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) OCTOBER 10, 1997
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COMMISSION FILE NO. 1-8137
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AMERICAN PACIFIC CORPORATION
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(Exact name of Registration as specified in charter)
Delaware 59-649047
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification Number)
3770 Howard Hughes Parkway #300
Las Vegas, Nevada 89109
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (702) 735-2200
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ITEM 5. OTHER EVENTS
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On October 10, 1997, American Pacific Corporation (the "Company")
entered into an Asset Purchase Agreement (the "Agreement") with Kerr-McGee
Chemical Corporation ("Kerr-McGee"). The Agreement contemplates that the
Company will acquire certain process data, technical information, customer
lists, marketing contacts, and related expertise used by Kerr-McGee primarily in
the ammonium perchlorate ("AP") industry. The Agreement calls for a purchase
price of $39 million, and grants the Company the option to purchase limited AP
inventory of Kerr-McGee for additional consideration.
Closing of the transaction is subject to a number of conditions, including
the Company's securing of financing for 100 percent of the purchase price, and
to both parties filing premerger notifications with the Federal Trade Commission
and the Department of Justice under the Hart-Scott Rodino Antitrust Improvements
Act of 1976, with no adverse action following such notifications.
The Company also reported that it is cooperating with the pending
investigation of State and local agencies regarding trace amounts of
perchlorates in Lake Mead, which is located in the County in which Kerr-McGee
operations are conducted and in which the Company's AP operations were conducted
prior to May 1988.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
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(c) Exhibits. Press release dated October 10, 1997
SIGNATURES
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Pursuant to the requirements of the Securities and Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
AMERICAN PACIFIC CORPORATION
(Registrant)
Date: October 14, 1997 By: /s/ David N. Keys
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David N. Keys
Senior Vice President
Chief Financial Officer and Treasurer