USTMAN TECHNOLOGIES INC
8-K, 2000-06-12
HAZARDOUS WASTE MANAGEMENT
Previous: HILB ROGAL & HAMILTON CO /VA/, 4, 2000-06-12
Next: USTMAN TECHNOLOGIES INC, 8-K, EX-99.1, 2000-06-12



<PAGE>

                       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) June 6, 2000

                            USTMAN TECHNOLOGIES, INC.
                            -------------------------
             (Exact name of registrant as specified in its charter)

         California                0-16011                  95-2873757
         ------------------------------------------------------------------
         (State or other         (Commission              (IRS Employer
         jurisdiction of         File Number)           Identification No.)

                                   formation)

               12265 W. Bayard Ave. , No. 110, Lakewood, Co. 80228
               ---------------------------------------------------
               (Address of principal executive offices) (Zip Code)

        Registrant's telephone number, including area code (303) 986-8011
                                                                 --------


                                 Not Applicable
                                 --------------
          (Former name or former address, if changed since last report)





<PAGE>


Item 5.           Other Events.

                           On June 6, 2000, USTMAN Technologies, Inc. (the
                  "Company") entered into a letter of intent with Danaher
                  Corporation ("Danaher"), pursuant to which the Company agreed
                  to sell substantially all of its assets to Veeder-Root
                  Company, a wholly-owned subsidiary of Danaher, or one of
                  Danaher's other wholly-owned affiliates, for $17.35 million in
                  cash. The Company presently intends on using the proceeds from
                  the sale to re-pay indebtedness, pay transaction expenses and
                  partially pay the liquidation preference of its Series A
                  Preferred Stock. As a consequence, it is not presently
                  anticipated that there will be any funds available for
                  distribution to common stockholders.

Item 7.  Financial Statements and Exhibits

                  The following are filed as Exhibits to this Current Report on
                  Form 8-K:

                  1.      Press Release issued by the Company on June 6, 2000;

                  2.      Letter of Intent by and between the Company and
                          Danaher Corporation dated June 6, 2000.


                                       2

<PAGE>




                                   SIGNATURES

                  Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly authorized and caused the undersigned to sign this
Report on the Registrant's behalf.

                                            USTMAN TECHNOLOGIES, INC.



                                             By:     /s/  Dan R. Cook
                                                     -----------------------
                                                     Dan R. Cook, President

Dated: June 12, 2000

                                       3


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission