<PAGE>
<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K/A
(Amendment No. 1)
Current Report Pursuant to Section 13 or 15(d) of
The Securities Act of 1934
Date of Report (Date of earliest event reported) September 22, 1998
----------------------
Tetra Tech, Inc.
----------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 0-19655 95-4148514
----------------------------------------------------------------------
(State or other (Commission (I.R.S. Employer
jurisdiction File Number) Identification No.)
of incorporation)
670 N. Rosemead Boulevard, Pasadena, California 91107-2190
----------------------------------------------------------------------
(Address of principle executive offices) (Zip Code)
Registrant's telephone number, including area code (626) 351-4664
------------------
Not applicable
----------------------------------------------------------------------
(Former name or former address if changed since last report.)
<PAGE>
<PAGE>
The undersigned Registrant hereby amends the following items of its
Current Report on Form 8-K for the event of September 22, 1998:
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
(a) On September 22, 1998, the Registrant completed the acquisition
of 1056584 Ontario Limited, an Ontario corporation, 1056585 Ontario Limited, an
Ontario corporation, Cen-Comm Communications Inc., an Ontario corporation,
Sentrex Electronics Inc., an Ontario corporation, Venture Cable Ltd., an
Ontario corporation and LAL Corp., a Delaware corporation (collectively, the
"Sentrex Companies"), pursuant to the terms of a Stock Purchase Agreement dated
as of September 22, 1998 (the "Agreement") among the Registrant, Tetra Tech
Canada, an Ontario corporation and wholly-owned subsidiary of the Registrant
("TTC"), and the shareholders of the Sentrex Companies (collectively, the
"Shareholders"). The Agreement provided for the purchase by TTC of all of the
outstanding shares of capital stock of the Sentrex Companies from the
Shareholders (the "Share Purchase"). The Agreement was amended pursuant to
Amendment No. 1 to Stock Purchase Agreement dated as of November 15, 1998 (the
"Amendment").
Pursuant to the Agreement, as amended by the Amendment, the
Shareholders received aggregate consideration in the amount of $21,596,865.13
U.S. Dollars, which was paid by TTC as follows:
(i) TTC issued to the Shareholders an aggregate of 920,354 of
its exchangeable shares (the "TTC Exchangeable Shares"). For purposes of the
Agreement, each TTC Exchangeable Share was valued at $19.70, for an aggregate
value of $18,130,973.80. Each TTC Exchangeable Share is exchangeable,
commencing on February 22, 1999, for one share of the common stock, $.01 par
value ("Common Stock"), of the Registrant.
(ii) TTC paid to the Shareholders cash in the aggregate amount of
$3,465,891.33 U.S. Dollars.
In addition to the foregoing, the Shareholders received cash in the
aggregate sum of $1,049,575.87 U.S. Dollars which represented payment in full of
liabilities due to them by the Sentrex Companies.
In determining the consideration to be paid to the Shareholders, the
Registrant investigated the Sentrex Companies and their businesses and
determined an approximate aggregate value of the Sentrex Companies to the
Registrant based on investment factors including the book value of the Sentrex
Companies' assets, an appropriate multiple of the Sentrex Companies' current and
future earnings, the Sentrex Companies' backlog and current contracts, the
Sentrex Companies' revenues, the Sentrex Companies' reputation in the field of
design, construction and maintenance of communication and information transport
systems, including fiber optic cable, coaxial cable, microwave and personal
communication systems, and the compatibility of the Sentrex Companies'
geographic scope and technical capabilities. A final
2.
<PAGE>
<PAGE>
determination of such value was arrived at by means of arm's length
bargaining among the parties to the Agreement.
There was no material relationship between the Sentrex Companies
(including their officers, directors and shareholders) and Registrant or any of
its affiliates, or any director or officer of the Registrant, or any associate
of any such officer or director, other than as described below.
In February 1998, the Registrant's wholly-owned subsidiary, Whalen
Service Corps Inc., a Delaware corporation ("WSC"), and one of the Sentrex
Companies, LAL Corp., a Delaware corporation ("LAL"), formed Whalen/Sentrex LLC,
a California limited liability company ("Whalen/Sentrex"). Whalen/Sentrex was
formed to engage in the business of providing project management, construction
management and technical services to the U.S. cable television industry. At the
time of the Share Purchase, WSC and LAL held 52% and 48% membership interests in
Whalen/Sentrex, respectively. The Registrant will continue to operate the
business of Whalen/Sentrex following the Share Purchase.
