Trans Lux Corp – ‘8-K’ for 3/28/03

On:  Tuesday, 4/1/03, at 5:51pm ET   ·   As of:  4/2/03   ·   For:  3/28/03   ·   Accession #:  99106-3-9   ·   File #:  1-02257

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         8K for Sale                                            2±     9K 
 2: EX-10       Sale Agreement                                        23±    80K 
 3: EX-99       Press Release                                          1      7K 

8-K   —   8K for Sale
Document Table of Contents

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)  March 28, 2003

TRANS-LUX CORPORATION 
(Exact name of registrant as specified in its charter)

Delaware                            1-2257                       13-1394750   
(State or other jurisdiction     (Commission                 (I.R.S. Employer   
of incorporation)                 File Number)               Identification No.)

110 Richards Avenue, Norwalk, CT  06856-5090
(Address of principal executive offices) (Zip Code) 

Registrant's telephone number, including area code:  (203) 853-4321 

(Former name or former address, if changed since last report.)-N/A

Item 2. Acquisition or Disposition of Assets                                    

On March 28, 2003, a wholly-owned subsidiary, Trans-Lux West Corporation, sold  
its custom sports division, including licensing of intellectual property and its
facility located in Logan, Utah to Barco, Inc., for a cash price of             
approximately $3.7 million, plus assumption of two Industrial Revenue Bonds     
totaling approximately $4.2 million, for an approximate total sale price of $7.9
million.  Current assets sold include approximately $1.1 million net book value 
of accounts receivable and inventory.  Non-current assets sold include          
approximately $4.7 million net book value of land, building, machinery and      
equipment and goodwill.  The assets disposed of represent less than 20 per cent 
of the Registrant's total assets                                                

The foregoing is only a brief summary of the Asset Purchase Agreement and       
reference is made to the entire agreement which is filed as an exhibit to this  
report.                                                                         

Item 7. Financial Statements and Exhibits                                       

(c)     Exhibits.                                                               

     10(a)   Asset Purchase Agreement regarding the acquisition of certain
               assets of Trans-Lux West Corporation, a wholly-owned subsidiary
              of Trans-Lux Corporation, by Barco, Inc. dated March 28, 2003.

99.1    Press release dated March 31, 2003.                     

SIGNATURES

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

                                                 TRANS-LUX CORPORATION

                                        By:/s/ Angela D. Toppi
                                                  ------------------------------
                                       Angela D. Toppi
                                                    Executive Vice President and
                                               Chief Financial Officer

Date:  April 1, 2003                                                            

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing		Date		Other Filings
Filed as of:		4/2/03
Filed on:		4/1/03
		3/31/03		10-Q
For Period End:		3/28/03		10-K,  8-K
				List all Filings