UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
Amendment No. 1 to
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES AND EXCHANGE ACT OF 1934
Date of Earliest Event Reported: March 31, 2000
LAHAINA ACQUISITIONS, INC.
(Exact Name of Registrant as specified in its Charter)
Commission File No. 0-27480
Colorado 84-1325695
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(State or other jurisdiction (I.R.S Employer
of incorporation or organization) Identification No.)
5895 Windward Parkway, Suite 220
Alpharetta, Georgia 30005
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(Address of Principal Executive Offices, including Zip Code)
(770) 754-6140
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(Registrant's telephone number, including area code)
Not Applicable
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(Former name or former address, if changed since last report)
Copies to:
Robert E. Altenbach, Esq.
Kutak Rock LLP
Suite 2100
235 Peachtree Street, N.E.
Atlanta, Georgia 30303
(404) 222-4600
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This is Amendment No. 1 to the Registrant's current report on Form 8-K that was
originally filed on March 31, 2000. This Amendment No. 1 is being filed to
report the Second Amendment to Asset Purchase Agreement entered into by and
between Paradigm Mortgage Associates, Inc., and Accent Acquisitions I, Co., a
wholly owned subsidiary of Lahaina Acquisitions, Inc.
<PAGE>
LAHAINA ACQUISITIONS, INC.
FORM 8-K/A
Table of Contents
Page
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Item 2. Acquisition or Disposition of Assets 2
Item 7. Financial Statements and Exhibits 2
Exhibit 2.4 Second Amendment to
Asset Purchase Agreement 3
Signatures 4
<PAGE>
LAHAINA ACQUISITIONS, INC.
FORM 8-K/A
Item 2. Acquisition or Disposition of Assets
On March 20, 2000, Accent Acquisitions I, Co., ("Accent Acquisitions"), a
wholly-owned subsidiary of Lahaina Acquisitions, Inc., ("Lahaina"), completed
its acquisition of certain assets of Paradigm Mortgage Associates, Inc.,
("Paradigm") pursuant to the terms of the Asset Purchase Agreement dated
February 25, 2000 (the "Purchase Agreement"). The parties have entered into the
Second Amendment to the Purchase Agreement (the "Second Amendment") effective as
of March 20, 2000 which provides that the consideration for this acquisition
consists of 500,000 shares of Lahaina common stock valued at approximately
$1,733,000 based upon the average closing price of Lahaina common stock on the
OTC Bulletin Board for several trading days before and after March 20, 2000. The
Second Amendment also reduces the shares of common stock of Lahaina held in
escrow for the payment of indemnification claims by Accent Acquisitions,
transition costs and the performance guarantee from 400,000 shares of common
stock to 300,000 shares of common stock.
Item 7. Financial Statements and Exhibits
(a) Financial Statements of businesses acquired. Not Applicable.
(b) Pro Forma Financial Information. Not Applicable.
(c) Exhibits
2.1 Asset Purchase Agreement dated as of February 25, 2000 by and among
Paradigm Mortgage Associates, Inc., and its Principal Shareholders and Accent
Acquisitions I, Co. +
2.2 First Amendment to Asset Purchase Agreement dated March 20, 2000 by
and among Paradigm Mortgage Associates, Inc., its Principal Shareholders and
Accent Acquisitions I, Co. +
2.3 Escrow Agreement dated February 20, 2000 by and between Accent
Acquisitions I Co., Paradigm Mortgage Associates, Inc. and Kutak Rock LLP. +
2.4. Second Amendment to Asset Purchase Agreement by and between Paradigm
Mortgage Associates, Inc. and Accent Acquisitions, I. Co.
+ - Previously filed.
