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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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) December 31, 1997
SECURITY ASSOCIATES INTERNATIONAL, INC.
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(Exact Name of Registrant as Specified in Charter)
Delaware 0-20870 87-0467198
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
2101 S. Arlington Heights Road, Suite 100, Arlington Heights, IL 60005-4142
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (847) 956-8650
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ITEM 5. OTHER EVENTS.
On December 31, 1997, Security Associates International, Inc. completed
the sale of One Million shares of its common stock, $.001 par value per share.
The shares were privately placed with a group of accredited investors
consisting of individuals, corporations and privately held investment
companies. No underwriter or placement agent was used. The company received
$5,000,000.00 in consideration in exchange for the shares and realized
approximately $4,980,000.00 after estimated offering expenses of $20,000.00.
The Company has agreed to file a registration statement to register the shares
for resale by no later than September 30, 1998.
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.
SECURITY ASSOCIATES INTERNATIONAL, INC.
/s/ James S. Brannen
Date: January 7, 1998 ------------------------------------
James S. Brannen
President