In order to fund, in part, the cash payment made to the Shareholders
in connection with the Share Purchase, the Registrant drew on its line of credit
with Bank of America National Trust and Savings Association (the "Lender")
pursuant to the terms of that certain Credit Agreement dated as of September 15,
1995, as amended, between the Registrant and the Lender.
(b) At the time of the Share Purchase, the Sentrex Companies were
engaged in the business of providing design, construction and maintenance of
communication and information transport systems, including fiber optic cable,
coaxial cable, microwave and personal communication systems. The Registrant
intends to continue to engage in such business.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) FINANCIAL STATEMENTS OF BUSINESSES ACQUIRED.
The Registrant is not required to provide financial statements of the
businesses acquired pursuant to Rule 3-05 of Regulation S-X.
(b) PRO FORMA FINANCIAL INFORMATION.
The Registrant is not required to provide pro forma financial
information with respect to the Share Purchase that would be required pursuant
to Article 11 of Regulation S-X.
3.
<PAGE>
<PAGE>
(c) EXHIBITS.
2.1* Stock Purchase Agreement dated as of September 22, 1998 by
and among Tetra Tech, Inc., Tetra Tech Canada Ltd. and the
Shareholders of the Sentrex Companies named therein (incorporated
by reference from Exhibit 2.1 to Registrant's Current Report on
Form 8-K for the event of September 22, 1998).
2.2 Amendment No. 1 to Stock Purchase Agreement dated as of
November 15, 1998 by and among Tetra Tech, Inc., Tetra Tech
Canada Ltd. and the Shareholders of the Sentrex Companies named
therein.
________________
* The Schedules to Exhibit 2.1 have not been filed with the Commission
because the Registrant believes that such Schedules do not contain
information which is material to an investment decision. A list of such
Schedules is set forth on page v. of Exhibit 2.1. The Registrant hereby
agrees to furnish supplementally a copy of the omitted Schedules to the
Commission upon request.
4.
<PAGE>
<PAGE>
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 hereunto duly authorized.
Date: December 1, 1998
TETRA TECH, INC.
By: ____________________________
James M. Jaska
Vice President and
Chief Financial Officer
5.
<PAGE>
<PAGE>
<PAGE>
EXHIBIT 2.2
AMENDMENT NO. 1
TO STOCK PURCHASE AGREEMENT
This Amendment No. 1 to Stock Purchase Agreement is entered into as of
November 15, 1998 by and among Tetra Tech, Inc., a Delaware corporation ("Tetra
Tech"), Tetra Tech Canada Ltd., an Ontario corporation and wholly-owned
subsidiary of Tetra Tech ("TTC"), and Raymond Conroy, Elizabeth Stanmore,
Leonard Stanmore, Peter Nicoletti, Silvana Nicoletti, James Suen, Gordon Brooks
and Andre Greco (collectively, the "Shareholders").
R E C I T A L S
WHEREAS, Tetra Tech, TTC and the Shareholders have entered into that
certain Stock Purchase Agreement dated as of September 22, 1998 (the "Original
Agreement") with respect to the purchase by TTC of the Shares (as defined in the
Original Agreement) owned by the Shareholders; and
WHEREAS, Tetra Tech, TTC and the Shareholders desire to amend certain
provisions of the Original Agreement as more specifically set forth below;
NOW, THEREFORE, in consideration of the premises and the mutual
covenants herein contained, Tetra Tech, TTC and the Shareholders agree as
follows:
1. The first two sentences of subparagraph (a) of Section 1.2 of the
Original Agreement are hereby amended in full to read as follows:
"The total price to be paid by TTC to the Shareholders for the Shares
shall be $21,596,865.13 U.S. Dollars (the "Purchase Price"). Of such amount,
$3,465,891.33 shall be paid in cash on the Closing Date (as defined in Section
6.1 hereof) by wire transfer of immediately available funds. In addition, the
Shareholders shall receive cash on the Closing Date in the aggregate sum of
$1,049,575.87 U.S. Dollars which represents the payment in full of liabilities
due to them by the Sentrex Companies (as defined in the Original Agreement)."
2. Exhibit 1.2C to the Original Agreement shall be deleted in its
entirety and replaced by Exhibit 1.2C attached hereto.
3. Article 8 of the Original Agreement is hereby incorporated herein
by reference.
4. Except as set forth in this Amendment No. 1 to Stock Purchase
Agreement, all of the terms and conditions of the Original Agreement shall
remain in full force and effect.
<PAGE>
<PAGE>
IN WITNESS WHEREOF, the parties have executed this Amendment No. 1 to
Stock Purchase Agreement as of the date first above written.
TETRA TECH, INC.
