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):
December 8, 2000
(Exact name of registrant as specified in its charter)
File Number) |
2090 Marina Avenue, Petaluma, California 94954
707-778-8638
Item 5. Other Events
On December 8, 2000, Regan Holding Corp. (the “Company”) acquired all of the assets of Values Financial Network, Inc. (“VFN”), an unaffiliated corporation engaged in the business of values-based investment screening, for total consideration of approximately $4.0 million. Such consideration consisted of approximately $2.5 million in advances paid by the Company, which were forgiven in conjunction with the acquisition; approximately $300,000 paid in cash to the former sole shareholder of VFN (Shepherd Financial Services, Inc. or “Shepherd”); and assumption by the Company of an obligation of approximately $1.2 million payable to a software developer related to usage and modification of a website acquired in the transaction. The Company is funding the acquisition with cash provided by investing activities. The purchased assets include an operational website, Internet domain names, sales leads, trademarks, copyrights, software, and other intellectual property. Such assets will be used for marketing products offered by subsidiaries of the Company. In addition, the Company is obligated to pay Shepherd royalties based on specified percentages of net income upon achievement of net income targets.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
a) Financial statements of the business acquired
Not applicable
b) Pro forma financial information
Not applicable
c) Exhibits
Not applicable
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.
REGAN HOLDING CORP. | ||||||
Date: January 18, 2001 | By: /s/ G. Steven Taylor G. Steven Taylor Chief Financial Officer |