UNITED STATES
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
October 25, 2000
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Date of report (Date of earliest event reported)
REALCO, INC.
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(Exact name of registrant as specified in its charter)
New Mexico 0-27552 85-0316176
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(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification No.)
1650 University Blvd., N.E., Suite 5-100,
Albuquerque, New Mexico 87102
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(Address of principal executive offices) (Zip code)
(505) 242-4561
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(Registrant's telephone number, including area code)
Not applicable
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(Former name, former address and former fiscal year,
if changed since last report)
ITEM 5. Other Events
On October 9, 2000, the Company executed a Letter of Agreement with Equity
Securities Investments, Inc. ("Equity"), a Minneapolis based broker and dealer
in securities, whereby Realco will acquire 100% of the outstanding stock of
Equity in a tax-free, stock-for-stock transaction. The agreement provides for
the shareholders of Equity to receive approximately 1,500,000 common shares of
Realco, such amount representing approximately 30% of the then fully diluted
outstanding common shares of the combined companies.
As part of the transaction, Laurence S. Zipkin, Chairman of the Board of Equity
and Edward S. Adams, President and CEO of Equity will be appointed Chairman of
the Board and Executive Vice President, respectively, of the combined company.
The proposed transaction will broaden the Company's focus on financial services,
as compared to its current focus on real estate brokerage and construction. Such
transaction is expected to close in late November or December 2000 upon
ratification by the Company's shareholders.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
REALCO, INC.
Date: October 25, 2000
/s/ CHRIS A. BRUEHL
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Chris A. Bruehl, Senior Vice-President
and Chief Financial Officer
