UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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): April 30, 1999
333-46235
(Commission File Number)
PRODUCTION RESOURCE GROUP, L.L.C.
(Exact name of Registrant as Specified in its Charter)
Delaware 14-1786937
(State or other Jurisdiction of Formation) (IRS Employer Identification No.)
539 Temple Hill Road, New Windsor, New York 12553
(Address of Principal Executive Offices) (Zip Code)
(914) 567-5700
(Registrant's Telephone Number, Including Area Code)
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Item 2. Acquisitions
On April 30, 1999, Production Resource Group, L.L.C. (the "Company")
acquired substantially all of the assets subject to substantially all of the
liabilities constituting the business of Ancha Electronics, Inc., an Illinois
corporation, ("Ancha"), pursuant to an Acquisition Agreement, dated as of April
28, 1999, among Ancha, Robert F. Ancha and Bruce D. Gauger, as shareholders of
Ancha and the Company. Pursuant to the Acquisition Agreement, in exchange for
the aforementioned assets, the Company paid $2.5 million in cash (including a
$500,000 escrow deposit) to Ancha, issued $100,000 of Preferred Units in the
Company to Ancha and assumed $1.4 of indebtedness. The amount of consideration
paid to Ancha was reached through arm's-length negotiations and was funded from
the Company's credit facility with The Bank of New York, as agent for a
syndicate of banks. A copy of the Acquisition Agreement is attached as Exhibit
10.14.
Ancha, is based in Rolling Meadows, Illinois, with offices in locations
including Atlanta, Georgia, Tampa, Florida and Dallas, Texas. It provides
specialized audio, video, video presentation and media management systems and
related products. Ancha will continue its business and operations as part of the
Company's Audio Group.
Ancha is owned by Robert F. Ancha and Bruce D. Gauger.
Ancha's revenues for the fiscal year ended December 31, 1998 were
approximately $14.2 million.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(a) (b) Financial Statements of Businesses Acquired. Pro Forma Financial
Information
As of the date of this report, the financial statements and pro forma
financial information required by this item are not available. It is the
Company's intention that such financial statements and pro forma data will be
filed within 60 days of the due date of this report, as required under
applicable regulations of the Securities and Exchange Commission.
(c) Exhibits
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EXHIBIT INDEX
Exhibit No. Document Description
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10.14 Acquisition Agreement Among Production Resource Group, L.L.C., as
Buyer, Ancha Electronics, Inc., as Seller, and Robert F. Ancha and
Bruce D. Gauger, as Shareholders.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report on Form 8-K, to be signed on its behalf
by the undersigned hereunto duly authorized.
PRODUCTION RESOURCE GROUP, L.L.C.
(Registrant)
Date: May 13, 1999 By:/s/ Robert A. Manners
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Robert A. Manners
Senior Vice President & General Counsel
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