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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 Exchange Act of 1934
September 12, 1996
Date of Report (Date of earliest event reported)
PATTERSON DENTAL COMPANY
(Exact name of registrant as specified in its charter)
Minnesota 0-20572 41-0886515
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(State or other jurisdiction (Commission File No.) (IRS Employer ID No.)
of incorporation)
1031 Mendota Heights Road, St. Paul, Minnesota 55120
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(Address of principal executive offices)
(612) 686-1600
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(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS.
Pursuant to an Asset Purchase Agreement dated as of September 12, 1996,
Patterson Dental Company (the "Company") has agreed to purchase from Deluxe
Corporation, St. Paul, Minnesota ("Deluxe") substantially all of the assets of
the Colwell ("Colwell") division of Deluxe for a purchase price of $60,000,000
plus the assumption of up to $1.5 million of accounts payable and other
liabilities. Colwell, which produces and markets stationery and office supply
products to health care providers, had 1995 sales of approximately $55,000,000.
The acquisition is subject to customary closing conditions including
required governmental approvals.
Funds for the acquisition will be provided by the Company's available cash,
an unsecured line of credit with First Bank National Association and an
unsecured revolving line of credit to be established with PNC Bank National
Association.
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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.
Dated: September 19, 1996 PATTERSON DENTAL COMPANY
By: /s/ Ronald E. Ezerski
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Ronald E. Ezerski
Vice President and Chief Financial
Officer
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