-----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, Gb5DSLJS3slTeI2KzmM1+8Bl1JEiv0G58JYa6i9xhvAxBKfjyP1jNfA6Z2UXAsXy JMFszCEjk25NR5y1omN7mw== 0000730255-04-000031.txt : 20040427 0000730255-04-000031.hdr.sgml : 20040427 20040427172455 ACCESSION NUMBER: 0000730255-04-000031 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040420 ITEM INFORMATION: Acquisition or disposition of assets FILED AS OF DATE: 20040427 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CALIFORNIA AMPLIFIER INC CENTRAL INDEX KEY: 0000730255 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] IRS NUMBER: 953647070 STATE OF INCORPORATION: DE FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-12182 FILM NUMBER: 04757840 BUSINESS ADDRESS: STREET 1: 1401 N RICE AVENUE CITY: OXNARD STATE: CA ZIP: 93030 BUSINESS PHONE: 8059879000 MAIL ADDRESS: STREET 1: 1401 N RICE AVENUE CITY: CAMARILLO STATE: CA ZIP: 93030 8-K 1 form8k-vytek_acq.txt FORM 8-K TO REPORT VYTEK ACQUISITION 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): April 12, 2004 ____________________ Exact Name of Registrant as Specified in Its Charter: CALIFORNIA AMPLIFIER, INC. ___________________________________ DELAWARE 0-12182 95-3647070 _____________________________ ____________ _____________ State or Other Jurisdiction of Commission I.R.S. Employer Incorporation or Organization File Number Identification No. Address of Principal Executive Offices: 1401 N. Rice Avenue Oxnard, CA 93030 _________________________ Registrant's Telephone Number, Including Area Code: (805) 987-9000 _________________________ Former Name or Former Address, if Changed Since Last Report: Not applicable _________________________ ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS On April 12, 2004, California Amplifier, Inc. (the "Company") completed the acquisition of and merger with Vytek Corporation ("Vytek"), a privately held company, pursuant to the Agreement and Plan of Merger and Reorganization dated December 23, 2003 (the "Agreement"). The transaction was approved by the shareholders of both companies during special stockholder meetings held on April 8, 2004. Vytek is a provider of technology integration solutions involving a mix of professional services and proprietary software and hardware products, serving the needs of enterprise customers and original equipment manufacturers. Pursuant to the Agreement, the Company issued approximately 8,123,700 shares of common stock as the purchase consideration, of which 854,700 share were placed into an escrow account and approximately 7,269,000 shares were issued to the selling shareholders of Vytek. The Company also assumed all unexercised Vytek stock options and stock purchase warrants that were outstanding at the time of the merger. The Company reserved approximately 76,300 shares of its common stock for in-the-money Vytek options and warrants that were assumed, and also reserved approximately 117,600 shares of common stock for out-of-the-money Vytek options and warrants that were assumed. For purchase accounting purposes, the fair market value per share used to value the approximately 7,269,000 shares issued to the Vytek selling stockholders is $11.26 per share, which is the average closing price of the Company's common stock on the Nasdaq National Market for the period beginning two trading days before and ending two trading days after December 23, 2003, the day that the merger terms were agreed to and announced. Also for purchase accounting purposes, the fair value of the Vytek options and warrants assumed by the Company in the merger will be calculated using the Black-Scholes option pricing model. Direct costs of the acquisition, including legal, accounting and financial advisory fees, are estimated to be $2.4 million, and have been or will be paid by the Company in cash. None of the selling stockholders of Vytek were affiliated with the Company prior to the merger. On April 12, 2004, at the effective time of the merger, Tracy Trent, Vytek's Chief Operating Officer, became the President of the Company's Solutions Division. James E. Ousley, who served as President and Chief Executive Officer of Vytek from 2000 until the effective time of the merger, joined the Company's Board of Directors on April 20, 2004. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (a) Financial Statements of Business Acquired. It is impracticable to provide the audited financial statements of Vytek required by Item 7 at this time. The Registrant will file the financial information required by this item as an amendment to this report on Form 8-K within 75 days of April 12, 2004. (b) Pro Forma Financial Information. It is impracticable to provide the pro forma financial information required by Item 7 at this time. The Registrant will file the financial information required by this item as an amendment to this report on Form 8-K within 75 days of April 12, 2004. (c) Exhibits. 2.1 Agreement and Plan of Merger and Reorganization dated December 23, 2003 among the Registrant, Mobile Acquisition Sub, Inc., Vytek Corporation, and Vytek's Stockholder Representative, incorporated by reference to Exhibit 2.1 of the Company's registration statement on Form S-4 filed on February 13, 2004 (Registration No. 33-112851). 99.1 Press release of the Registrant dated April 12, 2004 announcing the completion of the merger with Vytek Corporation and key management changes, incorporated by reference to Exhibit 99-1 of the Registrant's Current Report on Form 8-K filed on April 13, 2004. 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. CALIFORNIA AMPLIFIER, INC. April 27, 2004 /s/ Richard K. Vitelle _________________________________ _________________________________ Date Richard K. Vitelle Vice President - Finance (Principal Financial Officer) -----END PRIVACY-ENHANCED MESSAGE-----