-----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, O5rWAxU7pjXc4sVobi5v8Wr5Sg8vLQZT/kAEVSabC07hGMqhvQAKJWsRqtkuExNo WJmMUptMRhaCrRNwlyDbtw== 0000906280-96-000092.txt : 19960927 0000906280-96-000092.hdr.sgml : 19960927 ACCESSION NUMBER: 0000906280-96-000092 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19960925 ITEM INFORMATION: Other events FILED AS OF DATE: 19960926 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN OILFIELD DIVERS INC CENTRAL INDEX KEY: 0000906520 STANDARD INDUSTRIAL CLASSIFICATION: OIL, GAS FIELD SERVICES, NBC [1389] IRS NUMBER: 720918249 STATE OF INCORPORATION: LA FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-22032 FILM NUMBER: 96635292 BUSINESS ADDRESS: STREET 1: 130 E KALISTE SALOOM RD CITY: LAFAYETTE STATE: LA ZIP: 70508 BUSINESS PHONE: 3182344590 MAIL ADDRESS: STREET 1: 130 E KALISTE SALOOM ROAD CITY: LAFAYETTE STATE: LA ZIP: 70508 8-K 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 September 25, 1996 Date of Report (Date of earliest event reported) AMERICAN OILFIELD DIVERS, INC. (Exact name of Registrant as specified in its charter) LOUISIANA 0-22032 72-0918249 (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification Number) 130 East Kaliste Saloom Road Lafayette, Louisiana 70508 (Address of principal executive offices) (Zip Code) (318) 234-4590 (Registrant's telephone number, including area code) Not Applicable (Former name or former address, if changed since last report) Item 5. Other Events. On September 25, 1996, American Oilfield Divers, Inc. ("Registrant") announced the mailing of an offer by AOD Acquisition Corp., a wholly-owned subsidiary of the Registrant, to purchase for cash all of the outstanding common shares of Hard Suits, Inc., a Canadian company. Item 7. Financial Statements and Exhibits. (a) No financial statements are filed with this report. (b) Exhibits. 99.1 Press release issued by the Registrant on September 25, 1996 announcing that a subsidiary of the Registrant mailed an offer to purchase for cash all of the outstanding common shares of Hard Suits Inc. 99.2 Tender Offer Statement on Schedule 14D-1F dated September 25, 1996 filed by AOD Acquisition Corp. with respect to the Common Shares of Hard Suits Inc., incorporated herein by reference thereto. 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. By: /s/ Cathy M. Green ______________________________ Cathy M. Green Vice President - Finance and Chief Financial Officer Dated: September 26, 1996 EX-99 2 EXHIBIT 99.1 (BW) (AMERICAN-OILFIELD-DIVERS) (DIVE) American Oilfield Divers makes announcement Business Editors LAFAYETTE, La.--(BUSINESS WIRE)--Sept. 25, 1996--American Oilfield Divers, Inc. ("AOD") (NASDAQ:DIVE) today announced the mailing of an offer (the "Offer") by AOD Acquisition Corp., a wholly-owned subsidiary, to purchase for cash all of the outstanding Common Shares of Hard Suits Inc. ("Hard Suits") at a price of $1.50 Canadian per Common Share, for a total purchase price of approximately Canadian $15 million (approximately U.S. $10.9 million). Hard Suits manufactures the NEWTSUIT(R), a one atmosphere diving suit, and other subsea robotic products. The Offer expires at 12:01 a.m. (local time) on Oct. 17, 1996, unless extended or withdrawn. AOD will satisfy the Offer's cash requirements from available working capital and from funds to be advanced under AOD's bank line of credit in a principal amount equivalent to $19 million Canadian. "It is our intent to continue Hard Suits operations as an independent business based in Vancouver due to the potential of its product lines and the synergies which exist with our existing businesses" said George Yax, President and CEO of AOD. "It will also allow the existing shareholders of Hard Suits to realize a premium to the current market price of the Common Shares." The Offer is conditional upon, among other things, there being validly deposited under the Offer and not withdrawn such number of Common Shares as is required in order for AOD, together with its affiliates, to own at least 50.1% of the voting rights attaching to all of the Common Shares and Class "A" Performance Shares of Hard Suits outstanding upon completion of the Offer (calculated on a fully-diluted basis) and upon the Hard Suits' Board of Directors being reconstituted to reflect AOD's majority shareholding. The complete text of the conditions to the Offer is contained in the takeover bid circular dated Sept. 25, 1996. AOD is a leading provider of diving services, subsea products, marine construction and engineering and environmental services to the offshore oil and gas industry, primarily in the U.S. Gulf of Mexico, U.S. West Coast, internationally and to the U.S. inland market. AOD's current technology allows operations up to 800 feet. The acquisition of Hard Suits will immediately allow operations to expand to the 1200 foot level with the capability of deeper water expansion in the next twelve months. The acquisition of Hard Suits represents AOD's entree into deep water markets through advanced technology. --30--DR/na* CONTACT: American Oilfield Divers, Inc. Greg Rosenstein or Cathy Green, 318/234-4590 -----END PRIVACY-ENHANCED MESSAGE-----