SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_______________________
FORM 8-K
CURRENT REPORT
Pursuant To Sections 13 or 15(d) of the
Securities Exchange Act of 1934
October 7, 1999
Date of Report (Date of Earliest Event Reported)
Nu-kote Holding, Inc.
(Exact Name of Registrant as Specified in Charter)
Texas 0-20287 16-1296153
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
200 Beasley Dr.
Franklin, Tennessee 37064
(Address and Zip Code of Principal Executive Offices)
(615) 794-9000
(Registrant's Telephone Number, Including Area Code)
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
Nu-kote International, Inc., a wholly owned subsidiary of Nu-kote
Holding, Inc. ("Nu-kote"), has sold certain of its subsidiaries to Pelikan
Hardcopy Europe Limited ("Pelikan"), a Scottish company. The subsidiaries
sold include Pelikan Productions AG, Pelikan Scotland Limited, Grief-Werke
GmbH, Pelikan Hardcopy Asia Pacific Limited and Dongguan Pelikan Hardcopy
Limited (collectively, the "Companies"). Under the terms of the agreement,
Pelikan paid $16.5 million in cash at the close of the transaction in
exchange for all of the capital stock or other equity interests of the
Companies. Pelikan was formed by the management of the Companies for the
purpose of making the acquisition. Nu-kote will continue to sell products
under the Pelikan brand name in North America but not elsewhere. This
disposition is part of Nu-kote's efforts to dispose of non-essential assets
and focus on the restructuring of its core business in the United States.
The sale and the price paid for the Companies was approved by the U.S.
Bankruptcy Court for the Middle District of Tennessee.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS
(b) Pro Forma Financial Information.
The required pro forma financial information will be filed
by an amendment not later than 60 days after the date that
the initial report on Form 8-K must be filed.
(c) Exhibits.
*2.1 Sale and Purchase Agreement, dated as of April 24, 1999,
between Nu-kote International, Inc. and Pelikan
Hardcopy Europe Limited.
*2.2 Amendment No. 1 to Sale and Purchase Agreement,
effective as of September 30, 1999, between Nu-kote
International, Inc. and Pelikan Hardcopy Europe
Limited.
*99.1 Press Release.
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* filed herewith
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
Nu-kote Holding, Inc.
Dated: October 21, 1999 By: /S/ PHILLIP THEODORE
--------------------------------
Phillip Theodore,
Senior Vice President and
Chief Financial Officer
EXHIBIT INDEX
Exhibit No. Description
- ----------- -----------
*2.1 Sale and Purchase Agreement, dated as of April 24, 1999,
between Nu-kote International, Inc. and Pelikan Hardcopy
Europe Limited.
*2.2 Amendment No. 1 to Sale and Purchase Agreement,
effective as of September 30, 1999, between Nu-kote
International, Inc. and Pelikan Hardcopy Europe
Limited.
*99.1 Press Release.
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* filed herewith