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): November 04, 2009
MONARCH SERVICES, INC.
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(Exact name of registrant as specified in its charter)
Maryland 000-08512 52-1073628
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(State or other jurisdiction (Commission file number) (IRS Employer
of incorporation or organization) Identification No.)
4517 Harford Road, Baltimore, Maryland 21214
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (410) 254-9200
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N/A
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(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))
Item 2.01. Completion of Acquisition or Disposition of Assets.
On November 4, 2009, Girls' Life Plantation Parcel, LLC ("Seller"), a wholly-
owned subsidiary of Monarch Services, Inc. (the "Registrant"), sold a parcel
containing approximately 13 acres of land, plus the building and improvements
thereon erected (the "Property") owned by the seller to Baltimore County,
Maryland, Bureau of Land Acquisition (the "Buyer") pursuant to a Contract
of Sale Agreement revised July 15, 2009 by and among the Seller, Buyer and
Registrant.
The selling price of the property was $624,000. After credit for property
taxes paid by the Company, the gross amount received from the sale was
$626,115.00. Other expenses paid by the Company in advance of the sale
included attorney fees, engineering consultant fees, excavating fees and
surveying fees in the amount of approximately $78,000.
The Registrant intends to distribute the proceeds received from the Seller
in respect of the asset sale to stockholders after the sale of its remaining
assets, and after satisfying all outstanding indebtedness and complying
with all corporate and regulatory requirements.
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: November 05, 2009 By:/s/ Jackson Y. Dott
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Jackson Y. Dott
President and CEO