UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report: June 5, 1997
Anicom, Inc.
(Exact Name of Registrant as Specified in Charter)
Delaware 0-25364 36-3885212
(State or Other Jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
6133 North River Road, Suite 1000, Rosemont, Illinois 60018
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (847) 518-8700
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Item 5. Other Events.
On June 5, 1997, the Registrant issued the press release attached as
Exhibit 99.1. The information contained in this press release is incorporated
herein by reference.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
99.1 News Release of Registrant dated June 5, 1997
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SIGNATURES
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.
Anicom, Inc.
Dated: June 5, 1997 By:/S/DONALD C. WELCHKO
Donald C. Welchko
Chief Financial Officer
EXHIBIT 99.1
ANICOM ANNOUNCES TWO ADDITIONAL DIRECTORS;
COMPLETES PRIVATE PLACEMENT OF PREFERRED STOCK
ROSEMONT, ILL., JUNE 5, 1997 -- Anicom, Inc. (Nasdaq: ANIC), a specialist in the
sale and distribution of multimedia wiring products, today announced that Peter
Huizenga and Thomas Reiman will join Anicom's board of directors. Mr. Huizenga
is president of Huizenga Capital Management and co-founder of Waste Management,
Inc. Mr. Reiman is senior vice president - State and Governmental Affairs of
Ameritech. Anicom's board now consists of eleven members, including six outside
directors. Alan Anixter, Anicom's chairman of the board, said "We are excited to
add two distinguished and experienced directors of Mr. Huizenga's and Mr.
Reiman's caliber. We look forward to the valuable contributions they will make
as we continue to pursue our integrated growth strategy."
Anicom also announced that it has completed the sale and issuance of convertible
preferred stock in a private placement that raised $27 million before expenses.
The investor group included Cahill Warnock Strategic Partners Fund, Fleming
Capital Management and Huizenga Capital Management. On or before June 30, 1997,
Anicom intends to file with the Securities and Exchange Commission a
registration statement for the resale of the common stock issuable upon
conversion of the preferred stock. The Company plans to use the proceeds from
the sale for ongoing acquisition opportunities and general corporate purposes.
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Coopers & Lybrand L.L.C. served as financial advisor to Anicom in the private
placement. The securities offered in the private placement have not been
registered under the Securities Act of 1933 and may not be offered or sold in
the United States absent registration or an applicable exemption from the
registration requirements of the Securities Act of 1933.
Anicom is a national leader in the sale and distribution of multimedia
technology products, with over 40 locations nationwide. The company provides
products that "interconnect the Internet" and are used in the growing global
communications industry. Since its initial public offering in February, 1995,
Anicom has acquired nine companies and opened more than 20 locations. Revenues
for the year ended December 31, 1996 were $116 million, compared to $29 million
for the year ended December 31, 1995. Revenues for the first quarter ended March
31, 1997 were $45 million , compared to $15 million for the first quarter ended
March 31, 1996.
In compliance with the Safe Harbor Provision of the Private Securities
Litigation Reform Act of 1995, the company notes the statements contained in
this press release that are not historical facts may be forward-looking
statements that are subject to a variety of risks and uncertainties more fully
described in Anicom's filings with the Securities and Exchange Commission
including, without limitation, those described under "Risk Factors" in Anicom's
Resale Prospectus dated November 15, 1996 and in Anicom's Annual Report on Form
10-KSB for the year ended December 31, 1996. Anicom wishes to caution readers of
this press release that these risks and uncertainties could cause Anicom's
actual results in 1997 and beyond to differ materially from those expressed in
any forward-looking statements made by, or on behalf of, Anicom. These risks and
uncertainties include, without limitation, general economic and business
conditions affecting the industries of Anicom's customers in existing and new
geographical markets, competition from, among others, national and regional
distributors, the availability of sufficient capital, Anicom's ability to
identify the right product mix and to maintain sufficient inventory to meet
customer demand, Anicom's ability to successfully acquire and integrate the
operations of additional businesses and Anicom's ability to operate effectively
in geographical areas in which it has no prior experience.
