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
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Date of Report (Date of Earliest Event Reported): September 25, 1998
CALCOMP TECHNOLOGY, INC.
(Exact Name of Registrant as Specified in Charter)
Delaware 0-16071 06-0888312
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
2411 West La Palma Avenue, Anaheim, CA 92801
(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, including Area Code: (714) 821-2000
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Item 5. Other Events
As previously disclosed in the Registrant's filings with the Securities and
Exchange Commission under the Securities and Exchange Act of 1934, Lockheed
Martin Corporation ("Lockheed Martin"), the majority stockholder of the
Registrant, makes credit available to the Registrant in the form of a Revolving
Credit Agreement and a Cash Management Agreement. The Registrant has fully
drawn down the $13 million of credit available under the Revolving Credit
Agreement. At the request of the Registrant, the Registrant and Lockheed Martin
have twice recently amended the Cash Management Agreement. The first amendment,
dated August 24, 1998, increased the aggregate amount that the Registrant may
borrow under that agreement from $2 million to $5.5 million. The second
amendment, dated September 25, 1998, increased the aggregate amount available to
the Registrant under the Cash Management Agreement from $5.5 million to $14
million. The other material terms of the Cash Management Agreement were not
affected by these amendments. Management of the Registrant anticipates that the
increased amount available to the Registrant will allow the Registrant to
continue to meet its near-term operating requirements pending Lockheed Martin's
ongoing review of the Registrant's business plan and the Registrant's
consideration and development of strategic alternatives. A copy of the Cash
Management Agreement as amended is attached hereto as Exhibit 99.1.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) EXHIBITS
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Exhibit No. Description of Exhibit
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99.1 Amendments Nos. 1-3 dated March 20, 1998, August 24, 1998 and
September 25, 1998, respectively, to Cash Management Agreement by
and between the Registrant and Lockheed Martin Corporation dated
as of July 23, 1996. (The Cash Management Agreement was filed as
Exhibit 10.3 to the Registrant's Form 10-Q for the quarterly
period ended September 29, 1996, and is incorporated herein by
reference.)
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of
1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Dated: October 1, 1998 CALCOMP TECHNOLOGY, INC.
By: /s/ JOHN J. MILLERICK
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John J. Millerick
Chief Financial Officer
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EXHIBIT INDEX
Exhibit No. Description of Exhibit
- ----------- ----------------------
99.1 Amendments Nos. 1-3 dated March 20, 1998, August 24, 1998 and
September 25, 1998, respectively, to Cash Management Agreement by
and between the Registrant and Lockheed Martin Corporation dated
as of July 23, 1996. (The Cash Management Agreement was filed as
Exhibit 10.3 to the Registrant's Form 10-Q for the quarterly
period ended September 29, 1996, and is incorporated herein by
reference.)
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