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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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):
May 26, 2000
UNITEL VIDEO, INC.
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(Exact name of registrant as specified in its charter)
Delaware 1-8654 23-1713238
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(State or other jurisdiction (Commission File (I.R.S. Employer
of incorporation) Number) Identification No.)
555 West 57th Street, New York, New York 10019
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(Address of principal executive offices) (Zip Code)
212-265-3600
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(Registrant's telephone number, including area code)
N/A
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(Former name or former address,
if Changed Since last report)
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ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
On March 20, 2000, Unitel Video, Inc. (the "Company"), a debtor and
debtor in possession in Case No. 99-2979 (PJW) in the United States Bankruptcy
Court for the District of Delaware (the "Court") entered into an Asset Purchase
Agreement (the "Agreement") with NEP Supershooters, Inc., (the "Buyer") relating
to the sale of the Company's two digital mobile video vehicles and related
equipment and personal property owned by the Company (the "Assets") for $6
million. On May 8, 2000, the Court entered an order approving the Agreement and
the related sale. On May 26, 2000, the sale was consummated.
On May 26, 2000, the Company discontinued the operations of its mobile
video division.
ITEM 7. FINANCIAL STATEMENT, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(a) Financial statements of business acquired:
Not applicable
(b) Pro forma financial information:
It is impractical for the Company to provide the required pro
forma financial information at this time. The Company expects
to file such information with the Securities and Exchange
Commission on or before August 8, 2000.
(c) Exhibits:
2.1 Asset Purchase Agreement, dated March 20, 2000, between
the Company and NEP Supershooters, Inc.
2.2: First Amendment to Asset Purchase Agreement, dated May
17, 2000, between the Company and NEP Supershooters, Inc.
99.1: The Company's press release, dated May 30, 2000
99.2: Order authorizing and approving the Asset Purchase
Agreement, the sale of certain of the Company's mobile
division assets and all other transactions necessary to
consummate the sale, entered May 8, 2000 by the United States
Bankruptcy Court for the District of Delaware.
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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, thereunto duly authorized.
UNITEL VIDEO, INC.
Date: June 7, 2000 By: /s/ Joel Getzler
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Joel Getzler
Senior Vice President
Getzler & Co., Inc.
for Unitel Video, Inc.
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EXHIBIT INDEX
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EXHIBIT DESCRIPTION
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2.1 Asset Purchase Agreement, dated March 20, 2000,
between the Company and NEP Supershooters, Inc.
2.2 First Amendment to Asset Purchase Agreement, dated
May 17, 2000, between the Company and NEP
Supershooters, Inc.
99.1 The Company's press release, dated May 30, 2000.
99.2 Order authorizing and approving the Asset Purchase
Agreement, the sale of certain of the Company's mobile
division assets and all other transactions necessary to
consummate the sale, entered May 8, 2000 by the
United States Bankruptcy Court for the District of
Delaware.
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