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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): June 23, 1995
TOM BROWN, INC.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
0-3880 95-1949781
(Commission file number) (IRS employer identification number)
508 West Wall, Suite 500, Midland, Texas 79701
(Address of principal executive offices) (Zip Code)
(915) 682-9715
(Registrant's telephone number including area code)
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS. On June 23, 1995, the Registrant issued the following
press release:
TOM BROWN, INC.
TOM BROWN, INC. TO PURCHASE PRESIDIO GAS INDEXED NOTES
June 23, 1995, Midland, Texas . . . Tom Brown, Inc. (NASDAQ: TMBR)
today announced that it has agreed to purchase $54 million principal amount of
the $100 million principal amount outstanding of the Senior Gas Indexed Notes
due 2002 ("GINs") of Presidio Oil Company for an aggregate purchase price of
$50 million, including accrued interest. The purchase is expected to close on
or about June 28, 1995 and to be funded through a commercial bank loan.
Mr. Donald L. Evans, Chairman of the Board, President and Chief
Executive Officer of Tom Brown said that: "We continue to be interested in a
business combination with Presidio and we view the purchase of these securities
as a good investment. We are currently discussing with Presidio arrangements
for prompt commencement of due diligence with respect to Presidio and the
values of its assets."
Tom Brown, Inc. is engaged in the exploration for and the
acquisition, development, production and sale of, natural gas and oil. Tom
Brown's assets are principally located in the Rocky Mountains, mid-Continent
and Permian Basins. At March 31, 1995, the Company had no debt and cash of
$14.5 million. Its stock is traded in the over-the-counter market and appears
on the NASD National Market System under the symbol "TMBR".
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SIGNATURE
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 thereunto duly authorized.
Dated: June 27, 1995
TOM BROWN, INC.
By: /s/ PETER R. SCHERER
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Peter R. Scherer,
Executive Vice President
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