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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
June 14, 2001 333-64641
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Date of Report (Date of earliest (Commission File Number)
event reported)
PHILIPP BROTHERS CHEMICALS, INC.
(Exact name of registrant as specified in its charter)
New York 13-1840497
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(State or other jurisdiction (I.R.S. Employer Identification Number)
of incorporation)
One Parker Plaza
Fort Lee, New Jersey 07024
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(Address of Principal Executive Offices) (Zip Code)
(201) 944-6020
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(Registrant's telephone number, including area code)
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Item 5. Other Events and Regulation FD Disclosure.
On June 14, 2001, the Company's Phibro-Tech, Inc. subsidiary and Nufarm,
Inc. ("Nufarm") amended the agreement pursuant to which the Company's Agtrol
U.S. business was sold to Nufarm in order to reallocate to the U.S. business a
portion of the purchase price previously allocated to the Agtrol business
outside the U.S. As a result of the amendment, the sales price of the U.S.
Agtrol business is $16,684,000, of which $15,459,000 was paid in cash plus a
note for $1,225,000 payable on June 30, 2001. For further information with
respect to the original sale and amendment thereof, reference is made to the
United States Asset Purchase Agreement and Amendment No. 1 thereto, which are,
respectively, Exhibit 1 and Exhibit 2 hereto.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
Exhibit 1 United States Asset Purchase Agreement between Phibro-Tech,
Inc. and Nufarm, Inc. dated as of May 1, 2001 (Incorporated by
reference to Exhibit 10.37 to the Quarterly Report on Form
10-Q of the Registrant for the fiscal quarter ended March 31,
2001)
Exhibit 2 Amendment No. 1 to United States Asset Purchase Agreement
between Phibro-Tech, Inc. and Nufarm, Inc. dated as of June
14, 2001
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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.
PHILIPP BROTHERS CHEMICALS, INC.
By: /s/ Jack C. Bendheim
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Jack C. Bendheim
President
Dated: June 22, 2001
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EXHIBIT INDEX
Exhibit 1 United States Asset Purchase Agreement between Phibro-Tech,
Inc. and Nufarm, Inc. dated as of May 1, 2001 (Incorporated by
reference to Exhibit 10.37 to the Quarterly Report on Form
10-Q of the Registrant for the fiscal quarter ended March 31,
2001)
Exhibit 2 Amendment No. 1 to United States Asset Purchase Agreement
between Phibro-Tech, Inc. and Nufarm, Inc. dated as of June
14, 2001
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