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): September 4, 1996
FIRST ALERT, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-23630 04-3157075
(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
organization)
3901 Liberty Street Road, Aurora, Illinois 60504-8122
(Address of principal executive offices)
Registrant's telephone number, including area code: (708) 851-7330
N/A
(Former name or former address, if changed since last report)
Exhibit Index located at Page 2
Items 1, 3 through 6 and 8 are not included because they are not applicable.
Item 2. Acquisition or Disposition of Assets.
On September 4, 1996, registrant's wholly-owned subsidiary, BRK Brands,
Inc. entered into Amendment No. 2 to Credit Agreement and Waiver (the "Second
Amendment"). The Second Amendment effected certain amendments and waivers to the
Credit Agreement among BRK Brands, Inc., The First National Bank of Chicago,
individually, as LC issuer and agent ("Agent") and the other lenders named
therein dated as of March 28, 1994, including an increase in the amount
available to be borrowed from $70,000,000 to $85,000,000. As part of the Second
Amendment, BRK Brands, Inc. granted a security interest to the Agent on behalf
of the lenders in all of its assets. In addition, registrant pledged the stock
of its two wholly-owned subsidiaries, BRK Brands, Inc. and THL-FA IP Corp., to
secure the obligations of registrant under a guaranty of the obligations of BRK
Brands, Inc. to the lenders under the Credit Agreement. Similarly, Electronica
BRK de Mexico, S.A. de C.V., a wholly owned subsidiary of BRK Brands, Inc.,
agreed to pledge all of its assets to secure repayment of advances under the
Credit Agreement.
Item 7. Financial Statements and Exhibits.
(a) Financial Statements - Not Applicable
(b) Pro Forma Financial Information - Not Applicable
(c) Exhibits (executed copies) - The following execution
copies of Exhibits to this Form 8-K are hereby filed:
Exhibit Exhibit Sequentially
Number Numbered
Page
2.1 Amendment No. 2 to Credit 5
Agreement and Waiver dated
as of September 3, 1996 by
and among BRK Brands,
Inc., The First National Bank
of Chicago, individually, as
LC Issuer and as agent, and
the other financial institutions
signatory thereto
In accordance with Item 601(b) (2) of Regulation S-K, the Schedules, Exhibits
and other documents referred to in the Second Amendment have not been filed as
part of the Exhibits to this Current Report on Form 8-K. The registrant agrees
to furnish supplementally a copy of such documents to the Commission upon
request.
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.
FIRST ALERT, INC.
/s/Michael Rohl
September 13, 1996 By: Michael Rohl
Vice President and
Chief Financial Officer