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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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):
October 15, 1997 (October 15, 1997)
ANCHOR GAMING
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(Exact name of registrant as specified in its charter)
NEVADA 000-23124 88-0304253
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(State or Other (Commission (IRS Employer
Jurisdiction of File Number) Identification No.)
Incorporation)
815 PILOT ROAD, SUITE G, LAS VEGAS, NEVADA 89119
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (702) 896-7568
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ITEM 5. OTHER EVENTS
On October 15, 1997, the Registrant released the press release attached
hereto as Exhibit 20.1, which press release is incorporated in its entirety
herein by reference. See "Index to Exhibits."
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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 hereto duly authorized.
Date: October 15, 1997
ANCHOR GAMING
By: /s/ GEOFFREY A. SAGE
__________________________________
Geoffrey A. Sage
Corporate Controller
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INDEX TO EXHIBITS
SEQUENTIALLY
DESCRIPTION OF EXHIBIT NUMBERED PAGE
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20.1 Press Release dated October 15, 1997 --
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FOR IMMEDIATE RELEASE October 15, 1997
FOR INFORMATION CONTACT
Michael D. Rumbolz,
President & Chief Operating Officer
or Geoffrey A. Sage, Corporate Controller
(702) 896-7568
ANCHOR GAMING
ADOPTS SHAREHOLDERS' RIGHTS PLAN
LAS VEGAS, NEVADA - Anchor Gaming (NASDAQ--SLOT) announced today that its
Board of Directors has implemented a Shareholders' Rights Plan in which
Rights to purchase shares of Anchor Gaming's Common Stock will be distributed
as a dividend, one Right per share, to record owners of Anchor Gaming's
Common Stock as of the close of business on October 20, 1997. The
Shareholders' Rights Plan was not adopted in response to any known offers for
Anchor Gaming.
Anchor Gaming's Board of Directors notes in a letter to stockholders
that the Plan was designed to require that any potential acquiror seeking to
obtain control of Anchor Gaming treat all Anchor Gaming shareholders fairly
and equally and to deter the use of coercive takeover tactics. The Board also
stated that while it is not aware of any effort to acquire control of Anchor,
"we believe the current environment and Anchor Gaming's strong cash position
make the adoption of the Plan a prudent step to take at this time."
Upon becoming exercisable, each Right entitles holders to purchase an
additional one one-thousandth share of Preferred Stock for $400.00. The
Rights are not exercisable, however, until a person or group acquires more
than 15% of the common stock, announces a tender offer, or takes certain
hostile actions specified in the Plan. Thereafter, the purchase price and
number of shares purchasable may be adjusted if a person or group acquires
more than 15% of the common stock or is determined to be a person not acting
in the long-term best interest of Anchor Gaming and engages in a merger or
other specified transactions involving Anchor Gaming. Details of the Plan and
the Rights are outlined in a letter that is being mailed to all Anchor Gaming
shareholders.
Anchor Gaming is a diversified gaming company that capitalizes on its
experience as an operator and developer of gaming machines and casinos by
developing gaming oriented businesses. Anchor Gaming currently develops and
distributes unique proprietary games, operates two casinos in Colorado, and
operates one of the largest gaming machine routes in Nevada.
