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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000912057-01-004248.txt : 20010208
<SEC-HEADER>0000912057-01-004248.hdr.sgml : 20010208
ACCESSION NUMBER:		0000912057-01-004248
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20010207
ITEM INFORMATION:		
ITEM INFORMATION:		
FILED AS OF DATE:		20010207

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TENNANT CO
		CENTRAL INDEX KEY:			0000097134
		STANDARD INDUSTRIAL CLASSIFICATION:	REFRIGERATION & SERVICE INDUSTRY MACHINERY [3580]
		IRS NUMBER:				410572550
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		
		SEC FILE NUMBER:	001-16191
		FILM NUMBER:		1527769

	BUSINESS ADDRESS:	
		STREET 1:		701 N LILAC DR
		STREET 2:		P O BOX 1452
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55440
		BUSINESS PHONE:		6125401200

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TENNANT G H CO
		DATE OF NAME CHANGE:	19700515
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a2037431z8-k.txt
<DESCRIPTION>8-K
<TEXT>

<PAGE>

                                  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) February 7, 2001
                                                        ----------------


                                 TENNANT COMPANY
- --------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


         Minnesota                     0-4804                   41-0572550
- --------------------------------------------------------------------------------
(State or other jurisdiction  (Commission File Number)     ( IRS Employer
     of incorporation)                                     Identification No.)


        701 NORTH LILAC DRIVE, P.O. BOX 1452
               MINNEAPOLIS, MINNESOTA                             55440
- --------------------------------------------------------------------------------
      (Address of principal executive offices)                 (Zip Code)


Registrant's telephone number, including area code  (763) 540-1200
                                                   ---------------


<PAGE>


Item 5.    OTHER EVENTS.

                  On February 7, 2001, Tennant Company issued the press release
that is attached hereto as Exhibit 99 and incorporated herein by reference.



Item 7.    FINANCIAL STATEMENTS AND EXHIBITS.

         (c)      EXHIBITS

         99       Press Release dated February 7, 2001


<PAGE>


                                   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.

                                 TENNANT COMPANY


Date:  February 7, 2001          /s/ James J. Seifert
                                 -----------------------------------------------
                                     James J. Seifert
                                     Vice President, General Counsel and
                                     Secretary


<PAGE>


                                  EXHIBIT INDEX

                                                                    Method
   Exhibit                      Description                        of Filing
   -------                      -----------                        ---------
                                                                  Filed
    99             Press Release dated February 7, 2001...........Electronically
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>a2037431zex-99.txt
<DESCRIPTION>EXHIBIT 99
<TEXT>

<PAGE>


                                                                      EXHIBIT 99


                                  [LETTERHEAD]


INVESTOR CONTACT:                                               MEDIA CONTACT:
Tony Brausen                                                    Chris Malecek
Vice President & Chief Financial Officer                        Weber Shandwick
Tennant Company                                                 952-346-6181
763-540-1553

              TENNANT PLANS TO TRANSFER GERMAN EQUIPMENT PRODUCTION
                            TO CONTRACT MANUFACTURER

      OUTSOURCING AGREEMENT TO BENEFIT OPERATING PROFIT IN 2002 AND BEYOND

    RELATED RESTRUCTURING CHARGES TO BE SUBSTANTIALLY OFFSET BY ONE-TIME GAIN


MINNEAPOLIS, Feb. 7, 2001 - Tennant Company (NYSE: TNC) announced today that it
plans to close a leased manufacturing facility in Waldhausen, Germany and
transfer the related production to a contract manufacturer based in the Czech
Republic. The move is expected to enhance Tennant's operating profit beginning
in 2002, with benefits exceeding $1.5 million annually on a pre-tax basis in
2003 and beyond. The contract manufacturer is an ISO 9001 certified company that
currently provides contract manufacturing services for several U.S. and European
companies.
         The transfer of production is expected to result in after-tax
restructuring and other nonrecurring charges totaling approximately $3.5 to $4
million, or $.38 to $.44 per share. Tennant plans to record the majority of the
charges in its first quarter, which ends March 31, 2001.
         For the full year, the company expects a nonrecurring pension
settlement gain to have the effect of substantially offsetting these charges.
The pension settlement gain is estimated to total approximately $3.2 to $3.6
million after tax, or $.35 to $.39 per share. This non-cash gain is an
accounting adjustment that will be recorded once the company receives U.S.
Internal Revenue Service approval for changes being made to its defined benefit
retirement plan. The company expects to receive that approval in the second half
of the current year.


