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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
AMENDMENT NO. 1
TO CURRENT REPORT ON FORM 8-K
ON
FORM 8-K/A
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (Date of earliest event reported): FEBRUARY 19, 1998
EVI, INC.
(Exact name of registrant as specified in charter)
DELAWARE 1-13086 04-2515019
(State of Incorporation) (Commission File No.) (I.R.S. Employer
Identification No.)
5 POST OAK PARK, SUITE 1760,
HOUSTON, TEXAS 77027-3415
(Address of Principal Executive Offices) (Zip Code)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (713) 297-8400
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INTRODUCTORY NOTE
On March 3, 1998, EVI, Inc. (the "Company") filed a Current Report on
Form 8-K (the "Original Report") disclosing the acquisition (the "Ampscot
Acquisition") of Ampscot Equipment Ltd., an Alberta corporation ("Ampscot"),
under Item 2 of the Original Report. Since such filing, the Company has
determined that the acquisition of Ampscot did not constitute an acquisition of
a significant amount of assets as defined in the instructions to Item 2. As a
result of such determination, this Amendment No. 1 to the Original Report hereby
deletes Item 2 of the Original Report in its entirety, adds Item 5 and restates
Item 7 in its entirety.
ITEM 5. OTHER EVENTS.
AMPSCOT ACQUISITION
On February 19, 1998, EVI, Inc., a Delaware corporation (the
"Company"), completed the acquisition (the "Ampscot Acquisition") of Ampscot
Equipment Ltd., an Alberta corporation ("Ampscot"), pursuant to a Share Purchase
Agreement dated as of January 30, 1998 (the "Agreement"). Under the terms of the
Agreement, the Company acquired Ampscot in exchange for approximately $55
million in cash. The purchase price was determined through negotiations with the
shareholders of Nika Enterprises Ltd., the parent corporation of Ampscot.
The Company intends to continue to operate the business of Ampscot and
integrate Ampscot's operations with those of the Company's EVI Oil Tools
artificial lift and production tool division.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements of Business Acquired.
Not applicable.
(b) Pro Forma Financial Information.
Not applicable.
(c) Exhibits.
2.1 - Share Purchase Agreement made and entered into as of
January 30, 1998, by and among the shareholders of Nika
Enterprises Ltd., an Alberta corporation, listed on the
signature pages thereto and EVI Oil Tools Canada Ltd., an
Alberta corporation (incorporated by reference to Exhibit
No. 2.1 to Form 8-K, File 1-13086, filed March 3, 1998).
4.1 - Credit Agreement dated as of February 17, 1998, among EVI,
Inc., EVI Oil Tools Canada Ltd., the Subsidiary Guarantors
defined therein, Chase Bank of Texas, National
Association, as U.S. Administrative Agent, The Bank of
Nova Scotia, as Documentation Agent and Canadian Agent,
ABN AMRO Bank, N.V., as Syndication Agent, and the other
Lenders defined therein, including the form of Note
(incorporated by reference to Exhibit No. 4.1 to Form 8-K,
File 1-13086, filed March 3, 1998).
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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.
EVI, INC.
Dated: April 21, 1998 /s/ Frances R. Powell
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Frances R. Powell
Vice President, Accounting
and Controller
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INDEX TO EXHIBITS
EXHIBIT NO. DESCRIPTION
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2.1 - Share Purchase Agreement made and entered into as of
January 30, 1998, by and among the shareholders of Nika
Enterprises Ltd., an Alberta corporation, listed on the
signature pages thereto and EVI Oil Tools Canada Ltd., an
Alberta corporation (incorporated by reference to Exhibit
No. 2.1 to Form 8-K, File 1-13086, filed March 3, 1998).
4.1 - Credit Agreement dated as of February 17, 1998, among EVI,
Inc., EVI Oil Tools Canada Ltd., the Subsidiary Guarantors
defined therein, Chase Bank of Texas, National
Association, as U.S. Administrative Agent, The Bank of
Nova Scotia, as Documentation Agent and Canadian Agent,
ABN AMRO Bank, N.V., as Syndication Agent, and the other
Lenders defined therein, including the form of Note
(incorporated by reference to Exhibit No. 4.1 to Form 8-K,
File 1-13086, filed March 3, 1998).