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) September 5,
1995 (August 31, 1995)
BIG O TIRES, INC.
(Exact name of registrant as specified in its charter)
NEVADA 1-8833 87-0392481
(State or other juris- (Commission (I.R.S. Employer
diction of incorporation) File No.) Identification No.)
11755 EAST PEAKVIEW AVENUE, ENGLEWOOD, COLORADO 80111
(Address of principal executive offices) (Zip Code)
Registrant's telephone number including area code: (303) 790-2800
3 Total Pages
ITEM 5. OTHER EVENTS.
On August 31, 1995, the Company agreed to a request made by the group
that plans to acquire the Company (the "Acquisition Group") to extend
until October 2, 1995, the date on which the Company or the Acquisition
Group may terminate the Agreement and Plan of Merger dated July 24,
1995, if prior to October 2, 1995, the Acquisition Group has not
satisfied or waived the contingency in the Agreement and Plan of Merger
that requires participation in the Acquisition Group by the Company's
dealers owning not less than 85% of the franchised Big O Tire stores
("Dealer Participation Contingency"). As a part of the agreement, the
Acquisition Group agreed that the Company can delay incurring additional
expenditures with respect to its proxy statement until the Company has
been advised that the Dealer Participation Contingency has been
satisfied or waived, and the Company is satisfied that a fairness
opinion will be received by the participants in the Company's Employee
Stock Ownership Plan in connection with the proposed merger.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(10.1) Letter Agreement dated August 31, 1995, by and among Big O
Tires, Inc., BOTI Acquisition Corp., and BOTI Holdings, Inc.
SIGNATURES
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:
Date: September 5, 1995
BIG O TIRES, INC.
By: /s/ Philip J. Teigen
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General Counsel and Secretary
August 31, 1995
BOTI Acquisition Corp.
BOTI Holdings, Inc.
11755 East Peakview Avenue
Englewood, Colorado 80111
ATTENTION: Steven P. Cloward
Gentlemen:
We refer to the Merger Agreement dated as of July 24, 1995, between
you and the undersigned. You have requested that the date of September
1, 1995, in Section 7.1(f) of the Merger Agreement, be changed to
October 2, 1995.
The Investment Committee and the Board of Directors of the Company,
on behalf of the Company, have approved that request on the condition
that you agree that the Company will delay incurring additional
expenditures with respect to its proxy statement until the Company has
been advised that you have satisfied or waived the condition in Section
6.2(h) and the Company is satisfied that the fairness opinion specified
in Section 6.1(g) will be received. Such delay shall be considered to
be consistent with our responsibilities under Section 1.8 and Section
5.1 of the Merger Agreement.
Please sign your acceptance below.
Yours very truly,
BIG O TIRES, INC.
By /s/ John E. Siipola
-------------------
John E. Siipola, Chairman
ACCEPTED:
BOTI Acquisition Corp. BOTI Holdings, Inc.
By /s/ Steven P. Cloward By /s/ Steven P. Cloward
--------------------- ---------------------
Steven P. Cloward, President Steven P. Cloward, President
