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): October 3, 2011
JACOBS ENTERTAINMENT, INC.
(Exact name of registrant as specified in its charter)
| | | | |
| Delaware | | 333-88242 | | 34-1959351 |
(State or Other Jurisdiction of Incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
| |
17301 West Colfax Ave, Suite 250, Golden, Colorado 80401 | | |
| (Address of principal executive offices) | | |
Registrant’s telephone number, including area code 303-215-5200
(Former name of former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provision.
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| ITEM 1.01 | ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT |
See Items 2.01 and 9.01 below incorporated herein by this reference.
| ITEM 2.01 | COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS |
On October 3, 2011, Jacobs Sugar Warehouse, Inc., a wholly owned subsidiary of Jacobs Entertainment, Inc. (the “Registrant”) exercised its option and entered into and closed a Purchase Agreement with Sycamore & Main, Inc. to acquire its parking lot business and related assets in what we call the Nautica Properties area in Cleveland, Ohio, for approximately $1.1 million in cash. The Registrant funded the purchase price with corporate funds and borrowings under its bank revolving credit line. Sycamore & Main, Inc. was 80% owned by the Registrant’s CEO and 20% by third parties.
| ITEM 9.01 | FINANCIAL STATEMENTS AND EXHIBITS |
Filed herewith is the following:
| | (a) | Financial statements of business acquired: |
The financial statements required by Item 9.01(a) of Form 8-K will be filed by amendment not later than 71 calendar days after the date this report on Form 8-K must be filed.
| | (b) | Pro forma financial information: |
The pro forma financial information required by Item 9.01(b) of Form 8-K will be filed by amendment not later than 71 calendar days after the date this report on Form 8-K must be filed.
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(d) Exhibit
No. | | Description |
| |
| 10.31 | | Purchase Agreement between Sycamore & Main, Inc. and Jacobs Sugar Warehouse, Inc. dated October 3, 2011 |
SIGNATURE
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.
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| | | | JACOBS ENTERTAINMENT, INC. |
| | |
| | | | /s/ Brett A. Kramer |
Date: October 6, 2011 | | | | By: Brett A. Kramer |
| | | | Its: Chief Financial Officer |
