SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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F O R M 8 - K
CURRENT REPORT
Pursuant to Section 13 or 15 (d)
of the
Securities Exchange Act of 1934
Date of Report: November 11, 1999
(Date of earliest event reported)
HOLIDAY RV SUPERSTORES, INCORPORATED
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(Exact name of Registrant as specified in its charter)
FLORIDA
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(State or other jurisdiction of Incorporation)
0-16448 59-1834763
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(Commission File No.) (I.R.S. Employer
I.D.No.)
Sand Lake West Executive Park
7851 Greenbriar Parkway
Orlando, Florida 32819
Telephone # (407) 363-9211
Fax # (407) 363-2065
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ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
On November 11, 1999, Holiday RV Superstores, Inc. ("Holiday") purchased
100% of the outstanding common stock of County Line Select Cars, Inc. ("Seller")
from its owners, Armondo Alonso and Francisco Alonso ("Shareholders").
The total purchase price paid to the Shareholders was $6.5 million,
consisting of $5.0 million cash and $1.5 million in notes convertible into
Holiday common stock. In addition, Holiday advanced $1.6 million in cash to
repay existing loans from the Shareholders to the Seller. The notes are
convertible after two years at a conversion price of $7.50 per share of Holiday
common stock. The purchase price was determined pursuant to an arms length
negotiation between Holiday and the Shareholders.
Prior to the acquisition Seller operated five recreational vehicle
dealerships in the Florida locations of Clermont, Inverness, Leesburg and Ocala
(2). The Registrant intends to continue such operations as part of its national
chain of recreational vehicle sales and service centers.
The Registrant knows of no material relationship between the Seller or the
Shareholders and the Registrant or any of its affiliates, any director or
officer of the Registrant, or any associate of any of the Registrant.
The source of funds for this acquisition was $6.6 million from existing
cash on hand from the treasury of the Registrant.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
The Registrant intends to file the required financial statements and
related pro-forma information within 60 days from the due date of this initial
8-K.
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
HOLIDAY RV SUPERSTORES, INCORPORATED
By: /s/ PATRICK R. MCNAIR
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Patrick R. McNair
Vice President, Chief Financial
Officer
Dated: November 23, 1999
