SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d)
of the
Securities Exchange Act of 1934
Date of Report: October 31, 2000
HOLIDAY RV SUPERSTORES, INC.
DELAWARE
0-16448 59-1834763
(Commission File No.) (I.R.S. Employer I.D. No)
200 East Broward, Blvd, Suite 920
Fort Lauderdale, FL 33301
Telephone # (954) 522-9903
Fax # (954) 522-9906
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ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
On October 31, 2000, Holiday RV Superstores, Inc. ("Holiday") purchased
100% of the outstanding common stock of Hall Enterprises, Inc. ("Hall, Inc.")
from its owner, Tommy R. Hall ("Shareholder").
The total purchase price paid to the Shareholder was $1,950,000.
Holiday issued 300,000 shares of unregistered Holiday common stock. The
Shareholder will have the opportunity to receive additional consideration if
certain budget projections, which were agreed upon by Holiday and the
Shareholder, are met. Holiday will issue 50,000 shares of unregistered Holiday
common stock to the Shareholder, which the Shareholder and Holiday agree will be
valued at $6.50 per share, in the event that Hall, Inc.'s net pretax earnings
meet or exceed the budget projections for the fiscal year ending October 31,
2001. Holiday will issue an additional 50,000 shares of unregistered Holiday
common stock to the Shareholder, valued at $6.50 per share, in the event that
Hall, Inc.'s net pretax earnings meet or exceed the budget projections for the
fiscal year ending October 31, 2002. The purchase price was determined pursuant
to an arms length negotiation between Holiday and the Shareholder.
Prior to the acquisition, Hall, Inc. operated a recreational vehicle
(RV) dealership in Lexington, Fayette County, Kentucky. Holiday plans to
continue such operations as part of its national chain of recreational vehicle
and boat sales and service centers.
Holiday knows of no material relationship between Hall, Inc. or the
Shareholder and Holiday or any of its affiliates, any director or officer of
Holiday, or any associate of Holiday.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
Exhibit
Number Description of Exhibit
10.3(A) Stock Purchase Agreement between Registrant and Hall
Enterprises, Inc., Tommy R. Hall, dated July 10, 2000.
The Registrant intends to file the required financial statements and
related pro-forma information within 60 days from the date of this Form 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, INC.
By: /s/ W. Hardee McAlhaney
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W. Hardee McAlhaney
Vice President, Chief Financial Officer
Dated: November 14, 2000
