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UNITED STATES
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: OCTOBER 6, 1998
DATE OF EARLIEST EVENT REPORTED: SEPTEMBER 22, 1998
PRIMARK CORPORATION
(Exact name of registrant as specified in its charter)
1-8260
(Commission File Number)
MICHIGAN 38-2383282
(State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.)
1000 WINTER STREET, SUITE 4300N, WALTHAM, MA 02451
(Address of principal executive offices) (Zip Code)
781-466-6611
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS
On September 23, 1998, Primark Corporation completed the previously announced
sale of all of the outstanding common stock of its heavy aircraft maintenance
unit, the Triad International Maintenance Corporation (TIMCO), to Aviation Sales
Maintenance, Repair & Overhaul Company, a division of Aviation Sales Company
pursuant to a Stock Purchase Agreement dated August 10, 1998 for a cash purchase
price of $70 million. As a closing adjustment, Primark has contributed $8
million to TIMCO, which is the approximate amount of cash contributed by TIMCO
to Primark since July 1, 1998.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) FINANCIAL STATEMENTS OF BUSINESSES ACQUIRED
Financial statements are not required and therefore have not been filed with
this Form 8-K.
(b) PRO FORMA FINANCIAL INFORMATION
Pro forma financial information is not required and therefore has not been
filed with this Form 8-K.
(c) EXHIBITS
Exhibit
Number Description
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99.1 Stock Purchase Agreement between Primark Corporation and Aviation
Sales Maintenance, Repair & Overhaul Company, a division of
Aviation Sales Company dated as of August 10, 1998.
99.2 First Amendment to Stock Purchase Agreement dated September 22, 1998.
99.3 Press Release dated September 23, 1998.
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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 thereunto duly authorized.
PRIMARK CORPORATION
Date: October 6, 1998 By: /s/ STEPHEN H. CURRAN
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Stephen H. Curran
Executive Vice President and
Chief Financial Officer
(Principal Financial Officer)