SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES ACT OF 1934
Date of Report (Date of earliest event reported) February 8, 2001
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AMCON DISTRIBUTING COMPANY
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(Exact name of registrant as specified in its charter)
DELAWARE 0-24708 47-0702918
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
10228 "L" Street, Omaha, NE 68127
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(Address of principal executive offices) (Zip Code)
(402) 331-3727
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(Registrant's telephone number, including area code)
Not Applicable
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(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS
On February 8, 2001, the Company entered into an agreement to purchase
substantially all of the distribution business and assets of Merchants
Wholesale, Inc. ("Merchants") located in Quincy, IL. In addition, the Company
has agreed to purchase the real estate, including a 206,000 square foot
building currently occupied by Merchants. The transaction is scheduled to
close in May 2001 pending regulatory approvals. The purchase price will be
based on assets held at the closing date and is estimated to be between $40
and $50 million. The transaction will be accounted for using the purchase
method of accounting. Merchants operates through eight states as a wholesale
distributor of consumers products in the Company's traditional business.
Merchant's distribution territory is within and contiguous to the Company's
current traditional business territory.
Funding for the Merchants acquisition will be provided through borrowings
under a revolving credit facility, which is in the process of being negotiated
to accommodate the additional business. Funding for the real estate and
building will be provided by a term loan from a bank, which is also being
negotiated.
On February 8, 2001, AMCON issued a press release announcing the agreement.
The press release is filed herewith as an exhibit and incorporated herein by
reference.
EXHIBIT NO. DESCRIPTION
99.1 Press release, dated February 8, 2001, issued
by AMCON Distributing Company
SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
AMCON DISTRIBUTING COMPANY
(Registrant)
Date: March 5, 2001 By : Michael D. James
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Name: Michael D. James
Title: Treasurer & Chief Financial
Officer
EXHIBIT INDEX
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Exhibit Description
99.1 Press release, dated February 8, 2001, issued by AMCON
Distributing Company and Food For Health Company, Inc.