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 |
| July 26, 2004 |
| (Date of earliest event reported) |
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Protection One, Inc. |
| Protection One Alarm Monitoring, Inc. |
(Exact Name of Registrant |
| (Exact Name of Registrant |
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Delaware |
| Delaware |
(State or Other Jurisdiction |
| (State or Other Jurisdiction |
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1-12181-01 |
| 1-12181 |
(Commission File Number) |
| (Commission File Number) |
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93-1063818 |
| 93-1065479 |
(I.R.S. Employer |
| (I.R.S. Employer |
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818 S. Kansas Avenue |
| 818 S. Kansas Avenue |
(Address of Principal Executive |
| (Address of Principal Executive |
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(785) 575-1707 |
| (785) 575-1707 |
(Registrant’s Telephone Number, |
| (Registrant’s Telephone Number, |
Item 5. Other Events.
On July 26, 2004, Protection One, Inc. (the “Company”) reached an agreement to further extend the standstill agreements among the Company, Protection One Alarm Monitoring, Inc. (“POAMI”), Network Multi-Family Security Corporation, POI Acquisition, L.L.C., POI Acquisition I, Inc. and Quadrangle Master Funding Ltd. The terms of the new extensions require the applicable Quadrangle Group LLC affiliate(s), under certain conditions, to continue to forbear until August 2, 2004 from (i) exercising any rights and taking any enforcement and collection actions as a result of the occurrence of specified defaults under the revolving credit facility and (ii) exercising any rights to which such affiliate is entitled as a result of its equity ownership in the Company. Thereafter, the term of the standstill agreements shall be automatically extended for three consecutive one week periods unless the Quadrangle Group LLC affiliate(s) deliver a written notice to the Company. The extension agreements are attached hereto as Exhibits 10.1 and 10.2, respectively.
Also, on June 29, 2004, POAMI made the semi-annual interest payment of approximately $2 million on the outstanding $29.9 million aggregate principal amount of its 13 5/8% senior subordinated discount notes due 2005. POAMI previously deferred payment of such semi-annual interest payment.
Item 7. Financial Statements and Exhibits.
(c) Exhibits:
Exhibit 10.1 |
| Agreement to extend credit facility standstill, dated July 26, 2004, among Protection One, Inc., Protection One Alarm Monitoring, Inc., Network Multi-Family Security Corporation, POI Acquisition, L.L.C. and Quadrangle Master Funding Ltd. |
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Exhibit 10.2 |
| Agreement to extend equity standstill, dated July 26, 2004, between Protection One, Inc. and POI Acquisition I, Inc. |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, each registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| PROTECTION ONE, INC. |
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Date: August 2, 2004 |
| By: | /s/ Darius G. Nevin |
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| Name: Darius G. Nevin |
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| Title: Executive Vice President and |
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| PROTECTION ONE ALARM |
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Date: August 2, 2004 |
| By: | /s/ Darius G. Nevin |
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| Name: Darius G. Nevin |
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| Title: Executive Vice President and |
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