-----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, AJkSf7XcBZlC5PX22iU73huhNznz8ipjmFtmIrqZmDtch4hIivs8/bkbHyV9UQ8X l4k8J8O8Jpj/bD0ny/6/GQ== 0000898430-01-501460.txt : 20010727 0000898430-01-501460.hdr.sgml : 20010727 ACCESSION NUMBER: 0000898430-01-501460 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20010717 ITEM INFORMATION: FILED AS OF DATE: 20010726 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EASYRIDERS INC CENTRAL INDEX KEY: 0001065253 STANDARD INDUSTRIAL CLASSIFICATION: PERIODICALS: PUBLISHING OR PUBLISHING AND PRINTING [2721] IRS NUMBER: 330811505 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-14509 FILM NUMBER: 1689623 BUSINESS ADDRESS: STREET 1: 28210 DOROTHY DRIVE STREET 2: STE 400 CITY: AGOURA HILLS STATE: CA ZIP: 91301 BUSINESS PHONE: 8188898740 MAIL ADDRESS: STREET 1: 28210 DOROTHY DRIVE STREET 2: STE 400 CITY: AGOURA HILLS STATE: CA ZIP: 91301 8-K 1 d8k.txt FORM 8-K ====================================================================== SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ---------- FORM 8-K PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 July 17, 2001 (Date of earliest event reported) ---------- EASYRIDERS, INC. (Exact name of registrant as specified in its charter)
Delaware 001-14509 33-0811505 -------- --------- ---------- (State or other jurisdiction of (Primary Standard Industrial (I.R.S. Employer incorporation or Classification Code Number) Identification No.) organization)
28210 Dorothy Drive Agoura Hills, California 91301 (818) 889-8740 (Address, including zip code, and telephone number, including area code, of registrant's principal executive offices) J. Robert Fabregas, Chief Executive Officer and Chief Financial Officer Easyriders, Inc. 28210 Dorothy Drive Agoura Hills, California 91301 (818) 889-8740, ext. 548 (Name, address, including zip code, and telephone number, including area code, of agent for service) Item 3. Bankruptcy or Receivership. -------------------------- On July 17, 2001, Easyriders, Inc., and its principal operating subsidiary, Paisano Publications, Inc. (collectively "Easyriders"), filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Central District of California, San Fernando Valley Division. The bankruptcy court filings were prompted primarily by various repayment demands and other disputes that Easyriders was having with its primary secured lender, Nomura Holding America Inc. ("Nomura"), including Nomura's unwillingness to extend the September 23, 2001 maturity date of its secured loan in the principal amount of approximately $21 million. Notwithstanding these disputes, the parties entered into a cash collateral stipulation prior to Easyriders' bankruptcy filings which will enable Easyriders to continue to operate in the ordinary course of business and pay all necessary operating expenses. Concurrently with such filings, Easyriders filed a motion seeking emergency Bankruptcy Court approval of its cash collateral stipulation with Nomura. The Bankruptcy Court held a hearing on July 20, 2001 at which the Bankruptcy Court approved the cash collateral stipulation between Easyriders and Nomura. No change in management or control of Easyriders has occurred, and the companies' operations have continued uninterrupted. Easyriders hopes to emerge from their Chapter 11 proceedings with a comprehensive restructuring of all of their debt. With Nomura's consent, Easyriders has engaged the Westlake Village-based investment banking firm of Murphy Noel Capital to provide financial advisory services to them. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report on Form 8-K to be signed on its behalf by the undersigned, hereunto duly authorized. EASYRIDERS, INC. By: /s/ J. Robert Fabregas ---------------------- Name: J. Robert Fabregas Title: Chief Executive Officer and Chief Financial Officer 2 -----END PRIVACY-ENHANCED MESSAGE-----