- Amended Current report filing (8-K/A)
March 05 2009 - 3:42PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
(Amendment
No. 1)
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date
of Report:
December 12,
2008
(Date of earliest event reported)
CLST HOLDINGS, INC.
(Exact
name of registrant as specified in its charter)
Delaware
(State or Other Jurisdiction of
incorporation)
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0-22972
(Commission File Number)
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75-2479727
(I.R.S. Employer
Identification No.)
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17304 Preston Road, Suite 420
Dallas, Texas, 75252
(Address of principal executive offices and zip
code)
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(972) 267-0500
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(Registrants telephone number, including area code)
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Check the
appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
o
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))
o
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))
Item 1.01.
Entry into a Material Definitive Agreement
.
This Form 8-K/A amends
the Current Report on Form 8-K filed December 18, 2008 regarding CLST
Holdings, Inc.s (the
Company
) entry
into a purchase agreement, effective as of December 10, 2008, through CLST
Asset Trust II (the
Trust
), a
newly formed trust wholly owned by CLST Asset II, LLC, a wholly owned
subsidiary of CLST Financo, Inc. (
Financo
),
which is one of our direct, wholly owned subsidiaries, under which the Trust
has committed to acquire, subject to certain limitations, on or before February 28,
2009, certain receivables, installment sales contracts and related assets of at
least $2 million owned by SSPE Investment Trust I (the
SSPE
Trust
) and SSPE, LLC (
SSPE
) (the
Purchase Agreement
). The purchases of receivables by the Trust
will be financed by cash on hand and by advances under a non-recourse,
revolving loan, effective as of December 10, 2008, by and among the Trust,
Summit Consumer Receivables Fund, L.P. (
Summit
), as Originator,
SSPE and SSPE Trust, as Co-Borrowers, Summit and Eric J. Gangloff, as Guarantors,
Fortress Credit Corp., as the Lender, Summit Alternative Investments, LLC, as
the Initial Servicer, Lyon Financial Services, Inc., as the backup
servicer, and U.S. Bank National Association, as the collateral custodian (the
Credit Agreement
) and the letter agreement, effective as of
December 10, 2008, among the Trust, Financo, the Originator, the Co-Borrowers,
the Initial Servicer, and the Guarantors (the
Letter
Agreement
).
The sole purpose of this Form 8-K/A
is to file the unredacted versions of the Purchase Agreement, the Credit
Agreement, and the Letter Agreement. A
copy of the unredacted versions of the Purchase Agreement, Credit Agreement,
and Letter Agreement are being furnished as exhibits to this Form 8-K/A
and are incorporated by reference into this item 1.01.
Item
2.03.
Creation of a Direct Financial
Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
.
See the information set
forth under Item 1.01 of this Current Report on Form 8-K, all of which is
incorporated by reference into this Item 2.03.
Item 9.01.
Financial Statements and Exhibits
.
(d)
Exhibits.
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10.1
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Purchase Agreement, dated December 10, 2008.
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10.2
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Credit
Agreement, dated December 10, 2008.
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10.3
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Letter
Agreement, dated December 10, 2008.
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2
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.
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CLST HOLDINGS, INC.
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By:
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/s/ ROBERT A. KAISER
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Robert A. Kaiser
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President, Chief Executive Officer,
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Chief Financial Officer, Treasurer and
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Assistant Secretary
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March 5,
2009
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3
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