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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
Date of Report (Date of earliest event reported) April 30, 1997
UNIVERSAL OUTDOOR, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
ILLINOIS 333-12427 36-2827496
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(STATE OR OTHER JURISDICTION (COMMISSION (IRS EMPLOYER
OF INCORPORATION OR ORGANIZATION) FILE NO.) IDENTIFICATION NO.)
321 NORTH CLARK STREET, SUITE 1010, CHICAGO, ILLINOIS 60610
REGISTRANT'S TELEPHONE NUMBER: (312) 644-8673
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ITEM 5. The registrant issued the following press release:
FOR IMMEDIATE RELEASE
Contact: Brian T. Clingen
Chief Financial Officer
Universal Outdoor, Inc.
(312) 644-8673
UNIVERSAL OUTDOOR, INC. EXTENDS EXCHANGE OFFER
FOR ITS OUTSTANDING
9 3/4% SERIES B SENIOR SUBORDINATED NOTES DUE 2006
TO 5:00 P.M., EASTERN STANDARD TIME, ON MAY 6, 1997
(Chicago, Illinois, April 30, 1997) Universal Outdoor, Inc. ("Universal")
announced today that it has extended its registered exchange offer (the
"Exchange Offer") for its outstanding 9 3/4% Series B Senior Subordinated
Notes due 2006 (the "Old Notes") from 5:00 p.m., Eastern Standard time, on
April 29, 1997 to 5:00 p.m., Eastern Standard time, on May 6, 1997. In its
Exchange Offer, Universal is offering to exchange an aggregate principal
amount of up to $100 million of its 9 3/4% Series B Senior Subordinated
Exchange Notes due 2006 (the "New Notes") which have been registered under
the Securities Act of 1933, as amended (the "Securities Act"), for a like
principal amount of the Old Notes.
The terms of the Exchange Offer are contained in an Exchange Offer prospectus
and related letter of transmittal.
According to a preliminary count by United States Trust Company of New York
(the "Exchange Agent") as of the close of business on April 29, 1997,
approximately $99 million principal amount of the Old Notes had been tendered
for exchange by the holders of such notes.
Questions and requests for assistance, requests for additional copies of the
Exchange Offer prospectus or the related letter of transmittal and requests
for Notices of Guaranteed Delivery should be directed to the Exchange Agent
at (800) 548-6565. This announcement is not an offer. The Exchange Offer
will be made only by means of a written prospectus satisfying the
requirements of Section 10 of the Securities Act.
Universal is a wholly-owned subsidiary of Universal Outdoor Holdings, Inc.
(Nasdaq: UOUT) which is a leading outdoor advertising company and currently
operates over 31,000 displays in 23 Midwestern, Southeastern and East Coast
Markets.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Universal Outdoor, Inc.
April 30, 1997 /s/ Brian T. Clingen
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Brian T. Clingen
Vice President and Chief Financial Officer
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