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UNITED STATES
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): MARCH 8, 2000
SUNRISE ASSISTED LIVING, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 0-20765 54-1746596
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation of organization) File Number) Identification No.)
7902 WESTPARK DRIVE
MCLEAN, VIRGINIA 22102
(Address of principal executive offices) (Zip Code)
(703) 273-7500
(Registrant's telephone number, including area code)
9401 LEE HIGHWAY, SUITE 300
FAIRFAX, VIRGINIA 22031
(Former Name or Former Address, if changed Since Last Report)
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ITEM 5. OTHER EVENTS
The Company announced on March 8, 2000 that its 2000 annual meeting of
the stockholders will be held on Friday, April 28, 2000 at 9:00 a.m. at The
Ritz-Carlton (Tysons Corner), 1700 Tysons Boulevard, McLean, Virginia, 22102.
Matters to be considered at the 2000 annual meeting include the election of two
directors to three-year terms and approval of a new stock option plan. The
record date for stockholders entitled to vote at the meeting is March 13, 2000.
In accordance with the public disclosure provisions of Article II,
Section 2.12 and Article III, Section 3.8 of the Company's bylaws, written
notice of any business to be brought by any stockholder for the 2000 annual
meeting, and written notice of any nominations of directors by any stockholder
for the annual meeting, respectively, must be delivered to, or mailed to and
received by, the secretary of the Company at its principal executive offices,
7902 Westpark Drive, McLean, Virginia 22102, not later than March 22, 2000. Such
bylaw provisions further specify the procedures to be followed and the
information required to be furnished by any stockholder in order to bring
business before, or to make nominations of directors at, the 2000 annual
meeting.
The Company also announced that its Board of Directors has authorized
the Company to repurchase its outstanding shares up to an aggregate purchase
price of $30 million. The Company expects to fund the stock repurchases from
available funds and an expansion of its asset sale/manage-back program.
Under the stock repurchase program, the Company is authorized to
repurchase Company common stock in the open market or in privately negotiated
transactions from time to time over the next 12 months in compliance with Rule
10b-18, subject to market conditions, applicable legal requirements and other
factors. The stock repurchase program does not obligate the Company to
repurchase any specific number of shares, and repurchases pursuant to the
program may be suspended or resumed at any time or from time to time without
further notice or announcement.
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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 thereunto duly authorized.
SUNRISE ASSISTED LIVING, INC.
(Registrant)
Date: March 9, 2000 By: /s/ Larry E. Hulse
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Larry E. Hulse
Senior Vice President and Chief
Accounting Officer
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