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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
__________________
FORM 8-K
CURRENT REPORT PURSUANT TO
SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report:
December 13, 2000
Beasley Broadcast Group, Inc.
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(Exact Name of Registrant as
Specified in Charter)
0-29253
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(Commission File No.)
65-0960915
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(IRS Employer
Identification No.)
Delaware
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(State or Other Jurisdiction
of Incorporation)
3033 Riviera Drive, Suite 200
Naples, Florida 34103
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(Address of Principal
Executive Offices)
(941) 263-5000
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(Registrant's telephone
number, including area code)
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ITEM 5. OTHER EVENTS
On December 13, 2000, Beasley FM Acquisition Corp., an indirect wholly-
owned subsidiary of Beasley Broadcast Group, Inc. entered into an amendment to
the original agreement to acquire all of the outstanding common stock of
Centennial Broadcasting Nevada, Inc. and all of the membership interests in
Centennial Broadcasting, LLC for a revised aggregate purchase price, subject to
certain adjustments, of approximately $113.5 million. The original purchase
price, subject to certain adjustments, was approximately $137.5 million.
Centennial Broadcasting Nevada, Inc. owns approximately 18.5% of the membership
interests in Centennial Broadcasting, LLC. Centennial Broadcasting, LLC owns the
radio stations KJUL-FM, KSTJ-FM and KKLZ-FM in Las Vegas, Nevada and WBYU-AM,
WRNO-FM and KMEZ-FM in New Orleans, Louisiana. Beasley Broadcast Group, Inc.
expects to finance this acquisition through its credit facility.
The summary of the transaction described above is qualified by reference to
the Equity Interest Purchase Agreement and the First Amendment to the Equity
Interest Purchase Agreement, copies of which are exhibits hereto or incorporated
by reference.
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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.
Beasley Broadcast Group, Inc.
By: /s/ George G. Beasley
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Name: George G. Beasley
Title: Chairman of the Board and Chief Executive Officer
By: /s/ Caroline Beasley
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Name: Caroline Beasley
Title: Vice President, Chief Financial Officer, Secretary,
Treasurer and Director
Date: December 13, 2000
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EXHIBIT INDEX
2.1* Equity Interest Purchase Agreement of Centennial Broadcasting Nevada, Inc.
and Centennial Broadcasting, LLC, dated June 2, 2000.
2.2 First Amendment to Equity Interest Purchase Agreement of Centennial
Broadcasting Nevada, Inc. and Centennial Broadcasting, LLC, dated December
13, 2000.
99.1 Press Release for Equity Interest Purchase Agreement.
* Incorporated by reference to Beasley Broadcast Group, Inc.'s Current Report
on Form 8-K dated June 2, 2000
