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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
MAY 18, 2000
Date of report (Date of earliest event reported)
TELIDENT, INC.
(Exact Name of Registrant as Specified in Charter)
MINNESOTA 0-20887 41-1533060
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification Number)
TEN SECOND STREET N.E., SUITE 212
MINNEAPOLIS, MINNESOTA 55413
(Address of Principal Executive Offices, including Zip Code)
(612) 623-0911
(Registrant's Telephone Number, including Area Code)
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ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
On May 18, 2000, Telident, Inc. ("Telident") consummated its previously
announced sale of substantially all of its assets to Teltronics, Inc.
("Teltronics"). Pursuant to the Agreement of Sale, as amended, Telident
received 662,500 shares of Teltronics' common stock in exchange for
such assets. Telident also announced that it will distribute
approximately one share of Teltronics' common stock for every 7.6
outstanding shares of Telident common stock held of record as of the
close of business on May 30, 2000.
Reference is made to the press release issued to the public by Telident
on May 18, 2000, and attached hereto as Exhibit 99.1, relating to the
closing of the sale of substantially all of Telident's assets to
Teltronics.
ITEM 5. OTHER EVENTS
On May 17, 2000, the shareholders of Telident approved the voluntary
dissolution of Telident at a special meeting of shareholders.
Reference is made to the press release issued to the public by Telident
on May 17, 2000, and attached hereto as Exhibit 99.2, relating to
shareholder approval of the voluntary dissolution of Telident.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(a) Financial Statements of Business Acquired
Not applicable.
(b) Pro Forma Financial Information
Not applicable.
(c) Exhibits
2.1 Agreement of Sale, dated December 31, 1999, by and between
Telident and Teltronics, Inc. (incorporated by reference to
Exhibit 10.1 to the Current Report on Form 8-K filed by
Telident on January 7, 2000).
2.2 Amendment to Agreement of Sale, dated February 16, 2000, by
and between Telident and Teltronics, Inc. (incorporated by
reference to Exhibit 10.1 to the Current Report on Form 8-K
filed by Telident on February 29, 2000).
2.3 Plan of Liquidation and Dissolution of Telident, Inc.,
dated February 14, 2000.
99.1 Press release, dated May 18, 2000.
99.2 Press release, dated May 17, 2000.
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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 on May 31, 2000.
TELIDENT, INC.
By: /s/ Bruce H. Senske
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Bruce H. Senske
Interim Chief Executive Officer
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EXHIBIT INDEX
EXHIBIT
NUMBER DESCRIPTION
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2.1 Agreement of Sale, dated December 31, 1999, by and between
Telident and Teltronics, Inc. (incorporated by reference to
Exhibit 10.1 to the Current Report on Form 8-K filed by Telident
on January 7, 2000).
2.2 Amendment to Agreement of Sale, dated February 16, 2000, by and
between Telident and Teltronics, Inc. (incorporated by reference
to Exhibit 10.1 to the Current Report on Form 8-K filed by
Telident on February 29, 2000).
2.3 Plan of Liquidation and Dissolution of Telident, Inc., dated
February 14, 2000.
99.1 Press release, dated May 18, 2000.
99.2 Press release, dated May 17, 2000.
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