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) -
December 3, 1996
ARISTAR, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 1-3521 95-4128205
(State or other jurisdiction of (Commission File (I.R.S. Employer
incorporation) Number) Identification No.)
8900 GRAND OAK CIRCLE, TAMPA, FLORIDA 33637-1050
(Address of principal executive offices)
Registrant's telephone number, including area code -
(813) 632-4500
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ITEM 5. OTHER EVENTS.
Great Western Bank, a Federal Savings Bank ("GWB"), has declared a
dividend of all of the outstanding stock of Blazer Financial Corporation, its
wholly-owned subsidiary ("BFC"), payable to GWB's parent corporation, Great
Western Financial Corporation ("Great Western") as of the close of business on
December 31, 1996. Both Aristar, Inc. (the "Company") and GWB are wholly-owned
subsidiaries of Great Western. BFC is a holding company that owns all of the
stock of Great Western Thrift and Loan, a Utah industrial loan corporation, and
First Community Industrial Bank, a Colorado industrial bank. At September 30,
1996, the book value of the stock of BFC was approximately $33.7 million and its
consolidated assets, which are predominantly consumer finance receivables, were
approximately $254.3 million. On December 31, 1996, Great Western will transfer
such stock to the Company for a purchase price equal to its book value at that
time.
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SIGNATURE
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.
ARISTAR, INC.
By: s/JAMES A. BARE
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Name: James A. Bare
Title: Executive Vice President
and Chief Financial
Officer (Chief Accounting Officer)
Date: December 3, 1996
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