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ABM > SEC Filings for ABM > Form 8-K on 4-Nov-2008All Recent SEC Filings

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Form 8-K for ABM INDUSTRIES INC /DE/


4-Nov-2008

Other Events


Item 8.01. Other Events
On October 31, 2008, ABM Industries Incorporated (the "Company"), Amtech Lighting Services, Amtech Lighting Services of the Midwest, and Amtech Lighting and Electrical Services, each of which is a subsidiary of the Company (the Company and such subsidiaries collectively, the "Sellers") completed the sale of substantially all of the assets of the Sellers which relate to the Company's lighting business, excluding accounts receivable and certain other assets, to Sylvania Lighting Services Corp .
The assets sold included customer contracts, facility leases, inventory and other assets, as well as rights to the name "Amtech Lighting". The consideration paid in connection with such sale was approximately $33.9 million in cash, which included certain adjustments, payment to the Company of $600,000 pursuant to a transition services agreement, and which is subject to certain post-closing adjustments, and the assumption of certain liabilities under certain contracts and leases relating to the period after the closing. A copy of the press release announcing the closing of such sale is attached hereto as Exhibit 99.1 which is incorporated into this item by reference. Item 9.01. Financial Statements and Exhibits.
(c) Exhibits.
99.1 Press Release issued by ABM Industries Incorporated, dated October 31, 2008.


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