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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): July 24, 2000
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INDUSTRIAL DISTRIBUTION GROUP, INC.
(Exact name of Registrant as Specified in its Charter)
Delaware |
001-13195 |
58-2299339 |
(State or other Jurisdiction of Incorporation or Organization) |
(Commission File |
(IRS Employer |
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950 E. Paces Ferry Road |
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(Address of principal executive offices) |
(Zip code) |
Registrant's telephone number, including area code: (404) 949-2100
Not Applicable
(Former name or former address, if changed since last report)
Item 5. Other Events.
On July 24, 2000, Industrial Distribution Group, Inc. ("IDG") repurchased 442,498 shares of its common stock from Douglass C. Smith (a co-founder and former President, Chief Operating Officer, and Director of IDG) and certain of Mr. Smith' family members, at a purchase price of $2.50 per share, for an aggregate purchase price of $1,106,245. The transaction was completed in response to Mr. Smith's unsolicited request for such a repurchase.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
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INDUSTRIAL DISTRIBUTION GROUP, INC. |
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By:____________________________________ |
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Jack P. Healey |
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Senior Vice President and |
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Chief Financial Officer |
Dated: July ___, 2000
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