UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
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 5, 1999
FACTUAL DATA CORP.
(Exact name of registrant as specified in its charter)
Colorado 0-24205 84-1449911
(State or other (Commission File (I.R.S. Employer
jurisdiction of Number) Identification No.)
incorporation or
organization)
5200 Hahns Peak Drive
Fort Collins, Colorado 80538
(Address of principal executive offices)
(970) 663-5700
(Registrant's telephone number, including area code)
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ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
On January 5, 1999, Factual Data Corp. (the "Company") closed its acquisition of
the assets of Oxbow Enterprises, Inc. ("Oxbow") pursuant to an Asset Purchase
Agreement (the "Agreement"). The Company and its franchisees and licensees
provide information services, including mortgage credit reports, to mortgage and
consumer lenders, employment screening services ("EMPfacts") and credit and
tenant screening services ("QUICKpeek Tenant"). Oxbow is headquartered in
Brookfield, Wisconsin and operates in Wisconsin and Illinois.
Pursuant to the Agreement, the Company acquired the assets of Oxbow in exchange
for $300,000 cash (subject to adjustment for receivables, payables and closing
items) and a $170,000 promissory note payable over twenty quarters with interest
at 8% per annum. In connection with the acquisition, the Company obtained three
year non-competition agreements with the owners of Oxbow.
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ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Although the acquisition meets the 10% materiality test for purposes
of Item 2 of this Report, none of the tests in Rule 3-05(b) of
Regulation S-X were exceeded, hence no historical financial
statements of the business acquired are included herein.
(b) None of the tests set forth in Rule 11-01(b) of Regulation S-X were
exceeded, hence no pro forma financial statement information is
included herein.
(c) Exhibits.
2.1* Asset Purchase Agreement between Factual Data Corp.
and Oxbow Enterprises, Inc. dated January 4, 1999.
* Previously filed on Form 8-K dated January 6, 1999.
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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.
FACTUAL DATA CORP.
Date: January 13, 1999 By: /s/Jerald H. Donnan
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Jerald H. Donnan,
Chief Executive Officer
