UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of
the Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported): December 8, 2000
CONSECO, INC.
(Exact name of registrant as specified in its charter)
Indiana 1-9250 35-1468632
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(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
organization)
11825 North Pennsylvania Street
Carmel, Indiana 46032
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(Address of principal executive offices) (Zip Code)
(317) 817-6100
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(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address,
if changed since last report.)
<PAGE>
Item 5: Other Events
On December 8, 2000, Conseco, Inc. ("Conseco") executed a definitive agreement
to sell substantially all of the "Vendor Services" business of its subsidiary,
Conseco Finance Corp., to Wells Fargo Financial Leasing, Inc. Vendor Services is
one of the non-core assets being monetized to fund the retirement of $2 billion
in debt. Cash proceeds to Conseco from the transaction are expected to be
approximately $160 million. The transaction is expected to close in the first
quarter of 2001.
Item 7(c). Exhibit.
99.1 Asset Purchase Agreement dated December 8, 2000 by and among Wells
Fargo Financial Leasing, Inc., Conseco, Inc., Conseco Finance Corp.,
Conseco Finance Vendor Services Corporation, Green Tree Lease
Finance II, Inc., Green Tree Lease Finance 1998-1, LLC and Conseco
Finance Lease 2000-1,LLC
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.
CONSECO, INC.
DATE: December 12, 2000
By: /s/ James S. Adams
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Name: James S. Adams
Title: Senior Vice President,
Chief Accounting Officer
and Treasurer
