8-K 1 0001.txt CURRENT REPORT SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 -------------------- FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934 -------------------- Date of Report: December 27, 2000 LODGIAN, INC. ------------- (Exact name of registrant as specified in its charter) Delaware 001-14537 52-2093696 ---------------- ---------------- ---------------- (State or other (Commission (IRS Employer jurisdiction of File Number) Identification incorporation) Number) 3445 Peachtree Road, N.E., Suite 700, Atlanta, Georgia 30326 ----------------------------------------- ---------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (404) 364-9400 ITEM 5. OTHER EVENTS. On December 26, 2000, Lodgian, Inc. (the "Company") entered into an Exclusivity Agreement with Edgecliff Holdings, LLC ("Edgecliff") (the "Exclusivity Agreement"). Under the terms of the Exclusively Agreement Lodgian has granted Edgecliff an exclusive period of sixty days to complete its due diligence review of Lodgian. In consideration for the granting of such exclusive period, Edgecliff has agreed for a period of one year not to make an offer to acquire Lodgian for less than $4.75 per share in cash. Lodgian may continue to sell assets during the exclusive period. The Exclusivity Agreement is attached to this Form 8-K as Exhibit 10.1 and is incorporated herein by reference. The Company's press release dated December 27, 2000 is attached to this Form 8-K as Exhibit 99.1 and is incorporated herein by reference. ITEM 7. EXHIBITS. 10.1 Exclusivity Agreement by and between Lodgian, Inc. and Edgecliff Holdings, LLC, dated as of December 26, 2000. 99.1 Press release dated December 27, 2000. 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. LODGIAN, INC. By /s/ Robert S. Cole ------------------------------------- Name: Robert S. Cole Title: President and Chief Executive Officer Date: December 27, 2000 EXHIBIT INDEX ------------------------------------------------------------------------------- Exhibit Number Description ------------------------------------------------------------------------------- 10.1 Exclusivity Agreement by and between Lodgian, Inc., and Edgecliff Holdings, LLC dated as of December 26, 2000 99.2 Press release dated December 27, 2000. -------------------------------------------------------------------------------