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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 (Date of earliest event reported) January 27, 2000
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Alvey Systems, Inc.
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(Exact name of registrant as specified in charter)
Delaware 333-2600 43-0157210
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(State or other jurisdiction (Commission file number) (IRS employer
of incorporation) identification no.)
9301 Olive Boulevard, St. Louis, Missouri 63132
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code (314) 993-4700
Not applicable
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(Former name or former address, if changed since last report)
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ITEM 1. CHANGE IN CONTROL OF REGISTRANT.
On January 27, 2000, FKI plc, a UK public company, acquired all of the
capital stock of Pinnacle Automation, Inc., a Delaware corporation
("Pinnacle"), by means of a merger of a newly formed subsidiary of FKI plc
with and into Pinnacle. Pinnacle is the sole shareholder of Alvey Systems,
Inc. The former shareholders of Pinnacle received in exchange for their
Pinnacle shares approximately $368 million in cash. The acquisition was
funded primarily through borrowings by FKI plc from bank syndicates led by
Barclays Bank PLC.
ITEM 5. OTHER EVENTS.
On January 27, 2000, Alvey Systems, Inc. gave notice to holders of its
11 3/8% Senior Subordinated Notes Due 2003 of its election to redeem the
notes on February 28, 2000. The total redemption price, including
outstanding principal, accrued interest and redemption premium, is
$74,578,437.50.
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 hereunto duly authorized.
ALVEY SYSTEMS, INC.
Date: February 11, 2000 By /s/ James A. Sharp
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James A. Sharp
Secretary and Senior Vice President
Chief Financial Officer
(Principal Financial and Accounting Officer)
