-----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, ULXzwx/MwQayfZ02ADZ/yVN0XIrpcse+CkBUiKYORkJ6LXKGLZpUzSR29GnX0bOV jaV9ksCnIZ1iQKqAU/sUgg== 0000950005-96-000665.txt : 19960928 0000950005-96-000665.hdr.sgml : 19960928 ACCESSION NUMBER: 0000950005-96-000665 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19960809 ITEM INFORMATION: Other events FILED AS OF DATE: 19960821 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: US ELECTRICAR INC CENTRAL INDEX KEY: 0000922237 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLES & PASSENGER CAR BODIES [3711] IRS NUMBER: 953056150 STATE OF INCORPORATION: CA FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 033-79542 FILM NUMBER: 96618394 BUSINESS ADDRESS: STREET 1: 5 THOMAS MELLON CIRCLE STREET 2: SUITE 305 CITY: SAN FRANCISCO STATE: CA ZIP: 94134 BUSINESS PHONE: 4156562400 MAIL ADDRESS: STREET 1: 5 THOMAS MELLON CIRCLE STREET 2: SUITE 305 CITY: SAN FRANCISCO STATE: CA ZIP: 94134 8-K 1 CURRENT REPORT UNITED STATES 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 9, 1996 U.S. ELECTRICAR, INC. --------------------- (Exact name of registrant as specified in its charter) California 0-25184 95-3056150 - -------------------------------------------------------------------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 5 Thomas Mellon Circle, San Francisco, CA 94134 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: 415-656-2400 Page 1 of 3 Pages Item 5. Other Events Pursuant to a Memorandum of Understanding dated August 9, 1996 by and between U.S. Electricar, Inc. ("Buyer") and Systronix Corporation ("Seller"), the parties have agreed to use best efforts to consummate the sale of Seller's business properties and assets to Buyer. Consummation of the transaction is contingent upon the parties entering into a mutually acceptable definitive asset purchase agreement, receipt of additional funding by U.S. Electricar, Inc., and attainment of all necessary corporate consents. The estimated total purchase price is approximately $3.3 M, to be paid through a combination of cash, stock and a note, of which Buyer has deposited approximately $1.1 M with Seller against the purchase price. Systronix Corporation, located in Torrance, California, is a development stage company which was incorporated in September, 1994, and began research and development operations in January, 1995. Its goal is to become a leading developer of technologically advanced electric propulsion systems for electric vehicles. Systronix is in the process of designing its first product, the Panther(TM), 60 three-phase alternating current (AC) drive train. Page 2 of 3 Pages SIGNATURE 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 duly authorized. U.S. ELECTRICAR, INC. (Registrant) Date: August 20, 1996 By: --------------------------------- John J. Micek III Vice President & General Counsel Page 3 of 3 Pages -----END PRIVACY-ENHANCED MESSAGE-----