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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 Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) March 31, 1997
JUST LIKE HOME, INC.
(Exact name of registrant as specified in its charter)
Florida
(State or other jurisdiction of incorporation) (Commission File No.)
0-25908
3647 Cortez Road West
Bradenton, Florida 34210
(Address of principal executive office)
Registrant's telephone number, including area code: (941) 756-2555
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ITEM 5. OTHER EVENTS
As previously reported, March 18, 1997, Just Like Home, Inc.
("Registrant"), Just Like Home Acquisition Corporation, a Florida corporation
("Acquisition") which is a wholly owned subsidiary of Registrant, and Community
Assisted Living Centers, Inc., a Florida corporation ("Community"), entered into
an Agreement and Plan of Merger ("Merger Agreement") dated February 13, 1997
pursuant to which Community will merge with and into Acquisition (the "Merger"),
and whereby Acquisition will be the surviving corporation and remain a
wholly-owned subsidiary of the Registrant, subject to the terms and conditions
of the Merger Agreement.
On March 14, 1997, Registrant, Acquisition and Community entered into
an amendment to the Merger Agreement, whereby the parties will have until March
31, 1997 to close the Merger anticipated by the Merger Agreement. The Amendment
to the Merger Agreement also provided that as of Monday, March 17, 1997,
Community took operational control of Registrant. Community will use its best
efforts in operating the business and will make such changes as it deems
necessary after consultation and approval of Registrant. In addition, Community
has agreed to fund the operational needs of Registrant based upon Community's
reasonable determination of the cash needs of the Registrant business between
March 17, 1997 and the closing (excluding any capital expenditures or real
estate taxes that may come due during that period).
The Amendment to the Merger Agreement also extend Community's due
diligence period until March 31, 1997.
On March 31, 1997, Registrant, Acquisition and Community entered into
a second amendment to the Merger Agreement, whereby the parties will have until
April 4, 1997 to close the Merger anticipated by the Merger Agreement.
The Amendment to the Merger Agreement also extend Community's due
diligence period until April 4, 1997.
ITEM 7. FINANCIAL STATEMENT AND EXHIBITS
(c) The following documents are filed herewith as exhibits:
99.1 Press Release
99.2 Amendment to Merger Agreement
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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.
JUST LIKE HOME, INC.
/s/ Richard T. Conard, M.D.
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Name: Richard T. Conard, M.D.
Title: Chairman of the Board
Dated: March 31, 1997
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Exhibit 99.1
Tuesday, April 1, 1997 - 9:00 a.m. EST
JUST LIKE HOME, INC. AND COMMUNITY ASSISTED LIVING CENTERS, INC. AMEND MERGER
AGREEMENT
Bradenton, Florida -- March 31, 1997 -- Just Like Home, Inc. ("JLH") announced
today that it had signed an amendment to the merger agreement with Community
Assisted Living Centers, Inc. ("Community") of Nokomis, Florida on March 31,
1997. Under the terms of the Amendment, the parties will have until April 4,
1997 to close the merger and Community will have until April 4, 1997 to
complete its due diligence of JLH.
Contact: John F. Robenalt
President & CEO
COMMUNITY ASSISTED LIVING CENTERS, INC.
(941) 966-2626
or
Richard T. Conard, M.D.
Chairman & CEO
Just Like Home, Inc.
(941) 756-2555
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Exhibit 99.2
AMENDMENT #2 TO
MERGER AGREEMENT
THIS AMENDMENT #2 TO MERGER AGREEMENT (the "Agreement") entered into
as of ____, 1997, by and among JUST LIKE HOME, INC., a Florida corporation
("JLH") whose principal address is 3647 Cortez Road West, Bradenton, Florida
34210-3106, JLH ACQUISITION CORPORATION, a Florida corporation and a
wholly-owned Subsidiary of JLH (the "Acquisition Company") whose principal
address is 3647 Cortez Road West, Bradenton, Florida 34210-3106, and COMMUNITY
ASSISTED LIVING CENTERS, INC., a Florida corporation ("CALCI") whose principal
address is 2440 Tamiami Trail North, Nokomis, Florida 34275. JLH, the
Acquisition Company, and CALCI are referred to collectively herein as the
"Parties."
