AMERIQUEST TECHNOLOGIES INC
8-K, 1995-07-03
COMPUTER STORAGE DEVICES
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<PAGE>
 
                       SECURITIES AND EXCHANGE COMMISSION

                             Washington D.C. 20549

                                 CURRENT REPORT

                                       on

                                    FORM 8-K

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


Date of Report:  June 26, 1995



                         AMERIQUEST TECHNOLOGIES, INC.
_____________________________________________________________________________
               (Exact name of registrant as specified in charter)


                                   Delaware
_____________________________________________________________________________
                 (State of other jurisdiction of incorporation)


            1-10397                                  33-0244136
_____________________________________________________________________________
     (Commission File Number)           (IRS Employer Identification No.)


3 Imperial Promenade, Ste. 300, Santa Ana, CA            92707
_____________________________________________________________________________
 (Address of principal executive offices)              (Zip Code)


                                (714) 437-0099
_____________________________________________________________________________
              (Registrant's telephone number, including area code)


______________________________________________________________________________
         (Former name or former address, if changed since last report)

                                       1
<PAGE>
 
ITEM 5.   OTHER EVENTS
          ------------


     Robec, Inc. has asserted that it has the right to review the proposed 
transaction with AmeriQuest Technologies, Inc. ("AQS") in the context of
existing circumstances, and possibly renegotiate the pricing of the transaction.
The existing circumstances include the following:

     (i)   The Staff of the Securities and Exchange Commission has taken
           exception to the method by which the number of AQS shares to be
           issued to the shareholders of Robec is not susceptible of
           determination until after the vote by the shareholders of Robec, and

     (ii)  AQS recently has issued 2,002,858 shares of its Common Stock and
           three-year warrants to purchase an additional 4,005,716 shares of
           Common Stock, and

     (iii) Robec management believes that a material adverse change in the
           financial condition of AQS has occurred.

It does not appear from a review of the Amended and Restated Agreement and Plan
of Reorganization between Robec and AQS dated August 22, 1994 (the "Agreement")
that there is any obligation on behalf of AQS to renegotiate the terms of that
Agreement, and Robec was so informed on June 22, 1995.


ITEM 6.   RESIGNATION OF REGISTRANT'S DIRECTORS
          -------------------------------------

     On June 26, 1995, Robert H. Beckett resigned his position as a Director of
AQS, presumably in light of the conflicts of interest represented by the matters
referred to in Item 5. Other Events above.  No letter was submitted by Mr.
Beckett detailing his disagreement(s) with AQS or requesting the publication of
such a letter.

                                       2
<PAGE>
 
Item 7.  Financial Statements and Exhibits
         ---------------------------------

     (a)  Financial Statements of Business Acquired
          -----------------------------------------
          Not applicable

     (b)  Not applicable

     (c)  Exhibit No.    Description of Exhibit
          -----------    ----------------------

          17             Letter of Resignation as a Director from Robert H.
                         Beckett
___________



                                   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.

                             AMERIQUEST TECHNOLOGIES, INC.



                             /s/ Stephen G. Holmes
                             -----------------------------
                             Stephen G. Holmes
                             Secretary, Treasurer and
                             Chief Financial Officer


Dated:  June 30, 1995

                                       3

<PAGE>
 
                             [LETTERHEAD OF ROBEC]


                                             June 26, 1995


Mr. Marc Werner
Werner Company
93 Werner Road
Greenville, PA 16125-9499

Dear Marc:

     Effective immediately, I hereby resign as director of AmeriQuest 
Technologies, Inc.

                                             Sincerely yours,

                                             /s/ Robert H. Beckett

RHB:pb                                       Robert H. Beckett
                                             Chairman & CEO

cc:  Harold L. Clark
     Stephen G. Holmes


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