-----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, HWvpSkBjQHnOicTWa/zMoiNw/GDrt3V+tEwVj/rxrvb9Ve2VjaUaYtJTtj8rF8k/ 9zV5wjpuCLMvUYi6NacXWQ== 0000892569-98-001938.txt : 19980703 0000892569-98-001938.hdr.sgml : 19980703 ACCESSION NUMBER: 0000892569-98-001938 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980702 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19980702 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: PRESLEY COMPANIES /DE CENTRAL INDEX KEY: 0000878093 STANDARD INDUSTRIAL CLASSIFICATION: OPERATIVE BUILDERS [1531] IRS NUMBER: 330475923 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-10830 FILM NUMBER: 98660251 BUSINESS ADDRESS: STREET 1: 19 CORPORATE PLAZA CITY: NEWPORT BEACH STATE: CA ZIP: 92660 BUSINESS PHONE: 7146406400 MAIL ADDRESS: STREET 2: 19 CORP PLAZA CITY: NEWPORT BEACH STATE: CA ZIP: 92660 8-K 1 FORM 8-K FOR THE DATE OF JULY 2, 1998 1 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 ---------------------------------- July 2, 1998 ------------ Date of Report (Date of earliest event reported) THE PRESLEY COMPANIES --------------------- (Exact name of registrant as specified in its charter) Delaware 0-18001 33-0475923 (State or Other Jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification Number) 19 Corporate Plaza, Newport Beach, California 92660 --------------------------------------------------- (Address of principal executive offices) (zip code) (949) 640-6400 -------------- Registrant's telephone number, including area code 2 Items 1-4. Not Applicable. --------------- Item 5. Other Events. ------------- On July 2, 1998, The Presley Companies issued a press release, a copy of which is attached hereto as Exhibit 99 and incorporated herein by reference. Item 6. Not Applicable. --------------- Item 7. Exhibits. --------- Exhibit 99 Press Release dated July 2, 1998. Item 8. Not Applicable. --------------- SIGNATURE Pursuant to the requirements of Section 13 and 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 hereunto duly authorized. Dated: July 2, 1998 THE PRESLEY COMPANIES, a Delaware corporation By: /s/ David M. Siegel ---------------------------- Name: David M. Siegel Title: Senior Vice President, Chief Financial Officer and Treasurer - 2 - 3 EXHIBIT INDEX Exhibit Description - ------- ----------- 99 Press Release Dated July 2, 1998. - 3 - EX-99 2 PRESS RELEASE 1 EXHIBIT 99 Contact: Investor Relations Media Relations W. Douglass Harris Stern and Co. The Presley Companies (310) 442-8414 (949) 640-6400 THE PRESLEY COMPANIES ANNOUNCES THE RECEIPT OF A NON-BINDING PROPOSAL BY WILLIAM LYON TO ACQUIRE ALL OF ITS OUTSTANDING STOCK NEWPORT BEACH, CA --- July 2, 1998 --- The Presley Companies (NYSE: PDC) announced the receipt of a non-binding proposal from William Lyon, Chairman of the Board of the Company, to acquire (through a wholly-owned corporation, William Lyon Homes, Inc.), all of the outstanding stock of the Company in a series of related transactions for a cash price of $0.40 per share. The proposal was submitted on June 30, 1998, to a Special Committee of the Board of Directors formed by the Company to evaluate strategic alternatives. The proposal is conditioned on the negotiation and execution of a definitive agreement, completion of due diligence, certain amendments of the Company's 12.5% Senior Notes, and regulatory, stockholder and other approvals, and will be evaluated by the Special Committee. Pending financial and legal review of the terms and conditions of the proposal, the Company will not have any comment nor make any determination on the merits of the proposal. The proposal, by its terms, will expire on July 31, 1998, unless accepted prior to that date. - 4 - -----END PRIVACY-ENHANCED MESSAGE-----