0000930413-01-501266.txt : 20011009 0000930413-01-501266.hdr.sgml : 20011009 ACCESSION NUMBER: 0000930413-01-501266 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010928 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20010928 FILER: COMPANY DATA: COMPANY CONFORMED NAME: U S AGGREGATES INC CENTRAL INDEX KEY: 0001054422 STANDARD INDUSTRIAL CLASSIFICATION: MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400] IRS NUMBER: 570990958 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-15217 FILM NUMBER: 1748413 BUSINESS ADDRESS: STREET 1: 400 SOUTH EL CAMINO REAL, SUITE 500 CITY: SAN MATEO STATE: CA ZIP: 94402 BUSINESS PHONE: 6506854880 8-K 1 c21968_8k.txt CURRENT REPORT SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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) September 28, 2001 ------------------ U.S. AGGREGATES, INC. -------------------------------------------------------------------------------- (Exact Name of Registrant as Specified in Its Charter) Delaware 000-15217 57-0990958 ---------------------------- ------------------------ --------------------- (State or Other Jurisdiction (Commission File Number) (I.R.S. Employer of Incorporation) Identification No.) 147 WEST ELECTION ROAD, SUITE 110, DRAPER, UT 84020 -------------------------------------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) (801) 984-2600 -------------------------------------------------------------------------------- (Registrant's Telephone Number, Including Area Code) -------------------------------------------------------------------------------- (Former Name or Former Address, if Changed Since Last Report) ITEM 5. OTHER EVENTS. On September 28, 2001, U.S. Aggregates, Inc. (the "Company") issued a press release announcing that it had received a request for a reduction in the purchase price of its Southeastern Assets. A copy of this press release is attached as Exhibit 99.1 to this Report and is incorporated herein by reference. ITEM 7. EXHIBITS. Exhibit 99.1 Press Release dated September 28, 2001, entitled "U.S. Aggregates Announces Request for Lower Purchase Price of Southeastern Operations." 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 THEREUNTO DULY AUTHORIZED. U.S. AGGREGATES, INC. By: /s/ STANFORD SPRINGEL ---------------------------- Stanford Springel Chief Executive Officer EX-99 3 c21968_ex99.txt EXHIBIT 99.1 EXHIBIT 99.1 FOR IMMEDIATE RELEASE U.S. AGGREGATES ANNOUNCES REQUEST FOR LOWER PURCHASE PRICE OF SOUTHEASTERN OPERATIONS Draper, Utah, September 28, 2001 - U.S Aggregates, Inc. (NYSE: AGA) today announced that due to delays in receiving necessary approvals, it will be unable to close the sale of its southeastern operations to Florida Rock Industries, Inc. by the October 8, 2001 date specified in the purchase contract. Accordingly, U.S. Aggregates has requested an extension of this October 8 date. In response to this request for an extension Florida Rock has requested certain contract modifications that would include a substantial, although not yet definitive, reduction in the purchase price for these assets. U.S. Aggregates remains in negotiations with Florida Rock with respect to these matters. In addition, U.S. Aggregates is engaged in discussions with its senior and subordinated lenders regarding financial alternatives. Founded in 1994, U.S. Aggregates, Inc. ("USAI ") is a producer of aggregates. Aggregates consist of crushed stone, sand and gravel. The Company's products are used primarily for construction and maintenance of highways and other infrastructure projects as well as for commercial and residential construction. CERTAIN MATTERS DISCUSSED IN THIS RELEASE CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION BASED ON MANAGEMENT'S BELIEF AS WELL AS ASSUMPTIONS MADE BY AND INFORMATION CURRENTLY AVAILABLE TO MANAGEMENT. SUCH STATEMENTS ARE SUBJECT TO RISKS, UNCERTAINTIES AND ASSUMPTIONS INCLUDING, AMONG OTHER MATTERS, FUTURE GROWTH IN THE CONSTRUCTION INDUSTRY; THE ABILITY OF U.S. AGGREGATES TO COMPLETE ACQUISITIONS AND EFFECTIVE INTEGRATION OF ACQUIRED COMPANIES' OPERATIONS; TO FUND ITS LIQUIDITY; AND GENERAL RISKS RELATED TO THE MARKETS IN WHICH U.S. AGGREGATES OPERATES. SHOULD ONE OR MORE OF THESE RISKS MATERIALIZE, OR SHOULD UNDERLYING ASSUMPTIONS PROVE INCORRECT, ACTUAL RESULTS MAY DIFFER MATERIALLY FROM THOSE PROJECTED. ADDITIONAL INFORMATION REGARDING THESE RISK FACTORS AND OTHER UNCERTAINTIES MAY BE FOUND IN THE COMPANY'S FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION. ###