8-K 1 a04-10775_18k.htm 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 Exchange Act of 1934

 

 

Date of report

 

September 20, 2004

 

(Date of earliest event reported)

 

 

 

Protection One, Inc.

 

Protection One Alarm Monitoring, Inc.

(Exact Name of Registrant
as Specified in Charter)

 

(Exact Name of Registrant
as Specified in Charter)

 

 

 

Delaware

 

Delaware

(State or Other Jurisdiction
of Incorporation)

 

(State or Other Jurisdiction
of Incorporation)

 

 

 

1-12181-01

 

1-12181

(Commission File Number)

 

(Commission File Number)

 

 

 

93-1063818

 

93-1065479

(I.R.S. Employer
Identification No.)

 

(I.R.S. Employer
Identification No.)

 

 

 

818 S. Kansas Avenue
Topeka, Kansas 66612

 

818 S. Kansas Avenue
Topeka, Kansas 66612

(Address of Principal Executive
Offices, Including Zip Code)

 

(Address of Principal Executive
Offices, Including Zip Code)

 

 

 

(785) 575-1707

 

(785) 575-1707

(Registrant’s Telephone Number,
Including Area Code)

 

(Registrant’s Telephone Number,
Including Area Code)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchage Act (17 CFR 240.14d-2(b))

 

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 



 

Item 1.01. Entry into a Material Definitive Agreement.

 

On September 20, 2004, Protection One, Inc. (the “Company”) reached an agreement to further extend the standstill agreements among the Company, Protection One Alarm Monitoring, Inc. (“POAMI”), Network Multi-Family Security Corporation, POI Acquisition, L.L.C., POI Acquisition I, Inc. and Quadrangle Master Funding Ltd.  The terms of the new extensions require the applicable Quadrangle Group LLC affiliate(s), under certain conditions, to continue to forbear until September 27, 2004 from (i) exercising any rights and taking any enforcement and collection actions as a result of the occurrence of specified defaults under the revolving credit facility and (ii) exercising any rights to which such affiliate is entitled as a result of its equity ownership in the Company.  Thereafter, the term of the standstill agreements shall be automatically extended for three consecutive one week periods unless the Quadrangle Group LLC affiliate(s) deliver a written notice to the Company.  The extension agreements are attached hereto as Exhibits 10.1 and 10.2, respectively.

 

Approximately 87% of the issued and outstanding shares of Protection One, Inc.’s common stock is owned by POI Acquisition I, Inc., a subsidiary of POI Acquisition, L.L.C.  POI Acquisition, L.L.C. and POI Acquisition I, Inc. are entities formed by Quadrangle Capital Partners L.P., Quadrangle Select Partners L.P., Quadrangle Capital Partners-A L.P. and Quadrangle Master Funding Ltd.  POI Acquisition, L.L.C and Quadrangle Master Funding Ltd. are the lenders under the Company’s revolving credit facility, under which approximately $215.5 million is outstanding.

 

Item 9.01.  Financial Statements and Exhibits.

 

(c) Exhibits:

 

Exhibit 10.1

 

Agreement to extend credit facility standstill, dated September 20, 2004, among Protection One, Inc., Protection One Alarm Monitoring, Inc., Network Multi-Family Security Corporation, POI Acquisition, L.L.C. and Quadrangle Master Funding Ltd.

 

 

 

Exhibit 10.2

 

Agreement to extend equity standstill, dated September 20, 2004, between Protection One, Inc. and POI Acquisition I, Inc.

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, each registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

 

PROTECTION ONE, INC.

 

 

 

 

 

Date: September 22, 2004

 

By:

/s/ Darius G. Nevin

 

 

 

Name: Darius G. Nevin

 

 

 

Title: Executive Vice President and
Chief Financial Officer

 

 

 

 

 

 

 

 

 

 

 

 

 

PROTECTION ONE ALARM
MONITORING, INC.

 

 

 

 

 

 

Date: September 22, 2004

 

By:

/s/ Darius G. Nevin

 

 

 

Name: Darius G. Nevin

 

 

 

Title: Executive Vice President and
Chief Financial Officer

 

 

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