================================================================================
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: June 24, 1998
(Date of earliest event reported)
SPURLOCK INDUSTRIES, INC.
(Exact Name of Registrant as Specified in its Charter)
Virginia 000-21133 84-1019856
(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
209 West Main Street 23890
Waverly, Virginia (Zip Code)
(Address of Principal Executive Offices)
Registrant's telephone number, including area code:
(804) 834-8980
================================================================================
<PAGE>
Item 5. Other Events.
The press release issued by the Registrant on June 24, 1998 and
attached hereto as Exhibit 99 is incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits.
99 Press release issued by the Registrant on June 24, 1998.
-2-
<PAGE>
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.
SPURLOCK INDUSTRIES, INC.
(Registrant)
Date: June 25, 1998 By: /s/ Phillip S. Sumpter
-------------------------------
Phillip S. Sumpter
Chairman and Chief Executive Officer
<PAGE>
Exhibit Index
Number Document
- ------ --------
99 Press release issued by the Registrant on June 24, 1998.
<PAGE>
Exhibit 99
SPURLOCK INDUSTRIES, INC.
P.O. BOX 8
WAVERLY, VIRGINIA 23890
Wednesday, June 24, 1998 CONTACT: Phillip S. Sumpter
FOR IMMEDIATE RELEASE (804) 834-8980
SPURLOCK INDUSTRIES, INC. ANNOUNCES
ACQUISITION DISCUSSIONS
WAVERLY, VIRGINIA - Spurlock Industries, Inc. announced today that it
has received inquiries from several unaffiliated companies regarding possible
acquisitions of its business operations. Accordingly, the Company is currently
engaged in preliminary discussions with such parties. To assist in exploring
these and other potential business opportunities, the Company engaged Davenport
& Company LLC, a Richmond, Virginia based investment banking firm, as its
financial advisor.
In connection with these developments, Phillip S. Sumpter, Chief
Executive Officer, stated: "Although I am optimistic about the current business
prospects for the Company given favorable first quarter operating results and
the long term potential of our New York facility, we are nonetheless pleased at
the interest recently shown Spurlock. The Company's Board of Directors intends
to carefully evaluate such strategic opportunities in order to maximize
shareholder value."
Spurlock Industries, Inc., through its wholly owned subsidiary,
Spurlock Adhesives, Inc., currently develops, manufactures and markets specialty
thermosetting resins and formaldehyde for the forest products, building products
and furniture industries at two facilities, one in Waverly Virginia and the
other in Malvern, Arkansas. A new manufacturing facility located in Moreau, New
York is scheduled to enter into production in July 1998.
The Company's common stock is traded in the over-the-counter market on
the Nasdaq Bulletin Board under the symbol "SKII."
####
