UNITED STATES
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
December 4, 1995 Commission File Number 0-13875
(Date of earliest event reported)
LANCER CORPORATION
(Exact name of registrant as specified in its charter)
Texas 74-1591073
(State or other jurisdiction of (IRS Employer
incorporation or organization) Identification No.)
235 West Turbo, San Antonio, Texas 78216
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (210) 344-3071
Item 5. Other Events.
On December 4, 1995, the Registrant acquired all the
outstanding stock of Glenn Pleass Holdings, Pty., Ltd.
("GPH"), an Australian-based manufacturer and distributor of
soft drink fountain and beer dispensing equipment and
related components. The purchase price for the stock of GPH
was $3.5 million (U.S.) consisting of cash and other
considerations. The Registrant also assumed approximately
$700,000 (U.S.) of the outstanding bank obligations of GPH
and approximately $300,000 (U.S.) of outstanding shareholder
loans.
GPH reported sales of approximately $11 million
(Australian) for the fiscal year and twelve-month period
ended June 30, 1995. The purchase was funded by borrowing
against the Registrant's existing working capital line of
credit with its primary lender, First Interstate Bank of
Texas, N.A.
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.
LANCER CORPORATION
(Registrant)
December 21, 1995 By: /s/ George F. Schroeder
George F. Schroeder
President and CEO
December 21, 1995 By: /s/ John P. Herbots
John P. Herbots
Chief FinancialOfficer
