-----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, JP6T5KwDmDG1yq9iPghh/I8wZsU0FTOEanm3WRYF/gDgNE8nTHjloDIV/1BbJFz+ zc0ZbPzTkgALl9XZmdZzkQ== 0000950129-97-000038.txt : 19970107 0000950129-97-000038.hdr.sgml : 19970107 ACCESSION NUMBER: 0000950129-97-000038 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19961230 ITEM INFORMATION: Other events FILED AS OF DATE: 19970106 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: INTERNATIONAL ALLIANCE SERVICES INC CENTRAL INDEX KEY: 0000944148 STANDARD INDUSTRIAL CLASSIFICATION: HAZARDOUS WASTE MANAGEMENT [4955] IRS NUMBER: 222769024 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-25890 FILM NUMBER: 97501099 BUSINESS ADDRESS: STREET 1: 10055 SWEET VALLEY DR CITY: VALLEY VIEW STATE: OH ZIP: 44125 BUSINESS PHONE: 2152834900 MAIL ADDRESS: STREET 1: BUILDING 16 STE 400 STREET 2: 1787 SENTRY PARK WEST CITY: BLUE BELL STATE: PA ZIP: 19422 8-K 1 INTERNATIONAL ALLIANCE SERVICES - 12/30/96 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) December 30, 1996 INTERNATIONAL ALLIANCE SERVICES, INC. (Exact name of registrant as specified in its charter) DELAWARE 0-25890 22-2769024 (State of other jurisdiction (Commission (I.R.S. Employer of incorporation File Number) Identification No.) 10055 Sweet Valley Drive Valley View, Ohio 44125 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (216) 447-9000 - -------------------------------------------------------------------------------- 2 Item 5. Other Events On December 30, 1996, International Alliance Services, Inc. (the "Company") issued and sold 3,251,888 units of the Company for $9.00 per unit in a private placement. Each unit is comprised of one share of common stock, $.01 par value per share, of the Company ("Common Stock") and one warrant to purchase one share of Common Stock at an exercise price of $11.00 per share, exercisable for a three year period from the date of issuance (a "Unit"). In addition, MGD Holdings Ltd., a Bermuda company controlled by Mr. Michael G. DeGroote, Chairman of the Board of the Company, and Messrs. Harve A. Ferrill and Richard C. Rochon, directors of the Company, have entered into agreements to purchase an aggregate of 616,611 Units, subject to stockholder approval. The issuance of such Units is anticipated to be approved by written consent of the holders of a majority of the outstanding shares of Common Stock. Assuming such transaction is approved by the written consent of stockholders of the Company, the Company will prepare and file with the Securities and Exchange Commission, as soon as reasonably practicable, a Schedule 14C Information Statement (the "Information Statement") to be distributed to holders of Common Stock as of the date of such written consent. The Information Statement will be used to notify such holders of Common Stock of the action by written consent approving the issuance of Units to MGD Holdings Ltd. and Messrs. Ferrill and Rochon. In accordance with the requirements of the Securities Exchange Act of 1934, as amended, the issuance of Units to MGD Holdings Ltd. and Messrs. Ferrill and Rochon may not close earlier than 20 days following the distribution of the Information Statement to such holders. The private placement resulted in net proceeds of approximately $27.6 million, after deducting the placement agent fee and other estimated expenses associated with the private placement. Upon the closing of the issuance of the Units to MGD Holdings Ltd. and Messrs. Ferrill and Rochon, the Company will receive an additional $5.3 million in proceeds from the private placement. The proceeds will be used for general corporate purposes, to fund the Company's working capital requirements and to finance acquisitions and capitalize on expansion opportunities. 3 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 hereunto duly authorized. INTERNATIONAL ALLIANCE SERVICES, INC. Date: January 3, 1997 /s/ EDWARD F. FEIGHAN ------------------------------------- Edward F. Feighan Chief Exective Officer -----END PRIVACY-ENHANCED MESSAGE-----