Page 1 of 3 Pages 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 (Date of earliest event reported): March 22, 1994 ADIA SERVICES, INC. - -------------------------------------------------------------------------------- (Exact name of Registrant as specified in its Charter) DELAWARE - -------------------------------------------------------------------------------- (State or other jurisdication of incorporation) 0-13195 94-2933186 - -------------------------------------- -------------------------------------- (Commission file Number) (IRS Employer Identification No.) Registrant's Telephone number, including Area Code: (415) 324-0696 Not Applicable - -------------------------------------------------------------------------------- (Former name or former address if changed since last report) 1 Page 2 of 3 Pages Item 5. Other Events ------------ On March 22, 1994, the Registrant received a merger proposal from Adia S.A. ("ASA"), whereby ASA would acquire all the outstanding common shares of the Registrant which it does not currently own. ASA owns, through its wholly-owned subsidiary, Adia Holdings Incorporated ("AHI"), 4,632,348 shares of the Registrant's common stock and 5,600,000 shares (100%) of the Registrant's Class B common stock, which together represent 81.4% of the Registrant's outstanding shares. Based upon the higher voting power of the Class B common stock, ASA controls 96.3% of the votes. In the proposed merger, eight shares of common stock of the Registrant would be exchanged for one share of ASA stock and $112.00 in cash. The Registrant's special committee of outside Directors is presently reviewing the merger proposal. ASA will submit the necessary increase in its authorized stock to its shareholders for approval at ASA's Annual Meeting on April 21, 1994 in Lausanne, Switzerland. 2 Page 3 of 3 Pages 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. ADIA SERVICES, INC. By: /s/ JON H. ROWBERRY --------------------------------- Jon H. Rowberry Senior Vice President, Chief Financial Officer and Director Dated: March 29, 1994 3