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 22, 1994
Lomas Financial Corporation
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(Exact name of registrant as specified in its charter)
Delaware 1-6868 75-1043392
(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation)
1600 Viceroy Drive, Dallas, Texas 75235
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (214) 879-4000
None
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(Former name or former address, if changed since last report)
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Lomas Financial Corporation
Form 8-K
Item 5. Other Events.
Pursuant to General Instruction F to Form 8-K, the Registrant
hereby incorporates by reference the press release attached as
Exhibit 1 hereto.
Item 7. Financial Statements and Exhibits.
(a) None.
(b) None.
(c) Exhibits.
1. Press Release of Lomas Financial Corporation dated
March 22, 1994.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, as amended, the registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.
LOMAS FINANCIAL CORPORATION
(Registrant)
By: /S/GARY WHITE
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Gary White
Senior Vice President - Control
Date: March 23, 1994
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INDEX TO EXHIBITS
Exhibit No. Description Page No.
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1 Press Release of Lomas Financial 5
Corporation dated March 22, 1994.
<PAGE>
Exhibit 1
FOR IMMEDIATE RELEASE Contacts: Bert Byerley
214/879-5588
Gary White
214/879-5540
DALLAS--March 22, 1994--Lomas Financial Corporation (NYSE: LFC)
today stated that it has retained Salomon Brothers Inc to assist Lomas
in evaluating strategic alternatives to maximize stockholder values.
The Company is considering various options, including the possibility
of merging with or being acquired by another institution. Salomon's
engagement was primarily in response to several recent expressions of
interest by third parties.
Jess Hay, chairman and chief executive officer of Lomas, said,
"Although the board of directors believes that Lomas has excellent
potential for creating value for its stockholders as an independent
company, we feel the current situation in our industry provides unique
additional possibilities for growth. While Lomas has demonstrated that
it is capable of maintaining the size of its portfolio in the face of
unprecedented high prepayment rates, it nevertheless is true that with
additional capital resources our mortgage and computer businesses
would flourish, thereby potentially increasing value for our
stockholders and concurrently serving the best interests of our
operating businesses, our customers and our employees. What we are
doing is making sure that all such possibilities are explored."
Mr. Hay continued, "We have built an outstanding organization,
with some of the finest people and systems in our industry. Regardless
of which direction we ultimately take, we are very optimistic about
Lomas' future, particularly as the mortgage banking industry appears
to be moving toward a more stable environment in terms of portfolio
runoff rates and mortgage refinancings."
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