|
o
|
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
|
|
o
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
|
o
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
|
|
o
|
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
|
|
Syscan
Corporation ("Syscan"), a wholly owned subsidiary of Champion Industries,
Inc. ("Champion"), is lessee under a lease dated September 1, 2004, from
Williams Land Corporation ("Williams Land"), lessor, of land and
building at 3000 Washington Street, Charleston, West Virginia
(the "Property"). The lease was filed as Exhibit 10.3 to Form 8-K filed by
Champion with the Securities and Exchange Commission on September 10,
2004. The lease provides that the lessee has the option to purchase the
Property for the sum of $1.5 million at the end of the lease term on
September 1, 2009, and that if the option to purchase is not exercised,
lessor has the option to require the lessee to purchase the Property for
$1.5 million.
On June 16, 2009 Syscan
notified Williams Land that it has exercised its option to purchase the
Property. Under the terms of the lease, consummation of the Property
purchase is to occur within 45 days after August 31, 2009, and is subject
to satisfaction of all terms and conditions of the
lease.
|
|
|
CHAMPION
INDUSTRIES, INC.
(Registrant)
|
Date: June
16, 2009
|
|
|
|
|
/s/
Todd R. Fry
Todd
R. Fry, Senior Vice President
and
Chief Financial Officer
|