8-K 1 a04-7488_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

 

June 28, 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)

 

 



 

Item 5. Other Events.

 

On June 28, 2004, Protection One, Inc. (the “Company”) reached an agreement to further extend the standstill agreements among the Company, Protection One Alarm Monitoring, Inc., 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 July 6, 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 forms of extension agreements are attached hereto as Exhibits 10.1 and 10.2, respectively.

 

The Company intends to defer (i) payment of the semi-annual interest payment due June 30, 2004 on its outstanding $29.9 million aggregate principal amount of its 135/8% senior subordinated discount notes due 2005 and (ii) the quarterly interest payment due on its $215.5 million principal amount revolving credit facility with affiliates of Quadrangle Group.

 

Item 7.  Financial Statements and Exhibits.

 

(c) Exhibits:

 

Exhibit 10.1

 

Form of Agreement to extend credit facility standstill, dated June 28, 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

 

Form of Agreement to extend equity standstill, dated June 28, 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: June 30, 2004

 

By:

/s/ Darius G. Nevin

 

 

 

Name: Darius G. Nevin

 

 

 

Title: Executive Vice President and
Chief Financial Officer

 

 

 

 

 

 

 

 

 

 

 

 

 

PROTECTION ONE ALARM
MONITORING, INC.

 

 

 

 

 

 

Date: June 30, 2004

 

By:

/s/ Darius G. Nevin

 

 

 

Name: Darius G. Nevin

 

 

 

Title: Executive Vice President and
Chief Financial Officer

 

 

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