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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 October 31, 1995
UNITED COMPANIES FINANCIAL CORPORATION
(Exact name as specified in its charter)
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<S> <C> <C>
Louisiana 1-7067 71-0430414
(State or other jurisdiction (Commission File (IRS Employer
of incorporation or organization) Number) Identification No.)
4041 Essen Lane, P.O. Box 1591 70821
Baton Rouge, Louisiana (Zip Code)
(Address of principal executive office)
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Registrant's telephone number, including area code (504) 924-6007
Not Applicable
(Former name or former address, if changed since last report.)
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ITEM 5. OTHER EVENTS.
On October 20, 1995, United Companies Financial Corporation (the "Company"),
publicly announced that, as part of its continuing efforts to maximize
shareholder value, it is evaluating strategic alternatives regarding its life
insurance subsidiary, United Companies Life Insurance Company, including the
possible sale of such subsidiary.
The Company has received unsolicited indications of interest from, and is
engaged in discussions with, third parties regarding a possible sale of such
subsidiary. These discussions are continuing, but there can be no assurance
that an agreement will be reached. If an agreement is reached, it will be
subject to approval by the Company's Board of Directors and shareholders and by
regulatory authorities.
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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 hereunto duly authorized.
UNITED COMPANIES FINANCIAL CORPORATION
By: /s/ Dale E. Redman
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Dale E. Redman, Executive Vice
President and Chief Financial
Officer
DATE: October 31, 1995
