-----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, IIJi3Nutkvwz8Tv7Ks0+repXSMWd5+HeU66zCbV9i9g2Gso+TsEbIR6ac6hrIt2L eefHox/g0p/qbTyIev3X+Q== 0000950134-97-000654.txt : 19970225 0000950134-97-000654.hdr.sgml : 19970225 ACCESSION NUMBER: 0000950134-97-000654 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970120 ITEM INFORMATION: Bankruptcy or receivership ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19970204 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMRE INC CENTRAL INDEX KEY: 0000809572 STANDARD INDUSTRIAL CLASSIFICATION: CONSTRUCTION SPECIAL TRADE CONTRACTORS [1700] IRS NUMBER: 752041737 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09632 FILM NUMBER: 97517493 BUSINESS ADDRESS: STREET 1: 8585 N STEMMONS FRWY STREET 2: SOUTH TOWER CITY: DALLAS STATE: TX ZIP: 75247 BUSINESS PHONE: 2148197000 8-K 1 FORM 8-K 1 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) JANUARY 20, 1997 ------------------------------- AMRE, INC. - -------------------------------------------------------------------------------- (Exact Name of Registrant as Specified in Charter) DELAWARE 1-9632 75-2041737 - -------------------------------------------------------------------------------- (State or Other Jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification No.) 8585 N. STEMMONS FREEWAY, SOUTH TOWER, DALLAS, TX 75247 - -------------------------------------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including are code: (214) 658-6300 ---------------------------- N/A - -------------------------------------------------------------------------------- (Former Name or Former Address, if Changed Since Last Report) 2 ITEM 3. BANKRUPTCY OR RECEIVERSHIP On January 20, 1997 an involuntary petition of reorganization was filed by I Rent America, Telequestion, Inc. and Good Design against AMRE, Inc. under Chapter 11 of title 11 of the United States Code, 11 U.S.C. Sections 101-1330 (hereinafter the "BANKRUPTCY CODE"), as amended. On January 22, 1997, AMRE, Inc. consented to an order for relief under Chapter 11 of the Bankruptcy Code. The entry of the order for relief under Chapter 11 of the Bankruptcy Code was entered on January 23, 1997. Four subsidiaries of AMRE, Inc., American Remodeling, Inc., Facelifters Home Systems, Inc., Century 21 Home Improvements, Inc. and Congressional Construction Corporation, filed voluntary petitions for reorganization under Chapter 11 of the Bankruptcy Code on January 22, 1997. These filings acted as an order for relief under Chapter 11 of the Bankruptcy Code. All of the above proceedings were filed in the United States Bankruptcy Court for the Northern District of Texas, Dallas Division and have been administratively consolidated under case number 397-30567-SAF-11. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS. The following information is incorporated herein by reference. (C) EXHIBITS *99.1 Press Release issued by AMRE on January 17, 1997. * Filed herewith. 3 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 hereunto. AMRE, INC. Date: February 3, 1997 By: /s/ J. Gregg Pritchard ------------------------------- J. Gregg Pritchard President 4 EXHIBIT INDEX EXHIBIT NO. DESCRIPTION - ------- ----------- *99.1 Press Release issued by AMRE on January 17, 1997. * Filed herewith. EX-99.1 2 PRESS RELEASE DATED JANUARY 17, 1997 1 EXHIBIT 99.1 AMRE, INC. PRESS RELEASE - -------------------------------------------------------------------------------- Contact: AMM: John Vanecko FOR IMMEDIATE RELEASE (214) 658-6338 AMRE, INC. CEASES OPERATIONS AND FILES FOR BANKRUPTCY PROTECTION DALLAS, January 17, 1997 - AMRE, Inc. (NYSE:AMM) today announced that it has been unable to obtain additional working capital necessary, as previously disclosed, to fund operating losses incurred in the fourth quarter ended Dec. 31, 1996 and anticipated operating losses during the first quarter of 1997. As a result, AMRE, Inc. has immediately ceased operations and plans to seek protection under Chapter 11 of the United States Bankruptcy code. Effective immediately Ronald L. Bliwas, Dennis S. Bookshester, Murray Gross and Robert M. Swartz have resigned as directors of the Company. The Company intends to complete all work in progress over the next few weeks and then execute an administrative liquidation of its assets. The Company is currently in discussions with a number of parties regarding a possible sale of certain assets under Section 363 of Chapter 11 of the Bankruptcy code, in an effort to maximize the value of the assets for the benefit of creditors. The Company does not anticipate that these discussions and any resulting transaction, should it occur, would yield any residual value for distribution to the stockholders of the Company. -----END PRIVACY-ENHANCED MESSAGE-----