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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: October 10, 1996
ASA INTERNATIONAL, LTD.
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(Exact name of registrant as specified in its charter)
Delaware 0-14741 02-0398205
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
10 Speen Street, Framingham, Massachusetts 01701
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(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number Including Area Code: (508) 626-2727
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TABLE OF CONTENTS
FORM 8-K
October 10, 1996
Item Page
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Item 5. Other Event 1
Signatures 2
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Item 5. Other Event
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On October 1, 1996, ASA International Ltd. (the "Company") announced that
it had reached an agreement in principle to effect a corporate reorganization
which would result in a spin-off of the Company's wholly-owned subsidiary,
TradePoint Systems, Inc., to Christopher J. Crane, the Company's President, in
exchange for Mr. Crane's equity ownership in the Company and certain other
consideration. TradePoint Systems, Inc. holds certain assets and liabilities of
the Company's International Trade and Transportation Division. The proposed
reorganization is subject to a number of factors, including the negotiation and
execution of a definitive reorganization agreement and a ruling from the
Internal Revenue Service regarding the tax-free nature of the transaction.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
ASA International, Ltd.
By:/s/ Alfred C. Angelone
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Alfred C. Angelone
Chief Executive Officer
Date: October 10, 1996
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