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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): June 22, 2000
KSL RECREATION GROUP, INC.
(Exact name of Registrant as specified in its charter)
Commission File Number 333-31025
Delaware 33-0747103
(State or other jurisdiction of (IRS Employer ID Number)
incorporation or organization)
55-880 PGA Boulevard
La Quinta, California 92253
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(Address of principal executive offices) (Zip Code)
760/564-8000
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(Registrant's telephone number, including area code)
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Page 1 of 3 pages
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5. OTHER MATTERS
On June 22, 2000, the Company's Board of Directors declared a cash
dividend in the amount of $19,309,400 to KSL Recreation Corporation ("Parent").
The dividend was paid on July 24, 2000. The cash dividend was used by the Parent
to repurchase common stock and options of the Parent held by certain present and
former employees and consultants of the Company and its subsidiaries. This
dividend is in accordance with the terms and conditions of the Indenture and the
amended and restated credit agreement, which provide for dividends (subject to
defined amount limitations) applied solely for the repurchase of common stock of
the Parent held by any future, present or former employees, directors or
consultants of the Company or any of the Company's subsidiaries.
7. FINANCIAL STATEMENTS AND EXHIBITS
Listed below are the financial statements, pro forma financial information
and exhibits, if any, filed as part of this report:
Exhibits
10.1 First Amendment to the Amended and Restated Credit Agreement,
dated as of May 4, 2000.
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
KSL RECREATION GROUP, INC.
By: \s\ John K. Saer, Jr. .
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John K. Saer, Jr.
Vice President, Chief Financial
Officer and Treasurer
Date: July 24, 2000