-----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, O/GDNl4fewGMO3QTLn320HJEhTF32Z5sx7fjSeqbhF/WNQGS9wkXslH74qZamfPn s0/Z4nYc2l5J3ADkrpME9A== 0001144204-06-054536.txt : 20061227 0001144204-06-054536.hdr.sgml : 20061227 20061227104245 ACCESSION NUMBER: 0001144204-06-054536 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20061222 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Completion of Acquisition or Disposition of Assets FILED AS OF DATE: 20061227 DATE AS OF CHANGE: 20061227 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ZOOM TECHNOLOGIES INC CENTRAL INDEX KEY: 0000822708 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE & TELEGRAPH APPARATUS [3661] IRS NUMBER: 510448969 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-18672 FILM NUMBER: 061299821 BUSINESS ADDRESS: STREET 1: 207 SOUTH ST CITY: BOSTON STATE: MA ZIP: 02111 BUSINESS PHONE: 6174231072 MAIL ADDRESS: STREET 1: 207 SOUTH ST CITY: BOSTON STATE: MA ZIP: 02111 FORMER COMPANY: FORMER CONFORMED NAME: ZOOM TELEPHONICS INC DATE OF NAME CHANGE: 19950622 8-K 1 v061293_8k.htm Unassociated Document
UNITED STATES
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) December 22, 2006

Zoom Technologies, Inc.
(Exact Name Of Registrant As Specified In Its Charter)

Delaware
(State or Other Jurisdiction of Incorporation)

0-18672
(Commission File Number)
51-0448969
(I.R.S. Employer Identification No.)
   
207 South Street, Boston, MA
(Address of Principal Executive Offices)
02111
(Zip Code)
     
(617) 423-1072
(Registrant’s Telephone Number, Including Area Code)

 
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


 
 
 

Item 1.01 Entry into a Material Definitive Agreement

On December 22, 2006, Zoom Telephonics, Inc., a wholly owned subsidiary of Zoom Technologies, Inc. (the "Company"), completed the sale of its headquarters buildings located at 207 South Street and 201 South Street, Boston MA 02111 to Essex River Ventures (the "Buyer"), pursuant to a Purchase and Sale Agreement dated August 31, 2006. The total purchase price was $8.0 million, less the associated brokerage commission of approximately $200,000 and other customary adjustments. In connection with the closing, the Company used approximately $3.6 million of the purchase price to pay off its outstanding mortgage on the building.

In connection with the sale of the buildings, the Company entered into a lease agreement with the Buyer pursuant to which the Company agreed to lease approximately 25,200 square feet of space in the sold buildings for a period of 2 years from the closing at an initial monthly rent of approximately $33,600.

Item 2.01 Completion of Acquisition or Disposition of Assets

The information contained in Item 1.01 of this Current Report on Form 8-K is incorporated by reference herein.

 
 
 

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 hereunto duly authorized.

Dated: December 29, 2006
 ZOOM TECHNOLOGIES, INC.
     
 
By:
/s/ Robert A. Crist   
   
Robert A. Crist, Chief Financial Officer
 
 
 
 -----END PRIVACY-ENHANCED MESSAGE-----