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: July 3, 1997
SLH Corporation
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(Exact name of registrant as specified in its charter)
Kansas 0-21911 43-1764632
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(State of other (Commission File Number) (IRS Employer
jurisdiction of Identification
incorporation) Number)
5000 W. 95th Street, Suite 260
P. O. Box 7568
Shawnee Mission, KS 66207
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(Address of principal executive offices) (Zip code)
(913) 652-1000
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(Registrant's telephone number, including area code)
2600 Grand Blvd., Suite 500 P.O. Box 410919 Kansas City, MO 64141
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(Registrant's former address, changed since last report)
Item 5. Other Events
On July 3, 1997, the Registrant issued the following news release:
"SLH Corporation (SLH) announced today that the SLH Board of Directors has
declared a three for one split of the Company's shares of Common Stock. As
a result of the split, which is being effected as a stock dividend, each
stockholder of record on July 14, 1997 will receive two additional shares
of Common Stock for each share of Common Stock held. Certificates for the
additional shares will be mailed to stockholders on or about July 21, 1997.
Stockholders should retain their existing stock certificates. These should
not be sent to the Company since they will continue to evidence the number
of shares of Common Stock now stated on the certificate.
Concurrent with this action, the Board also authorized officers of the
Company to file an application with the NASDAQ Stock Market, Inc. for
listing of the Company's Common Stock on the National Market System of
NASDAQ. Until that listing application becomes effective, the Company's
Common Stock will continue to trade on the OTC electronic bulletin board.
The Board declared the split because it believes that it would decrease the
market price of the stock to a level at which it would be more readily
tradeable and accessible to a broader base of investors. It is expected
that the split will also promote the Company's application for listing of
the stock on the NASDAQ National Market. NASDAQ listing should provide a
more efficient market for the Company's stock and should provide greater
shareholder and investor access to information about market activity in the
stock. However, there is no assurance that the Company's listing
application will be approved.
SLH is engaged in the business of managing, developing and disposing of
real estate, energy businesses and miscellaneous assets. Its focus is on
the development of Syntroleum Corporation, in which SLH has a one-third
equity interest. Syntroleum is the developer and owner of a patented
process and several related proprietary technologies for the conversion of
natural gas into synthetic liquid fuels. Syntroleum has signed non-
exclusive master license agreements with Texaco, Marathon, and Atlantic
Richfield for the production of synfuels and is negotiating with several
other major oil and gas companies for similar rights. Additionally,
Syntroleum has retained the rights to build "natural gas refineries" for
production of synthetic lubricants, solvents and chemical feedstocks from
natural gas. Syntroleum is currently negotiating with potential industry
partners to finance and participate in these "non-fuel" plants.
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 officer.
SLH Corporation
Date: July 7, 1997 By: /s/ Steven K. Fitzwater
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Steven K. Fitzwater
Vice President, Chief Financial
and Accounting Officer and
Secretary
