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 (Date of earliest event reported): May 18, 2001
DOCUPORT, INC.
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(Exact name of registrant as specified in its charter)
DELAWARE 000-28451 22-3649272
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(State or other jurisdiction (Commission (IRS Employer of
incorporation) File Number) Identification No.)
12 SPIELMAN ROAD, FAIRFIELD, NEW JERSEY 07004
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code.....973-882-3177
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(Former name or former address, if changed since last
report.)
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Item 5. Other Events and Regulation FD Disclosure
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DocuPort, Inc. (the "Registrant") has executed a Loan Agreement (the "Loan
Agreement") with Docuport (Jersey) Limited (the "lender"). Pursuant to the terms
of the Loan Agreement, the lender will provide financing to the Registrant in a
secured, restricted use credit facility which will be provided by way of a
letter of credit and periodic cash drawdowns less any deductions and expenses
with respect to the closing of the Loan.
Drawdowns on the credit facility are conditioned on submission of written
requests and the lender's approval of the use of the funds. In connection with
the credit facility, the Registrant granted the lender a security interest in
substantially all of its assets and the Registrant's controlling shareholders
entered into an agreement for the election of two members of the Board of
Directors designated by the lender as well as an agreed upon independent
Director. The lender also received warrants and a right of first negotiation
relating to the distributorship for the Registrant's products in continental
Europe.
Item 7. Exhibits
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(a) EXHIBITS
Set forth below is a list of the Exhibits applicable to this Current
Report on Form 8-K, numbered in accordance with Item 601 of Regulation S-K.
99.1 Press release dated as of the 22nd day of May, 2001 issued by DocuPort,
Inc.
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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.
Docuport, Inc.,
a Delaware Corporation
By: /s/ Norman Docteroff
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Norman Docteroff, President
Date: June 4, 2001
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