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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or
15(d) of The Securities Act of 1934
Date of Report (Date of earliest event reported): June 29, 1995.
Williams Controls, Inc.
(Exact name of registrant as specified in its charter)
Delaware 0-18083 84-1099587
(State or other (Commission (I.R.S. Employer
jurisdiction) File Number) Identification No.)
14100 SW 72nd Avenue, Portland, Oregon 97224
(Address of principal executive offices)
Registrant's telephone number, including area code: (503) 684-8600
Not Applicable
(Former name or former address, if changed since last report.)
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Item 2. Acquisition or Disposition of Assets
a) On June 29, 1995 Williams Controls Inc. ("the Company") through its
wholly-owned subsidiary, Aptek Williams, Inc. ("Aptek"), exercised its option to
purchase the property and plant of Aptek Technologies, Inc. for $4,600,000. As
previously reported, the Company acquired substantially all of the assets except
real property of Aptek Technologies, Inc. in April 1995. The Company was not
able to complete the acquisition of the real estate pending the resolution of
certain issues related to the underlying title. The real estate portion of the
acquisition was financed by a) a $3,000,000 note, b) $700,000 (211,480 shares)
of the Company's stock, and c) cash.
b) Property, plant and equipment includes a 50,000 square foot manufacturing
plant on approximately 16 acres of land located in Deerfield Beach, Florida. The
Company intends to continue to use this facility for manufacturing purposes.
Item 7. Financial Statements and Exhibits
a)(4) The necessary data to provide the required financial information is not
available at the time of this Form 8-K filing. The required financial
information will be filed no later than September 11, 1995.
b) See a)(4)
c) Exhibits
Exhibit
Number Description
2.1(a) Asset Purchase Agreement by and among the Company, Aptek
Williams, Inc.,Aptek Technologies, Inc.,Hillsboro Realty
Associates and David H. Rush. (Incorporated by reference
to Exhibit 2.1(a) to the Registrant's Quarterly Report
on Form 10Q for the period ended March 31, 1995.)
2.1(b) Closing Agreement and Escrow Agreement by and among
Hillsboro Realty Associates, Aptek Williams, Inc. and
Ricca & Whitmire, P.A. (Incorporated by reference to
Exhibit 2.1(a) to the Registrant's Quarterly Report on
Form 10Q for the period ended March 31, 1995.)
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.
Williams Controls, Inc.
July 12, 1995 _______________________
Dale J. Nelson
Chief Financial Officer
