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):
February 18, 1998 (February 3, 1998)
IRON MOUNTAIN INCORPORATED
--------------------------
(Exact Name of Registrant as Specified in its Charter)
Delaware
--------
(State or Other Jurisdiction of Incorporation or Organization)
0-27584 04-3107342
------- ----------
(Commission file number) (I.R.S. Employer Identification No.)
745 Atlantic Avenue, Boston, MA 02111
-------------------------------------
(Address of Principal Executive Offices, Including Zip Code)
(617) 357-4455
--------------
(Registrant's Telephone Number, Including Area Code)
<PAGE>
Item 2. Acquisition or Disposition of Assets
On February 3, 1998, Iron Mountain Records Management, Inc. ("IMRM"), a wholly
owned subsidiary of Iron Mountain Incorporated (the "Registrant"), purchased
certain assets and assumed certain liabilities of Sloan Vaults, Incorporated
("Sloan") for $4.3 million in cash pursuant to an Asset Purchase and Sale
Agreement dated December 3, 1997 among IMRM, Sloan, and all of the stockholders
of Sloan.
The funds used for the consideration were comprised primarily of borrowings
under the Registrant's $250 million revolving credit facility dated September
29, 1997, as amended, among the Registrant, various financial institutions and
The Chase Manhattan Bank, as administrative agent for such lenders.
The assets acquired by the Registrant include primarily office equipment,
furniture and fixtures, motor vehicles, racking and shelving and intangible
personal property regularly used in Sloan's records management business. The
Registrant intends to use the acquired assets in the operation of its records
management business.
Item 7. Financial Statements and Exhibits
(a) In accordance with Item 7(a)(4) of Form 8-K, the required financial
statements will be filed, by amendment to this Form 8-K, on or before April
19, 1998.
(b) See preceding response.
<PAGE>
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.
IRON MOUNTAIN INCORPORATED
--------------------------
(Registrant)
February 18, 1998 By: /s/ Jean A. Bua
- ----------------- ---------------------------------------
(date) Jean A. Bua
Vice President and Corporate Controller
(Principal Accounting Officer)
