UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Earliest Event Reported: December 22, 2005
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X-RITE, INCORPORATED
(Exact name of registrant as specified in its charter)
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Michigan 000-14800 38-1737300
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification no)
3100 44th Street S.W.
Grandville, Michigan 49418
(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code:
(616) 534-7663
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Check the appropriate box below if the Form 8-K is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions.
|_| Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 14e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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Item 1.02 Termination of a Material Definitive Agreement
On October 10, 2005, X-Rite, Incorporated (the "Company") entered into a
Purchase and Sale Agreement to sell its current corporate headquarters property
to American Investment Group, Ltd. (the "Buyer") for $14.5 million dollars. The
Buyer retained the right to terminate the agreement for a sixty-day period
commencing on that date while it attempted to secure zoning variances for the
property's intended future use. The Company informally extended this agreement
for three additional weeks to accommodate the zoning appeals process. During
this extension period, the buyer exercised its right to terminate the
transaction and formally notified the Company of this intent in a document that
was received at the Company's headquarters on December 22, 2005.
The Company will continue to market the property to other interested parties.
SIGNATURE
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 thereunto duly authorized officer.
Dated: December 29, 2005 X-RITE, INCORPORATED
By: /s/ Mary E. Chowning
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Mary E. Chowning
Chief Financial Officer