By: ______________________________
Li-San Hwang
Chief Executive Officer
and President
TETRA TECH CANADA LTD.
By: ______________________________
Leonard Stanmore
President
___________________________________
Raymond Conroy
___________________________________
Elizabeth Stanmore
___________________________________
Leonard Stanmore
___________________________________
Peter Nicoletti
___________________________________
Silvana Nicoletti
___________________________________
James Suen
___________________________________
Gordon Brooks
___________________________________
Andre Greco
<PAGE>
<PAGE>
EXHIBIT 1.2C
<TABLE>
STOCK PURCHASE AGREEMENT AMONG TETRA TECH, INC. AND
THE SENTREX GROUP OF COMPANIES
Consideration to be Received by the Company's Shareholders
<CAPTION>
Relative Total
Shareholder Shares Ownership Payment
- ------------------------- ---------- ------------ ---------------
<S> <C> <C> <C>
1056584 ONTARIO LIMITED
Leonard Stanmore 101 100.00% 3,064,789
---------- ------------ ---------------
Total 101 100.00% 3,064,789
---------- ------------ ---------------
---------- ------------ ---------------
1056585 ONTARIO LIMITED
Peter Nicoletti 101 100.00% 2,417,714
---------- ------------ ---------------
Total 101 100.00% 2,417,714
---------- ------------ ---------------
---------- ------------ ---------------
VENTURE CABLE LIMITED
Leonard Stanmore 32 32.00% 68,265
Peter Nicoletti 32 32.00% 68,265
Andre Greco 18 18.00% 69,615
Gordon Brooks 18 18.00% 69,615
---------- ------------ ---------------
Total 100 100.00% 275,760
---------- ------------ ---------------
---------- ------------ ---------------
CEN-COMM COMMUNICATIONS INC.
Raymond Conroy 124 40.00% 1,223,635
Elizabeth Stanmore 186 60.00% 1,844,046
---------- ------------ ---------------
Total 310 100.00% 3,067,681
---------- ------------ ---------------
---------- ------------ ---------------
SENTREX ELECTRONICS INC.
Leonard Stanmore 100 16.67% 116,060
Peter Nicoletti 100 16.67% 116,060
James Suen 200 33.33% 219,257
Elizabeth Stanmore 100 16.67% 116,060
Silvana Nicoletti 100 16.67% 116,060
---------- ------------ ---------------
Total 600 100.00% 683,497
---------- ------------ ---------------
---------- ------------ ---------------
<PAGE>
<PAGE>
LAL CORP.
Leonard Stanmore 1,350 45.00% 5,911,650
Peter Nicoletti 750 25.00% 3,284,250
James Suen 300 10.00% 1,313,700
Raymond Conroy 600 20.00% 2,627,400
---------- ------------ ---------------
Total 3,000 100.00% 13,137,000
---------- ------------ ---------------
---------- ------------ ---------------
GRAND TOTALS
Leonard Stanmore 1,583 37.58% 9,160,764
Peter Nicoletti 983 23.34% 5,886,289
Raymond Conroy 724 17.19% 3,851,035
James Suen 500 11.87% 1,532,957
Elizabeth Stanmore 286 6.79% 1,960,106
Silvana Nicoletti 100 2.37% 116,060
Andre Greco 18 0.43% 69,615
Gordon Brooks 18 0.43% 69,615
---------- ------------ ---------------
Total 4,212 100.00% 22,646,441
---------- ------------ ---------------
---------- ------------ ---------------
<PAGE>
<PAGE>
<CAPTION>
Advance Shares @
Shareholder Payment 19.70
- ------------------------- --------------- -------------
<S> <C> <C>
1056584 ONTARIO LIMITED
Leonard Stanmore 280,334.40 124,458
--------------- -------------
Total 280,334.40 124,458
--------------- -------------
--------------- -------------
1056585 ONTARIO LIMITED
Peter Nicoletti 269,241.47 98,181
--------------- -------------
Total 269,241.47 98,181
--------------- -------------
--------------- -------------
VENTURE CABLE LIMITED
Leonard Stanmore - 2,772
Peter Nicoletti - 2,772
Andre Greco - 3,533
Gordon Brooks - 2,827
--------------- -------------
Total - 11,904
--------------- -------------
--------------- -------------
CEN-COMM COMMUNICATIONS INC.
Raymond Conroy - 49,690
Elizabeth Stanmore - 74,885
--------------- -------------
Total - 124,575
--------------- -------------
--------------- -------------
SENTREX ELECTRONICS INC.
