SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
to Section 13 or 15 (d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 4, 2014
ZCO LIQUIDATING CORPORATION
(Exact name of registrant as specified in its charter)
(State or other jurisdiction
6373 San Ignacio Avenue
San Jose, California 95119
(Address of principal executive offices)
Registrants telephone number, including area code: (408) 733-8400
OCZ Technology Group, Inc.
(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 obligation of the registrant under any of the
following provisions ( see General Instruction A.2. below):
||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)) |
Item 1.01. Entry into a Material Definitive Agreement.
The information set forth in Item 2.01 below is incorporated by reference into this Item 1.01.
Item 2.01. Completion of Acquisition or Disposition of Assets.
On February 7, 2014, ZCO Liquidating Corporation (the Company) completed the sale of certain assets of the Company and certain of its
wholly-owned subsidiaries (the Power Supply Assets), mainly consisting of its power supply and power management assets, to Firepower Technology, Inc., a Delaware corporation (Firepower). The sale was completed pursuant to an
Asset Purchase Agreement (the Agreement), dated February 4, 2014, between the Company and Firepower and was subject to Sections 105 and 363 of Chapter 11 of Title 11 of the United States Bankruptcy Code, including a marketing
The Agreement provided for consideration to be paid by Firepower in the form of assumption of obligations and payment in cash to the Company of
an aggregate of $850,000. The Company anticipates that the net proceeds from the sale of the Power Supply Assets will be used principally to pay the claims of the Companys creditors. The Company does not expect that any assets will be
available for distribution to stockholders.
Item 8.01. Other Events.
As previously reported, on December 2, 2013, the Company and its wholly-owned domestic subsidiaries filed voluntary petitions (the Chapter 11
Petitions) for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware (the Bankruptcy Court).
On January 16, 2014, the Bankruptcy Court entered an order (the Bar Date Order) establishing the following bar dates for filing proofs of
claim against the Company: (a) March 3, 2014 at 5:00 p.m. Eastern Prevailing Time (the General Bar Date) for all persons and entities other than governmental units or those noted in (c) below, (b) June 2, 2014 at
5:00 p.m. Eastern Prevailing Time for all governmental units and (c) the later of (i) the General Bar Date and (ii) 30 days following the order approving the rejection of an executory contract or unexpired lease for all persons and
entities holding claims arising from the rejection of the executory contract or unexpired lease.
A copy of the Bar Date Order is available for inspection
during regular business hours at the Office of the Clerk of the United States Bankruptcy Court for the District of Delaware, 3rd Floor, 824 N. Market Street, Wilmington, Delaware 19801. In addition, a copy of the Bar Date Order may be viewed on
the internet for a fee at the Bankruptcy Courts website (http://www.deb.uscourts.gov) by following directions for accessing the Bankruptcy Courts electronic filing system on such website, or free of charge on the website
Item 9.01 Financial Statements and Exhibits.
(b) Pro Forma Financial Information.
Due to the
Chapter 11 Petitions and matters related thereto, the Company is unable to provide any pro forma financial information which may be required by this Item.
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
thereunto duly authorized.
|ZCO LIQUIDATING CORPORATION|
/s/ Timothy D. Boates
Timothy D. Boates
Chief Restructuring Officer
Date: February 10, 2014