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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): November 2, 1995 THE TORO COMPANY (Exact name of registrant as specified in its charter) DELAWARE 1-8649 41-0580470 (State or other jurisdiction (Commission File No.) (IRS Employer of incorporation) Identification no.) 8111 LYNDALE AVENUE SOUTH, BLOOMINGTON, MINNESOTA 55420 (Address of principal executive office) (Zip Code) (612)888-8801 (registrant's telephone number,including area code) ITEM 8. CHANGE IN FISCAL YEAR On November 2, 1995, following receipt of approval from the Internal Revenue Service, The Toro Company determined to change its fiscal year end from July 31 to October 31. The quarter ended October 31, 1995 will become a three month transition period and the Registrant will report on the transition period on Form 10Q. Registrant's 1995 Annual Meeting scheduled for December 14, 1995 has been postponed and will be rescheduled for February or March 1996. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS Exhibit A Registrant's press release of November 2, 1995. 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. THE TORO COMPANY Dated: 11/7/95 By: /s/ J. LAWRENCE MCINTYRE -------------------------------------- Its: Vice President, Secretary & General Counsel 2
For Further Information CONTACT: INVESTOR RELATIONS MEDIA RELATIONS Dennis Himan Stephen D. Keating Donald O. St. Dennis Vice President, Treasurer Assistant Treasurer Director, Public Relations (612)887-8411 (612)887-8526 (612)887-8960 TORO'S FISCAL YEAR CHANGE APPROVED BLOOMINGTON, MINN. (Nov. 2, 1995) -- The Toro Company (NYSE: TTC) announced today that it has received approval from the Internal Revenue Service (IRS) to change Toro's fiscal year-end from July 31 to Oct. 31. Company officials said changing the fiscal year-end to October from July is primarily intended to enhance the planning process of the company. The company's consumer retail sales are seasonal and heaviest in the late spring and early summer months. The Oct. 31 year-end date will allow the company to plan retail support activities for the next fiscal year with more information on important issues such as inventory management, customer trends and product sales. Toro's latest completed quarter ended Oct. 31, 1995 now becomes a transition quarter. Toro's fiscal 1996 began yesterday (Nov. 1, 1995) and will end Oct. 31, 1996. Results of the transition period will be announced by the company in mid-December. Toro's annual meeting, originally scheduled for Dec. 14, 1995, has been postponed and will be rescheduled in February or March of 1996. The Toro Company is a worldwide leader in the manufacturing of outdoor beautification equipment and products for the residential and commercial markets. 3