SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 29, 1995
DynCorp
(Exact name of registrant as specified in its charter)
Delaware 1-3879 36-2408747
(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification No.)
incorporation)
2000 Edmund Halley Drive, Reston, Virginia 22091-3436
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (703)-264-0330
Not applicable
(Former name or former address, if changed since last report)
The registrant hereby amends its Form 8-K, Current Report, dated July 13, 1995.
Item 2. Disposition of Assets
Item 2 has been amended in its entirety, to read as follows:
On June 30, 1995, the registrant (the "Company") sold the stock of all
its subsidiaries engaged in the business of commercial aircraft heavy
maintenance and modification (see Item 5. Other Events, for discontinuance of
the Commercial Aviation Sector business) to Sabreliner Corporation, a Delaware
corporation. Those subsidiaries are DynAir Tech of Florida, a Florida
corporation; DynAir Tech of Texas, a Texas corporation; and DynAir Avionics,
Inc., a Florida corporation, all of which were owned by the Registrant as
second-tier subsidiaries of its wholly owned subsidiary, DynCorp Aviation
Services, Inc. Sabreliner Corporation is a publicly owned corporation which has
no relationship to the Registrant or any of its affiliates, to any director or
officer of the Registrant, or to any associate of any such director or officer.
The sale price for the stock of these subsidiaries was $13,700,000 in cash,
subject to additional payments based on future business revenues of the sold
companies. The amount of loss incurred on the sale, net of income taxes, was
$15,939,000.
The Company has received a proposal for the sale of the remaining
portions of the Commercial Aviation Sector and has entered into discussions with
the interested party.
Item 7. Financial Statements and Exhibits
(c) Exhibits
The following Exhibit has been restated in its entirety, and a copy of
the Exhibit as restated is attached hereto:
(99) Restated Consolidated Condensed Balance Sheets as
of December 31, 1994 and December 31, 1995
Assets
Liabilities and Stockholders' Equity
Restated Consolidated Condensed Statements of
Operations for the years ended December 31, 1994 and
1995.
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.
DynCorp
Date: May 9, 1996 H. Montgomery Hougen
H. Montgomery Hougen
Vice President and Secretary