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): January 23, 1996
BE AEROSPACE, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-18348 06-1209796
(State or Other (Commission (IRS Employer
Jurisdiction of File Number) Identification No.)
Incorporation)
1400 Corporate Center Way, Wellington, FL 33414
(Address of principal executive offices) (Zip Code)
Registrant's telephone number: (407) 791-5000
N/A
(Former name or former address, if changed since last report)
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Item 2. Acquisition or Disposition of Assets
Pursuant to an Acquisition Agreement dated as of December 14, 1995 among
BE Aerospace, Inc. (the "Company"), Eagle Industrial Products Corporation,
Eagle Industries, Inc. ("Eagle Industries") and Great American Management and
Investment, Inc., on January 23, 1996, the Company acquired all of the issued
and outstanding capital stock of Burns Aerospace Corporation ("Burns"), a
wholly owned subsidiary of Eagle Industries. Burns manufactured and sold seats
for commercial aircraft throughout the world. Immediately following the
closing of the acquisition, Burns was merged into the Company.
The aggregate purchase price for the acquisition of Burns was
approximately $42.5 million in cash, subject to certain post-closing
adjustments. Of this amount, $2.5 million was placed in escrow to cover
indemnification obligations. The acquisition of Burns was funded with a portion
of the proceeds of an offering of $100 million aggregate amount of 9 7/8%
Senior Subordinated Notes due 2006, the closing of which also occurred on
January 23, 1996. The amount of the purchase price was determined by arms -
length negotiations among the parties.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) Financial Statements of Business Acquired. The financial statements
of Burns were filed with the Company's Registration on Form S-4 (No. 333-
00433) filed with the Commission on January 25, 1996.
(b) Pro Forma Financial Information. The required unaudited pro forma
financial information was filed with the Company's Registration on Form S-4
(No. 333-00433) filed with the Commission on January 25, 1996.
(c) Exhibits. The Acquisition Agreement was filed with the Company's
Current Report on Form 8-K dated December 14, 1995 filed with the Commission on
December 28, 1995.
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SIGNATURE
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.
BE AEROSPACE, INC.
Date: February 6, 1996 By: /s/ Thomas P. McCaffrey
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