Leonard Stanmore - 4,713
Peter Nicoletti - 4,713
James Suen - 8,903
Elizabeth Stanmore - 4,713
Silvana Nicoletti - 4,713
--------------- -------------
Total - 27,755
--------------- -------------
--------------- -------------
<PAGE>
<PAGE>
LAL CORP.
Leonard Stanmore 225,000.00 240,067
Peter Nicoletti 125,000.00 133,370
James Suen 50,000.00 53,348
Raymond Conroy 100,000.00 106,696
--------------- -------------
Total 500,000.00 533,481
--------------- -------------
--------------- -------------
GRAND TOTALS
Leonard Stanmore 505,334 372,010
Peter Nicoletti 394,241 239,036
Raymond Conroy 100,000 156,386
James Suen 50,000 62,251
Elizabeth Stanmore - 79,598
Silvana Nicoletti - 4,713
Andre Greco - 3,533
Gordon Brooks - 2,827
--------------- -------------
Total 1,049,575.87 920,354
--------------- -------------
--------------- -------------
<PAGE>
<PAGE>
<CAPTION>
Consideration Total
Shareholder Share Value* Cash Value Consideration
- ------------------------- --------------- --------------- ---------------
<S> <C> <C> <C>
1056584 ONTARIO LIMITED
Leonard Stanmore 2,451,822.60 332,632.00 2,784,454.60
--------------- --------------- ---------------
Total 2,451,822.60 332,632.00 2,784,454.60
--------------- --------------- ---------------
--------------- --------------- ---------------
1056585 ONTARIO LIMITED
Peter Nicoletti 1,934,165.70 214,306.83 2,148,472.53
--------------- --------------- ---------------
Total 1,934,165.70 214,306.83 2,148,472.53
--------------- --------------- ---------------
--------------- --------------- ---------------
VENTURE CABLE LIMITED
Leonard Stanmore 54,608.40 13,656.60 68,265.00
Peter Nicoletti 54,608.40 13,656.60 68,265.00
Andre Greco 69,600.10 14.90 69,615.00
Gordon Brooks 55,691.90 13,923.10 69,615.00
--------------- --------------- ---------------
Total 234,508.80 41,251.20 275,760.00
--------------- --------------- ---------------
--------------- --------------- ---------------
CEN-COMM COMMUNICATIONS INC.
Raymond Conroy 978,893.00 244,742.00 1,223,635.00
Elizabeth Stanmore 1,475,234.50 368,811.50 1,844,046.00
--------------- --------------- ---------------
Total 2,454,127.50 613,553.50 3,067,681.00
--------------- --------------- ---------------
--------------- --------------- ---------------
SENTREX ELECTRONICS INC.
Leonard Stanmore 92,846.10 23,213.90 116,060.00
Peter Nicoletti 92,846.10 23,213.90 116,060.00
James Suen 175,389.10 43,867.90 219,257.00
Elizabeth Stanmore 92,846.10 23,213.90 116,060.00
Silvana Nicoletti 92,846.10 23,213.90 116,060.00
--------------- --------------- ---------------
Total 546,773.50 136,723.50 567,437.00
--------------- --------------- ---------------
--------------- --------------- ---------------
<PAGE>
<PAGE>
LAL CORP.
Leonard Stanmore 4,729,319.90 957,330.10 5,686,650.00
Peter Nicoletti 2,627,389.00 531,861.00 3,159,250.00
James Suen 1,050,955.60 212,744.40 1,263,700.00
Raymond Conroy 2,101,911.20 425,488.80 2,527,400.00
--------------- --------------- ---------------
Total 10,509,575.70 2,127,424.30 12,637,000.00
--------------- --------------- ---------------
--------------- --------------- ---------------
GRAND TOTALS
Leonard Stanmore 7,328,597.00 1,326,832.60 8,655,429.60
Peter Nicoletti 4,709,009.20 783,038.33 5,492,047.53
Raymond Conroy 3,080,804.20 670,230.80 3,751,035.00
James Suen 1,226,344.70 256,612.30 1,482,957.00
Elizabeth Stanmore 1,568,080.60 392,025.40 1,960,106.00
Silvana Nicoletti 92,846.10 23,213.90 116,060.00
Andre Greco 69,600.10 14.90 69,615.00
Gordon Brooks 55,691.90 13,923.10 69,615.00
--------------- --------------- ---------------
Total 18,130,973.80 3,465,891.33 21,596,865.13
--------------- --------------- ---------------
--------------- --------------- ---------------
*Given the effect of cash in lieu of fractional shares
% 83.95% 16.05%
</TABLE>
<PAGE>