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: March 4, 1996
QUIXOTE CORPORATION
-------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware
-------------------------------------------------------------------------
(State or other jurisdiction of incorporation)
0-7903 36-2675371
---------------------------- ---------------------------
(Commission File Number) (I.R.S. Employer
Identification Number)
One East Wacker Drive, Suite 3000, Chicago, IL 60601
-------------------------------------------------------------------------
(Address of principal executive offices) (zip code)
(312) 467-6755
-------------------------------------------------------------------------
(Registrant's telephone number, including area code)
Item 2. Disposition of Assets
On February 16, 1996, Quixote Corporation (Quixote) sold certain assets
and liabilities of Stenograph Corporation (Stenograph), including its
Integrated Information Services (IIS) division to Pettibone Corporation, for
approximately $7,000,000 cash. The assets and liabilities retained by the
Company include net deferred tax assets and certain litigation including
Stenograph's repetitive stress injury cases. The Company also acts as
guarantor under certain lease obligations.
Quixote used a substantial portion of the proceeds of the sale to retire
debt under its revolving credit facility.
Prior to the above transaction, Stenograph had sold certain assets of its
Litigation Sciences (LSI) division to a third party for the assumption by the
Purchaser of certain liabilities of LSI. The remaining LSI assets and
liabilities were retained by Stenograph. These remaining LSI assets and
liabilities, including accounts receivable and liabilities under certain lease
obligations, were not sold in the transaction with Pettibone.
Item 7. Financial Statements and Exhibits
(b)(1) It is impractical to provide the required pro forma financial
information at the filing date of this report on Form 8-K. The
required pro forma financial information will be filed as soon
as practicable, but not later than sixty days after the filing
date of this report on Form 8-K.
(c) Exhibits
See index of exhibits filed as part of this Form 8-k.
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.
QUIXOTE CORPORATION
-------------------
/s/ Myron R. Shain
--------------------
By: Myron R. Shain
Its: Executive Vice
President-Finance
Date: March 4, 1996
Index of Exhibits
Exhibit Description
- --------- ---------------------------------------------------------------
2.1 Agreement for Purchase and Sale dated February 13, 1996 between
Stenograph Acquisition Corp., IIS Acquisition Corp. and
Pettibone Corporation, and Quixote Corporation, Stenograph
Corporation, Legal Technologies, Inc., Legal Technologies
Limited, and Integrated Information Services, Inc.
2.2 Agreement for Purchase and Sale dated January 25, 1996 by and
among Stenograph Corporation and LSI Acquisition, Inc.