MERISEL INC /DE/
8-K, 1997-07-16
COMPUTERS & PERIPHERAL EQUIPMENT & SOFTWARE
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<PAGE>
 
 
                       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) JULY 16, 1997
                                                          ------------- 
 
                                 MERISEL, INC.
                                 -------------
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
 

           DELAWARE                0-17156             95-4172359
 (STATE OR OTHER JURISDICTION    (COMMISSION        (I.R.S. EMPLOYER
     OF INCORPORATION OR         FILE NUMBER)      IDENTIFICATION NO.)     
         ORGANIZATION)

 
         200 CONTINENTAL BOULEVARD,               90245-0948  
           EL SEGUNDO, CALIFORNIA                 (ZIP CODE)                  
  (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)                      
 
 
       REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE (310) 615-3080
                                                          --------------

<PAGE>
 
ITEM 5. OTHER EVENTS
 
  On July 16, 1997, Merisel, Inc. issued the press release attached hereto as
Exhibit 99.1.
 
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
 
  (c) Exhibits
 
     99.1 Press release dated July 16, 1997.
 
                                       2
<PAGE>
 
                                   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 thereunto duly authorized.
 
                                          MERISEL, INC.
 
Date: July 16, 1997                       By:      /s/ James E. Illson
                                            ___________________________________
                                             James E. Illson
                                             Senior Vice President, Finance 
                                             and Chief Financial Officer
 
                                       3

<PAGE>

                                                                    EXHIBIT 99.1


                                 MERISEL NEWS
                                 PRESS RELEASE


FOR IMMEDIATE RELEASE


                                                           Contact: James Illson
                                          Senior Vice President, Finance and CFO
                                                                  (310) 615-1295

                                                                   Karen Tallman
                                                 Vice President, General Counsel
                                                                  (310) 615-1235

                                                             Investor Relations:
                                                             Charles B. Freedman
                                                                  (310) 615-1376

                                                                     Rivian Bell
                                                            Pager (800) 686-1910


               MERISEL NOTEHOLDER COMMITTEE REFUSES TO NEGOTIATE

El Segundo, Calif., (July 16, 1997)--Merisel, Inc. (NASDAQ: MSEL) announced
today that representatives of the Ad Hoc Noteholders' Committee for its 12.5%
Senior Notes have advised the company that they will not agree with the company
to terminate or modify their agreement with the company, which is a condition to
the Stonington proposal. Accordingly, as indicated in its press release
yesterday, the company intends to submit the existing restructuring plan to a
stockholder vote in August in accordance with the agreement with noteholders. As
disclosed yesterday, the Stonington proposal remains open in accordance with its
terms.


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