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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): March 30, 2000
GENICOM CORPORATION
(Exact name of registrant as specified in its charter)
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Delaware 0-14685 51-0271821
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
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14800 Conference Center Drive, 20151
Suite 400, Westfields
Chantilly, Virginia
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(Address of principal executive offices) (Zip Code)
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Registrant's telephone number, including area code: (703) 802-9200
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ITEM 5. OTHER EVENTS.
As disclosed on the Form 8-K filed on March 24, 2000, Genicom Corporation (the
"Company") has filed in the United States Bankruptcy Court for the District of
Delaware (the "Bankruptcy Court"), Case No. 00-1383, a voluntary petition for
relief under Chapter 11 of the United States Bankruptcy Code.
On March 30, 2000, the Bankruptcy Court approved a proposed procedure for the
solicitation of bids for the sale of the Company's assets. On that date, the
Court also approved a break up fee for Platinum Equity Holdings in the event
they were not the successful bidder for the assets and they elected to leave
their offer in place after April 7, 2000. The Platinum Equity Holdings offer, as
reflected on the term sheet attached to the Form 8-K filed on March 24, 2000,
has been withdrawn. Pursuant to the approved procedure, bids for all or a
portion of the Company's assets are due to be received by the company on April
24, 2000. In the event there are competitive bids, the debtor will hold an
auction among the bidders on May 1, 2000. The Court has set May 3,2000 as the
date on which it will consider confirmation of the sale(s) of assets. The
Company has filed a Motion for Order Authorizing Sale of All of its Assets Free
and Clear of All Liens, Claims and Encumbrances, Authorizing Payment To Secured
Creditors Holding Valid Prior Liens On Assets Sold, and Authorizing Assumption
and Assignment of Such Executory
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Contracts and Unexpired Leases As the Successful Bidder(s) May Elect to Acquire.
A Motion to Limit the Time for Objection until April 26, 2000 for the foregoing
motion has also been filed.
FORWARD LOOKING STATEMENTS.
The statements contained in this release that are not historical facts are
forward-looking statements. These forward-looking statements reflect the
Company's views with respect to future events and financial performance. Such
statements are subject to risks and uncertainties that could cause the Company's
actual results and financial position to differ materially from those projected
in the forward-looking statements. Risks associated with the Company's
forward-looking statements include, but are not limited to, continued losses
that could affect the Company's abilitity to maintain itself as a going concern,
the effect of economic conditions, the impact of competition, as well as those
other risks detailed, from time to time, in the Company's Securities and
Exchange Commission filings. Readers are cautioned not to place undue reliance
on these forward-looking statements, which speak only as of their dates. The
Company undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise.
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SIGNATURE
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.
GENICOM CORPORATION
/s/ Shaun Donnellan
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Date: April 19, 2000 By: Shaun Donnellan
-------------- President and Chief Executive Officer