- Current report filing (8-K)
August 12 2009 - 10:35AM
Edgar (US Regulatory)
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): August 6, 2009
MONARCH SERVICES, INC.
(Exact name of registrant as specified in its charter)
Maryland 000-08512 52-1073628
-------- --------- ----------
(State or other jurisdiction (Commission file number) (IRS Employer
of incorporation or organization) Identification No.)
|
4517 Harford Road, Baltimore, Maryland 21214
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (410) 254-9200
N/A
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligations of the registrant under any
of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
INFORMATION TO BE INCLUDED IN THE REPORT
Item 2.01. Completion of Acquisition or Disposition of Assets.
On August 6, 2009, Girls' Life Plantation Mansion, LLC ("Seller"), a wholly-
owned subsidiary of Monarch Services, Inc. (the "Registrant"), sold the
property known as 12450 Dulaney Valley Road, Baltimore, County, Maryland
21131 (the "Property") owned by the seller to Xiao Fei Li and Xiaobing Wang
(the "Buyers") pursuant to an Contract of Sale Agreement dated June 25,
2009 by and among the Seller, Buyer and Registrant.
The selling price of the property was $560,000 less settlement costs of
$30,820.
The Registrant intends to distribute the proceeds received from the Seller
in respect of the asset sale to stockholders after the sale of its remain-
ing asset, the land, and after satisfying all outstanding indebtedness and
complying with all corporate and regulatory requirements.
The Company continues to pursue the sale of its remaining asset, the land,
to Baltimore County, Maryland. The Company expects this sale to go to
settlement in November 2009. At that time the Company will begin the
process of distributing its cash assets to stockholders after satisfying
all outstanding indebtedness and complying with all corporate and regulatory
requirements.
This report on Form 8-K contains forward-looking statements as defined by
the Private Securities Litigation Reform Act of 1995. Forward-looking
statements do not represent historical facts, but rather statements about
management's beliefs, plans and objectives about the future, as well as
its assumptions and judgments concerning such beliefs, plans and objectives.
These statements are evidenced by terms such as "anticipate", "estimate",
"should", "expect", "believe", "intend", and similar expressions. Although
these statements reflect management's good faith beliefs and projections,
they are not guarantees of future performance and they may not prove true.
These projections involve risk and uncertainties that could cause actual
results to differ materially from those addressed in the forward-looking
statements. These risks and uncertainties include, but are not limited
to, changes in general economic, market, or business conditions; changes
in laws or regulations or policies of federal and state regulators and
agencies; and other circumstances beyond the control of the Corporation.
Consequently, all of the forward-looking statements made in this report
are qualified by these cautionary statements, and there can be no assurance
that the actual results anticipated will be realized, or if substantially
realized, will have the expected consequences on the Company's business
or operations.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned, thereunto duly authorized.
MONARCH SERVICES, INC.
Dated: August 12, 2009 By:/s/ Jackson Y. Dott
-------------------------
Jackson Y. Dott
President and CEO
|
Monarch Services (CE) (USOTC:MAHI)
Historical Stock Chart
From Oct 2024 to Nov 2024
Monarch Services (CE) (USOTC:MAHI)
Historical Stock Chart
From Nov 2023 to Nov 2024