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
Commission file number: 0-3947
April 30, 1998
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Date of Report (Date of earliest event reported)
Hach Company
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(Exact name of registrant as specified in its charter)
Delaware 42-0704420
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
5600 Lindbergh Drive, Loveland, Colorado 80537
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(Address of principal executive offices) (Zip code)
970-669-3050
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(Registrant's telephone number, including area code)
Item 2. Acquisition or Disposition of Assets
Hach Company ("Hach") announced today it completed the acquisition of
privately held Environmental Test Systems Inc. ("ETS"). Hach acquired ETS by
means of a merger of ETS into a wholly-owned subsidiary of Hach. Under the terms
of the transaction, Hach distribute an aggregate of Sixteen Million Dollars
($16,000,000) in cash, Hach Class A Common stock and Hach Common Stock to the
holders of ETS capital stock. The acquisition will be accounted for as a
purchase under generally accepted accounting principles. In conjunction with the
purchase the Company will take a one-time charge in the fourth quarter of fiscal
year 1998 of approximately $3,000,000 for in-process research and development
activities of ETS. The Company also stated Mark J. Stephenson, President of ETS,
will continue in that position. In addition, Mr. Stephenson has been elected
Vice President of Marketing Services for Hach Company.
Additional information regarding the acquisition, including financial
statements of ETS, proforma financial information and exhibits, has been
previously provided by Hach in a Registration Statement on Form S-4, File No.
333-48729, filed with the Commission on March 26, 1998.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934,
the registrant has duly caused this Current Report of Form 8-K to be signed on
its behalf by the undersigned hereunto duly authorized.
HACH COMPANY
Date: May 14, 1998 By: /s/ Bruce J. Hach
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Bruce J. Hach, President
