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 16, 1998
The DeWolfe Companies, Inc.
(Exact name of registrant as specified in its charter)
Massachusetts 0-24288 04-2895334
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
80 Hayden Avenue, Lexington, Massachusetts 02173
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (781) 863-5858
Item 2. Acquisition or Disposition of Assets.
On January 16, 1998, The DeWolfe Company, Inc. ("DeWolfe"), a wholly-owned
subsidiary of the Registrant, acquired all of the outstanding shares of capital
stock of Dollar Dry Dock Real Estate, Inc. located in Avon, Connecticut, for a
purchase price of $4,000,000 in cash. DeWolfe also entered into employment and
non-competition agreements with the former owner of the acquired company. The
Registrant financed the acquisition through an increase in its credit facility
with BankBoston, N.A. Dollar Dry Dock Real Estate, Inc., and its subsidiary The
Heritage Group, Inc. are engaged in the residential real estate brokerage
business. The Registrant intends to continue such business either through such
companies or through a merger of such companies with the Registrant's subsidiary
Hillshire House, Incorporated d/b/a DeWolfe New England.
No material relationship exists between either Dollar Dry Dock Real
Estate, Inc. or its wholly-owned subsidiary, The Heritage Group, Inc. and the
Registrant or any of its officers, directors or affiliates, except as described
herein.
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Item 7. Financial Statements and Exhibits.
(a) not applicable
(b) not applicable
(c) Exhibits.
2.1 Stock Purchase Agreement dated December 8, 1997 among
The DeWolfe Companies, Inc., The DeWolfe Company, Inc.,
Dollar Dry Dock Real Estate, Inc., The Heritage Group,
Inc. and Steven C. Bailey.
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SIGNATURES
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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.
THE DEWOLFE COMPANIES, INC.
---------------------------
(Registrant)
Date: January 30, 1998 By /s/ James A. Marcotte
-------------------------------------
James A. Marcotte, Senior Vice
President and Chief Financial Officer
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THE DEWOLFE COMPANIES, INC.
FORM 8-K
EXHIBIT INDEX
Item Description
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2.1 Stock Purchase Agreement dated December 8, 1997 among The DeWolfe
Companies, Inc., The DeWolfe Company, Inc., Dollar Dry Dock Real
Estate, Inc., The Heritage Group, Inc. and Steven C. Bailey.
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