UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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 31, 2010
Electro Rent Corporation
(Exact Name of Registrant as Specified in Charter)
| California | 0-9061 | 95-2412961 |
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
| 6060 Sepulveda Boulevard, Van Nuys, CA | 91411-2501 |
| (Address of Principal Executive Offices) | (Zip Code) |
Registrant’s telephone number, including area code: (818) 787-2100
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 provisions (see General Instruction A.2 below):
¨ 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 2.01 Completion of Acquisition or Disposition of Assets.
On March 31, 2010 Electro Rent Corporation, a California corporation (the “Company”), completed the previously announced purchase of certain assets of Telogy, LLC (including accounts receivable and rental equipment, but excluding certain designated assets) in exchange for a payment of cash in the amount of $24.7 million, subject to post-closing adjustments, and the assumption of selected post-closing liabilities.
Item 8.01. Other Events
On March 31, 2010, Electro Rent Corporation issued a press release regarding the Asset Purchase Agreement described in Item 2.01 of this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
The required financial information will be filed by amendment.
99.1 Press release dated March 31, 2010.
SIGNATURES
Pursuant to the requirement 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.
| | Electro Rent Corporation |
| | |
| Date: April 2, 2010 | By: | /s/ Craig R. Jones |
| | | Craig R. Jones Vice President and Chief Financial Officer |
