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: MARCH 1, 2000
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(Date of earliest event reported)
HOLIDAY RV SUPERSTORES, INC.
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(Exact name of Registrant as specified in its charter)
DELAWARE
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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 March 1, 2000, Holiday RV Superstores, Inc. ("Holiday") purchased 100%
of the outstanding common stock of Little Valley Auto and RV Sales, Inc.
("Seller") from its owners, Ernest Davis, Jr. and Lori A. Davis
("Shareholders").
The total purchase price paid to the Shareholders was $3.4 million,
consisting of $1.7 million cash and $1.7 million in a note convertible into
Holiday common stock. The note is 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 the Seller operated a recreational vehicle (RV)
dealership in the Prosperity, West Virginia. In addition to RVs, the dealership
sold boats, motorcycles and all terraine vehicles. Holiday intends 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 the Seller or the
Shareholders and Holiday or any of its affiliates, any director or officer of
Holiday, or any associate of any of Holiday.
The principal source of funds for this acquisition was a $1.6 million loan
from Doerge Capital Management.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBTS
The Registrant intends to file the required financial statements and
related pro-forma information within 60days 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/ GARY RODNEY
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Gary Rodney
Vice President, Chief
Financial Officer
Dated: March 13, 2000