RECITALS:
A. On February 14, 1997 JLH, the Acquisition Company and CALCI
entered into a Merger Agreement (the "Merger Agreement") that contained certain
provisions regarding an Acquisition Audit.
B. JLH, the Acquisition Company and CALCI determined that there
was a need to extend the Acquisition Audit period until March 31, 1997. As a
result of the extension of the Acquisition Audit, the closing of the merger was
also extended to March 31, 1997.
C. JLH, the Acquisition Company and CALCI have determined that
there is a need to extend the Acquisition Audit period further until April 4,
1997.
D. As a result of the extension of the Acquisition Audit, the
closing of the merger is also extended to April 4, 1997.
Now, therefore, in consideration of the premises and the mutual
promises herein made, and in consideration of the representations, warranties,
and covenants herein contained, the Parties agree as follows.
1. EXTENSION OF ACQUISITION AUDIT. JLH, the Acquisition Company
and CALCI hereby agree that the Acquisition Audit shall be extended until April
4, 1997.
2. EXTENSION OF CLOSING. JLH, the Acquisition Company and CALCI
hereby agree the closing of the merger shall and by this document, hereby is
extended to April 4, 1997.
3. REVISION OF TERMINATION PROVISION. JLH, the Acquisition
Company and CALCI hereby agree that any provisions regarding termination based
upon the closing not occurring within thirty days of the date of execution of
the Merger Agreement shall be extended to April 4, 1997.
4. CONTROLLING PROVISIONS. All the remaining provisions,
representations, warranties and covenants of the Merger Agreement and Amendment
#1 shall remain in full force and effect. Should there be any conflict with
this Agreement and the Merger Agreement, Amendment #1 and Amendment #2 then
this Agreement shall control.
5. MISCELLANEOUS.
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(a) Survival. None of the representations, warranties, and
covenants of the Parties (other than the provisions in Section 2 of the Merger
Agreement concerning payment of the Merger Consideration and the provisions in
Section 5 of the Merger Agreement concerning insurance and indemnification)
will survive the Effective Time.
(b) Press Releases and Public Announcements. No Party shall issue
any press release or make any public announcement relating to the subject
matter of this Agreement without the prior written approval of the other
Parties; provided, however, that any Party may make any public disclosure which
is required by applicable law or any listing or trading agreement concerning
its publicly-traded securities (in which case the disclosing Party will use its
best efforts to advise the other Party in writing at least ten (10) days prior
to making the disclosure.
(c) No Third Party Beneficiaries. This Agreement shall not confer
any rights or remedies upon any Person other than the Parties and their
respective successors and permitted assigns; provided, however, that the
provisions in Section 2 above concerning payment of the Merger Consideration
are intended for the benefit of CALCI Stockholders.
(d) Succession and Assignment. This Agreement shall be binding
upon and inure to the benefit of the Parties named herein and their respective
successors and permitted assigns. No Party may assign either this Agreement or
any of its rights, interests, or obligations hereunder without the prior
written approval of the other Parties.
(e) Counterparts. This Agreement may be executed in one or more
counterparts, each of which shall be deemed an original but all of which
together will constitute one and the same instrument.
(f) Headings. The section headings contained in this Agreement are
inserted for convenience only and shall not affect in any way the meaning or
interpretation of this Agreement.
(g) Notices. All notices, requests, demands, claims, and other
communications hereunder will be in writing. Any notice, request, demand,
claim, or other communication hereunder shall be deemed duly given if (and then
two business days after) it is sent by registered or certified mail, return
receipt requested, postage prepaid, and addressed to the intended recipient as
set forth below:
If to CALCI: Community Assisted Living Centers, Inc.
ATTN: John F. Robenalt, President & CEO
2440 Tamiami Trail North
Nokomis, Florida 34275
tel.: (941) 966-3636
fax: (941) 966-6678
Copy to: Richard Wright
Gilmore & Bell
Plaza Steppes Building, Suite 400
700 West 47th Street
Kansas City, Missouri 64112
tel: 816.931.7500
fax: 816.931.7599
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If to JLH: Just Like Home, Inc.
ATTN: Richard M. Conard, M.D., Chairman
3647 Cortez Road West
Bradenton, Florida 34210-3106
tel.: 941.756.2555
fax: 941.755.1845
Copy to: William J. Schifino, Esq.
