Item 8.01 Other Events.
On November 30, 2012, AMCON Distributing Company repurchased 38,000 shares of
its Series B convertible preferred stock, $0.01 par value and 1,255 shares of
its common stock, $0.01 par value. The shares acquired by AMCON were purchased
from Spencer Street Investments, Inc. in a privately negotiated transaction that
was not effected on any trading market. AMCON used cash on hand to pay the
$2,507,075 aggregate purchase price for the shares acquired by it. A total of
16,000 shares of Series B convertible preferred stock remain outstanding. In an
unrelated separate private transaction on November 12, 2012, AMCON also acquired
12,954 common shares for cash and other consideration with an aggregate value of
$825,871 from an independent third party. All shares acquired are being returned
to treasury.
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