8-K, 1998-08-03
Previous: INTEL CORP, SC 13D, 1998-08-03
Next: IDS SELECTIVE FUND INC, 497J, 1998-08-03

                             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): July 20, 1998


                          AMERICAN BANKNOTE CORPORATION
             (Exact name of registrant as specified in its charter)

            DELAWARE                       1-3410                 13-0460520
(State or other jurisdiction of   (Commission file number)     (I.R.S. employer
 incorporation or organization)                              identification no.)

      200 PARK AVENUE, NEW YORK, NEW YORK                         10166-4999
    (Address of principal executive offices)                      (Zip code)




             On July 20, 1998,  American Bank Note Holographics,  Inc. ("ABNH"),
until then a wholly owned subsidiary of American Banknote  Corporation  ("ABN"),
consummated the initial public offering (the "Offering") of 13,636,000 shares of
ABNH common  stock (the "ABNH  Common  Stock") at a price to the public of $8.50
per share.  All of such shares of ABNH Common Stock were offered and sold to the
public by ABN, which received net proceeds from such sale of approximately  $107
million. Upon consummation of the Offering, ABNH became a public company, listed
on the New York Stock Exchange, and ABN no longer owns any ABNH Common Stock.

             The ABNH  Common  Stock  was  offered  and sold to the  public in a
registered   public  offering   underwritten  by  underwriters   represented  by
NationsBanc  Montgomery Securities LLC, Lazard Freres & Co. LLC, Raymond James &
Associated,  Inc. and Smith Barney Inc. The initial  public  offering  price was
determined by negotiations among ABN, ABNH and such representatives.

             ABN anticipates  applying  substantially all of the net proceeds to
ABN from the sale of ABNH Common Stock in the Offering to repay  indebtedness on
ABN's 10-3/8% Senior Notes due 2002 and for general corporate purposes.

             On July 14, 1998, the date of pricing of the Offering,  ABNH issued
the press release attached hereto as Exhibit 1.


(b) Pro Forma Financial Information.

             The pro forma  financial  information  contemplated  by this  item,
reflecting  consummation of the Offering, is not included in this initial report
on Form 8-K. Such  information  will be filed by amendment  within 60 days after
the date hereof.

(c) Exhibits

            99.1. Press Release issued by ABNH on July 14, 1998.



             Pursuant to the  requirements  of the  Securities  Exchange  Act of
1934, American Banknote  Corporation has duly caused this report to be signed on
its behalf by the undersigned thereunto duly authorized.

                                                  AMERICAN BANKNOTE CORPORATION

Date:          August 3, 1998                     By: /s/ HARVEY J.  KESNER
                                                  Harvey J. Kesner
                                                  Executive Vice President

                              FOR IMMEDIATE RELEASE

                             INITIAL PUBLIC OFFERING

ELMSFORD, NY - July 14, 1998 - American Bank Note Holographics,  Inc. (NYSE:ABH)
today  announced  the  completion of its initial  public  offering of 13,636,000
shares of its  common  stock at a price of $8.50 per share.  Effective  July 15,
1998,  American Bank Note  Holographics  common stock will trade on the New York
Stock Exchange under the symbol, "ABH".

Prior to this offering,  the Company was a  wholly-owned  subsidiary of American
Banknote Corporation [NYSE:ABN].  The parent will not retain any common stock in
the  Company  and  will  receive  all  of  the  net  proceeds  of  the  IPO,  of
approximately $107 million.

NationsBanc Montgomery Securities LLC was the lead underwriter for the offering,
and Lazard Freres & Co. LLC, Raymond James & Associates, Inc., and Salomon Smith
Barney  served as  co-managers.  The Company has granted to the  underwriters  a
30-day option to purchase up to an additional  2,045,400 shares of the Company's
common  stock,  to cover  over-allotments,  if any.  Net proceeds to ABH, if the
entire over-allotment option is exercised, would be approximately $15.5 million.

According to Morris Weissman, Chairman of both American Banknote Corporation and
American Bank Note Holographics, "This IPO is a win-win for both companies. With
the IPO proceeds,  ABN is in a vastly improved financial condition.  ABH can now
concentrate on continuing the profitable growth of its core security  holography
business as well as explore business and market expansion opportunities."

American Bank Note  Holographics  ("ABH") is a world leader in the  origination,
production,  and  marketing  of  mass-produced  secure  holograms,  based on its
significant  market  share.  The  Company's  holograms  are  used  for  security
applications, such as counterfeiting protection for credit and other transaction
cards,  identification  cards  and  documents  of value,  as well as for  tamper
resistance and authentication of high-value consumer and industrial products.

This communication  shall not constitute an offer to sell or the solicitation of
an offer to buy, nor shall there be any sale of these securities in any state in
which  such  offer,  solicitation  or  sale  would  be  unlawful  prior  to  the
registration or qualification under the securities laws of any such states.

