-----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, KsgLqiiffEt8a0XVFw5AM68SzMSJBmW8/BeP//xMvcbDJhQ6ZAeHkk/D+WK/JSEW OKRQN7F8T5Vxm+tM9ttE6A== 0001047469-98-022961.txt : 19980605 0001047469-98-022961.hdr.sgml : 19980605 ACCESSION NUMBER: 0001047469-98-022961 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19980522 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19980604 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: HEFTEL BROADCASTING CORP CENTRAL INDEX KEY: 0000922503 STANDARD INDUSTRIAL CLASSIFICATION: RADIO BROADCASTING STATIONS [4832] IRS NUMBER: 990113417 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-24516 FILM NUMBER: 98642563 BUSINESS ADDRESS: STREET 1: 100 CRESCENT CT STREET 2: STE 1777 CITY: DALLAS STATE: TX ZIP: 75201- BUSINESS PHONE: 7023673322 8-K 1 FORM 8K 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): May 22, 1998 HEFTEL BROADCASTING CORPORATION (Exact name of registrant as specified in its charter) Delaware 0-24516 99-0113417 (State or other jurisdiction (Commission File Number) (IRS Employer incorporation) Identification No.) 100 Crescent Court, Suite 1777 Dallas, Texas 75201 (Address of principal (Zip Code) executive offices) Registrant's telephone number, including area code: (214) 855-8882 ______________________________________________________________________ (former name or former address, if changed since last report) ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS On May 22, 1998, Heftel Broadcasting Corporation (the "Company") exchanged the assets of WPAT(AM) and $115.0 million in cash for the assets of WNWK(FM) from Multicultural Radio Broadcasting, Inc. Both radio stations serve the New York City market. On May 29, 1998, the Company acquired the assets of KKPN(FM) serving the Houston market for $54.0 million from SBI Holding Corporation. The Company used a portion of the proceeds from its January 22, 1998 secondary stock offering to fund both acquisitions. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS Financial statements and pro forma financial information related to these acquisitions will be filed no later than July 21, 1998. EXHIBIT 10.1 Asset Exchange Agreement, dated December 1, 1997, by and between Multicultural Radio Broadcasting, Inc. and Heftel Broadcasting Corporation (incorporated by reference to Exhibit 10.27 to the Registrant's Form 10-K filed on March 31, 1998) EXHIBIT 10.2 Asset Purchase Agreement, dated March 25, 1998, by and between HBC Houston, Inc., HBC Houston License Corporation and SBI Holding Corporation (incorporated by reference to Exhibit 10.1 to the Registrant's Form 10-Q filed on May 13, 1998) 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 thereunto duly authorized. Heftel Broadcasting Corporation ------------------------------- (Registrant) By: /s/ Jeffrey T. Hinson ---------------------------------- Name: Jeffrey T. Hinson Title: Chief Financial Officer Dated: June 4, 1998 1 INDEX TO EXHIBITS Exhibit No. ----------- Exhibit 10.1 Asset Exchange Agreement, dated December 1, 1997, by and between Multicultural Radio Broadcasting, Inc. and Heftel Broadcasting Corporation (incorporated by reference to Exhibit 10.27 to the Registrant's Form 10-K filed on March 31, 1998) Exhibit 10.2 Asset Purchase Agreement, dated March 25, 1998, by and between HBC Houston, Inc., HBC Houston License Corporation and SBI Holding Corporation (incorporated by reference to Exhibit 10.1 to the Registrant's Form 10-Q filed on May 13, 1998) 2 -----END PRIVACY-ENHANCED MESSAGE-----