-----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, GkNufOJhotssqY7UCEyaiAN1SYsBd1SuM+Su88PuoLPqyrZ9a86i+Fa+XyszTw79 HtiUQf5xfNsCs3qrWzKdHw== 0001047469-98-045459.txt : 19981231 0001047469-98-045459.hdr.sgml : 19981231 ACCESSION NUMBER: 0001047469-98-045459 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 19981215 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19981230 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AFFILIATED COMPUTER SERVICES INC CENTRAL INDEX KEY: 0000002135 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374] IRS NUMBER: 752559681 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-12665 FILM NUMBER: 98778061 BUSINESS ADDRESS: STREET 1: 2828 N HASKELL AVE STREET 2: PO BOX 219002 CITY: DALLAS STATE: TX ZIP: 75221 BUSINESS PHONE: 2148416111 MAIL ADDRESS: STREET 1: KEVIN KYSER STREET 2: 2828 N HASKELL CITY: DALLAS STATE: TX ZIP: 75221 FORMER COMPANY: FORMER CONFORMED NAME: ACS INVESTORS INC DATE OF NAME CHANGE: 19940603 8-K 1 FORM 8-K SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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): December 15, 1998 AFFILIATED COMPUTER SERVICES, INC. (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) DELAWARE 024787 51-0310342 --------------- ---------------- ------------------- (STATE OR OTHER (COMMISSION FILE (IRS EMPLOYER JURISDICTION OF NUMBER) IDENTIFICATION NO.) INCORPORATION) 2828 North Haskell Avenue Dallas, Texas 75221 ---------------------------------------------------- (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE) Registrant's telephone number, including area code: (214) 841-6111 ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS. On December 15, 1998, Affiliated Computer Services, Inc. ("ACS"), through its wholly-owned subsidiary ACS Acquisition Corporation, a Delaware corporation ("Purchaser"), completed the purchase of 8,704,238 shares of the common stock, par value $.10 per share (collectively, the "Shares"), of BRC Holdings, Inc., a Delaware corporation ("BRC"), pursuant to a tender offer by Purchaser to purchase 8,704,238 Shares at a purchase price of $19.00 per Share, net to the seller in cash, without interest, upon the terms and subject to the Tender Offer Statement on Schedule 14D-1 filed with the Securities and Exchange Commission on October 23, 1998 (as amended, the "Schedule 14D-1"), which, together with all amendments or supplements thereto, constituted the "Offer." The number of Shares purchased in the Offer represented approximately 63% of the issued and outstanding Shares at the time of purchase, or no less than 51% of all the Shares that could be outstanding if all options were exercised. The Purchaser purchased the Shares in connection with that certain Agreement and Plan of Merger, dated as of October 19, 1998 among ACS, the Purchaser and BRC (the "Merger Agreement"), pursuant to which the Purchaser will be merged with and into BRC as contemplated in the Merger Agreement (the "Merger"). The Merger Agreement was filed as Exhibit 10 to the Schedule 14D-1. The Offer and Merger together are referred to herein as the "BRC Transaction." The total amount of funds used by the Purchaser to acquire the Shares tendered in the Offer was approximately $165.4 million. The Purchaser obtained the funds to consummate the Offer through capital contributions and advances made by ACS. ACS funded its capital contributions or advances to the Purchaser through the use of a combination of (i) internally generated funds and (ii) borrowings under its existing bank credit facility, a $200 million Restated Credit Agreement dated June 30, 1996, among ACS, Wells Fargo Bank (Texas) N.A., as Agent, Bank One, Texas, N.A., as Co-Agent, and the other lenders that are parties thereto, as amended. BRC is based in Dallas, Texas and provides specialized information technology services primarily to local governments and healthcare institutions through three wholly owned subsidiaries: Business Records Corporation, Inc., BRC Health Care, Inc. and The Pace Group. BRC's products and services can be classified into three major categories: information systems and services, government records management and consulting services. The BRC Transaction is accounted for using the purchase method of accounting. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (a) FINANCIAL STATEMENTS OF BUSINESS ACQUIRED. In accordance with paragraph (a)(4) of Item 7 of Form 8-K, the historical financial statements required in connection with the BRC Transaction are not included in this initial report but will be filed not later than 60 days after the date hereof. 1 (b) PRO FORMA FINANCIAL INFORMATION In accordance with paragraph (b)(2) of Item 7 of Form 8-K, the pro forma financial information required in connection with the BRC Transaction are not included in this initial report but will be filed not later than 60 days after the date hereof. (c) EXHIBITS 2.1 Agreement and Plan of Merger, dated as of October 19, 1998, among Purchaser, ACS and BRC, incorporated herein by reference to Exhibit 10 to the Schedule 14D-1 filed by Purchaser and ACS on October 23, 1998. (Schedules to the Merger Agreement were omitted from the filing. The content of such Schedules is apparent from the references to them in the Merger Agreement. ACS and Purchaser commit to provide copies of the Schedules to the Securities and Exchange Commission upon request.) 