                                 #### #### ####


ABH                                     -OR-         INVESTOR RELATIONS
Joshua C. Cantor, President                          The Equity Group Inc.
(914) 592-2355                                       Loren Goldstein  (212)
836-9604                                         Linda Latman (212) 836-9609

Top Judgements:
Saskatoon Co-operative Association Limited v United Food and Commercial Workers | Aug 15, 2022
Old Lakeshore Inc. v City of Burlington | Sep 2, 2022
Tietz v. Affinor Growers Inc. | Sep 13, 2022
Efficiencyone (E1) | Sep 6, 2022
President's Choice Bank v. The Queen | Jul 19, 2022
First Global Data Ltd | Sep 15, 2022
Rayonier v Unifor, Locals 256 and 89 | Aug 11, 2022
Alberta Workers’ Compensation Appeals Commission | Decision No. 2021-0334 | Jul 14, 2022
Metrowest Developments Ltd v Flynn Canada Ltd | Sep 14, 2022
R. v. Cameron | Jul 15, 2022
Functional Servicing and Stormwater Management | Jul 28, 2022
101034761 Saskatchewan Ltd. v Mossing | Aug 24, 2022
Waste Control Services Inc. v International Union of Operating Engineers, Local No. 115 | Aug 12, 2022
RJM56 Holdings Inc. c. Bazinet | Aug 17, 2022
Sherwood v The Owners, Strata Plan VIS 1549 | Aug 9, 2022
WCAT Decision A2001487 | Aug 8, 2022
City of Hamilton v Ontario Water Employees’ Association | Sep 12, 2022
Century Services Corp. v. LeRoy | Jul 8, 2022
United Food and Commercial Workers, Local 175 v Metro Ontario Inc. | Jul 4, 2022
Langmaid’s Island Corporation v Lake of Bays | Sep 12, 2022
WCAT Decision A2102416 | Jul 22, 2022
Inquiry about McAbee Fossil beds | Jul 14, 2022
1088558 Ontario Inc. v. Musial | Sep 16, 2022
Biogen Canada Inc. v. Pharmascience Inc. | Aug 8, 2022
CIC Management Services Inc. v City of Toronto | Jul 21, 2022
Bonterra Energy Corp v Rosells’ Enterprises Ltd | Aug 31, 2022
WCAT Decision A2100606 | Aug 17, 2022
Leffler v Aaron Behiel Legal Professional Corporation | Jun 30, 2022
Espartel Investments v. MTCC No. 993 | Aug 19, 2022
Onespace Unlimited Inc. v. Plus Development Group Corp. | Sep 19, 2022
Professional Institute of the Public Service of Canada v. Canada Revenue Agency | Jun 23, 2022
Community Savings Credit Union v. Bodnar | Jul 29, 2022
Galperti SRL v F.I.A.L. Finanziaria Industrie Alto Lario S.P.A | Jun 30, 2022
WCAT Decision A2102352 | Jul 6, 2022
WCAT Decision A2102306 | Jul 25, 2022
Thrive Capital Management Ltd. v. Noble 1324 Queen Inc. | Jul 12, 2022
Questor Technology Inc v Stagg | Sep 8, 2022
MediPharm v. Hexo and Hwang | Jul 25, 2022
Immunization rates & vaccine hesitancy | Aug 17, 2022
Morabito v. British Columbia Securities Commission | Aug 12, 2022
Killeleagh v Mountain View County (Development Authority) | Aug 24, 2022
Quality Control Council v Stanley Inspection Canada Ltd. | Sep 9, 2022
British Columbia Investment Management Corporation | Aug 17, 2022
Abbeylawn Manor Living Inc. v Sevice Employees International Union, Local 1 Canada | Jul 5, 2022
Windrift Adventures Inc. et al. v. Chief Animal Welfare Inspector | Aug 18, 2022
Irani and Khan v. Registrar, Motor Vehicle Dealers Act | Jul 14, 2022
CP REIT Ontario Properties Limited v City of Toronto | Aug 12, 2022
Potash Corporation of Saskatchewan Inc. v. The Queen | Jul 7, 2022
Wong v. Pretium Resources Inc. | Jul 22, 2022
Labourers' International Union of North America, Local 183, Union v Mulmer Services Ltd. | Aug 5, 2022
City of Mississauga v. Hung | Sep 22, 2022
Secretary of the Ministry of Health v The New South Wales Nurses and Midwives' Association (28 September 2022)
Orewa Community Church v Minister for Covid-19 Response (16 August 2022)
Yeshiva College Bondi Limited v NSW Education Standards Authority (15 August 2022)
Moreland Planning Scheme Amendment C208more | Heritage Nominations Study | Panel Report | 15 July 2022
New Zealand Tegel Growers Association Incorporated | 2 August 2022
Farrow-Smith and Comcare (Compensation) | 26 September 2022
Evolution Fleet Services Pty Ltd v Allroads Plant Pty Ltd | 14 September 2022
656621 B.C. Ltd. v David Moerman Painting Ltd. | Sep 27, 2022
Fraser Valley Packers Inc. v Raiwal Holdings Ltd | Sep 26, 2022
Parmar v Tribe Management Inc. | Sep 26, 2022
DES Studio inc. c. Shuchat | Sep 26, 2022
Van-Kam Freightways Ltd. v Teamsters Local Union No. 31 | Sep 28, 2022
Rogers Communication Inc. v British Columbia | Sep 28, 2022
Alderbridge Way GP Ltd. | Sep 28, 2022

© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission