-----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, T4/uIwbWjY2+jWrW/UilZC4OefR3Gq8AHp82jLEX+PLw/+jLT4g6m4NwZAQ69n8j h4UDy2v2KlRk0pIRUeH5aQ== 0000893220-99-001076.txt : 19990916 0000893220-99-001076.hdr.sgml : 19990916 ACCESSION NUMBER: 0000893220-99-001076 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19990731 ITEM INFORMATION: FILED AS OF DATE: 19990915 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EPL TECHNOLOGIES INC CENTRAL INDEX KEY: 0000945269 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS CHEMICAL PRODUCTS [2890] IRS NUMBER: 840990658 STATE OF INCORPORATION: CO FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-28444 FILM NUMBER: 99711964 BUSINESS ADDRESS: STREET 1: 2 INTERNATIONAL PLZ STREET 2: STE 245 CITY: PHILADELPHIA STATE: PA ZIP: 19113-1507 BUSINESS PHONE: 6105214400 MAIL ADDRESS: STREET 1: 2 INTERNATIONAL PLZ STREET 2: STE 245 CITY: PHILADELPHIA STATE: PA ZIP: 19113 8-K 1 EPL TECHNOLOGIES, INC. FORM 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 Date of Report (Date of earliest event reported): July 31, 1999 ------------- EPL Technologies, Inc. ------------------------------------------------------ (Exact name of registrant as specified in its charter) Colorado 000-28444 84-0990658 - ---------------------------- ------------ ------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 2 International Plaza, Suite 245, Philadelphia, PA 19113 -------------------------------------------------- ---------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (610) 521-4400 ---------------- Not Applicable ------------------------------------------------------------- (Former name or former address, if changed since last report) 2 ITEM 5. OTHER EVENTS. On September 13, 1999, the Registrant's Common Stock began trading on the Nasdaq SmallCap Market. The Registrant's Common Stock had previously traded on the Nasdaq National Market. In connection with the transfer of the listing of the Registrant's Common Stock to the Nasdaq SmallCap Market, the Nasdaq Stock Market requested that the Registrant file with the Securities and Exchange Commission and the Nasdaq Stock Market the following balance sheet as of July 31, 1999, reflecting certain pro forma adjustments for significant events and transactions occurring since July 31, 1999. 2 3 EPL TECHNOLOGIES, INC. PRO FORMA BALANCE SHEET AS AT JULY 31, 1999
$ $ $ July 31 Adjustments Pro forma ---------- ----------- ---------- Cash and cash equivalents $4,429,910 $4,429,910 Accounts receivable, net 5,792,420 5,792,420 Inventories 4,416,216 4,416,216 Prepaid assets and other current assets 2,582,615 2,582,615 ------------ ------------ ------------ 17,221,161 0 17,221,161 Property and equipment, net 7,838,911 7,838,911 Other assets Patent and distribution rights 842,939 842,939 Goodwill 2,660,129 2,660,129 Other intangibles, net 160,663 160,663 Other non current assets 61,236 61,236 ------------ ------------ ------------ 3,724,967 0 3,724,967 ------------ ------------ ------------ Total assets $28,785,039 $0 $28,785,039 ============ ============ ============ Current liabilities Accounts payable $8,526,278 8,526,278 Accrued expenses 1,975,417 1,975,417 Other liabilities 72,397 72,397 Notes payable 1,580,278 1,580,278 Current portion of long term debt 468,376 468,376 ------------ ------------ ------------ 12,622,746 0 12,622,746 Long term debt 2,949,746 2,949,746 Deferred profit on sale of property 2,265,000 2,265,000 Deferred income taxes 75,284 75,284 ------------ ------------ ------------ Total liabilities 17,912,776 0 17,912,776 Convertible Series D Preferred Stock 11,486,890 (11,486,890) 0 Convertible Series A Preferred Stock 60,000 60,000 Series D Preferred Stock 11,486,890 11,486,890 Common Stock 11,930 11,930 Additional Paid-in Capital 40,089,114 40,089,114 Accumulated Deficit (41,245,473) (41,245,473) Foreign currency translation adjustment 469,802 469,802 ------------ ------------ ------------ Total shareholders' equity (614,627) 11,486,890 10,872,263 ------------ ------------ ------------ Total liabilities and shareholders' equity $28,785,039 $0 $28,785,039 ============ ============ ============
The pro forma adjustments reflect the transfer of the Series D Preferred Stock from a long-term obligation to shareholders' equity pursuant to amendments to certain rights, preferences and redemption provisions relating to the Series D Preferred Stock. 3 4 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. EPL TECHNOLOGIES, INC. Date: September 14, 1999 By: /s/ Paul L. Devine --------------------------- Paul L. Devine Chairman and President 4 -----END PRIVACY-ENHANCED MESSAGE-----