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: March 9, 1998
SAVOIR TECHNOLOGY GROUP, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-11560 94-2414428
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification Number)
254 East Hacienda Avenue, Campbell, CA 95008
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(Address of principal executive offices) (Zip Code)
(408) 379-0177
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(Registrant's telephone number,
including area code)
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Item 5. Other Events.
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On March 9, 1998, Savoir Technology Group, Inc. issued the press
release attached hereto as Exhibit 99.1 and incorporated by reference herein.
Item 7. Financial Statements and Exhibits.
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(c) Exhibits.
99.1 Press Release.
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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 hereunto duly authorized.
Dated: March 9, 1998.
SAVOIR TECHNOLOGY GROUP, INC.
By /s/ James W. Dorst
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James W. Dorst
Chief Financial Officer
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<PAGE>
EXHIBIT INDEX
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Exhibit No. Description
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99.1 Press Release.
[SAVOIR TECHNOLOGY GROUP LOGO] PRESS RELEASE
For more information contact:
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P. Scott Munro James W. Dorst
Chairman and CEO Chief Financial Officer
Savoir Technology Group, Inc. Savoir Technology Group, Inc.
408-341-4767 408-341-4745
[email protected] [email protected]
Sandra M. Salah
Vice President, Corporate Relations
Savoir Technology Group, Inc.
408-341-4712
[email protected]
SAVOIR TECHNOLOGY GROUP ANNOUNCES
PROPOSED COMMON STOCK OFFERING
Campbell, California, March 9, 1998 -- Savoir Technology Group, Inc. (Nasdaq
National Market - SVTG), a leading midrange computer systems distributor,
announced today that it plans to offer approximately 3,500,000 common shares in
order to raise proceeds to be used for repayment of subordinated debt, a credit
advance, payments to certain selling stockholders in connection with a prior
acquisition, and general working capital. The Company plans to file a
registration statement with the SEC before the end of March 1998.
This press release does not constitute an offer to sell or the solicitation of
an offer to buy any security, which may be made only by prospectus, and shall
not constitute an offer, solicitation or sale of any securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful.
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Savoir Technology Group and the Savoir Technology Group logo are trademarks
of Savoir Technology Group, Inc.
