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Nu Kote Holding Inc/DE – ‘8-K’ for 9/30/00

On:  Wednesday, 12/20/00, at 12:06pm ET   ·   For:  9/30/00   ·   Accession #:  941302-0-500125   ·   File #:  0-20287

Previous ‘8-K’:  ‘8-K/A’ on 12/3/99 for 10/7/99   ·   Latest ‘8-K’:  This Filing

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

12/20/00  Nu Kote Holding Inc/DE            8-K:3,7     9/30/00    3:188K                                   Akin Gump Straus… LLP/FA

Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report -- form8k                            HTML     23K 
 2: EX-2.1      Third Amended Joint Plan of Reorganization          HTML    131K 
 3: EX-2.2      First Modification to Third Amended Plan            HTML     32K 


8-K   —   Current Report — form8k


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  FORM 8-K  

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

_________________________

 

FORM 8-K

 

CURRENT REPORT
Pursuant To Sections 13 or 15(d) of the
Securities Exchange Act of 1934

 

December 19, 2000
Date of Report (Date of Earliest Event Reported)

 

Nu-kote Holding, Inc.
(Exact Name of Registrant as Specified in Charter)

 

Texas
(State or Other Jurisdiction
of Incorporation)

0-20287
(Commission
File Number)

16-1296153
(IRS Employer
Identification No.)

 

200 Beasley Dr.
Franklin, Tennessee 37064
(Address and Zip Code of Principal Executive Offices)

 

(615) 794-9000
(Registrant's Telephone Number, Including Area Code)


Item 3.

Bankruptcy or Receivership

          On November 30, 2000, the United States Bankruptcy Court for the Middle District of Tennessee in Nashville, Tennessee (the "Bankruptcy Court") entered an order confirming the Registrant's Third Amended Plan of Reorganization, dated September 8, 2000, as modified (the "Plan"). On December 8, 2000, the Bankruptcy Court entered a corrected confirmation order confirming the Plan.

          The following is a summarization of the material features of the Plan:

 

l

The issuance after the effective date of the Plan of all of the newly issued shares of the Registrant's common stock to Nu-kote Acquisition Corporation ("NAC").

 

l

The retention by NAC of its secured claims in the amount of $15,000,000 secured by the assets of the Registrant and certain of the Registrant's subsidiaries.

 

l

The payment of 100% of all administrative and priority claims.

 

l

The payment of 20% of each unsecured claim of $1,500 or less pursuant to a cash dividend.

 

l

The payment of $600,000 to the unsecured creditors, which amount will be divided among the unsecured creditors on a pro-rata basis pursuant to the terms of the Plan.

 

l

The cancellation of all of the Registrant's shares of common stock outstanding on the effective date of the Plan.

          The status of the Registrant's common stock will be as follows immediately after the effective date of the Plan:

 

 

Issued and Outstanding
Reserved for Future Issuance
Aggregate Total

10,000
0
10,000
=====

 

          Assets and Liabilities:

                    The Balance Sheet of the Registrant as of September 29, 2000 is as follows:


Nu-Kote Holding, Inc.
Consolidated Balance Sheet
As of September 29, 2000

Cash and Cash Equivalents

$    6,784,194

 

Receivables, Net

11,099,447

 

Accounts Receivable - Pelikan

0

 

Intercompany Accounts Receivable - Trade

184,046,416

 

Inventories, Net

18,406,287

 

Prepaid Expenses

4,088,536

 

Deferred Income Tax Asset - Current

     3,418,773

 

                    Total Current Assets

$ 227,843,653
=========

 

Property, Net

$   13,302,832

 

Investment in Subsidiaries

0

 

Other Assets and Deferred Charges

2,500,000

 

Assets Held for Sale

410,195

 

Intangibles, Net

2,033,665

 

Deferred Income Tax Asset - Long-Term

0

 

Intercompany Accounts Receivable - Long-Term

    14,822,062

 

                    Total Assets

$ 260,912,407
=========

 

Bank Loans and Current Maturities

$              0

 

Accounts Payable - Trade

22,996,539

 

Accounts Payable - Pelikan

0

 

Intercompany Accounts Payable - Trade

14,133,467

 

Compensation Payables

1,873,749

 

Deferred Income Tax Liability - Current

0

 

Other Accrued Liabilities

      9,520,684

 

                    Total Current Liabilities

$   48,524,439
=========

 

Long Term Debt

$   96,190,416

 

Other Noncurrent Liabilities

4,787,900

 

Deferred Income Tax Liability - Long-Term

3,418,773

 

Intercompany Accounts Payable - Long-Term

   115,233,592

 

                    Total Liabilities

$ 268,155,120
=========

 

Capital Stock

$       17,600

 

Paid-In Capital

49,621,099

 

Retained Earnings - Beginning of Year

(57,613,455

)

Net Income - Year-to-Date

732,043

 

Accumulated Translation Adjustment

               0

 

                    Total Equity

$    7,242,713

 

                    Total Liabilities & Equity

$ 260,912,407
=========

 


Item 7.

Financial Statements, Pro forma Financial Information and Exhibits

 

(c)

Exhibits.

 

 

2.1*

Third Amended Plan of Reorganization, dated September 8, 2000, for Nu-kote Holding, Inc., Nu-kote Imperial, Ltd., Nu-kote International, Inc., Nu-kote Imaging International, Inc., International Communication Materials, Inc., Future Graphics, Inc. and Nu-kote Latin America, Inc.

 

 

2.2*

First Modification to Third Amended Plan of Reorganization, dated November 14, 2000, for Nu-kote Holding, Inc., Nu-kote Imperial, Ltd., Nu-kote International, Inc., Nu-kote Imaging International, Inc., International Communication Materials, Inc., Future Graphics, Inc. and Nu-kote Latin America, Inc.

________________________
*          Filed herewith

[SIGNATURE PAGE FOLLOWS]


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.

 

Nu-kote Holding, Inc.

 

 

 

 

 

 

Dated: December 19, 2000

By:

PHILLIP THEODORE
_______________________________

 

 

Phillip Theodore, Senior Vice President, Chief Financial Officer, Treasurer, Assistant Secretary


EXHIBIT INDEX

Exhibit No.

Description

2.1*

Third Amended Plan of Reorganization, dated September 8, 2000, for Nu-kote Holding, Inc., Nu-kote Imperial, Ltd., Nu-kote International, Inc., Nu-kote Imaging International, Inc., International Communication Materials, Inc., Future Graphics, Inc. and Nu-kote Latin America, Inc.

2.2*

First Modification to Third Amended Plan of Reorganization, dated November 14, 2000, for Nu-kote Holding, Inc., Nu-kote Imperial, Ltd., Nu-kote International, Inc., Nu-kote Imaging International, Inc., International Communication Materials, Inc., Future Graphics, Inc. and Nu-kote Latin America, Inc.

___________________
*     Filed herewith


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing    Date    Other Filings
Filed on:12/20/00
12/19/0015-12G
12/8/00
11/30/00
11/14/00
For Period End:9/30/00
9/29/00
9/8/00
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