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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): September 12, 2000
Commission file number: 333-41939
STELLEX TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
Delaware 13-3971931
(State or Other Jurisdiction of (IRS Employer Identification No.)
Incorporation or Organization)
680 Fifth Avenue, 8th Floor
New York, New York 10019
(212) 931-5260
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ITEM 3. BANKRUPTCY
On September 12, 2000, the registrant and each of its subsidiaries filed for
protection under Chapter 11 of Title 11 of the United States Code in the
Bankruptcy Court for the District of Delaware (Case #00-3587), and has retained
possession of its assets and is authorized under the Bankruptcy Code to continue
the operation of its business as a debtor-in-possession. The Bankruptcy Court
entered an Interim Financing Order on September 13, 2000 pursuant to which the
senior lender may make post-petition loans and advances to the registrant.
Subsequently, on September 14, 2000, the registrant entered into a
Debtor-in-Possession Credit Agreement with its senior lenders providing for a
$36 million revolving credit facility which is awaiting approval from the
Bankruptcy Court at a final hearing on October 2, 2000.
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.
Stellex Technologies, Inc.
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(Registrant)
Dated: September 26, 2000 /s/ Christopher Bernhardt
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Christopher Bernhardt
President and CEO
