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): September 20, 1996
SCOTT'S LIQUID GOLD-INC.
(Exact name of Registrant as specified in its charter)
Colorado 0-12343 84-0920811
(State or other (Commission (I.R.S. Employer
jurisdiction File Number) Identification No.)
of incorporation)
4880 Havana Street, Denver, CO 80239
(Address of principal executive offices) (Zip Code)
Registrant's telephone number: (303) 373-4860
Item 5. Other Events.
Scott's Liquid Gold-Inc. (the "Company") has announced the sale of
manufacturing equipment, inventories, patents, trade names and goodwill of
Aquafilter Corporation, a wholly-owned subsidiary of the Company. This sale
occurred on September 20, 1996. A copy of the press release dated September 26,
1996, with respect to this matter is attached as Exhibit 1 to this Report and is
incorporated herein by reference.
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.
Scott's Liquid Gold-Inc.
(Registrant)
Date: September 26, 1996 By: /s/ Barry Shepard
Barry Shepard, Treasurer
EXHIBIT INDEX
Exhibit No. Document
1 Press Release of Scott's Liquid Gold-Inc.
dated September 26, 1996
EXHIBIT 1
Press Release of Scott's Liquid Gold-Inc.
dated September 26, 1996
SCOTT'S LIQUID GOLD-INC.
SELLS ASSETS OF SUBSIDIARY
Denver - (BW)-- September 26, 1996. Scott's Liquid Gold-Inc., trading on
the NYSE under the symbol SGD, announced today that, effective September 20,
1996, its wholly-owned subsidiary, Aquafilter Corporation of Fort Lauderdale,
Florida, sold its manufacturing equipment, inventories, patents, trade names and
goodwill to Lee Pharmaceuticals, Inc. of South El Monte, California for
$800,000. Aquafilter produced a line of disposable cigarette filters and
accounted for 2.1% of the Company's consolidated net sales in 1995. All other
assets of the subsidiary, primarily its land and building, accounts receivable,
and cash, remained the property of Aquafilter Corporation, and all liabilities
continued to be the subsidiary's obligations. The Company stated that it
intends to list and sell Aquafilter's land and building located in Fort
Lauderdale.
Contact: SCOTT'S LIQUID GOLD-INC.
Barry Shepard, Treasurer
Carolyn Anderson, Exec. Vice President
303/373-4860
