-----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, DZXJZjxkbwx3RHo9Eia1RuPsmDFWrfpHul5HZR8WUstwuvDMwQcZUFuZbkFeabAu lGl8e6mwej8xDH6IPoS1pA== 0000912057-02-004997.txt : 20020414 0000912057-02-004997.hdr.sgml : 20020414 ACCESSION NUMBER: 0000912057-02-004997 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020211 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020211 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN COIN MERCHANDISING INC CENTRAL INDEX KEY: 0000949112 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990] IRS NUMBER: 841093721 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14780 FILM NUMBER: 02535037 BUSINESS ADDRESS: STREET 1: 5660 CENTRAL AVE CITY: BOULDER STATE: CO ZIP: 80301 BUSINESS PHONE: 3034442559 MAIL ADDRESS: STREET 1: 4870 STERLING DRIVE CITY: BOULDER STATE: CO ZIP: 80306 8-K 1 a2070344z8-k.txt FORM 8-K 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): February 11, 2002 AMERICAN COIN MERCHANDISING, INC. (Exact name of registrant as Specified in Charter) DELAWARE (State or other jurisdiction of incorporation) 0-26580 84-1093721 (Commission File Number) (IRS Employer Identification No.) 5660 CENTRAL AVENUE BOULDER, COLORADO 80301 (Address of Principal Executive Offices and Zip Code) (303) 444-2559 (Registrant's telephone number, including area code) ---------------------- ITEM 5. OTHER EVENTS On February 11, 2002, American Coin Merchandising, Inc. ("American Coin") merged with Crane Mergerco, Inc., a wholly owned subsidiary of ACMI Holdings Inc. (formerly known as Mergerco Holdings, Inc.), pursuant to an Agreement and Plan of Merger dated as of September 9, 2001 (the "Merger"). The Merger was approved by American Coin's stockholders at a meeting held on February 5, 2002. Pursuant to the terms of the Merger, each outstanding share of American Coin's common stock was converted into the right to receive $8.50 in cash, without interest and American Coin's outstanding stock options were converted into the right to receive a cash payment equal to the value of such options. American Coin's common stock will be delisted from the Nasdaq SmallCap Stock Market. The Company's trust preferred securities will remain outstanding and will continue to trade on the American Stock Exchange. On February 11, 2002, American Coin issued a press release announcing the closing of the transaction, a copy of which is filed herewith as Exhibit 99.1 and is incorporated herein by reference. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. c) EXHIBITS 99.1 Press Release of American Coin Merchandising, Inc., dated February 11, 2002. 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. AMERICAN COIN MERCHANDISING, INC. Dated: February 11, 2002 By: /s/ W. John Cash ------------------------------- W. John Cash Senior Vice President, Chief Financial Officer and Treasurer INDEX TO EXHIBITS
EXHIBIT NUMBER DESCRIPTION - ------- ----------- 99.1 Press Release of American Coin Merchandising, Inc. Dated February 11, 2002.
EX-99.1 3 a2070344zex-99_1.txt EXHIBIT 99.1 [LOGO] EXHIBIT 99.1 NEWS FOR IMMEDIATE RELEASE: Monday, February 11, 2002 CONTACT: Randall Fagundo, CEO and President American Coin Merchandising, Inc. (303) 444-2559 John Cash, Senior Vice President/CFO American Coin Merchandising, Inc. (303) 444-2559 AMERICAN COIN MERCHANDISING ACQUIRED FOR $8.50 CASH PER SHARE BOULDER, CO--American Coin Merchandising, Inc., "ACMI," (NASDAQ: AMCN) announced today that it has been acquired by ACMI Holdings, Inc., a newly-formed corporation organized by two investment firms, Wellspring Capital Management LLC and Knightsbridge Holdings, LLC. The transaction was approved at a stockholders meeting held on February 5, 2002. Stockholders will receive $8.50 in cash for each outstanding share of the Company's common stock. The total value of the transaction is approximately $126 million. Randall J. Fagundo, President and Chief Executive Officer of American Coin said, "This transaction is an important step in the evolution of American Coin. Partnering with Wellspring will provide us with the resources and support that we need to build upon our leadership position in the amusement vending industry. The enthusiasm level is very high both within our company and our customer base." William F. Dawson, Jr. of Wellspring stated, "We are thrilled to close this transaction despite a challenging financing environment and are looking forward to working closely with Randy Fagundo and his team. This is a strong company that represents an excellent fit with Wellspring and its investment strategy." American Coin's common stock will no longer be traded on the Nasdaq SmallCap Stock Market. The Company's trust preferred securities will remain outstanding and will continue to trade on the American Stock Exchange under the symbol ACM-A. ABOUT AMERICAN COIN MERCHANDISING, INC. American Coin Merchandising, Inc., headquartered in Boulder, Colorado, and its franchisees own and operate more than 26,000 coin-operated amusement vending machines throughout the United States. Over 14,000 of these machines dispense plush toys, watches, jewelry, novelties and other items. The Company's distinctive amusement vending machines are placed in supermarkets, mass merchandisers, bowling centers, bingo halls, bars, restaurants, warehouse clubs and similar locations. ABOUT WELLSPRING Wellspring Capital Management LLC manages a private investment partnership focused on acquiring or investing in companies that are well positioned to capitalize on change. By contributing innovative operating strategies, financial expertise and capital, Wellspring has demonstrated the ability to create substantial value for its investors. The partnership's capital is provided by investors who are among the largest and most respected public and private pension funds, corporations and financial institutions in the U.S. and Canada, as well as from the principals of Wellspring. ABOUT KNIGHTSBRIDGE Knightsbridge Holdings, LLC is a private investment firm specializing in leveraged acquisitions and private equity investments. FORWARD LOOKING STATEMENTS This news release contains forward-looking statements that involve risks and uncertainties. Future events may differ materially from those discussed herein, due to a number of factors, including uncertainties related to the Company's performance, and growth and management of growth and the effects of the merger. Additional factors that may impact the matters discussed herein are more fully discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2000, under the headings "Risk Factors-Shoppe Performance," "Risk Factors-Growth and Management of Growth," and "Risk Factors-Trade Relations and Dependence on Major Accounts." In addition, the Company's results could also be affected by a number of other risks and uncertainties which are more fully discussed under the headings "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's Annual Report on Form 10-K for the year ended December 31, 2000.
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