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 (Date of earliest event reported) May 25, 2000
DOCUCON INCORPORATED
(Exact name of registrant as specified in its charter)
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Delaware 1-10185 74-2418590
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(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification
incorporation) No.)
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140 E. Houston Street, Suite 200
San Antonio, Texas 78205
(Address of principal executive offices) (Zip Code)
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Registrant's telephone number, including area code (210)225-5000
20 Valley Stream Parkway, Suite 140
Malvern, Pennsylvania 19355
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(Former name or former address, if changed since last report)
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Item 2. Acquisition or Disposition of Assets
On May 25, 2000, Docucon, Incorporated (the "Registrant")
completed the sale of substantially all of its operating assets
and certain liabilities and obligations (the "Sale") to Bunt
Acquisition Corporation, a Delaware corporation and wholly owned
subsidiary of Tab Products Co. (the "Buyer"). The Sale was
consummated in accordance with the terms of that certain Asset
Purchase Agreement dated as of March 7, 2000 (the "Agreement").
A copy of the Agreement has been incorporated herein by reference.
Under the Agreement, the consideration paid to the Registrant
in connection with the Sale was approximately $2,800,000, and the
liabilities and obligations assumed by Buyer were valued at about
$2,300,000. The purchase price is subject to adjustments thirty
(30) days after the closing based on the total net value of the
assets sold, as set forth in a closing balance sheet.
The total consideration paid in the Sale was determined through
arm's length negotiations between the parties. Neither the Registrant
nor any of its affiliates had, nor to the knowledge of the Registrant
did any director or officer, or any associated of any such director
or officer of the Registrant, have any material relationship with
the Buyer.
Item 5. Other Events
On June 9, 2000, the Registrant issued the press release
attached hereto as Exhibit 99.1 and incorporated herein by reference.
Item 7. Financial Statements and Exhibits
(a) FINANCIAL STATEMENT OF BUSINESSES ACQUIRED.
Not Applicable.
(b) PRO FORMA FINANCIAL INFORMATION.
As indicated above, the Registrant has consummated the Sale
of all of its operating assets. Accordingly, the Registrant's
historical financial position and results of operations are
irrelevant to the Registrant's future prospects, if any. As such,
the pro forma financial information required by this Item has not
been included herewith.
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(c) EXHIBITS.
Exhibit No. Description
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2.1 Asset Purchase Agreement, dated as March 7, 2000, by
and among Tab Products Co., a Delaware corporation
("Parent"), and Bunt Acquisition Corporation, a
Delaware corporation and wholly-owned subsidiary of
Parent, on the one hand, and Docucon, Incorporated,
a Delaware corporation, on the other hand.
(Incorporated by reference from Exhibit 2.1 to
current Report on Form 8-K filed by the Parent on
June 9, 2000)
99.1 Registrant press release dated June 9, 2000
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, as amended, the Registrant has duly caused this report
to be signed on its behalf by the undersigned hereunto duly
authorized.
DOCUCON INCORPORATED
Date: June 9, 2000 By: /s/ ROBERT W. SCHWARTZ
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Robert W. Schwartz, President
and CEO
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EXHIBIT INDEX
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Exhibit No. Description
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2.1 Asset Purchase Agreement, dated as March 7, 2000, by
and among Tab Products Co., a Delaware corporation
("Parent"), and Bunt Acquisition Corporation, a
Delaware corporation and wholly-owned subsidiary of
Parent, on the one hand, and Docucon, Incorporated,
a Delaware corporation, on the other hand.
(Incorporated by reference from Exhibit 2.1 to
current Report on Form 8-K filed by the Parent on
June 9, 2000)
99.1 Registrant press release dated June 9, 2000