99.1 Press release dated December 15, 1998. 99.2 Press release dated December 18, 1998. 2 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 thereunto duly authorized. Dated: December 30, 1998 AFFILIATED COMPUTER SERVICES, INC. By: /s/ Mark A. King ----------------------------------------- Mark A. King EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER 3 EX-99.1 2 EXHIBIT 99.1 EXHIBIT 99.1 ACS COMPLETES TENDER OFFER FOR SHARES OF BRC HOLDINGS DALLAS, TEXAS - December 15, 1998 - ACS (Affiliated Computer Services, Inc.; NYSE: ACS) today announced that it has completed its cash tender offer for 8,704,238 shares of the common stock of BRC Holdings, Inc. (NASDAQ: BRCP) at $19.00 net per share. The offered expired, as scheduled, at 12:00 midnight (New York City time) on Monday, December 14, 1998. As of the expiration of the offer, based on information provided from the Depository, approximately 9,671,066 shares, including approximately 1,338,763 shares tendered by guaranteed delivery, of BRC common stock had been tendered and not withdrawn. Of the 9,671,066 shares validly tendered and not withdrawn at such time, 8,704,238 shares were accepted for payment on a pro rata basis. As a result of the tender offer, ACS will own approximately 51% of the outstanding shares of common stock of BRC on a fully diluted basis, which is equal to approximately 63% of the actual outstanding shares. Subject to the terms of the merger agreement between ACS and BRC, shares of common stock of BRC not tendered will be converted into the right to receive $19.00 per share pursuant to a second-step merger. BRC will become a wholly-owned subsidiary of ACS, which is currently anticipated to be completed by early February 1999. ACS is based in Dallas, Texas, and has operations primarily in North America, as well as Central America, South America, Europe and the Middle East. ACS provides a full range of information technology services including technology outsourcing, business process outsourcing, electronic commerce, professional services and systems integration. The Company's Class A common stock trades on the New York Stock Exchange under the symbol "ACS." Visit ACS on the Internet at WWW.ACS-INC.COM. BRC Holdings Inc., based in Dallas, Texas, is an information technology services firm with 30 years experience providing consulting, project management, technical support and system services that enable its clients to achieve their strategic and operational objectives. BRC specializes in information technology outsourcing, consulting, information systems, and document management. For more information about BRC, visit the company's web site at WWW.BRCP.COM. 4 EX-99.2 3 EXHIBIT 99.2 EXHIBIT 99.2 ACS ANNOUNCES FINAL PRORATION FACTOR IN ITS TENDER OFFER FOR BRC HOLDINGS DALLAS, TEXAS - December 18, 1998 - ACS (NYSE: ACS) announced today that it has been advised by its depository, First City Transfer Company, that on a final basis 9,669,643 shares of common stock of BRC Holdings, Inc. (NASDAQ: BRCP) were validly tendered and not withdrawn on or prior to the 12:00 Midnight (New York City time), December 14, 1998, expiration date of ACS' $19.00 per share cash tender offer, resulting in a final proration factor of 90.0161257%. Upon the expiration of the offer, ACS accepted for payment 8,704,238 shares of common stock of BRC. This represents approximately 51% of the outstanding shares of common stock of BRC on a fully diluted basis, which is equal to approximately 63% of the actual outstanding shares. As previously announced, subject to the terms of the merger agreement between ACS and BRC, shares of common stock of BRC not tendered will be converted into the right to receive $19.00 per share pursuant to a second-step merger upon which BRC will become a wholly-owned subsidiary of ACS, which is currently anticipated to be completed by early February 1999. ACS is based in Dallas, Texas, and has operations primarily in North America, as well as Central America, South America, Europe and the Middle East. ACS provides a full range of information technology services including technology outsourcing, business process outsourcing, electronic commerce, professional services and systems integration. The Company's Class A common stock trades on the New York Stock Exchange under the symbol "ACS." Visit ACS on the Internet at WWW.ACS-INC.COM. BRC Holdings Inc., based in Dallas, Texas, is an information technology services firm with 30 years experience providing consulting, project management, technical support and system services that enable its clients to achieve their strategic and operational objectives. BRC specializes in information technology outsourcing, consulting, information systems, and document management. For more information about BRC, visit the company's web site at WWW.BRCP.COM. 5 -----END PRIVACY-ENHANCED MESSAGE-----