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
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 10, 2002
(September 30, 2002)
METATEC INTERNATIONAL, INC.
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(Exact name of registrant as specified in its charter)
Ohio 0-9220 31-1647405
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(State or other jurisdiction of (Commission (IRS Employer
incorporation) File Number) Identification No.)
7001 Metatec Boulevard, Dublin, Ohio 43017
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (614) 761-2000
Not Applicable
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(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE
SALE OF EUROPEAN CD-ROM OPERATIONS
Pursuant to an agreement dated as of September 30, 2002, Metatec
International, Inc. (the "Company") sold its European CD-ROM manufacturing
operations in Breda, The Netherlands, to Nimbus, a Netherlands-based private
investment group. The transaction was structured as a sale of all of the shares
of Metatec's European subsidiary to Nimbus. The shares were sold in exchange for
the assumption of the European subsidiary's liabilities as of August 31, 2002.
The Company and Nimbus also entered into a service agreement for the transition
of certain manufacturing and support functions. In connection with such sale,
the Company agreed to not directly market certain of its products in The
Netherlands to new customers. The Company anticipates that it will report a
non-cash charge against earnings of approximately $2.4 million associated with
sale of the Breda operations.
A copy of the press release announcing the foregoing matters is
filed herewith as Exhibit 99.1.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits.
Exhibit
Number Description of Exhibit
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99.1 Press release issued by Metatec International, Inc. on October 3,
2002.
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.
METATEC INTERNATIONAL, INC.
Date: October 10, 2002 By /s/ Gary W. Qualmann
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Gary W. Qualmann
Chief Financial Officer
(authorized signatory)
EXHIBIT INDEX
Exhibit
Number Description of Exhibit
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99.1 Press release issued by Metatec International, Inc. on October 3, 2002.