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): JULY 16, 2001
SAMES CORPORATION
(Exact name of Registrant as specified in its charter)
_____________________________
DELAWARE 001-01416 36-0808480
(State or other jurisdiction Commission file number) (I.R.S. employer
of incorporation) identification no.)
9201 WEST BELMONT AVENUE
FRANKLIN PARK, ILLINOIS 60131
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (847) 737-5970
NOT APPLICABLE
(Former name or former address, if changed since last report)
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
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On July 16, 2001, Sames Corporation (the "Company") announced that the
assets of Sames, S.A., its French subsidiary, were sold to Exel Industries
("Exel"), a French industrial company.
On May 21, 2001, Sames, S.A. filed for bankruptcy under French law. On June
29, 2001, the French bankruptcy court approved the sale of the Sames, S.A.
assets to Exel. Exel will pay 65 million French francs for the assets, which
include all intangible, moveable and real estate assets of Sames, S.A., as well
as its existing inventory stock, in-process inventory and other considerations,
including any contracts to which Sames, S.A. is a party other than contracts
between Sames, S.A. and the Company. At March 31, 2001, the assets of Sames,
S.A. represented 62.7% of the total assets of the Company.
Attached as Exhibit 99.1 to this report is a copy of the press release
relating to the sale, which is incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
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(c). EXHIBITS.
Exhibit 99.1 Press Release dated July 16, 2001.
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SIGNATURES
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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.
SAMES CORPORATION
By: /s/ Ronald A. Koltz
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Date: July 16, 2001 Ronald A. Koltz, Vice President-Controller
Corporate Accounting
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INDEX TO EXHIBITS
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Exhibit
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99.1 Press Release dated July 16, 2001.
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