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
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U.S. AGGREGATES, INC.
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(Exact Name of Registrant as Specified in Its Charter)
Delaware 000-15217 57-0990958
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(State or Other Jurisdiction (Commission File Number) (I.R.S. Employer
of Incorporation) Identification No.)
147 WEST ELECTION ROAD, SUITE 110, DRAPER, UT 84020
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(Address of Principal Executive Offices) (Zip Code)
(801) 984-2600
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(Registrant's Telephone Number, Including Area Code)
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(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.
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