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UNITED STATES
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 12, 2004
THE TORO COMPANY
(Exact name of registrant as specified in its charter)
DELAWARE 1-8649 41-0580470
(State of Incorporation) (Commission File Number) (I.R.S. Employer
Identification Number)
8111 LYNDALE AVENUE SOUTH
BLOOMINGTON, MINNESOTA 55420-1196
TELEPHONE NUMBER: (952) 888-8801
(Address, including zip code, and telephone number, including area code, of
registrant's principal executive offices)
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Item 5. Other Events.
On March 12, 2004, The Toro Company announced that its Board of Directors: (1)
approved the repurchase of up to 2,500,000 shares of its common stock, through
a Dutch auction self-tender offer, (2) approved the repurchase of up to an
additional 1,000,000 shares of its common stock, in the open market or in
private transactions, subject to certain conditions; and (3) declared a regular
quarterly cash dividend of 6 cents per share to stockholders of record on March
22, 2004. A copy of the press release is attached hereto as Exhibit 99.1 and is
hereby incorporated by reference.
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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.
THE TORO COMPANY
(Registrant)
Date: March 12, 2004 By /s/ Stephen P. Wolfe
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Stephen P. Wolfe
Vice President Finance,
Treasurer and Chief Financial Officer
(duly authorized officer and principal
financial officer)
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EXHIBIT INDEX
EXHIBIT
NUMBER DESCRIPTION
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99.1 Registrant's press release dated March 12, 2004
(furnished herewith).