<PAGE>


2--Tennant to Transfer German Equipment Production . . .

         "Transferring the operations currently based in our Waldhausen plant to
a contract manufacturer is part of our ongoing effort to improve our return on
invested capital and economic profit," said Janet M. Dolan, Tennant Company's
president and chief executive officer. "By moving production of the products we
currently manufacture at Waldhausen to a well-qualified contractor, we will
significantly reduce our product costs, while also reducing the corporate
overhead associated with this facility. This will help us make further progress
toward our goal of achieving operating margins of 10.5% or better," said Dolan.
         In 2001, the net impact of this action, including inefficiencies
associated with the transfer of the Waldhausen production operations to the
contractor, could reduce earnings per share by up to $.03 per share, before the
restructuring and other nonrecurring charges, according to Dolan.
         Tennant added the Waldhausen plant when it acquired Paul Andra KG, a
German manufacturer of commercial floor cleaning and maintenance equipment, in
January 1999. The plant manufactures floor buffers and small scrubbers.
         Approximately 75 positions at the plant will be eliminated by the
transfer of production to the contractor. Severance and termination discussions
have begun with the Waldhausen Works Council, an organization representing
employee and community interests, and are expected to be completed in the coming
months. Tennant sales and customer service personnel for Germany will remain
located in Waldhausen.
         For the year ending December 31, 2001, Tennant expects a nonrecurring
pension settlement gain to have the effect of substantially offsetting charges
related to closing the Waldhausen plant. This non-cash accounting gain is
required as a result of Tennant's transition away from a defined benefit
retirement program for its employees toward an enhanced defined contribution
plan. The company expects the Internal Revenue Service approval that would
trigger recognition of the gain to occur in the second half of 2001 based on
typical IRS review and approval time periods. Overall, the changes in the
company's retirement plans are


<PAGE>


3--Tennant to Transfer German Equipment Production

not expected to significantly increase nor decrease retirement benefit plan
expenditures compared with the average expenditures over the past three years.

COMPANY PROFILE

         Tennant is a world-leading manufacturer of nonresidential floor
maintenance and outdoor cleaning equipment, floor coatings and related
offerings. Its products include scrubbers, sweepers, extractors, buffers and
other specialized floor cleaning equipment and supplies, plus a complete line of
industrial floor coatings. Tennant's stock is traded on the New York Stock
Exchange under the symbol TNC. For more information about Tennant and to
register to receive emailed notification of the company news releases, visit
www.tennantco.com.
         THIS NEWS RELEASE INCLUDES FORWARD-LOOKING STATEMENTS INVOLVING RISKS
AND UNCERTAINTIES. THESE INCLUDE FACTORS THAT AFFECT ALL BUSINESSES OPERATING IN
A GLOBAL MARKET AS WELL AS MATTERS SPECIFIC TO THE COMPANY AND THE MARKETS IT
SERVES. PARTICULAR RISKS AND UNCERTAINTIES CURRENTLY FACING TENNANT INCLUDE, BUT
ARE NOT LIMITED TO: THE ABILITY TO IMPLEMENT ITS PLANS TO INCREASE WORLDWIDE
MANUFACTURING EFFICIENCIES; POLITICAL AND ECONOMIC UNCERTAINTY THROUGHOUT THE
WORLD; INFLATIONARY PRESSURES; THE POTENTIAL FOR INCREASED COMPETITION IN THE
COMPANY'S BUSINESSES FROM COMPETITORS THAT HAVE SUBSTANTIAL FINANCIAL RESOURCES;
THE POTENTIAL FOR SOFT MARKETS IN CERTAIN REGIONS, INCLUDING NORTH AMERICA,
ASIA, LATIN AMERICA AND EUROPE; THE RELATIVE STRENGTH OF THE U.S. DOLLAR, WHICH
AFFECTS THE COST OF THE COMPANY'S PRODUCTS SOLD INTERNATIONALLY; THE ABILITY TO
SUCCESSFULLY IMPLEMENT THE SAP ENTERPRISE RESOURCE PLANNING SYSTEM; AND THE
COMPANY'S PLAN FOR GROWTH. FOR ADDITIONAL INFORMATION ABOUT FACTORS THAT COULD
MATERIALLY AFFECT TENNANT'S RESULTS, PLEASE SEE THE COMPANY'S SECURITIES AND
EXCHANGE COMMISSION FILINGS.

                                       ###
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