-----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, QK2PoUEB8TjtXbDjR5AdXp2fhRplNuGcTpWfBZimfkWozmBe93kjqDNFkgPrQ0cc Q/xE2sDdQfV5bycUkrTh4A== 0000949091-97-000019.txt : 19970918 0000949091-97-000019.hdr.sgml : 19970918 ACCESSION NUMBER: 0000949091-97-000019 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19970829 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19970915 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: SMART CHOICE AUTOMOTIVE GROUP INC CENTRAL INDEX KEY: 0000949091 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-CATALOG & MAIL-ORDER HOUSES [5961] IRS NUMBER: 591469577 STATE OF INCORPORATION: FL FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-14082 FILM NUMBER: 97680641 BUSINESS ADDRESS: STREET 1: 5200 S WASHINGTON AVE CITY: TITUSVILLE STATE: FL ZIP: 32780 BUSINESS PHONE: 4072699680 MAIL ADDRESS: STREET 1: PO BOX 5637 CITY: TITUSVILLE STATE: FL ZIP: 32783 FORMER COMPANY: FORMER CONFORMED NAME: ECKLER INDUSTRIES INC DATE OF NAME CHANGE: 19950912 8-K 1 FORM 8-K 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: August 29, 1997 (Date of earliest event reported) -------------------------------- SMART CHOICE AUTOMOTIVE GROUP, INC. (Exact name of registrant as specified in its charter) -------------------------------- Florida 1-14082 59-1469577 (State or other jurisdiction of (Commission File Number) (IRS Employer Incorporation or organization) Identification No.) 5200 South Washington Avenue, Titusville, Florida 32780 (Address of principal executive offices, zip code) (407) 269-9680 (Registrant's telephone number, including area code) Item 2. Acquisition or Disposition of Assets. On August 29, 1997, Smart Choice Automotive Group, Inc. (the "Registrant") purchased the stock of B&B Enterprises, Inc. ("B&B"). B&B operates a retail automobile dealership located in Stuart, Florida for Nissan automobiles and other consumer vehicles. The business is being operated by First Choice Stuart 1, a 100% owned subsidiary of the Registrant. As consideration for the stock acquired, the Registrant issued the sellers 86,546 shares of the Registrant's Common Stock. Previously, in order to provide funds required by B&B to meet its past due and ongoing obligations, the Registrant entered into a line of credit agreement. At the date of closing, the Registrant had advanced approximately $2,415,000 to B&B under the line of credit agreement. The amount of consideration paid by the Registrant for the stock of the Sellers was determined through arms' length negotiations between representatives of the Registrant and the Sellers. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. (a) Financial Statements of the acquired business will be provided within the next sixty (60) days as an amendment to this filing (b) Pro Forma Financial Information. The unaudited pro forma condensed consolidated balance sheet and income statement of the Registrant, will be provided within the next sixty (60) days as an amendment to this filing. SIGNATURES Pursuant to the requirement 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. SMART CHOICE AUTOMOTIVE GROUP, INC. (Registrant) Date: September 15, 1997 By: /s/ Gary R. Smith Gary R. Smith President and Chief Executive Officer -----END PRIVACY-ENHANCED MESSAGE-----