-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HMWmll+LFDjKmVRx9AKEM0dsrP2xCsISNi52n6mvFP0F43mTbPElXyemOMmyBLT1 +a3Lvkg5rzUiDIz65AgfCw== 0000950148-02-001593.txt : 20020625 0000950148-02-001593.hdr.sgml : 20020625 20020624211055 ACCESSION NUMBER: 0000950148-02-001593 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20020618 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020625 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HAWTHORNE FINANCIAL CORP CENTRAL INDEX KEY: 0000046267 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 952085671 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-01100 FILM NUMBER: 02685901 BUSINESS ADDRESS: STREET 1: 2381 ROSECRANS AVE CITY: EL SEGUNDO STATE: CA ZIP: 90245 BUSINESS PHONE: 3107255000 MAIL ADDRESS: STREET 1: 2381 ROSECRANS AVE CITY: EL SEGUNDO STATE: CA ZIP: 90245 8-K 1 v825908ke8vk.htm FORM 8-K HAWTHORNE FINANCIAL CORPORATION FORM 8-K
Table of Contents

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): June 18, 2002

Hawthorne Financial Corporation
(Exact name of registrant as specified in its charter)

     
Delaware   95-2085671
(State or other jurisdiction of
incorporation or organization)		   (I.R.S. employer
identification number)

Commission file number: 0-1100

2381 Rosecrans Avenue
El Segundo, California 90245
(Address of principal executive offices and zip code)

Registrant’s telephone number, including area code: (310) 725-5000

Not applicable
(Former name or former address, if changed since last report)

 

Item 5. Other Events
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
SIGNATURES
EXHIBIT INDEX
EXHIBIT 99.1
EXHIBIT 99.2

Table of Contents

INCLUDED INFORMATION

Item 5. Other Events

Hawthorne Financial Corporation has issued press releases concerning the following matters: (i) the announcement that, on June 17, 2002, its board of directors authorized the repurchase of 500,000 shares of its common stock at $29.09 per share (the “Repurchase”) from TF Investors, L.P., FW Trinity Limited Investors, L.P., Lee M. Bass, Sid R. Bass, The Sid R. Bass Management Trust and The Bass Management Trust (the “Bass Group”) and (ii) the announcement that the Repurchase was completed on June 21, 2002.

A copy of related press releases issued by Hawthorne Financial Corporation are attached as exhibits 99.1 and 99.2 hereto and are incorporated herein by reference in their entirety.

Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
     
Exhibit 99.1   Press release dated June 18, 2002
Exhibit 99.2   Press release dated June 21, 2002

 

Table of Contents

SIGNATURES

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 hereunto duly authorized.
     
  HAWTHORNE FINANCIAL CORPORATION
 
 
  By:  /s/ Simone F. Lagomarsino
 
  Simone F. Lagomarsino
President and Chief Executive Officer
(principal executive officer)

Date: June 24, 2002

 

Table of Contents

EXHIBIT INDEX

     
Exhibit No.   Description
 
99.1   Press release dated June 18, 2002
99.2   Press release dated June 21, 2002

  EX-99.1 3 v825908kexv99w1.htm EXHIBIT 99.1 HAWTHORNE FINANCIAL CORPORATION EXHIBIT 99.1

 

EXHIBIT 99.1

HAWTHORNE LOGO

June 18, 2002
IMMEDIATE RELEASE
     
Contact:   Ms. Simone Lagomarsino, President and Chief Executive Officer (310) 725-5631
Ms. Karen Abajian, Chief Financial Officer (310) 725-1890

HAWTHORNE FINANCIAL CORPORATION ANNOUNCES STOCK
REPURCHASE FROM BASS GROUP

EL SEGUNDO, California, June 18, 2002 — The Board of Directors of Hawthorne Financial Corporation (NASDAQ: HTHR), parent company of Hawthorne Savings, F.S.B. (“Hawthorne”), authorized the repurchase of 500,000 shares of common stock for $29.09 per share from TF Investors, L.P., FW Trinity Limited Investors, L.P., Lee M. Bass, Sid R. Bass, The Sid R. Bass Management Trust and The Bass Management Trust (the “Bass Group”). Prior to the repurchase, members of the Bass Group will exercise warrants to purchase an aggregate of 314,978 shares of common stock. The effect of this repurchase is to reduce outstanding shares by 185,022 shares, or 3.1 percent, to 5,702,826 shares, and to reduce fully diluted shares by 478,550 shares, or 6.1 percent, to 7,353,352, at June 12, 2002. The agreement was reached to repurchase the shares after the market closed on Monday, June 17, 2002. The Company will utilize cash on hand to fund the repurchase.

This stock repurchase reduces the Bass Group’s beneficial stock ownership of Hawthorne from 975,896 shares or 14.6 percent at June 12, 2002, to 475,896 shares, or 7.7 percent.

Prior to this transaction, since March 2000, the Company has repurchased 555,402 shares at an average price of $11.74 per share. Under previous authorizations to repurchase common stock or senior notes, the Company has the remaining capacity to repurchase approximately 115,000 shares of common stock.

“When the Bass group decided to reduce their holdings, we were extremely pleased to be able to work with them to repurchase the shares directly,” said Hawthorne President and Chief Executive Officer Simone Lagomarsino. “We believe the repurchase is in the best interests of our shareholders.”

Hawthorne Financial Corporation is traded on NASDAQ and has $1.9 billion in total assets. The company’s wholly owned subsidiary Hawthorne Savings, F.S.B., operates nine branches in Southern California and is a real estate secured lender. For more information, please visit Hawthorne Financial Corporation’s website at: www.hawthornesavings.com.

  EX-99.2 4 v825908kexv99w2.htm EXHIBIT 99.2 HAWTHORNE FINANCIAL CORPORATION EXHIBIT 99.2

 

EXHIBIT 99.2

HAWTHORNE LOGO

June 21, 2002
IMMEDIATE RELEASE
     
Contact:   Ms. Simone Lagomarsino, President and Chief Executive Officer (310) 725-5631
Ms. Karen Abajian, Chief Financial Officer (310) 725-1890

HAWTHORNE FINANCIAL CORPORATION COMPLETES STOCK
REPURCHASE FROM BASS FAMILY

EL SEGUNDO, California, June 21, 2002 — Hawthorne Financial Corporation (NASDAQ: HTHR), parent company of Hawthorne Savings, F.S.B. (“Hawthorne”), announced today that it completed the previously announced repurchase of 500,000 shares of common stock for $29.09 per share from members of the Bass Family.

* * *

Hawthorne Financial Corporation is traded on NASDAQ and has $1.9 billion in total assets. The company’s wholly owned subsidiary Hawthorne Savings, F.S.B., operates nine branches in Southern California and is a real estate secured lender. For more information, please visit Hawthorne Financial Corporation’s website at: www.hawthornesavings.com.

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