SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A-1
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) April 30, 1996
LAWSON PRODUCTS, INC.
(Exact name of registrant as specified in charter)
Delaware 0-10546 36-2229304
(State of other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1666 East Touhy Avenue, Des Plaines, Illinois 60018
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (847) 827-9666
Not Applicable
(Former name or former address, if changed since last report)
Item 2. Acquisition or Disposition of Assets.
The acquisition previously reported under this Item is now reported
under Item 5.
Item 5. Other Events
On April 30, 1996, Assembly Component Systems, Inc. ("ACS"), a wholly-owned
subsidiary of the Registrant, acquired substantially all of the assets of
Automatic Screw Machine Products Company ("Seller"). The acquisition was made
pursuant to an Asset Purchase Agreement (the "Purchase Agreement"), dated
April 30, 1996, among ACS, Seller, David E. Norman and James C. Norman. The
aggregate purchase price (the "Purchase Price") for the Purchased Assets, which
was determined on the basis of arm's-length negotiations, consisted of (i) cash
in the amount of $10.4 million, and (ii) assumption of approximately $2.5
million of trade payables.
The source of the cash paid at closing was the Registrant's working
capital.
Seller is in the business of manufacturing and distributing production
components, including machined-from-bar and other screw machine products. The
Registrant intends to continue the business activities of Seller.
Prior to the acquisition there were no material relationships between
Seller and the Registrant or Registrant's affiliates, directors or officers or
any associate of any director or officer of the Registrant.
The foregoing description of the Registrant's acquisition of the assets of
Seller is qualified in its entirety by reference to the Purchase Agreement which
is filed as an Exhibit to this Report.
Item 7. Financial Statements and Exhibits.
(a) None.
(b) None.
(c) Exhibits.
Exhibit No. Description of Document
(2)(a) Purchase Agreement dated April 30, 1996 among Assembly
Component Systems, Inc., Automatic Screw Machine
Products Company, David E. Norman and James C. Norman
(together with a list briefly identifying the contents
of all omitted exhibits, schedules and appendices
thereto) is incorporated herein by reference to
Exhibit 2(a) to Registrant's Form 8-K dated April 30,
1996, of which this Amendment No. 1 on Form 8-K/A
forms a part. The Registrant agrees to provide copies
of such exhibits, schedules and appendices to the
Commission upon request.*
________________
*Previously Filed
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Amendment to Current Report on Form 8-K to be
signed on its behalf by the undersigned hereunto duly authorized.
LAWSON PRODUCTS, INC.
Date: July 18, 1996 By: /s/ Joseph L. Pawlick
Joseph L. Pawlick