-----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, BC44ZuGDfiqeeAfNmX1+3ixH7HpE8eCVc1QNx04XO/9U7cIyIS+Kpuv485b4xYbb +MASW2cLJor3SNmoAggt9w== 0000008137-97-000015.txt : 19970815 0000008137-97-000015.hdr.sgml : 19970815 ACCESSION NUMBER: 0000008137-97-000015 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970810 ITEM INFORMATION: Changes in control of registrant FILED AS OF DATE: 19970814 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: ATKINSON GUY F CO OF CALIFORNIA CENTRAL INDEX KEY: 0000008137 STANDARD INDUSTRIAL CLASSIFICATION: HEAVY CONSTRUCTION OTHER THAN BUILDING CONST - CONTRACTORS [1600] IRS NUMBER: 941649018 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-03062 FILM NUMBER: 97662451 BUSINESS ADDRESS: STREET 1: 1001 BAYHILL DR STREET 2: P O BOX 593 CITY: SAN BRUNO STATE: CA ZIP: 94066 BUSINESS PHONE: 4158761000 MAIL ADDRESS: STREET 1: P O BO 593 STREET 2: S SAN FRANCISCO 8-K 1 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): August 10, 1997 GUY F. ATKINSON COMPANY OF CALIFORNIA (Exact name of registrant as specified in its charter) DELAWARE 0-3062 94-1649018 (State or other (Commission (IRS Employer jurisdiction of File Number) Identification No.) incorporation) 1001 Bayhill Drive, San Bruno, California 94066 (Address of principal executive offices) (zip code) (415) 876-1000 Registrants' telephone number, including area code -1- Item 3. Bankruptcy or Receivership See press release. Item 4. Financial Statements and Exhibits (a) Not applicable. (b) Not applicable. (c) Exhibits 99.1 Press release dated August 11, 1997 announcing commencement of Chapter 11 case by the Company. -2- EX-99 2 August 11, 1997 FOR IMMEDIATE RELEASE ATKINSON COMMENCES CHAPTER 11 CASE FROM: ATKINSON 1001 Bayhill Drive, 2nd Floor San Bruno, CA 94066 CONTACT: Jim Stevens, Vice President, Administration (415) 876-1681 SAN BRUNO, CALIFORNIA, August 11, 1997, Guy F. Atkinson Company of California (ATKN:NASDAQ/NMS) today announced that it has filed a petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code. The action was filed August 10, 1997 in the United States Bankruptcy Court for the Northern District of California. The Company's bank lines of credit totaling $55 million matured on June 30, 1997. The Company has been unsuccessful in negotiating with its banks for the renewal of the credit lines and to obtain additional financing. "As a result of the discussions with our banking syndicate and after considering other alternatives, we concluded that Chapter 11 provided the most favorable approach for the Company and its stockholders and creditors," said Jack J. Agresti, President and Chief Executive Officer of the Company. "The filing should allow us to use existing cash to continue to operate our business while we pursue alternative sources of financing or a possible merger or other business combination." The Company said that its wholly owned subsidiaries, Guy F. Atkinson Company, a Nevada corporation, and Guy F. Atkinson Holdings, a Canadian corporation, through which it conducts substantially all of its construction operations, also filed Chapter 11 petitions. Atkinson operates both domestically and internationally providing full service construction to private and public markets for power, infrastructure, industrial processes, pulp and paper, mining, and water and wastewater treatment. # # # # # -----END PRIVACY-ENHANCED MESSAGE-----