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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
Date of Report (Date of earliest event reported): October 2, 2000
SECOM GENERAL CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 0-14299 87-0410875
(state or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
46035 GRAND RIVER AVENUE, NOVI, MICHIGAN 48374
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (248) 305-9410
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Item 5. Other Events.
On September 2, 2000, the registrant, Secom General
Corporation announced that shareholders will receive a first liquidating
distribution of $11.55 per share on October 31, 2000. The record date for
determining the shareholders entitled to receive the distribution has been set
for the close of business on October 12, 2000. The Registrant said it was able
to increase the amount of its first distribution, from its initial projection of
$10 per share, due primarily to the completion of the sale of the Tooling
Group's real estate located in Romulus, Michigan and negotiating a final
settlement of the DRA note receivable. The Registrant received $715,000 in full
settlement of the remaining principal balance of $750,000 on the DRA note
receivable.
The number of shares of the Company's outstanding common stock
has declined by more than five percent (5%) to 998,820 as of September 27, 2000,
from the 1,067,080 reported as of April 14, 1999. The decline in shares
outstanding is due to various repurchases and related retirements of shares by
the Company over the last 17 months.
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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 duly authorized officer.
SECOM GENERAL CORPORATION
(Registrant)
By: /s/ Scott J. Konieczny
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Scott J. Konieczny
Chief Financial Officer
Dated: October 3, 2000
