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): September 8, 1999
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BROOKDALE LIVING COMMUNITIES, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-22253 36-4103821
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(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
incorporation) Identification Number)
77 West Wacker Drive, Suite 4400, Chicago, Illinois 60601
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (312) 977-3700.
NOT APPLICABLE
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(Former name or former address, if changed since last report)
<PAGE>
ITEM 5. OTHER EVENTS.
On September 8, 1999, Brookdale Living Communities, Inc. issued the
Press Release attached hereto as Exhibit 99.1 Such Press Release is incorporated
herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits:
Exhibit
Number Description
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99.1 Press Release of Brookdale Living Communities, Inc.
dated September 8, 1999.
<PAGE>
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.
BROOKDALE LIVING COMMUNITIES, INC.
Registrant
Dated: October 1, 1999 By: /s/ Robert J. Rudnik
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Robert J. Rudnik
Executive Vice President/
General Counsel
Exhibit 99.1
FOR FURTHER INFORMATION:
AT THE COMPANY: AT FLEISHMAN HILLARD:
MARK J. SCHULTE SHARON J. ERIKSON
President and Chief Executive Officer Vice President
(312) 977-3700 (312) 751-8878
FOR IMMEDIATE RELEASE
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WEDNESDAY, SEPTEMBER 8, 1999
BROOKDALE LIVING COMMUNITIES, INC. BOARD OF DIRECTORS AUTHORIZES
REPURCHASE OF UP TO 2,000,000 SHARES OF ITS COMMON
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STOCK
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Chicago, September 8, 1999 - Brookdale Living Communities, Inc. (Nasdaq: BLCI)
today announced that its Board of Directors has authorized the Company to
repurchase up to 2 million shares of its common stock in open market
transactions and privately negotiated purchases. The timing, terms and amounts
of such purchases will be at the discretion of the Company's senior management.
Such repurchased shares will be held in Treasury by the Company.
Mark Schulte, President and Chief Executive Officer of the Company said, "While
we continue to seek attractive opportunities in the external growth portion of
our business plan, those being acquisitions and development of additional senior
living facilities, we also recognize the value of utilizing a portion of our
available capital to repurchase our shares in the market."
Brookdale Living Communities, Inc. is a provider of senior and assisted living
services to the elderly, with 21 facilities in 13 states containing an aggregate
of approximately 4,672 units in up-scale urban and suburban communities.
This news release contains certain forward-looking statements. When used in this
news release, the words "believes," "expects," "anticipates," "estimates" and
similar words or expressions are generally intended to identify forward-looking
statements. These forward-looking statements involve risks and uncertainties,
such as the risks described in the Company's filings with the Securities and
Exchange Commission.
CONTACT: Mark J. Schulte, President and Chief Executive Officer, Brookdale
Living Communities, Inc., 312-977-3700, or Sharon J. Erikson, Vice President,
Fleishman Hillard, 312-751-8878.
