<PAGE> 1
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: September 18, 2000
VIDEO UPDATE, INC.
--------------------------------------------------------------------------------
(Exact Name of Registrant as Specified in Its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
0-24346 41-1461110
------------------------------------ ------------------------------------
(Commission File Number) (I.R.S. Employer Identification No.)
3100 World Trade Center, 30 East Seventh Street, St. Paul, Minnesota 55101
--------------------------------------------------------------------------------
(Address of Principal Executive Offices) (Zip Code)
(651) 312-2222
--------------------------------------------------------------------------------
(Registrant's Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
<PAGE> 2
TABLE OF CONTENTS
FORM 8-K
Date of Report: September 18, 2000
<TABLE>
<CAPTION>
Item Page
---- ----
<S> <C> <C>
Item 3. Bankruptcy or Receivership. 1
Item 7. Financial Statements and Exhibits. 1
Signature 2
Exhibits E-1
</TABLE>
<PAGE> 3
ITEM 3. BANKRUPTCY OR RECEIVERSHIP.
On September 18, 2000, Video Update, Inc. (the "Company") filed a
voluntary petition for relief under Chapter 11 of the United States Bankruptcy
Code in the United States Bankruptcy Court for the District of Delaware. The
case has been assigned docket numbers 00-3663 through 00-3683.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
A. FINANCIAL STATEMENTS OF BUSINESSES ACQUIRED.
Not Applicable
B. PRO FORMA FINANCIAL INFORMATION.
Not Applicable
C. EXHIBITS.
The following exhibits are filed with this report:
Exhibit No. Title
99 Press Release
1
<PAGE> 4
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.
Video Update, Inc.
Dated: September 20, 2000 By: /s/ Daniel A. Potter
---------------------------------
Daniel A. Potter
Chairman and Chief Executive Officer
2
<PAGE> 5
EXHIBIT INDEX
Exhibit No. Description
----------- -----------
99 Press Release
E-1
