-----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, EGmAjLr6MH9sScgJCftB/oPYjXfSfc/M8MbWbId0NQycjOvXgOibcs0PIYk2zs5f u9lAB+L0H+JNgmMZo3QiVA== 0000931763-00-001407.txt : 20000518 0000931763-00-001407.hdr.sgml : 20000518 ACCESSION NUMBER: 0000931763-00-001407 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20000517 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20000517 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VIDEO DISPLAY CORP CENTRAL INDEX KEY: 0000758743 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-ELECTRONIC PARTS & EQUIPMENT, NEC [5065] IRS NUMBER: 581217564 STATE OF INCORPORATION: GA FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-13394 FILM NUMBER: 638402 BUSINESS ADDRESS: STREET 1: 1868 TUCKER INDUSTRIAL DR CITY: TUCKER STATE: GA ZIP: 30084 BUSINESS PHONE: 4049382080 MAIL ADDRESS: STREET 1: 1868 TUCKER INDUSTRIAL DR STREET 2: 1868 TUCKER INDUSTRIAL DR CITY: TUCKER STATE: GA ZIP: 30084 8-K 1 FORM 8-K 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: May 17, 2000 VIDEO DISPLAY CORPORATION Exact name of Registrant as Specified in Charter Georgia 0-13394 58-1217564 (State of Incorporation) (Commission File No.) (IRS Employer ID No.) 1868 Tucker Industrial Drive, Tucker, Georgia 30084 Address of principal executive offices including zip code Registrant's Telephone Number: (770) 938-2080 Item 2 - ACQUISITIONS OR DISPOSITION OF ASSETS On May 2, 2000, Video Display Corporation acquired the common stock of Lexel Imaging Systems, Inc. ("Lexel") of Lexington, Kentucky as of an effective date of March 31, 2000. The aggregate consideration consists of $3,000,000 in cash, which was funded through debt with the Company's primary lender. The debt bears interest at a rate of 2.50% over LIBOR. The note is for 120 days and is unsecured but guaranteed by an officer of the corporation. It is anticipated that the note will be rolled into the Company's line of credit at time of renewal. Lexel and its officers and directors are unrelated to Video Display Corporation. Lexel has developed specialized processes used in the manufacture of a wide range of monochrome CRTs for commercial and military programs. Item 7 - FINANCIAL STATEMENTS PROFORMA FINANCIAL INFORMATION AND EXHIBITS (a) Financial statements of business acquired: Financial statements prepared in accordance with Regulation S-X and required to be filed pursuant to this section are not available at this time. Such financial statements will be filed by Video Display Corporation as soon as practical by an amended Current Report on Form 8-K which will be filed within 60 days after the filing of this Current Report on Form 8-K. (b) Proforma financial information: At this time it is impractical to provide Proforma financial information as required pursuant to Article 11 of Regulation S-X. Proforma financial information will be filed by Video Display Corporation as soon as practical by an amended Current Report on Form 8-K which will be filed within 60 days after the filing of this Current Report on Form-K. (c) Exhibits: The purchase agreement between Lexel and Video Display Corporation was not available for electronic filing and will be attached to the amended Current Report on Form 8-K when such report is filed within 60 days after filing this Current Report on Form 8-K. By: /s/ Carol D. Franklin --------------------------- Carol D. Franklin Chief Financial Officer Date: May 17, 2000 -----END PRIVACY-ENHANCED MESSAGE-----