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) August 15, 2002 WATTS INDUSTRIES, INC. (Exact name of registrant as specified in charter) DELAWARE 000-14787 04-2916536 (State or other jurisdiction (Commission file number) (IRS employer of incorporation) identification no.) 815 CHESTNUT STREET NORTH ANDOVER, MASSACHUSETTS 01845 (Address of principal executive offices and zip code) Registrant's telephone number, including area code: (978) 688-1811 ITEM 5 - OTHER EVENTS On August 15, 2002, the Registrant issued a press release that announced the Securities and Exchange Commission had commenced a civil action against Mr. Timothy P. Horne, a Director of the Registrant, relating to trading he did in the shares of Central Sprinkler Corporation in May 1999. A copy of the press release is attached as an Exhibit to this report on Form 8-K and is incorporated herein by reference in its entirety. ITEM 7 - FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS (c) Exhibits Exhibit 99.1 - Press release of Watts Industries, Inc. dated August 15, 2002. 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. Date: August 20, 2002 By: /s/ Lester J. Taufen ------------------------------ Lester J. Taufen General Counsel and Vice President of Legal Affairs EXHIBIT INDEX Exhibit No. Description ----------- ----------- 99.1 Press release of Watts Industries, Inc. dated August 15, 2002