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) July 28, 1998
Stevens International, Inc.
(Exact name of registrant as specified in its charter)
Delaware 1-9603 75-2159407
(State or other jurisdiction (Commission (IRS Employer
of incorporation File Number) Identification No.)
5500 Airport Freeway, Fort Worth, Texas 76117
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (817) 831-3911
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Item 2. Acquisition or Disposition of Assets.
On July 28, 1998 Stevens International, Inc., a Delaware
corporation (the "Company") and J.J.L. Holdings Company Ltd and M.B.A.
Holdings Company, Ltd. (collectively, "Purchasers"), entered into and
consummated that certain Standard Deposit Receipt and Real Estate
Purchase Contract dated June 30, 1997 and that certain Standard Form
Asset Purchase Contract dated June 30, 1998 (collectively, the
"Agreements") whereby the Company sold and Purchaser purchased the real
and personal property at its Hamilton, Ohio machining center ("HMC") and
the major portion of its machinery and equipment at its assembly
facility in Hamilton, Ohio. The aggregate proceeds received by the
Company in the transaction were approximately $ 4.35 million. The
acquisition consideration for the transaction was determined by
negotiations between the parties to the Agreements.
To the best knowledge of the Company, there is no material
relationship between Purchasers and the Company or any of its
affiliates, any director or officer of the Company, or any associate of
such director or officer.
Item 7. Financial Statements and Exhibits.
(a) Not Applicable.
(b) Pro forma Financial Information for the Transaction.(1)
(i) Pro forma Condensed Balance Sheet.
(ii) Pro forma Condensed Consolidated Statement of
Income.
(c) Exhibits.
The following is a list of exhibits filed as part of this
Current Report on Form 8-K:
Exhibit No. Description
2.1 Standard Deposit Receipt and Real Estate Purchase Contract
dated June 30, 1998 by and between the Company, J.J.L.
Holdings Company Ltd and M.B.A. Holdings Company, Ltd. (*)
2.2 Standard Form Asset Purchase Contract dated June 30, 1998
by and between the Company, J.J.L. Holdings Company Ltd and
M.B.A. Holdings Company, Ltd.(*)
__________________________
* To be filed by amendment.
(1) It is impractical for the registrant to file such financial
statements and related financial data schedule at this
time. Such financial statements and related financial data
schedule will be filed under cover of Form 8-K/A as soon as
practicable, but no later than 60 days after the date by
which this report on Form 8-K was required to be filed.
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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 hereunto duly authorized.
STEVENS INTERNATIONAL, INC.
Date: August 12, 1998 By: /s/ George A. Wiederaenders
George A. Wiederaenders
Vice President, Treasurer &
Chief Accounting Officer
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INDEX TO EXHIBITS
Exhibit
Number Description of Exhibit
2.1 Standard Deposit Receipt and Real Estate Purchase
Contract dated June 30, 1998 by and between the
Company, J.J.L. Holdings Company Ltd and M.B.A.
Holdings Company, Ltd. (*)
2.2 Standard Form Asset Purchase Contract dated June 30,
1998 by and between the Company, J.J.L. Holdings
Company Ltd and M.B.A. Holdings Company, Ltd.(*)
__________________________
* To be filed by amendment.
