the culmination of several months work. As we said before, we believe the proposed plan of reorganization represents the best available alternative for the Company and its creditors. This is a great initial step in rebuilding the Company." The plan may be reviewed on the U.S. Bankruptcy Court's website at www.mnb.uscourts.gov. A summary of the plan will be filed with the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Securities and Exchange Commission on Form 8-K Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. . Notes concerning forward-looking statements: This press release contains forward-looking statements regarding the plan of reorganization. The Company's actual results could differ materially from those anticipated in these forward-looking statements. There can be no assurance that the plan of reorganization will become effective. Investors and creditors are also encouraged to review the factors described from time to time in the Company's reports on file with the Securities and Exchange Commission, including but not limited to the Company's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended January 2, 1999 and the Company's Quarterly Report on Form 10-Q Form 10-Q See 10-Q. for the Quarterly period ended October 2, 1999. |
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