Schifino & Fleischer, P.A.
201 North Franklin Street, Suite 2700
Tampa, Florida 33602
tel.: 813.223.1535
fax: 813.223.3070
If to the Acquisition Company:
Just Like Home Acquisition Company
3647 Cortez Road West
Bradenton, Florida 34210-3106
tel.: 941.756.2555
fax: 941.755.1845
Copy to: William J. Schifino, Esq.
Schifino & Fleischer, P.A.
201 North Franklin Street, Suite 2700
Tampa, Florida 33602
tel.: 813.223.1535
fax: 813.223.3070
Any Party may send any notice, request, demand, claim, or other
communication hereunder to the intended recipient at the address set forth
above using any other means (including personal delivery, expedited courier,
messenger service, telecopy, telex, ordinary mail, or electronic mail), but no
such notice, request, demand, claim, or other communication shall be deemed to
have been duly given unless and until it actually is received by the intended
recipient. Any Party may change the address to which notices, requests,
demands, claims, and other communications hereunder are to be delivered by
giving the other Parties notice in the manner herein set forth.
(h) Governing Law. This Agreement shall be governed by and
construed in accordance with the domestic laws of the State of Florida without
giving effect to any choice or conflict of law provision or rule (whether of
the State of Florida or any other jurisdiction) that would cause the
application of the laws of any jurisdiction other than the State of Florida.
(i) Amendments and Waivers. The Parties may mutually amend any
provision of this Agreement at any time prior to the Effective Time with the
prior authorization of their respective boards of directors; provided, however,
that any amendment effected subsequent to stockholder approval will be subject
to the restrictions contained in the Florida General Corporation Law. No
amendment of any provision of this Agreement shall be valid unless the same
shall be in writing and signed by all of the Parties. No waiver by any Party of
any default, misrepresentation, or breach of warranty or covenant hereunder,
whether intentional or not, shall be deemed to extend to any prior or
subsequent default,
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misrepresentation, or breach of warranty or covenant hereunder or affect in any
way any rights arising by virtue of any prior or subsequent such occurrence.
(j) Severability. Any term or provision of this Agreement that is
invalid or unenforceable in any situation in any jurisdiction shall not affect
the validity or enforceability of the remaining terms and provisions hereof or
the validity or enforceability of the offending term or provision in any other
situation or in any other jurisdiction.
(k) Expenses. Each of the Parties will bear its own costs and
expenses (including legal fees and expenses) incurred in connection with this
Agreement and the transactions contemplated hereby.
(l) Construction. The Parties have participated jointly in the
negotiation and drafting of this Agreement. In the event an ambiguity or
question of intent or interpretation arises, this Agreement shall be construed
as if drafted jointly by the Parties and no presumption or burden of proof
shall arise favoring or disfavoring any Party by virtue of the authorship of
any of the provisions of this Agreement. Any reference to any federal, state,
local, or foreign statute or law shall be deemed also to refer to all rules and
regulations promulgated thereunder, unless the context otherwise requires. The
word "including" shall mean including without limitation.
(m) Incorporation of Exhibits and Schedules. The Exhibits and
Schedules identified in this Agreement are incorporated herein by reference and
made a part hereof.
(n) Costs. Unless otherwise stated herein, the Parties will each
be solely responsible for and bear all of their own respective expenses,
including, without limitation, expenses of legal counsel, accountants, and
other advisors, incurred at any time in connection with pursuing or
consummating this Agreement, and the transactions contemplated thereby. In the
event any party takes legal action to enforce any of the terms of this
Agreement, the prevailing party to such action shall not be entitled to
reimbursement for such party's expenses, including reasonable attorney's fees,
incurred in such action.
IN WITNESS WHEREOF, the Parties hereto have executed this Agreement on
the date first above written.
JUST LIKE HOME, INC.
By: /s/ Richard T. Conard
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Its: Chairman
JLH ACQUISITION
CORPORATION
By: /s/ Richard T. Conard
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Its: President
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COMMUNITY ASSISTED
LIVING CENTERS, INC.
By: /s/ John F. Robenalt
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John F. Robenalt, President & CEO
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