UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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: March 4, 1999)
BCAM INTERNATIONAL, INC.
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(exact name of registrant as specified in its charter)
NEW YORK 0-18109 13-3228375
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification Number)
1800 WALT WHITMAN ROAD, MELVILLE, NEW YORK 11747
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(Address of principal executive office) (Zip code)
Registrant's telephone number, including area code: (516) 752-3550
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(Former name or address, if changed since last report)
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Item 2. Acquisition or Disposition of Assets
On March 4, 1999, the shareholders of BCAM International, Inc. voted in
favor of a proposal to sell the Company's remaining 33.3% interest in Drew Shoe
Corporation ("Drew") to Impleo, LLC, an affiliate of Wexford Management Inc. and
holder of the Company's 10%/13% Convertible Notes. The vote of the shareholders
was 15,748,202 (67.7%) For, 253,240 (1.1%) Against and 7,850 (0.03%) Abstain.
The sale of Drew is discussed in the following filings with the Securities
and Exchange Commission: (i) Form 8-K filed on November 6, 1998 together with
its Exhibits, (ii) a Definitive Proxy Statement filed on January 29, 1999
together with related Exhibits and Pro-Forma information (which is contained on
pages F-56 through F-58) and (iii) a Form 8-K filed on February 26, 1999
regarding a shareholder derivative action by a shareholder. Such filings contain
greater details of the transaction and the reasons therefore, as well as copies
of the documents regarding such sale and related matters and are incorporated by
reference herein.
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.
BCAM INTERNATIONAL, INC.
By: /s/ Michael Strauss
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Michael Strauss, President
Chairman of the Board and
Chief Executive Officer
Date: March 4, 1999
