-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, UPK3cVSIq3AvH2Kh/cjjl5FBGUQ+LuzReM5UVvmcyRJvgt13pZDiBqpUfyDtlKVe KIS9DAwQhY16eXnMyW+EoA== 0000950144-98-007681.txt : 19980624 0000950144-98-007681.hdr.sgml : 19980624 ACCESSION NUMBER: 0000950144-98-007681 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19980608 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19980623 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: JLM INDUSTRIES INC CENTRAL INDEX KEY: 0001038237 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-CHEMICALS & ALLIED PRODUCTS [5160] IRS NUMBER: 061163710 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-22687 FILM NUMBER: 98652662 BUSINESS ADDRESS: STREET 1: 8675 HIDDEN RIVER PKWY CITY: TAMPA STATE: FL ZIP: 33637 BUSINESS PHONE: 8136323300 MAIL ADDRESS: STREET 1: 8675 HIDDEN RIVER PARKWAY CITY: TAMPA STATE: FL ZIP: 33637 8-K 1 JLM INDUSTRIES, INC. 1 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): June 8, 1998 JLM INDUSTRIES, INC. - -------------------------------------------------------------------------------- (Exact Name of Registrant as Specified in its Charter) Delaware 0-22687 06-1163710 - -------------------------------------------------------------------------------- (State or Other (Commission (I.R.S. Employer Jurisdiction) File Number) Identification No.) 8675 Hidden River Parkway, Tampa, FL. 33637 - -------------------------------------------------------------------------------- (Address of Principal Executive Office) (Zip Code) (813) 632-3300 - -------------------------------------------------------------------------------- (Registrant's telephone number, including area code) 2 Item 2. Acquisition or Disposition of Assets On June 8, 1998, JLM International, Inc, a wholly owned subsidiary of JLM Industries, Inc. ("JLM" or the "Company"), entered into a Stock Purchase Agreement (the "Agreement") with Mr. Jesus Herboso, a Spanish Citizen, whereby, JLM will purchase 5,001shares, or 50.1%, of the outstanding common stock of Inquinosa International, S.A. ("Inquinosa"), a Spanish company. Inquinosa is headquartered in Madrid, Spain and has exclusive marketing rights to all lindane produced at Oltchim S.A.'s, a Romanian chemical company, manufacturing facility that is marketed outside of Romania. Lindane is a preferred seed-treating pesticide that prevents insect damage during the critical pre-germination stage for wheat, other grains and canola. Under terms of a separate distribution agreement with Inquinosa, JLM will have exclusive rights to market the pesticide Lindane in the United States and Canada. The purchase price for the majority shares of Inquinosa from Mr. Herbosa by JLM will be approximately $1.8 million, subject to adjustment, to be funded through a four-year earn-out period as defined in the Agreement. The continued sale of Lindane in the United States is dependent upon the maintainence of a registration with the United States Environmental Protection Agency ("EPA"). Inquinosa will fund the research required by the EPA to keep the registration effective. Inquinosa will fund this research through its membership in Central International D'Etudes du Lindane ("CIEL"). CIEL is a not-for-profit organization that certifies the testing of lindane that is mandated by the EPA and other worldwide governmental organizations. Currently, Inquinosa is the only company that has agreed to fund the EPA-mandated testing conducted by CIEL. Item 7. Financial Statements and Exhibits. 1. Financial statements and exhibits filed herewith: None. 2 3 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. JLM INDUSTRIES, INC. Dated: June 23, 1998 By: /s/ John L. Macdonald ------------------------------------- John L. Macdonald President and Chief Executive Officer 3 -----END PRIVACY-ENHANCED MESSAGE-----