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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) - November 9, 2000
Sotheby's Holdings, Inc.
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(Exact name of registrant as specified in its charter)
Michigan 1-9750 38-2478409
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(State or other jurisdiction of (Commission File Number) (IRS Employer
incorporation or organization) Identification No.)
38000 Woodward Avenue, Suite 100
Bloomfield Hills, Michigan 48304
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (248) 646-2400
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ITEM 5. Other Events
Attached hereto as Exhibit 10.1 is the First Amendment (the "Amendment")
dated as of November 9, 2000 to the Amended and Restated Credit Agreement
dated as of March 10, 2000, among Sotheby's Holdings, Inc. (the "Company"),
a Michigan corporation, Sotheby's, Inc., a New York corporation, Oatshare
Limited, a company registered in England, and Sotheby's, a company
registered in England; the lenders party thereto (the "Lenders"); and The
Chase Manhattan Bank, a New York banking corporation, as administrative
agent and as collateral agent for the Lenders and as the issuing bank. The
principal purpose of the Amendment is to adjust the financial covenants
contained in the Amended and Restated Credit Agreement to reflect the terms
of the Company's settlements of the civil antitrust litigation related to
auctions conducted in the United States and the shareholder class action
litigation and its plea agreement with the United States Department of
Justice and the Company's obligations thereunder.
ITEM 7. Financial Statements, Pro-forma Financial Information and
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Exhibits
(c) Exhibits
Exhibit No. Description
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10.1 First Amendment dated as of November 9, 2000 to the
Amended and Restated Credit Agreement dated as of
March 10, 2000
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SOTHEBY'S HOLDINGS, INC.
AND SUBSIDIARIES
SIGNATURE
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Pursuant to the requirements of the Securities Exchange Act of 1934, the Company
has duly caused this report to be signed this the 29th day of December, 2000, on
its behalf by the undersigned, thereunto duly authorized and in the capacity
indicated.
SOTHEBY'S HOLDINGS, INC.
By: /s/ Michael L. Gillis
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Michael L. Gillis
Vice President, Controller
and Chief Accounting Officer
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Exhibit Index
Exhibit No. Description
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10.1 First Amendment dated as of November 9, 2000 to the
Amended and Restated Credit Agreement dated as of
March 10, 2000