8-K 1 0001.txt CURRENT REPORT ============================================================================== 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 7, 2000 Commission File Number: 0-25878 ILM I LEASE CORPORATION ----------------------- (Exact name of registrant as specified in its charter) Virginia 04-3248637 -------------------------- ------------------ (State of organization) (I.R.S. Employer Identification No.) 1750 Tysons Boulevard, Suite 1200, Tysons Corner, Virginia 22102 ---------------------------------------------------------- ------------------ (Address of principal executive office) (Zip Code) Registrant's telephone number, including area code: (888) 257-3550 (Page 1 of 3 pages) Exhibit Index Appears on Page 3 ITEM 5. OTHER EVENTS On June 7, 2000, ILM I Lease Corporation (the "Company") received a notice from ILM Holding, Inc. ("Holding") indicating that, pursuant to the terms of the existing Facilities Lease Agreement by and between Holding (as lessor) and the Company (as lessee) dated September 1, 1995, as amended (the "Facilities Lease Agreement"), the Facilities Lease Agreement would terminate on the date of consummation of the pending merger of ILM Senior Living, Inc. ("ILM"), an affiliate of the Company, and Capital Senior Living Corporation ("Capital"). Subject to the satisfaction of certain conditions and the receipt of requisite approvals, consummation of the merger is expected to occur on or about July 30, 2000. The term of the Facilities Lease Agreement is month-to-month, and may be terminated at the election of Holding upon sale of Holding's senior living communities to a non-affiliated third party. If the merger is consummated, the Company's operations would not be expected to continue beyond the termination of the Facilities Lease Agreement. As a result of the termination of the Facilities Lease Agreement, it is currently expected that the Company would have nominal value after payment of expenses and other costs, and the Board accordingly would review the Company's status and continued existence. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS. (a) Not Applicable (b) Not Applicable (c) The following Exhibits are filed as part of this Current Report on Form 8-K: 99.1 Press Release of ILM I Lease Corporation dated June 14, 2000. 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. ILM I LEASE CORPORATION By: /s/ Jeffry R. Dwyer ------------------------ Name: Jeffry R. Dwyer Title: President Dated: June 14, 2000 (Page 2 of 3 pages) EXHIBIT INDEX Page No. 99.1 Press Release of ILM I Lease Corporation dated 4 June 14, 2000. (Page 3 of 3 pages)