-----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, QYEAyF/7O0ERTpK+xNnbrE+MeJgzxxxykTwfo2VZAtapXWajISuT7/XJojVq3nFc OszuFPL6zrjzs+NWxhvuDA== 0000912057-00-024820.txt : 20000516 0000912057-00-024820.hdr.sgml : 20000516 ACCESSION NUMBER: 0000912057-00-024820 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20000107 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20000515 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TRC COMPANIES INC /DE/ CENTRAL INDEX KEY: 0000103096 STANDARD INDUSTRIAL CLASSIFICATION: HAZARDOUS WASTE MANAGEMENT [4955] IRS NUMBER: 060853807 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-09947 FILM NUMBER: 635315 BUSINESS ADDRESS: STREET 1: 5 WATERSIDE CROSSING CITY: WINDSOR STATE: CT ZIP: 06095 BUSINESS PHONE: 2032898631 FORMER COMPANY: FORMER CONFORMED NAME: VAST INC /DE/ DATE OF NAME CHANGE: 19761201 8-K 1 8-K 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) January 7, 2000 TRC COMPANIES, INC. (Exact name of registrant as specified in its charter) Delaware 1-9947 06-0853807 - ------------------------------- ---------------- ---------------------------- (State or other jurisdiction of (Commission File (IRS Employer Identification incorporation) Number) Number) 5 Waterside Crossing Windsor, Connecticut 06095 - ---------------------------------------- ---------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (860) 289-8631 ITEM 2. ACQUISITION OF ASSETS On January 7, 2000, the Company completed the acquisition of Hunter Associates Texas, Ltd., a civil engineering firm headquartered in Dallas, Texas. The purchase was effective January 1, 2000 and included Hunter's contracts, work in progress and equipment. The sellers included the stockholders of Hunter's general partner and the limited partners of the limited partnership. The purchase price of approximately $3.4 million consisted of a combination of cash, 25,000 shares of the Company's common stock, a 5-year warrant to purchase 20,000 shares of the Company's common stock exercisable at $7.81 per share and a holdback of approximately $.3 million. The Company could make additional payments based upon revenue objectives in each of the years in the three-year period ending December 31, 2002. The acquisition has been accounted for using the purchase method of accounting. The cost of the acquisition in excess of the fair value of the net assets acquired was approximately $1.7 million (before contingent consideration), which is being amortized over 30 years on a straight-line basis. The Company funded the cash portion of the purchase price through its existing revolving credit facility. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS (a) and (b) Financial Statements of Business Acquired and Pro Forma Financial Information These financial statements and pro forma financial information are in process of being prepared and will be filed as an amendment to this report as soon as practicable, but not later than July 14, 2000. (c) Exhibits - none 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 thereunto duly authorized. TRC COMPANIES, INC. May 15, 2000 by: /s/ Harold C. Elston, Jr. -------------------------- Harold C. Elston, Jr. Senior Vice President and Chief Financial Officer (Chief Accounting Officer) -----END PRIVACY-ENHANCED MESSAGE-----