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): December 8, 1995
WD-40 COMPANY
(Exact name of registrant as specified in its charter)
California 0-6936-3 95-1797918
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification Number)
1061 Cudahy Place
San Diego, California 92110
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (619) 275-1400
No changes to name or address.
(Former name or former address, if changed since last report)
ITEM 2. Acquisition or Disposition of Assets.
On December 8, 1995 the registrant acquired all of the worldwide 3-In-One
brand trademarks and other intangible assets relating to the sale of 3-In-One
brand lubricating oil products from Reckitt & Colman Inc., a Delaware
corporation, Reckitt & Colman (Overseas) Limited, an English corporation, and
other affiliates of Reckitt & Colman P.L.C., an English corporation, hereafter
referred to as the "Sellers".
The 3-In-One brand is also used by the Sellers in connection with the sale
of furniture maintenance and metal polish products in Mexico and certain South
and Central American countries. The Sellers have retained an exclusive, royalty-
free perpetual general license for use of the 3-In-One brand on the furniture
maintenance and metal polish products sold in existing markets.
The acquisition of assets includes inventory on hand together with
additional inventory to be produced by the Sellers over a period of sixty days.
No other physical property, plant or equipment was acquired.
The registrant paid cash in the amount of $15,000,000.00 for the trademarks
and other intangible assets and an estimated $950,000.00 for inventory. None of
the funds required for the acquisition were borrowed. The purchase price was
based primarily upon the historical sales of 3-In-One Oil products and the
expected return on equity to be provided by such sales.
-2-
ITEM 7. Financial Statements and Exhibits.
(a) Financial statements of businesses acquired.
The required financial statements are unavailable and will be filed on
an amendment to this Form 8-K on or before February 21, 1996.
(b) Pro forma financial information.
The required pro forma financial information is unavailable and will
be filed on an amendment to this Form 8-K on or before February 21, 1996.
(c) Exhibits.
None.
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.
WD-40 COMPANY
(Registrant)
Date: December 22, 1995 /s/ Gerald C. Schleif
---------------------------------------
GERALD C. SCHLEIF
President
(Principal Executive Officer)
-3-