UNITED STATES
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 (date of earliest event reported): September 5, 2000
FACTUAL DATA CORP.
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(Exact name of registrant as specified in its charter)
Colorado 0-24205 84-1449911
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(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification No.)
5200 Hahns Peak Drive
Fort Collins, Colorado 80538
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(Address of principal executive offices)
(970) 663-5700
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(Registrant's telephone number, including area code)
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ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
On September 5, 2000, Factual Data Corp. (the "Company") closed its
acquisition of the assets of C.B. Unlimited, Inc. ("Seller"), a former
franchisee of the Company, pursuant to an Asset Purchase Agreement
("Agreement"). The Company and its franchisees and licensees provide information
services, including mortgage credit reports, to mortgage and consumer lenders,
employment screening services and credit and tenant screening services. The
Seller operated primarily in the States of Indiana and Pennsylvania.
Pursuant to the Agreement, the Company acquired the assets of the
Seller and obtained non-competition agreements with the Seller and its
shareholder. The total consideration paid to the Seller was $1,125,000 in the
form of $1,000,000 cash and a $125,000 promissory note with interest at 9% per
annum.
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ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) The acquisition does not meet the 10% materiality test for purposes of
Item 2 of this Report and 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 Seller dated as
of September 5, 2000.
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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: September 12, 2000 By: /s/ Todd A. Neiberger
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Todd A. Neiberger
Chief Financial Officer
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