-----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, G1kC1j5qRGIeoFgQ+I8yz4lxUIzxxAEvb2XqSpYmYuLem+PThf7X9aJVux23rHca Xe0QkYAhA5J6OrklF2lqaA== 0000928385-96-000283.txt : 19960410 0000928385-96-000283.hdr.sgml : 19960410 ACCESSION NUMBER: 0000928385-96-000283 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19960325 ITEM INFORMATION: Changes in control of registrant ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19960409 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: FORUM RETIREMENT PARTNERS L P CENTRAL INDEX KEY: 0000804752 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-SOCIAL SERVICES [8300] IRS NUMBER: 351686799 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09302 FILM NUMBER: 96545251 BUSINESS ADDRESS: STREET 1: 8900 KEYSTONE CROSSING STE 200 STREET 2: PO BOX 40498 CITY: INDIANAPOLIS STATE: IN ZIP: 46240-0498 BUSINESS PHONE: 3178460700 MAIL ADDRESS: STREET 1: 8900 KEYSTONE CROSSING STE 200 STREET 2: PO BOX 40498 CITY: INDIANAPOLIS STATE: IN ZIP: 46240-0498 8-K 1 FORUM RETIREMENT PRTNS: FORM 8-K ================================================================================ SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Under Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) March 25, 1996 FORUM RETIREMENT PARTNERS, L.P. (Exact name of registrant as specified in its charter) Delaware 1-9302 35-1686799 (State of organization) (Commission File No.) (IRS Employer Identification No.) 11320 Random Hills Road, Suite 400 Fairfax, Virginia 22030 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (703) 277-7000 - -------------------------------------------------------------------------------- (Former name or former address, if changed since last report) ================================================================================ ITEM 1. CHANGES IN CONTROL OF REGISTRANT A change in control of the Registrant occurred on March 25, 1996, when FG Acquisition Corp. ("Acquisition"), an Indiana corporation and a wholly owned subsidiary of Marriott International, Inc. ("Marriott"), a Delaware corporation, acquired 22,341,879 shares, or approximately 99.1% of the outstanding shares, of common stock, without par value (the "Common Stock") of Forum Group, Inc. ("Forum"), the general partner of the Registrant and the holder of 79% of the preferred depository units representing preferred limited partnership interests in the Registrant, pursuant to a tender offer (the "Tender Offer") that expired on March 23, 1996. Such shares were acquired for total cash consideration of $290,444,427 ($13.00 per share). Funds for the acquisition were provided by a loan from Marriott to Acquisition. Marriott used general corporate funds to make the loan, including proceeds from public and private issuances of debt of Marriott, as well as cash from operations. Prior to the completion of the Tender Offer, each of Forum Holdings, L.P. and Apollo FG Partners, L.P. had beneficially owned approximately 40.6% of the Common Stock. The remaining 197,952 shares of outstanding Forum Common Stock that are not owned by Acquisition will be converted into the right to receive $13.00 per share, in cash, upon the merger of Acquisition with and into Forum (the "Merger"). The Merger, which is provided for in the Agreement and Plan of Merger, dated as of February 15, 1996, by and among Forum, Marriott and Acquisition (the "Merger Agreement") is expected to be completed by June 1996. The Merger Agreement is filed as Exhibit 10.1 hereto. Pursuant to the Merger Agreement, on March 25, 1996, Marriott designated six nominees, each of whom was appointed on that date as a director of the nine- member board of directors of Forum, by action taken by the three continuing directors of Forum. The News Release attached as Exhibit 99.1 hereto provides additional information regarding the foregoing, and is incorporated by reference herein. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS (c) Exhibits -------- Exhibit 10.1 Agreement and Plan of Merger, dated as of February 15, 1996, by and among Forum Group, Inc., Marriott International, Inc. and FG Acquisition Corp. (incorporated by reference to Exhibit 1 to the Schedule 14d-9 filed by Forum Group, Inc. with the Securities Exchange Commission on February 23, 1996). Exhibit 99.1. News Release, dated March 25, 1996. 2 SIGNATURES Under 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. FORUM RETIREMENT PARTNERS, L.P. BY: FORUM RETIREMENT, INC., ITS GENERAL PARTNER By: /s/ EDWARD L. BEDNARZ --------------------------- Name: Edward L. Bednarz Title: Vice President Date: April 9, 1996. 3 EX-99.1 2 FORUM RETIREMENT PRTNS: EXHIBIT 99.1 Exhibit 99.1 MARRIOTT INTERNATIONAL COMPLETES TENDER OFFER FOR FORUM GROUP WASHINGTON, D.C., March 25, 1996 -- Marriott International, Inc. said today that it has completed the tender offer for Forum Group, Inc., acquiring over 99% of the company's stock for approximately $290 million. Forum's operations will be combined with Marriott's Senior Living Services business. As previously announced, the transaction will involve a total consideration of $605 million, including existing Forum debt. The remaining Forum shares will be acquired by Marriott upon the merger of Forum with a Marriott subsidiary. The merger is expected to be completed by June 1996. 22,341,895 shares of Forum's common stock were tendered, including 103,414 shares tendered pursuant to notices of guaranteed delivery. Marriott has accepted for payment all tendered Forum shares. William J. Shaw, executive vice president of Marriott International and president of the Marriott Service Group, said, "The merger of Forum with Marriott Senior Living Services strengthens our leadership position in senior housing, and expands the range of products and services we can provide to today's fastest growing segment of the population. It will provide additional growth opportunities as our aging population looks for quality retirement facilities." - more - - 2 - As a result of the completed tender offer, Marriott Senior Living Services now operates 69 facilities with more than 14,500 retirement community units or nursing beds. It is the nation's largest operator of senior housing and health care services in the quality tier. In addition to full-service and Brighton Gardens assisted living communities, Marriott now will provide seniors with alternative product offerings developed by Forum, including National Guest Homes, a moderate priced assisted living concept; Hearthside, which offers both assisted living and dementia-related care; and Health Care Industries, Inc., a provider of home health care services to residents in independent living communities. Marriott intends to continue Forum's planned expansion program, adding 1,000 units or nursing beds to existing full-service communities. Marriott also plans to have 100 Brighton Gardens assisted living communities by the year 2000. It is estimated that in this decade alone, Americans aged 85 and older will increase by some 43 percent, while those 75 and older will grow by approximately 29 percent. Marriott International, Inc., based in Washington, D.C., is a diversified hospitality company involved in lodging and services management. It had revenues of $9.0 billion in 1995. # # # -----END PRIVACY-ENHANCED MESSAGE-----