ALCO CAPITAL RESOURCE INC
8-K, 1997-04-24
PAPER & PAPER PRODUCTS
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<PAGE>
 
                      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 23, 1997

                              IKON CAPITAL, INC.
            (Exact name of registrant as specified in its charter)
                                        
            ------------------------------------------------------

<TABLE>
<CAPTION>
 
 
<S>                                    <C>                       <C>
       DELAWARE                        File No. 0-20405            23-2493042
- ----------------------------           ----------------          --------------
(State or other jurisdiction           (Commission File          (IRS Employer
     of incorporation)                      Number)              Identification
                                                                     Number)
</TABLE>


                    1738 Bass Road, Macon, Georgia              31210
                    ------------------------------              -----
               (Address of principal executive offices)      (Zip Code)


                                (912) 471-2300
              Registrant's telephone number, including area code:


                                Not Applicable
              ---------------------------------------------------
         (Former name or former address, if changed since last report)
<PAGE>
 
Item 5.  Other Events.
         ------------ 

         On April 23, 1997, the Registrant's parent, IKON Office Solutions, Inc.
("IKON") issued a Press Release stating that it was unaware of any reason its
stock, which recently has traded down sharply, should be under pressure. The
Press Release also stated that IKON knows of no material developments concerning
its business or financial statements which have not been publicly disclosed.










Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits.
         ------------------------------------------------------------------ 

         (c)   Exhibits.
               -------- 

         (99)  Press Release dated April 23, 1997
<PAGE>
 
                                   SIGNATURE



       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 thereunto duly authorized.


                                          IKON CAPITAL, INC.



                                          By: /s/ O. Gordon Brewer, Jr.
                                             ----------------------------------
                                                  O. Gordon Brewer, Jr.
                                                  Treasurer



Dated: April 24, 1997
<PAGE>
 
                               Index to Exhibit
                               ----------------



         (99)  Press Release dated April 23, 1997

<PAGE>
 
                                                                      Exhibit 99
<TABLE> 
<CAPTION> 

Contacts:

        <S>                                    <C>                                   <C> 
        Michael N. Kilpatric                   Suzanne C. Shenk                      Susan G. Gaffney
        Vice President, Communications         Manager, Investor  Relations          Manager, Investor Relations                  
        610-993-3662                           610-993-3526                          610-993-3694
</TABLE>

                         IKON OFFICE SOLUTIONS AFFIRMS

                              COMPANY'S STRENGTH

        Valley Forge, Pennsylvania---April 23, 1997---IKON Office Solutions
(NYSE: IKN) today stated that its operations are solid and it was unaware of any
reason its stock, which recently has traded down sharply, should be under
pressure. The company added that it knows of no material developments concerning
its business or financial statements which have not been publicly disclosed.

        "Our office solutions business is strong, and the strategies are in
place to deliver long-term growth to our shareholders," said Chairman and Chief
Executive Officer John E. Stuart. "Our continuing commitment is to manage the
company to significantly build shareholder value over time."

        IKON Office Solutions is one of the world's leading office technology
companies, providing customers with total office solutions from copier and
printing systems, computer networking and digital document services to copy
center management, technology training and electronic file conversion. With
fiscal 1996 revenues of $4 billion, IKON has operations in the U.S., Canada,
Mexico, the United Kingdom, France, Germany and Denmark.

                                      ###


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