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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: May 10, 1999
(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.)
125 Bank Street 23890
Waverly, Virginia (Zip Code)
(Address of Principal Executive Offices)
Registrant's telephone number, including area code:
(804) 834-8980
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Item 5. Other Events.
The press release issued by the Registrant on May 10, 1999 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 May 10, 1999.
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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: May 10, 1999 By: /s/ Phillip S. Sumpter
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Phillip S. Sumpter
Chairman and Chief Executive Officer
Exhibit 99
SPURLOCK INDUSTRIES, INC.
125 BANK STREET
WAVERLY, VIRGINIA 23890
Monday, May 10, 1999 CONTACT: Phillip S. Sumpter
FOR IMMEDIATE RELEASE (804) 834-8980
RICHMOND, VIRGINIA, May 10--Shareholders of Spurlock Industries, Inc.
today approved the previously announced merger of SII Acquisition Company with
and into Spurlock Industries, Inc. As a result of this merger, Spurlock
Industries, Inc. will become a wholly-owned subsidiary of Borden Chemical, Inc.
Approximately 68.3% of the outstanding shares of Spurlock Industries, Inc. were
voted in favor of the merger. Each outstanding Spurlock common share will be
converted, upon completion of the merger, into the right to receive $3.40 in
cash, without interest, subject to possible downward adjustments for certain
contingencies. Trading of Spurlock Industries, Inc.'s common stock on the NASD's
over-the-counter bulletin board is expected to be terminated upon completion of
the merger. The merger is expected to occur on May 12, 1999.
Spurlock, which produces formaldehyde and resins, will be a
wholly-owned subsidiary of Borden Chemical, Inc. which is a subsidiary of
privately held Borden, Inc. Borden Chemical, Inc. is a leading global source for
formaldehyde, resins, melamine, adhesives, coating and other specialty chemicals
serving a broad range of markets including the forest products, foundry,
automotive, construction, composites, electronics and oilfield industries.
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