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): January 14, 1999
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
On January 14, 1999, the Registrant completed a Secured Demand Loan
Facility with its majority shareholder and principal lender, Lockheed Martin
Corporation ("LMT"), pursuant to which LMT will provide funding to the
Registrant in addition to the $43 million credit capacity provided by LMT under
existing loan documents. This additional funding is intended to provide credit
to assist the Registrant in the nonbankruptcy shutdown of its operations under
the Shut-Down Plan approved by the Registrant's Board of Directors.
The Registrant has fully drawn down on the available credit from LMT
and, except for LMT's additional funding discussed above, does not anticipate
being able to obtain additional funding from other sources. The Registrant
believes it is highly unlikely that there will be any funds or assets available
for distribution to the holders of its preferred or common stock.
See the Press Release of Registrant attached hereto as Exhibit 99.1.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) EXHIBITS
--------
Exhibit No. Description of Exhibit
- ----------- ----------------------
99.1 Press Release dated January 15, 1999 issued by Registrant
99.2 Letter Agreement dated January 14, 1999 by and among the
Registrant, CalComp, Inc. and Lockheed Martin Corporation ("LMT")
(amendment to existing loan agreements between the parties)
99.3 Secured Demand Loan Facility dated as of January 14, 1999 among
the Registrant, CalComp, Inc., Topaz Technologies, Inc. and LMT
99.4 Security Agreement dated as of January 14, 1999 by the
Registrant, CalComp, Inc. and Topaz Technologies, Inc. for the
benefit of LMT
2
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: January 19, 1999 CALCOMP TECHNOLOGY, INC.
By: /s/ John J. Millerick
----------------------------------
John J. Millerick
Chief Financial Officer
3
EXHIBIT INDEX
Exhibit No. Description of Exhibit
- ----------- ----------------------
99.1 Press Release dated January 15, 1999 issued by Registrant
99.2 Letter Agreement dated January 14, 1999 by and among the
Registrant, CalComp, Inc. and Lockheed Martin Corporation ("LMT")
(amendment to existing loan agreements between the parties)
99.3 Secured Demand Loan Facility dated as of January 14, 1999 among
the Registrant, CalComp, Inc., Topaz Technologies, Inc. and LMT
99.4 Security Agreement dated as of January 14, 1999 by the
Registrant, CalComp, Inc. and Topaz Technologies, Inc. for the
benefit of LMT
4