-----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, IQkvlwzQboxs11gipWTN+Qy1rPI1eqXHyW3UgdcDv9GuU6sBP+ZBifpqsGPuAAsh Ich7ouCXvCJfDBKrfryBzA== 0000914317-97-000384.txt : 19970815 0000914317-97-000384.hdr.sgml : 19970815 ACCESSION NUMBER: 0000914317-97-000384 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970725 ITEM INFORMATION: Changes in control of registrant ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19970814 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: INTEGRATED RESOURCES HIGH EQUITY PARTNERS SERIES 85 CENTRAL INDEX KEY: 0000730067 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] IRS NUMBER: 133239107 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-14438 FILM NUMBER: 97660665 BUSINESS ADDRESS: STREET 1: 411 WEST PUTNAM AVE CITY: GREENWICH STATE: CT ZIP: 06830 BUSINESS PHONE: 2038627000 MAIL ADDRESS: STREET 1: 411 WEST PUTNAM AVENUE CITY: GREENWICH STATE: CT ZIP: 06830 FORMER COMPANY: FORMER CONFORMED NAME: HIGH EQUITY PARTNERS SERIES 85 DATE OF NAME CHANGE: 19850626 FORMER COMPANY: FORMER CONFORMED NAME: RESOURCES HIGH EQUITY PARTNERS DATE OF NAME CHANGE: 19850203 8-K 1 SECURITIES AND EXCHANGE COMMISSION Washington, DC 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) July 25, 1997 INTEGRATED RESOURCES HIGH EQUITY PARTNERS, SERIES 85 A CALIFORNIA LIMITED PARTNERSHIP - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) CALIFORNIA 0-14438 13-3239107 (State or other jurisdiction of (Commission (I.R.S. Employer incorporation or organization) File Number) Identification No.) c/o Wexford Management LLC 411 West Putnam Avenue, Greenwich, CT 06830 (Address of principal executive offices) (203) 862-7000 (Registrant's telephone number, including area code) None (Former name, or former address, if changed since last report) Item 1. Changes in Control of Registrant On July 25, 1997, Wexford Management LLC ("Wexford"), the management company for Presidio Capital Corp. ("Presidio") the parent company of Resources High Equity, Inc., and Presidio AGP Corp., the Managing and Associate General Partners, respectively, of Integrated Resources High Equity Partners, Series 85, A California Limited Partnership (the "Partnership"), received notice from Presidio Holding Company, LLC, which stated that it is the holder of 63% of the outstanding Class A common shares of Presidio, that it was seeking to remove the three current Class A directors and replacing them with Edward Scheetz, David Hamamoto and David King effective as of 12:00 p.m. on September 2, 1997. Wexford has not determined whether Presidio Holding Company, LLC has the right to seek and obtain removal or replacement of the current Class A directors pursuant to such notice. If such holder's ownership is confirmed, the other Class A shareholders will be entitled to certain representation on the Board. The complete text of the press release issued by Presidio is attached hereto as an exhibit and is hereby incorporated by reference in its entirety to this item. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits c. Exhibits 99.1 Press Release, dated July 28, 1997 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. Integrated Resources High Equity Partners, Series 85, A California Limited Partnership By: Resources High Equity, Inc. Dated: August 7, 1997 By: /s/Jay L. Maymudes ------------------ Jay L. Maymudes Vice President, Secretary, and Treasurer EX-99 2 FOR IMMEDIATE RELEASE Contact: Tony Smith (441) 295-9166 PRESIDIO HOLDING COMPANY, LLC SEEKS TO REPLACE PRESIDIO CAPITAL CORP. CLASS A DIRECTORS HAMILTON HM DX, BERMUDA, July 28, 1997. - Wexford Management LLC, the management company for Presidio Capital Corp. (PCC), received notice from Presidio Holding Company, LLC, which has stated that it is holder of 63% of its outstanding Class A common shares, that it was seeking to remove the three current Class A directors and replacing them with Edward Sheetz, David Hamamoto and David King effective noon on September 2, 1997. Wexford Management has not determined whether Presidio Holding Company, LLC has the right to seek and obtain removal or replacement of the current Class A directors pursuant to such notice. If such holder's ownership is confirmed, the other Class A shareholders will be entitled to certain representation on the Board. Presidio Capital Corp., the successor entity to Integrated Resources, Inc., is engaged in the liquidation and disposition of the assets of Integrated, which were acquired pursuant to the Sixth Amended Plan of Reorganization submitted by the Subordinated Bondholders Committee and the Steinhardt Group. The plan of reorganization was consummated on November 3, 1994. * * * * * -----END PRIVACY-ENHANCED MESSAGE-----