-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, OPlPsMJes+D/2kMi9g8qPrXF/rBD6Amdo0+Sej6+ERNd9Yzz5D7HfJ1bbVANMnoV jAwLpD5/+mMGxAjltZU0eA== 0000912057-94-002692.txt : 19940822 0000912057-94-002692.hdr.sgml : 19940822 ACCESSION NUMBER: 0000912057-94-002692 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19940802 ITEM INFORMATION: Acquisition or disposition of assets ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19940815 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WACKENHUT CORP CENTRAL INDEX KEY: 0000104030 STANDARD INDUSTRIAL CLASSIFICATION: 7381 IRS NUMBER: 590857245 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05450 FILM NUMBER: 94544175 BUSINESS ADDRESS: STREET 1: 1500 SAN REMO AVE CITY: CORAL GABLES STATE: FL ZIP: 33146 BUSINESS PHONE: 3056665656 MAIL ADDRESS: STREET 1: 1500 SAN REMO AVENUE CITY: CORAL GABLES STATE: FL ZIP: 33146 8-K 1 FORM 8K 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) August 2, 1994 The Wackenhut Corporation (Exact name of registrant as specified in its charter) Florida 0-2514 59-0857245 (State or other jurisdiction (Commission File (IRS Employer of incorporation) Number) Identification No.) 1500 San Remo Avenue, Coral Gables, FL. 33146 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (305) 666-5656 Page 1 of 2 ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS On August 2, 1994, Wackenhut Corrections Corporation, a subsidiary of the Corporation ("the Subsidiary"), sold 1,900,000 (and an additional 285,000 if oversubscribed) shares of common stock at an offering price of $9.00 per share. The net proceeds from the offering, which amounted to approximately $15,903,000 not including the over-allotment, were used in part by the Subsidiary to retire indebtedness to the Corporation of approximately $9,644,000, and to repay bank debt of approximately $4,500,000 incurred to fund the payment of a special dividend to the Corporation. The remainder of the proceeds will be used by the Subsidiary for general corporate purposes, including working capital. Following the completion of this sale, the Corporation will own approximately 75.9% of the issued and outstanding shares of Common Stock of the Subsidiary (73.3% if the underwriters' over-allotment option is exercised in full). With proceeds from the retirement of debt from the Subsidiary and its revolving credit facility, the Corporation prepaid $12,500,000 of its Senior Notes due September 30, 2000, at a premium of approximately $1,344,000 on August 2, 1994. ITEM 7. FINANCIAL STATEMENTS AND PRO FORMA FINANCIAL INFORMATION Financial statements and pro forma financial information are not required since the transaction does not currently meet materiality requirements. SIGNATURES 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. THE WACKENHUT CORPORATION DATE: August 12, 1994 /s/ RICHARD C. DECOOK ---------------------- Richard C. DeCook Senior Vice President - Finance and Chief Financial Officer Page 2 of 2 -----END PRIVACY-ENHANCED MESSAGE-----