-----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, Eh9LKs1uvAEWY8ckaQsYKPq6GSG9+JDBoU/tl3mZVpsOexqcBIZQzvCwJLkqF3qL NxRovnnbJjnqW1CMrk1KjA== 0000914121-01-500975.txt : 20020413 0000914121-01-500975.hdr.sgml : 20020413 ACCESSION NUMBER: 0000914121-01-500975 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20011226 ITEM INFORMATION: Bankruptcy or receivership FILED AS OF DATE: 20011226 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ANACOMP INC CENTRAL INDEX KEY: 0000006260 STANDARD INDUSTRIAL CLASSIFICATION: PHOTOGRAPHIC EQUIPMENT & SUPPLIES [3861] IRS NUMBER: 351144230 STATE OF INCORPORATION: IN FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08328 FILM NUMBER: 1822906 BUSINESS ADDRESS: STREET 1: 12365 CROSTHWAITE CIRCLE CITY: POWAY STATE: CA ZIP: 92064 BUSINESS PHONE: 8586799797 MAIL ADDRESS: STREET 1: 12365 CROSTHWAITE CIRCLE CITY: POWAY STATE: CA ZIP: 92064 FORMER COMPANY: FORMER CONFORMED NAME: COMPUTEC INC DATE OF NAME CHANGE: 19740314 8-K 1 an604882v3_8k.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 Exchange Act of 1934 Date of Report (Date of earliest event reported): December 26, 2001 ANACOMP, INC. (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) Indiana 1-8328 35-1144230 (STATE OR OTHER (COMMISSION FILE NUMBER) (I.R.S. EMPLOYER JURISDICTION OF IDENTIFICATION NO.) INCORPORATION) 12365 Crosthwaite Circle Poway, CA 92064 - -------------------------------------------------------------------------------- (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE) Registrant's telephone number, including area code: (858) 679-9797 Not Applicable (FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT) ITEM 3. BANKRUPTCY OR RECEIVERSHIP On December 11, 2001, the United States Bankruptcy Court for the Southern District of California confirmed the Plan of Reorganization (the "Prepackaged Plan") of Anacomp, Inc. (the "Company") under Chapter 11 of the United States Bankruptcy Code. The Prepackaged Plan provides for the Company's comprehensive financial restructuring (the "Restructuring"). The purpose of the Restructuring is to enhance the Company's economic viability by adjusting the Company's capitalization (including debt levels) to reflect currently anticipated business levels. The Restructuring is designed to substantially reduce the debt service obligations of the Company and create a capital structure that will allow the Company to stabilize its business and operations. The consummation of the Restructuring is subject to several contingencies detailed in the Disclosure Statement (as defined below). Under the terms of the Prepackaged Plan, the Company's existing 10 7/8% Senior Subordinated Notes due 2004 (the "Notes") will be cancelled and the holders of the Notes (the "Holders"), as of the Effective Date of the Prepackaged Plan (currently anticipated to be December 31, 2001), will receive common stock of the Company. The Prepackaged Plan provides for the extinguishment of the Company's existing common stock and the adoption of new Articles of Incorporation, which will provide for Class A Common Stock and Class B Common Stock. Class A Common Stock and Class B Common Stock will be identical in all respects (including without limitation, for purposes of voting) except that Class B Common Stock will, upon certain occurrences, be subject to dilution without further stockholder action of any kind. Holders of existing common stock as of the Effective Date of the Prepackaged Plan will receive one share of Class B Common Stock for each approximately 3,611 shares of the Company's current common stock held as of the Effective Date of the Plan, and warrants ("Warrants") to purchase additional Class B Common Stock at an exercise price of $61.54 per share. Upon consummation of the Prepackaged Plan, the current common stockholders of the Company will retain a 0.1% interest in the Company's common stock and the Holders will receive a 99.9% interest (without giving consideration to shares of common stock underlying the Warrants or shares of Class A Common Stock issuable to certain officers of the Company as incentive compensation). The Prepackaged Plan also provides for the restructuring of the Company's existing credit facility with the Bank Group (the "Facility"). The proposed restructured Facility provides for, among other provisions, accelerated principal repayments causing permanent reductions in the borrowing limit. As a precondition to the restructuring of the Facility, the Company must effectuate a financial restructuring pursuant to a prepackaged Chapter 11 plan of reorganization by January 15, 2002. A copy of the Disclosure Statement describing Anacomp, Inc.'s Chapter 11 Plan of Reorganization, dated August 29, 2001 (including Anacomp, Inc.'s Chapter 11 Plan of Reorganization, dated August 29, 2001, and all exhibits thereto) (the "Disclosure Statement") was attached as an exhibit to the Company's Filing on Form 8-K dated September 20, 2001. Attached as an Exhibit to the Company's Filing on Form 8-K dated October 29, 2001 was a modification of the Plan (the "Plan Modification") relating to the creation of a new class of claims consisting of one Holder. Each of the Disclosure Statement, the Plan and the Plan Modification are incorporated herein by reference to the filings previously indicated. Certain statements in this Form 8-K (and the exhibits referenced herein), including those related to the Company's plans, liquidity needs, potential restructuring and future operations, constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the Company, or industry results, to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks, uncertainties and other important factors include, among others: general economic and business conditions; industry trends; industry capacity; competition; raw materials costs and availability; currency fluctuations; the loss of any significant customers or suppliers; changes in business strategy or development plans; successful development of new products; availability, terms and deployment of capital; ability to meet debt service obligations; availability of qualified personnel; changes in, or the failure or inability to comply with, government regulations; and other factors referenced in this report. The words "may", "could", "should", "would", "believe", "anticipate", "estimate", "expect", "intend", "plan" and similar expressions or statements regarding future periods are intended to identify forward-looking statements. All forward-looking statements are inherently uncertain as they involve substantial risks and uncertainties beyond the Company's control. The Company undertakes no obligation to update or revise any forward-looking statements for events or circumstance after the date on which such statement is made. New factors emerge from time to time, and it is not possible for the Company to predict all such factors. Further, the Company cannot assess the impact of each such factor on its business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. EXHIBITS 2.1 Plan of Reorganization (1) 2.2 Plan Modification (2) 99.1 Disclosure Statement (1) - ------------------------------ (1) Incorporated by Reference to Filing on Form 8-K dated September 20, 2001. (2) Incorporated by Reference to Filing on Form 8-K dated October 29, 2001. Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on behalf of the Registrant by the undersigned thereunto duly authorized. ANACOMP, INC. By: /s/ Linster W. Fox ------------------------- Name: Linster W. Fox Title: Senior Vice President and Chief Financial Officer DATE: DECEMBER 26, 2001 -----END PRIVACY-ENHANCED MESSAGE-----