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: JUNE 13, 2002 ACORN PRODUCTS, INC. (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) Delaware 0-22717 22-3265462 - --------------- ---------------------- ------------------- (STATE OR OTHER (COMMISSION FILE NO.) (IRS EMPLOYER JURISDICTION OF IDENTIFICATION NUMBER) INCORPORATION OR ORGANIZATION) 390 W. Nationwide Boulevard Columbus, Ohio 43215 (614) 222-4400 (ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER INCLUDING AREA CODE OF REGISTRANT'S PRINCIPAL EXECUTIVE OFFICES) None (FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT) ITEM 5. OTHER EVENTS. On June 17, 2002, Acorn Products, Inc. (the "Company") issued a press release announcing that it had entered into a revised Letter of Intent with entities representing a majority of the Company's shareholders that would lead to a refinancing of existing bank indebtedness and a strengthening of its balance sheet. The Company has signed a Commitment Letter with CapitalSource Finance, LLC to provide a five-year $45 million credit facility in connection with such refinancing. The full text of the revised Letter of Intent is attached in its entirety as Exhibit 10.1 to this Form 8-K and is incorporated herein by this reference. The press release is included as Exhibit 99.1 to this Form 8-K and is incorporated herein by this reference. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (c) EXHIBITS. Exhibit No. Description 10.1 Revised Letter of Intent, dated as of June 13, 2002, by and between Acorn Products, Inc. as issuer and TCW Special Credits and Oaktree Capital Management, LLC as purchasers. 99.1 Press Release, dated June 17, 2002, entitled "Acorn Products Announces Revised Letter of Intent for Financial Restructuring." 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. ACORN PRODUCTS, INC. Date: June 17, 2002 By: /s/ John G. Jacob ----------------------------------------- John G. Jacob, Vice President and Chief Financial Officer EXHIBIT INDEX ------------- Exhibit No. Description 10.1 Revised Letter of Intent, dated as of June 13, 2002, by and between Acorn Products, Inc. as issuer and TCW Special Credits and Oaktree Capital Management, LLC as purchasers. 99.1 Press Release, dated June 17, 2002, entitled "Acorn Products Announces Revised Letter of Intent for Financial Restructuring."