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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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)
JUNE 22, 2001
GC COMPANIES, INC.
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(Exact name of registrant as specified in charter)
DELAWARE
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(State or Other Jurisdiction of Incorporation)
1-12360 04-3200876
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(Commission file number) (IRS employer identification number)
27 BOYLSTON STREET, CHESTNUT HILL, MA 02467
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(Address of principal executive offices) (Zip code)
(617) 232-8200
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(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS.
On June 22, 2001, GC Companies, Inc. (the "Company") filed a
Motion of Debtors and Debtors in Possession for an Order (A) Establishing
Bidding Procedures in Connection with the Solicitation of Higher or Better
Offers for the Acquisition of 100% of the Common Stock of Reorganized GC
Companies, Inc. by Chapter 11 Plan, and (B) Approving the Form and Manner of
Notice Thereof with the United States Bankruptcy Court for the District of
Delaware in Case Nos. 00-3897 through 00-3927 (EIK). The Motion requests
approval by the Bankruptcy Court of certain bidding procedures in connection
with the Company's reorganization, including the approval of certain expense
reimbursements and termination fees payable to Onex Corporation and Oaktree
Capital Management, LLC in certain circumstances.
The motion is attached hereto as Exhibit 99 and incorporated herein
in its entirety by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
Exhibit 99 -- Motion of Debtors and Debtors in Possession for
an Order (A) Establishing Bidding Procedures in
Connection with the Solicitation of Higher or
Better Offers for the Acquisition of 100% of the
Common Stock of Reorganized GC Companies, Inc. by
Chapter 11 Plan, and (B) Approving the Form and
Manner of Notice Thereof, dated June 22, 2001 with
exhibits thereto.
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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.
GC COMPANIES, INC.
Date: June 25, 2001 By: /s/ Philip J. Szabla
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Philip J. Szabla
Vice President and General Counsel
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EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
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99 Motion of Debtors and Debtors in
Possession for an Order (A) Establishing
Bidding Procedures in Connection with the
Solicitation of Higher or Better Offers
for the Acquisition of 100% of the Common
Stock of Reorganized GC Companies, Inc.
by Chapter 11 Plan, and (B) Approving the
Form and Manner of Notice Thereof, dated
June 22, 2001 with exhibits thereto.
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