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UNITED STATES 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) May 31, 1996
MERIDIAN SPORTS INCORPORATED
(Exact name of registrant as specified in its charter)
Delaware 0-24534 13-3776096
(State or other (Commission (I.R.S. Employer
jurisdiction of File No.) Identification No.)
incorporation)
625 Madison Avenue, New York, NY 10022
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: 212-527-4413
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Item 2. Acquisition or Disposition of Assets
On May 31, 1996, Meridian Sports Incorporated ("Meridian" or
the "Company") sold certain assets to Brunswick Corporation ("Brunswick") and
Brunswick assumed certain liabilities of the Company's wholly owned subsidiary
Boston Whaler, Inc. ("Boston Whaler") pursuant to an Asset Purchase Agreement
among Brunswick, Boston Whaler and the Company, dated as March 29, 1996, for
approximately $26.7 million, subject to adjustment (the "BW Sale"), of which
approximately $25.4 million was used to prepay indebtedness of the Company and
$1.25 million was deposited into escrow for 24 months as security for any
future indemnification claims against the Company or Boston Whaler arising in
connection with the BW Sale.
Item 7. Financial Statements and Exhibits
(b) Pro forma financial information
The required unaudited pro forma financial data are
incorporated by reference to page F-8 to the Company's Form 10-K for the year
ended December 31, 1995 and page 7 to the Company's Form 10-Q for the three
month period ended March 31, 1996.
(c) Exhibits
Exhibit No. Description
1 Asset Purchase Agreement, dated March 29, 1996, among
Brunswick Corporation, Boston Whaler, Inc. and the Company
(incorporated by reference to exhibit 2.3 to Form 10-K dated
March 29, 1996).
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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 hereunto duly authorized.
Date: June 7, 1996
MERIDIAN SPORTS INCORPORATED
By: /s/ Mark L. Wilson
Name: Mark L. Wilson
Title: Executive Vice President
and Chief Financial Officer
