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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) June 30, 1997
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LSI INDUSTRIES INC.
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(Exact name of registrant as specified in its charter)
Ohio 31-0888951
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
10000 Alliance Road, Cincinnati, Ohio 45242
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(Address of principal executive offices) Zip Code
Registrant's telephone number, including area code (513) 793-3200
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(Former name or former address, if changed since last report.)
Page 1 of 2 Pages
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Item 2. Acquisition or Disposition of Assets.
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On June 30, 1997, the Registrant acquired substantially all of the
assets of Grady, McCauley Incorporated ("GMI"), an Ohio corporation
headquartered in North Canton, Ohio. The Registrant also acquired real estate
where GMI's principal office and manufacturing facility are located from an
affiliated entity of GMI. GMI provides custom graphics and specializes in retail
store interior and exterior visual merchandising and fleet graphics. GMI
reported sales of $14.5 million in 1996 and has approximately 165 employees.
Dennis Grady, Chairman and Chief Executive Officer, and David McCauley,
President and Chief Operating Officer, have entered into employment agreements
and will continue to manage GMI.
The Registrant paid GMI and the affiliated entity of GMI an
aggregate of $11.5 million in cash and 475,700 shares of the Registrant's Common
Stock. The Registrant also assumed certain of GMI's liabilities relating to the
purchase of the assets.
Item 7. Financial Statements and Exhibits.
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The foregoing acquisition is not deemed to be a material
acquisition and, therefore, historical and pro forma financial statements are
not provided.
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.
LSI INDUSTRIES INC.
Date: July 14, 1997 By: /S/ Robert J. Ready
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Robert J. Ready
President and Chief Executive Officer
